Techno Ryowa (TSE:1965) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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:1965 Techno Ryowa Ltd TSE:1965
70 GF Score
Price 円7,130.00
GF Value 円3,687.83
Valuation Significantly Overvalued
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What is Techno Ryowa Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Techno Ryowa  (TSE:1965) 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.


Techno Ryowa Cyclically Adjusted PS Ratio Related Terms


Techno Ryowa Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Techno Ryowa'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.

Techno Ryowa Cyclically Adjusted PS Ratio Chart

Techno Ryowa 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 0.33 0.32 0.70 0.83 1.71

Techno Ryowa 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 1.14 1.52 1.99 1.71 1.65

TSE:1965 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Techno Ryowa'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.


Techno Ryowa Cyclically Adjusted PS Ratio vs Construction Industry

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

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


TSE:1965
70GF Score
Techno Ryowa Ltd TSE:1965
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Techno Ryowa 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.

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

For example, Techno Ryowa'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)
=1090.04/113.6000*113.6000
=1,090.040

Current CPI (Jun. 2026) = 113.6000.

Techno Ryowa Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 700.874 98.000 812.442
201612 682.300 98.400 787.696
201703 775.285 98.100 897.782
201706 540.231 98.500 623.048
201709 593.655 98.800 682.583
201712 688.081 99.400 786.378
201803 829.545 99.200 949.963
201806 528.302 99.200 604.991
201809 668.236 99.900 759.876
201812 807.865 99.700 920.496
201903 969.713 99.700 1,104.909
201906 605.886 99.800 689.666
201909 733.740 100.100 832.696
201912 657.942 100.500 743.704
202003 752.929 100.300 852.769
202006 516.640 99.900 587.491
202009 586.932 99.900 667.422
202012 685.024 99.300 783.673
202103 707.610 99.900 804.650
202106 553.192 99.500 631.584
202109 612.584 100.100 695.200
202112 666.280 100.100 756.138
202203 781.661 101.100 878.306
202206 595.271 101.800 664.271
202209 613.186 103.100 675.635
202212 741.016 104.100 808.640
202303 853.736 104.400 928.969
202306 666.609 105.200 719.836
202309 789.347 106.200 844.349
202312 894.685 106.800 951.650
202403 1,083.646 107.200 1,148.341
202406 769.224 108.200 807.614
202409 895.418 108.900 934.063
202412 1,047.896 110.700 1,075.348
202503 1,288.973 111.100 1,317.978
202506 974.279 111.700 990.851
202509 1,117.042 112.000 1,133.000
202512 1,280.989 113.000 1,287.791
202603 1,404.490 112.700 1,415.706
202606 1,090.040 113.600 1,090.040

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 Techno Ryowa (TSE:1965) Overvalued in 2026?

Based on GuruFocus' analysis, Techno Ryowa stock appears to be overvalued. The current stock price of 円7,130.00 is trading 93.3% above its estimated GF Value™ of 円3,687.83. GuruFocus considers Techno Ryowa to be Significantly Overvalued.

Key valuation signals for TSE:1965:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円3,687.83 vs. price of 円7,130.00 (93.3% above fair value)
  • GF Score™: 70/100

No single metric tells the full story. See the TSE:1965 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Techno Ryowa Business Description

Address 2-12-8 Shibadaimon, Minato-Ku, Tokyo, JPN, 170-0005
Techno Ryowa Ltd is engaged in the design and installation of thermal and air conditioning equipment for factories and office buildings. It designs, construct, and maintain air conditioning equipment; and plumbing and sanitation facilities in Japan.
70GF Score

Get the complete analysis for TSE:1965

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

円7,130.00
Price
円3,687.83
GF Value