First-corp (TSE:1430) Cyclically Adjusted PS Ratio: 0.49 (As of Sep. 01, 2026) — Near Median

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TSE:1430 First-corp Inc TSE:1430
62 GF Score
Price 円1,058.00
GF Value 円1,029.25
Valuation Fairly Valued
! 9 Warning Signs
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What is First-corp Cyclically Adjusted PS Ratio?

First-corp TSE:1430 +0.47% 62 Cyclically Adjusted PS Ratio is 0.49 as of Sep. 01, 2026, which is at its 10-year median of 0.49. GuruFocus rates TSE:1430 with a GF Score™ of 62/100 and a GF Value™ of 円1,029.25 (Fairly Valued). The stock has 9 warning signs investors should review. Among 70 Homebuilding & Construction companies, First-corp ranks better than 60% on this metric.

As of today (2026-09-01), First-corp's current share price is 円1058.00. First-corp's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was 円2,157.72. First-corp's Cyclically Adjusted PS Ratio for today is 0.49.

The historical rank and industry rank for First-corp's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSE:1430' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.49   Max: 0.54
Current: 0.49

During the past years, First-corp's highest Cyclically Adjusted PS Ratio was 0.54. The lowest was 0.41. And the median was 0.49.

TSE:1430's Cyclically Adjusted PS Ratio is ranked better than
60% of 70 companies
in the Homebuilding & Construction industry
Industry Median: 0.645 vs TSE:1430: 0.49

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

First-corp's adjusted revenue per share data for the three months ended in May. 2026 was 円1,037.190. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is 円2,157.72 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


First-corp  (TSE:1430) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


First-corp Cyclically Adjusted PS Ratio Related Terms


First-corp Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for First-corp's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First-corp Cyclically Adjusted PS Ratio Chart

First-corp Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.44

First-corp Quarterly Data
Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Nov25 Feb26 May26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.56 0.44

TSE:1430 vs DHI, PHM, LEN: Cyclically Adjusted PS Ratio Comparison

For the Residential Construction subindustry, First-corp's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First-corp Cyclically Adjusted PS Ratio vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, First-corp's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where First-corp's Cyclically Adjusted PS Ratio falls into.


TSE:1430
62GF Score
First-corp Inc TSE:1430
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First-corp Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

First-corp's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1058.00/2157.72
=0.49

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First-corp's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 is calculated as:

For example, First-corp's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=1037.19/113.5000*113.5000
=1,037.190

Current CPI (May. 2026) = 113.5000.

First-corp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201511 358.076 98.100 414.288
201602 285.692 97.800 331.555
201605 394.255 98.200 455.682
201608 649.702 97.900 753.230
201611 404.474 98.600 465.596
201702 354.719 98.100 410.404
201705 248.813 98.600 286.413
201708 354.096 98.500 408.019
201711 409.754 99.100 469.294
201802 332.497 99.500 379.280
201805 461.023 99.300 526.950
201808 340.577 99.800 387.330
201811 328.578 100.000 372.936
201902 337.705 99.700 384.449
201905 418.889 100.000 475.439
201908 229.773 100.000 260.792
201911 284.539 100.500 321.345
202002 294.490 100.300 333.246
202005 982.802 100.100 1,114.366
202008 290.894 100.100 329.835
202011 311.284 99.500 355.083
202102 360.637 99.800 410.143
202105 726.388 99.400 829.427
202108 835.254 99.700 950.866
202111 371.884 100.100 421.667
202202 610.532 100.700 688.137
202205 697.710 101.800 777.899
202208 399.476 102.700 441.485
202211 458.290 103.900 500.634
202302 641.415 104.000 700.006
202305 647.469 105.100 699.217
202308 498.529 105.900 534.306
202311 640.308 106.900 679.841
202402 611.343 106.900 649.087
202405 634.374 108.100 666.063
202411 0.000 110.000 0.000
202505 0.000 111.800 0.000
202511 0.000 113.200 0.000
202602 728.992 112.200 737.438
202605 1,037.190 113.500 1,037.190

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 0.49 mean?
First-corp (TSE:1430) has a Cyclically Adjusted PS Ratio of 0.49 as of Sep. 01, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on First-corp and its competitors. This is near median its historical median of 0.49. Over the past decade, First-corp's Cyclically Adjusted PS Ratio has ranged from 0.41 to 0.54. According to the industry distribution chart, First-corp ranks #28 out of 70 companies in the Homebuilding & Construction industry, placing it in the top 40%.
Is First-corp's Cyclically Adjusted PS Ratio too high?
First-corp's current Cyclically Adjusted PS Ratio of 0.49 is near median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.54. The Homebuilding & Construction industry median Cyclically Adjusted PS Ratio is 0.65. First-corp's value of 0.49 is 24% below this industry median. Based on the distribution chart, First-corp ranks #28 out of 70 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, First-corp has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First-corp's Cyclically Adjusted PS Ratio compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, First-corp ranks #28 out of 70 companies for Cyclically Adjusted PS Ratio. This puts First-corp in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.65. First-corp's value of 0.49 is 24% below this benchmark. Historically, First-corp's own Cyclically Adjusted PS Ratio has ranged from 0.41 to 0.54 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.65, First-corp has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Homebuilding & Construction company?
The median Cyclically Adjusted PS Ratio among Homebuilding & Construction companies is 0.65, based on 70 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First-corp's current Cyclically Adjusted PS Ratio of 0.49 is 24% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on First-corp and its competitors. For the Homebuilding & Construction industry, the median Cyclically Adjusted PS Ratio is 0.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First-corp's current Cyclically Adjusted PS Ratio is 0.49, which is near median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First-corp stock overvalued right now?
Based on GuruFocus' analysis, First-corp (TSE:1430) is currently considered Fairly Valued. The stock's GF Value™ is 円1,029.25, compared to a current price of 円1,058.00 — trading 2.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.49, which is near median its 10-year median of 0.49 and 24% below the Homebuilding & Construction industry median of 0.65. First-corp's overall GF Score™ is 62/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For First-corp (TSE:1430), the current Cyclically Adjusted PS Ratio is 0.49 as of Sep. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First-corp (TSE:1430) Overvalued in 2026?

Based on GuruFocus' analysis, First-corp stock appears to be overvalued. The current stock price of 円1,058.00 is trading 2.8% above its estimated GF Value™ of 円1,029.25. GuruFocus considers First-corp to be Fairly Valued.

Key valuation signals for TSE:1430:

  • Cyclically Adjusted PS Ratio: 0.49 (near median its 10-year median of 0.49)
  • GF Value™: 円1,029.25 vs. price of 円1,058.00 (2.8% above fair value)
  • GF Score™: 62/100 with 9 warning signs
  • Industry Position: 24% below the Homebuilding & Construction median (#28 of 70)

No single metric tells the full story. See the TSE:1430 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First-corp Business Description

Address 4-30-16 Ogikubo, 8th Floor, Fujisawa Building, Suginami-ku, Tokyo, JPN, 167-0051
First-corp Inc engages in the condominium construction business. It provides general construction, consultation, planning, and design. The firm purchases land, plans and designs, and proposes the same to business owners for construction contracts.
62GF Score

Get the complete analysis for TSE:1430

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,058.00
Price
円1,029.25
GF Value