Tsuchiya Holdings Co (TSE:1840) Cyclically Adjusted PS Ratio: 0.19 (As of Aug. 05, 2026) — 12% 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:1840 Tsuchiya Holdings Co Ltd TSE:1840
58 GF Score
Price 円245.00
GF Value 円219.49
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Tsuchiya Holdings Co Cyclically Adjusted PS Ratio?

Tsuchiya Holdings Co TSE:1840 +0.41% 58 Cyclically Adjusted PS Ratio is 0.19 as of Aug. 05, 2026, which is 12% above its 10-year median of 0.17. GuruFocus rates TSE:1840 with a GF Score™ of 58/100 and a GF Value™ of 円219.49 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 72 Homebuilding & Construction companies, Tsuchiya Holdings Co ranks better than 90.28% on this metric.

As of today (2026-08-05), Tsuchiya Holdings Co's current share price is 円245.00. Tsuchiya Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was 円1,294.30. Tsuchiya Holdings Co's Cyclically Adjusted PS Ratio for today is 0.19.

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

TSE:1840' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.17   Max: 0.29
Current: 0.19

During the past years, Tsuchiya Holdings Co's highest Cyclically Adjusted PS Ratio was 0.29. The lowest was 0.11. And the median was 0.17.

TSE:1840's Cyclically Adjusted PS Ratio is ranked better than
90.28% of 72 companies
in the Homebuilding & Construction industry
Industry Median: 0.66 vs TSE:1840: 0.19

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.

Tsuchiya Holdings Co's adjusted revenue per share data for the three months ended in Apr. 2026 was 円291.157. 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1,294.30 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsuchiya Holdings Co  (TSE:1840) 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.


Tsuchiya Holdings Co Cyclically Adjusted PS Ratio Related Terms


Tsuchiya Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tsuchiya Holdings Co'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.

Tsuchiya Holdings Co Cyclically Adjusted PS Ratio Chart

Tsuchiya Holdings Co Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.17 0.18 0.00 0.18

Tsuchiya Holdings Co Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Oct24 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.19 0.18 0.17 0.17

TSE:1840 vs DHI, PHM, LEN: Cyclically Adjusted PS Ratio Comparison

For the Residential Construction subindustry, Tsuchiya Holdings Co'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.


Tsuchiya Holdings Co Cyclically Adjusted PS Ratio vs Homebuilding & Construction Industry

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

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


TSE:1840
58GF Score
Tsuchiya Holdings Co Ltd TSE:1840
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tsuchiya Holdings Co 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.

Tsuchiya Holdings Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=245.00/1294.30
=0.19

* 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.

Tsuchiya Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Tsuchiya Holdings Co's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=291.157/113.0000*113.0000
=291.157

Current CPI (Apr. 2026) = 113.0000.

Tsuchiya Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201601 151.193 97.700 174.870
201604 226.890 98.100 261.351
201607 226.078 97.900 260.948
201610 371.426 98.600 425.671
201701 147.129 98.200 169.303
201704 226.618 98.500 259.978
201707 224.540 98.300 258.118
201710 369.404 98.800 422.496
201801 164.862 99.500 187.230
201804 228.249 99.100 260.264
201807 240.264 99.200 273.688
201810 367.374 100.200 414.304
201901 222.242 99.700 251.889
201904 248.451 100.000 280.750
201907 284.645 99.800 322.293
201910 461.445 100.400 519.355
202001 200.836 100.500 225.816
202004 289.628 100.200 326.626
202007 232.915 100.000 263.194
202010 426.298 99.800 482.682
202101 195.607 99.800 221.479
202104 306.133 99.100 349.072
202107 269.894 99.700 305.898
202110 470.560 99.900 532.265
202201 206.082 100.300 232.176
202204 332.690 101.500 370.384
202207 323.716 102.300 357.575
202210 526.303 103.700 573.503
202301 219.155 104.700 236.528
202304 321.081 105.100 345.216
202307 286.784 105.700 306.590
202310 549.295 107.100 579.555
202401 213.226 106.900 225.393
202404 317.301 107.700 332.916
202410 0.000 109.500 0.000
202504 0.000 111.500 0.000
202507 227.922 111.900 230.163
202510 511.328 112.800 512.235
202601 252.741 112.900 252.965
202604 291.157 113.000 291.157

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 0.19 mean?
Tsuchiya Holdings Co (TSE:1840) has a Cyclically Adjusted PS Ratio of 0.19 as of Aug. 05, 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 Tsuchiya Holdings Co and its competitors. This is 12% above median its historical median of 0.17. Over the past decade, Tsuchiya Holdings Co's Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.29. According to the industry distribution chart, Tsuchiya Holdings Co ranks #7 out of 72 companies in the Homebuilding & Construction industry, placing it in the top 9.7%.
Is Tsuchiya Holdings Co's Cyclically Adjusted PS Ratio too high?
Tsuchiya Holdings Co's current Cyclically Adjusted PS Ratio of 0.19 is 12% above median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.29. The Homebuilding & Construction industry median Cyclically Adjusted PS Ratio is 0.66. Tsuchiya Holdings Co's value of 0.19 is 71.2% below this industry median. Based on the distribution chart, Tsuchiya Holdings Co ranks #7 out of 72 companies in the Homebuilding & Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Tsuchiya Holdings Co has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tsuchiya Holdings Co's Cyclically Adjusted PS Ratio compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Tsuchiya Holdings Co ranks #7 out of 72 companies for Cyclically Adjusted PS Ratio. This places Tsuchiya Holdings Co in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.66. Tsuchiya Holdings Co's value of 0.19 is 71.2% below this benchmark. Historically, Tsuchiya Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.29 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 0.66, Tsuchiya Holdings Co 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 0.66, based on 72 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. Tsuchiya Holdings Co's current Cyclically Adjusted PS Ratio of 0.19 is 71.2% 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 Tsuchiya Holdings Co and its competitors. For the Homebuilding & Construction industry, the median Cyclically Adjusted PS Ratio is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tsuchiya Holdings Co's current Cyclically Adjusted PS Ratio is 0.19, which is 12% above median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsuchiya Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Tsuchiya Holdings Co (TSE:1840) is currently considered Modestly Overvalued. The stock's GF Value™ is 円219.49, compared to a current price of 円245.00 — trading 11.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.19, which is 12% above median its 10-year median of 0.17 and 71.2% below the Homebuilding & Construction industry median of 0.66. Tsuchiya Holdings Co's overall GF Score™ is 58/100 with 6 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 Tsuchiya Holdings Co (TSE:1840), the current Cyclically Adjusted PS Ratio is 0.19 as of Aug. 05, 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 Tsuchiya Holdings Co (TSE:1840) Overvalued in 2026?

Based on GuruFocus' analysis, Tsuchiya Holdings Co stock appears to be overvalued. The current stock price of 円245.00 is trading 11.6% above its estimated GF Value™ of 円219.49. GuruFocus considers Tsuchiya Holdings Co to be Modestly Overvalued.

Key valuation signals for TSE:1840:

  • Cyclically Adjusted PS Ratio: 0.19 (12% above median its 10-year median of 0.17)
  • GF Value™: 円219.49 vs. price of 円245.00 (11.6% above fair value)
  • GF Score™: 58/100 with 6 warning signs
  • Industry Position: 71.2% below the Homebuilding & Construction median (#7 of 72)

No single metric tells the full story. See the TSE:1840 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsuchiya Holdings Co Business Description

Address 3-7 Nishi Kita-kujo, Kita-ku, Sapporo, JPN, 060-0809
Tsuchiya Holdings Co Ltd is a Japan-based construction company. The company is mainly engaged in the design and construction of custom homes, expansion and remodeling business, real estate sales business, and renovation business. Other services offered by the company include property management for owners, support for building elderly facilities, vacant house and land management services.
58GF Score

Get the complete analysis for TSE:1840

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

円245.00
Price
円219.49
GF Value