Asahi Kogyosha Co (TSE:1975) Cyclically Adjusted PS Ratio: 1.01 (As of Aug. 04, 2026) — 248% 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:1975 Asahi Kogyosha Co Ltd TSE:1975
66 GF Score
Price 円3,740.00
GF Value 円2,098.11
Valuation Significantly Overvalued
View Full Analysis

What is Asahi Kogyosha Co Cyclically Adjusted PS Ratio?

Asahi Kogyosha Co TSE:1975 +0.13% 66 Cyclically Adjusted PS Ratio is 1.01 as of Aug. 04, 2026, which is 248% above its 10-year median of 0.29. GuruFocus rates TSE:1975 with a GF Score™ of 66/100 and a GF Value™ of 円2,098.11 (Significantly Overvalued). Among 1,359 Construction companies, Asahi Kogyosha Co ranks worse than 61.3% on this metric.

As of today (2026-08-04), Asahi Kogyosha Co's current share price is 円3740.00. Asahi Kogyosha Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円3,696.03. Asahi Kogyosha Co's Cyclically Adjusted PS Ratio for today is 1.01.

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

TSE:1975' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.29   Max: 1.31
Current: 1

During the past years, Asahi Kogyosha Co's highest Cyclically Adjusted PS Ratio was 1.31. The lowest was 0.20. And the median was 0.29.

TSE:1975's Cyclically Adjusted PS Ratio is ranked worse than
61.3% of 1359 companies
in the Construction industry
Industry Median: 0.7 vs TSE:1975: 1.00

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.

Asahi Kogyosha Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円1,408.180. 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3,696.03 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asahi Kogyosha Co  (TSE:1975) 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.


Asahi Kogyosha Co Cyclically Adjusted PS Ratio Related Terms


Asahi Kogyosha Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Asahi Kogyosha 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.

Asahi Kogyosha Co Cyclically Adjusted PS Ratio Chart

Asahi Kogyosha Co 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 0.26 0.33 0.49 0.00 0.92

Asahi Kogyosha Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 0.70 0.87 0.95 0.92

TSE:1975 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Asahi Kogyosha 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.


Asahi Kogyosha Co Cyclically Adjusted PS Ratio vs Construction Industry

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

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


TSE:1975
66GF Score
Asahi Kogyosha Co Ltd TSE:1975
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asahi Kogyosha 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.

Asahi Kogyosha Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3740.00/3696.03
=1.01

* 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.

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

For example, Asahi Kogyosha Co'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)
=1408.18/112.7000*112.7000
=1,408.180

Current CPI (Mar. 2026) = 112.7000.

Asahi Kogyosha Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 987.317 97.900 1,136.574
201606 701.417 98.100 805.807
201609 730.408 98.000 839.969
201612 694.747 98.400 795.711
201703 994.363 98.100 1,142.352
201706 643.204 98.500 735.930
201709 769.261 98.800 877.487
201712 852.490 99.400 966.556
201803 1,065.103 99.200 1,210.051
201806 727.995 99.200 827.067
201809 815.142 99.900 919.585
201812 785.664 99.700 888.108
201903 1,154.719 99.700 1,305.284
201906 897.964 99.800 1,014.033
201909 1,041.185 100.100 1,172.243
201912 944.447 100.500 1,059.096
202003 1,186.666 100.300 1,333.372
202006 627.721 99.900 708.150
202009 568.274 99.900 641.086
202012 646.875 99.300 734.167
202103 910.128 99.900 1,026.741
202106 534.411 99.500 605.308
202109 574.292 100.100 646.581
202112 687.778 100.100 774.351
202203 887.248 101.100 989.049
202206 525.450 101.800 581.711
202209 697.003 103.100 761.903
202212 874.625 104.100 946.880
202303 1,023.270 104.400 1,104.622
202306 748.073 105.200 801.405
202309 885.322 106.200 939.508
202312 928.399 106.800 979.687
202403 1,002.526 107.200 1,053.962
202406 718.241 108.200 748.112
202409 855.340 108.900 885.187
202503 0.000 111.100 0.000
202506 686.485 111.700 692.631
202509 922.480 112.000 928.246
202512 1,052.415 113.000 1,049.621
202603 1,408.180 112.700 1,408.180

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 1.01 mean?
Asahi Kogyosha Co (TSE:1975) has a Cyclically Adjusted PS Ratio of 1.01 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 Asahi Kogyosha Co and its competitors. This is 248% above median its historical median of 0.29. Over the past decade, Asahi Kogyosha Co's Cyclically Adjusted PS Ratio has ranged from 0.20 to 1.31. According to the industry distribution chart, Asahi Kogyosha Co ranks #833 out of 1359 companies in the Construction industry, placing it in the top 61.3%.
Is Asahi Kogyosha Co's Cyclically Adjusted PS Ratio too high?
Asahi Kogyosha Co's current Cyclically Adjusted PS Ratio of 1.01 is 248% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.31. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Asahi Kogyosha Co's value of 1.01 is 44.3% above this industry median. Based on the distribution chart, Asahi Kogyosha Co ranks #833 out of 1359 companies in the Construction industry, which is below the industry midpoint. Overall, Asahi Kogyosha Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Kogyosha Co's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Asahi Kogyosha Co ranks #833 out of 1359 companies for Cyclically Adjusted PS Ratio. This places Asahi Kogyosha Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Asahi Kogyosha Co's value of 1.01 is 44.3% above this benchmark. Historically, Asahi Kogyosha Co's own Cyclically Adjusted PS Ratio has ranged from 0.20 to 1.31 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.70, Asahi Kogyosha Co 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. Asahi Kogyosha Co's current Cyclically Adjusted PS Ratio of 1.01 is 44.3% 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 Asahi Kogyosha Co 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. Asahi Kogyosha Co's current Cyclically Adjusted PS Ratio is 1.01, which is 248% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Kogyosha Co stock overvalued right now?
Based on GuruFocus' analysis, Asahi Kogyosha Co (TSE:1975) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,098.11, compared to a current price of 円3,740.00 — trading 78.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.01, which is 248% above median its 10-year median of 0.29 and 44.3% above the Construction industry median of 0.70. Asahi Kogyosha Co'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 Asahi Kogyosha Co (TSE:1975), the current Cyclically Adjusted PS Ratio is 1.01 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 Asahi Kogyosha Co (TSE:1975) Overvalued in 2026?

Based on GuruFocus' analysis, Asahi Kogyosha Co stock appears to be overvalued. The current stock price of 円3,740.00 is trading 78.3% above its estimated GF Value™ of 円2,098.11. GuruFocus considers Asahi Kogyosha Co to be Significantly Overvalued.

Key valuation signals for TSE:1975:

  • Cyclically Adjusted PS Ratio: 1.01 (248% above median its 10-year median of 0.29)
  • GF Value™: 円2,098.11 vs. price of 円3,740.00 (78.3% above fair value)
  • GF Score™: 66/100
  • Industry Position: 44.3% above the Construction median (#833 of 1359)

No single metric tells the full story. See the TSE:1975 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asahi Kogyosha Co Business Description

Address 1-25-7 Hamamatsucho, Minato-Ku, Tokyo, JPN, 105-8543
Asahi Kogyosha Co Ltd is a Japan-based company. It mainly designs, supervises, and constructs air conditioning and sanitary equipment. Along with its subsidiaries, the company operates in the following reportable segments; Facility construction and Equipment manufacturing and sales. A majority of its revenue is derived from the facility construction business, which is involved in the planning, design, and construction of air conditioning, water supply, drainage, and sanitary facilities. The equipment manufacturing and sales business is engaged in the manufacturing and sale of environmental equipment for the semiconductor, FPD, and electronics industries and also manufactures air conditioning-related equipment in cooperation with construction companies.
66GF Score

Get the complete analysis for TSE:1975

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

円3,740.00
Price
円2,098.11
GF Value