Santo (TSE:1788) Cyclically Adjusted PS Ratio: 0.39 (As of Aug. 13, 2026) — 26% Above Median

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TSE:1788 Santo Corp TSE:1788
66 GF Score
Price 円4,380.00
GF Value 円4,932.85
Valuation Modestly Undervalued
View Full Analysis

What is Santo Cyclically Adjusted PS Ratio?

Santo TSE:1788 +0.34% 66 Cyclically Adjusted PS Ratio is 0.39 as of Aug. 13, 2026, which is 26% above its 10-year median of 0.31. GuruFocus rates TSE:1788 with a GF Score™ of 66/100 and a GF Value™ of 円4,932.85 (Modestly Undervalued). Among 1,377 Construction companies, Santo ranks better than 68.55% on this metric.

As of today (2026-08-13), Santo's current share price is 円4380.00. Santo's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was 円11,271.85. Santo's Cyclically Adjusted PS Ratio for today is 0.39.

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

TSE:1788' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.31   Max: 0.44
Current: 0.39

During the past years, Santo's highest Cyclically Adjusted PS Ratio was 0.44. The lowest was 0.24. And the median was 0.31.

TSE:1788's Cyclically Adjusted PS Ratio is ranked better than
68.55% of 1377 companies
in the Construction industry
Industry Median: 0.7 vs TSE:1788: 0.39

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.

Santo's adjusted revenue per share data for the three months ended in Dec. 2025 was 円4,451.530. 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11,271.85 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Santo  (TSE:1788) 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.


Santo Cyclically Adjusted PS Ratio Related Terms


Santo Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Santo'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.

Santo Cyclically Adjusted PS Ratio Chart

Santo Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.30 0.38 0.35 0.36

Santo Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.40 0.36 0.38 0.43 0.00

TSE:1788 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Santo'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.


Santo Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Santo's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:1788
66GF Score
Santo Corp TSE:1788
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Santo 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.

Santo's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4380.00/11271.85
=0.39

* 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.

Santo's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Santo's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=4451.53/113.0000*113.0000
=4,451.530

Current CPI (Dec. 2025) = 113.0000.

Santo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 1,984.634 98.100 2,286.072
201603 2,264.583 97.900 2,613.870
201606 1,559.748 98.100 1,796.652
201609 1,387.631 98.000 1,600.024
201612 2,070.421 98.400 2,377.618
201703 2,085.620 98.100 2,402.396
201706 1,440.790 98.500 1,652.886
201709 1,587.296 98.800 1,815.430
201712 1,977.841 99.400 2,248.451
201803 2,455.672 99.200 2,797.288
201806 1,917.939 99.200 2,184.749
201809 1,712.323 99.900 1,936.862
201812 1,866.832 99.700 2,115.868
201903 2,111.648 99.700 2,393.342
201906 2,331.694 99.800 2,640.094
201909 1,766.569 100.100 1,994.229
201912 2,496.771 100.500 2,807.315
202003 2,658.475 100.300 2,995.091
202006 1,884.886 99.900 2,132.053
202009 2,005.517 99.900 2,268.503
202012 3,192.837 99.300 3,633.339
202103 3,714.691 99.900 4,201.803
202106 3,537.436 99.500 4,017.390
202109 2,793.794 100.100 3,153.833
202112 2,702.836 100.100 3,051.154
202203 2,582.745 101.100 2,886.748
202206 2,980.092 101.800 3,307.961
202209 2,882.167 103.100 3,158.922
202212 3,186.042 104.100 3,458.432
202303 2,974.384 104.400 3,219.400
202306 2,241.840 105.200 2,408.060
202309 3,035.003 106.200 3,229.335
202312 3,446.322 106.800 3,646.389
202403 3,081.673 107.200 3,248.405
202406 2,430.985 108.200 2,538.829
202412 0.000 110.700 0.000
202503 4,132.187 111.100 4,202.854
202506 3,414.323 111.700 3,454.060
202509 3,541.647 112.000 3,573.269
202512 4,451.530 113.000 4,451.530

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 0.39 mean?
Santo (TSE:1788) has a Cyclically Adjusted PS Ratio of 0.39 as of Aug. 13, 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 Santo and its competitors. This is 26% above median its historical median of 0.31. Over the past decade, Santo's Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.44. According to the industry distribution chart, Santo ranks #433 out of 1377 companies in the Construction industry, placing it in the top 31.4%.
Is Santo's Cyclically Adjusted PS Ratio too high?
Santo's current Cyclically Adjusted PS Ratio of 0.39 is 26% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.44. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Santo's value of 0.39 is 44.3% below this industry median. Based on the distribution chart, Santo ranks #433 out of 1377 companies in the Construction industry, which is above the industry midpoint. Overall, Santo has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Santo's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Santo ranks #433 out of 1377 companies for Cyclically Adjusted PS Ratio. This puts Santo in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Santo's value of 0.39 is 44.3% below this benchmark. Historically, Santo's own Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.44 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.70, Santo 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,377 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. Santo's current Cyclically Adjusted PS Ratio of 0.39 is 44.3% 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 Santo and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Santo's current Cyclically Adjusted PS Ratio is 0.39, which is 26% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Santo stock overvalued right now?
Based on GuruFocus' analysis, Santo (TSE:1788) is currently considered Modestly Undervalued. The stock's GF Value™ is 円4,932.85, compared to a current price of 円4,380.00 — trading 11.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.39, which is 26% above median its 10-year median of 0.31 and 44.3% below the Construction industry median of 0.70. Santo's overall GF Score™ is 66/100. 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 Santo (TSE:1788), the current Cyclically Adjusted PS Ratio is 0.39 as of Aug. 13, 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 Santo (TSE:1788) Overvalued in 2026?

Based on GuruFocus' analysis, Santo stock appears to be undervalued. The current stock price of 円4,380.00 is trading 11.2% below its estimated GF Value™ of 円4,932.85. GuruFocus considers Santo to be Modestly Undervalued.

Key valuation signals for TSE:1788:

  • Cyclically Adjusted PS Ratio: 0.39 (26% above median its 10-year median of 0.31)
  • GF Value™: 円4,932.85 vs. price of 円4,380.00 (11.2% below fair value)
  • GF Score™: 66/100
  • Industry Position: 44.3% below the Construction median (#433 of 1377)

No single metric tells the full story. See the TSE:1788 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Santo Business Description

Address 610 Eda, Shigaraki-cho, Shiga Prefecture, Koka, JPN, 520-3022
Santo Corp Formerly Santo Co., Ltd. Is engaged in the business of construction management in japan. The business division of company include civil engineering division which include road and bridge fortifications, water and sewage fortifications, and paving work, and construction business division which include shrine, educational and cultural facilities, and store and warehouses. Company also includes Environmental development project.
66GF Score

Get the complete analysis for TSE:1788

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

円4,380.00
Price
円4,932.85
GF Value