Shimizu (TSE:1803) Cyclically Adjusted PS Ratio: 0.95 (As of Aug. 04, 2026) — 107% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:1803 Shimizu Corp TSE:1803
70 GF Score
Price 円2,398.00
GF Value 円1,380.65
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Shimizu Cyclically Adjusted PS Ratio?

Shimizu TSE:1803 +2.61% 70 Cyclically Adjusted PS Ratio is 0.95 as of Aug. 04, 2026, which is 107% above its 10-year median of 0.46. GuruFocus rates TSE:1803 with a GF Score™ of 70/100 and a GF Value™ of 円1,380.65 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,359 Construction companies, Shimizu ranks worse than 59.31% on this metric.

As of today (2026-08-04), Shimizu's current share price is 円2398.00. Shimizu's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,533.76. Shimizu's Cyclically Adjusted PS Ratio for today is 0.95.

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

TSE:1803' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.46   Max: 1.39
Current: 0.94

During the past years, Shimizu's highest Cyclically Adjusted PS Ratio was 1.39. The lowest was 0.31. And the median was 0.46.

TSE:1803's Cyclically Adjusted PS Ratio is ranked worse than
59.31% of 1359 companies
in the Construction industry
Industry Median: 0.7 vs TSE:1803: 0.94

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.

Shimizu's adjusted revenue per share data for the three months ended in Mar. 2026 was 円926.650. 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2,533.76 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shimizu  (TSE:1803) 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.


Shimizu Cyclically Adjusted PS Ratio Related Terms


Shimizu Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shimizu'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.

Shimizu Cyclically Adjusted PS Ratio Chart

Shimizu Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.34 0.44 0.54 1.09

Shimizu Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.54 0.65 0.84 1.06 1.09

TSE:1803 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Shimizu'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.


Shimizu Cyclically Adjusted PS Ratio vs Construction Industry

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

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


TSE:1803
70GF Score
Shimizu Corp TSE:1803
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shimizu 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2398.00/2533.76
=0.95

* 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.

Shimizu's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Shimizu's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=926.65/112.7000*112.7000
=926.650

Current CPI (Mar. 2026) = 112.7000.

Shimizu Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 450.008 98.100 516.982
201609 457.041 98.000 525.597
201612 493.033 98.400 564.683
201703 596.736 98.100 685.547
201706 432.839 98.500 495.238
201709 439.433 98.800 501.256
201712 464.778 99.400 526.967
201803 598.689 99.200 680.164
201806 455.081 99.200 517.012
201809 474.753 99.900 535.582
201812 536.505 99.700 606.461
201903 655.600 99.700 741.084
201906 524.027 99.800 591.762
201909 548.835 100.100 617.919
201912 527.652 100.500 591.705
202003 601.562 100.300 675.933
202006 411.924 99.900 464.703
202009 454.319 99.900 512.530
202012 455.267 99.300 516.703
202103 558.290 99.900 629.823
202106 417.157 99.500 472.498
202109 442.885 100.100 498.633
202112 482.736 100.100 543.500
202203 648.893 101.100 723.346
202206 521.149 101.800 576.950
202209 596.221 103.100 651.737
202212 669.358 104.100 724.656
202303 802.163 104.400 865.936
202306 597.415 105.200 640.006
202309 676.912 106.200 718.343
202312 683.727 106.800 721.498
202403 779.763 107.200 819.769
202406 567.893 108.200 591.511
202409 621.129 108.900 642.803
202412 700.815 110.700 713.477
202503 885.246 111.100 897.995
202506 648.327 111.700 654.131
202509 669.933 112.000 674.120
202512 784.503 113.000 782.420
202603 926.650 112.700 926.650

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 0.95 mean?
Shimizu (TSE:1803) has a Cyclically Adjusted PS Ratio of 0.95 as of Aug. 04, 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 Shimizu and its competitors. This is 107% above median its historical median of 0.46. Over the past decade, Shimizu's Cyclically Adjusted PS Ratio has ranged from 0.31 to 1.39. According to the industry distribution chart, Shimizu ranks #806 out of 1359 companies in the Construction industry, placing it in the top 59.3%.
Is Shimizu's Cyclically Adjusted PS Ratio too high?
Shimizu's current Cyclically Adjusted PS Ratio of 0.95 is 107% above median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 1.39. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Shimizu's value of 0.95 is 35.7% above this industry median. Based on the distribution chart, Shimizu ranks #806 out of 1359 companies in the Construction industry, which is below the industry midpoint. Overall, Shimizu has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shimizu's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Shimizu ranks #806 out of 1359 companies for Cyclically Adjusted PS Ratio. This places Shimizu in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Shimizu's value of 0.95 is 35.7% above this benchmark. Historically, Shimizu's own Cyclically Adjusted PS Ratio has ranged from 0.31 to 1.39 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.70, Shimizu has consistently been above 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 1,359 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. Shimizu's current Cyclically Adjusted PS Ratio of 0.95 is 35.7% above 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 Shimizu 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. Shimizu's current Cyclically Adjusted PS Ratio is 0.95, which is 107% above median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimizu stock overvalued right now?
Based on GuruFocus' analysis, Shimizu (TSE:1803) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,380.65, compared to a current price of 円2,398.00 — trading 73.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.95, which is 107% above median its 10-year median of 0.46 and 35.7% above the Construction industry median of 0.70. Shimizu's overall GF Score™ is 70/100 with 2 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 Shimizu (TSE:1803), the current Cyclically Adjusted PS Ratio is 0.95 as of Aug. 04, 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 Shimizu (TSE:1803) Overvalued in 2026?

Based on GuruFocus' analysis, Shimizu stock appears to be overvalued. The current stock price of 円2,398.00 is trading 73.7% above its estimated GF Value™ of 円1,380.65. GuruFocus considers Shimizu to be Significantly Overvalued.

Key valuation signals for TSE:1803:

  • Cyclically Adjusted PS Ratio: 0.95 (107% above median its 10-year median of 0.46)
  • GF Value™: 円1,380.65 vs. price of 円2,398.00 (73.7% above fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 35.7% above the Construction median (#806 of 1359)

No single metric tells the full story. See the TSE:1803 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shimizu Business Description

Address 2-16-1 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8370
Shimizu Corp is a Japan-based company mainly engaged in the construction business. The company operates through Construction, Investment and Development, Road Paving, and Others. It generates the majority of its revenue from the Construction segment. The Construction segment consolidates branches and headquarters engaged in construction activities.
70GF Score

Get the complete analysis for TSE:1803

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

円2,398.00
Price
円1,380.65
GF Value