Fuji P.S (TSE:1848) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:1848 Fuji P.S Corp TSE:1848
60 GF Score
Price 円810.00
GF Value 円529.60
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Fuji P.S Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fuji P.S  (TSE:1848) 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.


Fuji P.S Cyclically Adjusted PS Ratio Related Terms


Fuji P.S Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fuji P.S'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.

Fuji P.S Cyclically Adjusted PS Ratio Chart

Fuji P.S 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 0.35 0.30 0.29 0.26 0.33

Fuji P.S Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.28 0.31 0.32 0.33 0.36

TSE:1848 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Fuji P.S'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.


Fuji P.S Cyclically Adjusted PS Ratio vs Construction Industry

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

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


TSE:1848
60GF Score
Fuji P.S Corp TSE:1848
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fuji P.S 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.

Fuji P.S's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Fuji P.S's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=468.653/113.6000*113.6000
=468.653

Current CPI (Jun. 2026) = 113.6000.

Fuji P.S Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 284.354 98.000 329.619
201612 327.411 98.400 377.987
201703 353.369 98.100 409.202
201706 310.440 98.500 358.030
201709 416.741 98.800 479.168
201712 430.003 99.400 491.432
201803 386.834 99.200 442.987
201806 353.894 99.200 405.266
201809 354.386 99.900 402.985
201812 349.420 99.700 398.136
201903 514.637 99.700 586.387
201906 352.181 99.800 400.879
201909 420.010 100.100 476.655
201912 399.698 100.500 451.798
202003 406.787 100.300 460.728
202006 385.826 99.900 438.737
202009 402.588 99.900 457.798
202012 391.535 99.300 447.919
202103 381.938 99.900 434.316
202106 408.786 99.500 466.714
202109 341.502 100.100 387.559
202112 368.886 100.100 418.636
202203 419.422 101.100 471.279
202206 379.705 101.800 423.718
202209 359.814 103.100 396.458
202212 377.168 104.100 411.588
202303 395.757 104.400 430.632
202306 327.849 105.200 354.027
202309 340.717 106.200 364.458
202312 428.624 106.800 455.915
202403 510.004 107.200 540.452
202406 433.967 108.200 455.625
202409 433.365 108.900 452.069
202412 491.368 110.700 504.240
202503 546.132 111.100 558.421
202506 461.355 111.700 469.203
202509 461.085 112.000 467.672
202512 407.759 113.000 409.924
202603 494.530 112.700 498.479
202606 468.653 113.600 468.653

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.

Is Fuji P.S (TSE:1848) Overvalued in 2026?

Based on GuruFocus' analysis, Fuji P.S stock appears to be overvalued. The current stock price of 円810.00 is trading 52.9% above its estimated GF Value™ of 円529.60. GuruFocus considers Fuji P.S to be Significantly Overvalued.

Key valuation signals for TSE:1848:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円529.60 vs. price of 円810.00 (52.9% above fair value)
  • GF Score™: 60/100 with 8 warning signs

No single metric tells the full story. See the TSE:1848 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fuji P.S Business Description

Address 1-13-8 Yakuin, Chou-Ku, Fukuoka, JPN, 810-0022
Fuji P.S Corp provides civil engineering services. The company y has three reportable segments: Real Estate Business, Civil engineering construction Business, and the rental division's real estate Leasing Business. The company generates the majority of its revenue from the Civil engineering business.
60GF Score

Get the complete analysis for TSE:1848

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

円810.00
Price
円529.60
GF Value