Kitahama Capital Partners Co (TSE:2134) Cyclically Adjusted PS Ratio: 2.48 (As of Jul. 31, 2026) — 235% 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:2134 Kitahama Capital Partners Co Ltd TSE:2134
49 GF Score
Price 円24.00
GF Value 円33.57
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Kitahama Capital Partners Co Cyclically Adjusted PS Ratio?

Kitahama Capital Partners Co TSE:2134 49 Cyclically Adjusted PS Ratio is 2.48 as of Jul. 31, 2026, which is 235% above its 10-year median of 0.74. GuruFocus rates TSE:2134 with a GF Score™ of 49/100 and a GF Value™ of 円33.57 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 907 Asset Management companies, Kitahama Capital Partners Co ranks better than 79.05% on this metric.

As of today (2026-07-31), Kitahama Capital Partners Co's current share price is 円24.00. Kitahama Capital Partners Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円9.66. Kitahama Capital Partners Co's Cyclically Adjusted PS Ratio for today is 2.48.

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

TSE:2134' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.74   Max: 7.16
Current: 2.59

During the past years, Kitahama Capital Partners Co's highest Cyclically Adjusted PS Ratio was 7.16. The lowest was 0.40. And the median was 0.74.

TSE:2134's Cyclically Adjusted PS Ratio is ranked better than
79.05% of 907 companies
in the Asset Management industry
Industry Median: 7.57 vs TSE:2134: 2.59

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.

Kitahama Capital Partners Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円3.073. 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9.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kitahama Capital Partners Co  (TSE:2134) 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.


Kitahama Capital Partners Co Cyclically Adjusted PS Ratio Related Terms


Kitahama Capital Partners Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kitahama Capital Partners 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.

Kitahama Capital Partners Co Cyclically Adjusted PS Ratio Chart

Kitahama Capital Partners 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 0.72 0.62 1.21 0.00 3.00

Kitahama Capital Partners 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 8.39 3.99 2.91 3.00

TSE:2134 vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Kitahama Capital Partners 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.


Kitahama Capital Partners Co Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Kitahama Capital Partners Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Kitahama Capital Partners Co's Cyclically Adjusted PS Ratio falls into.


TSE:2134
49GF Score
Kitahama Capital Partners Co Ltd TSE:2134
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kitahama Capital Partners 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.

Kitahama Capital Partners Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=24.00/9.66
=2.48

* 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.

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

For example, Kitahama Capital Partners 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)
=3.073/112.7000*112.7000
=3.073

Current CPI (Mar. 2026) = 112.7000.

Kitahama Capital Partners Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 3.230 97.900 3.718
201606 5.067 98.100 5.821
201609 3.185 98.000 3.663
201612 4.058 98.400 4.648
201703 1.517 98.100 1.743
201706 10.349 98.500 11.841
201709 2.752 98.800 3.139
201712 2.513 99.400 2.849
201803 1.390 99.200 1.579
201806 1.880 99.200 2.136
201809 2.184 99.900 2.464
201812 12.663 99.700 14.314
201903 2.559 99.700 2.893
201906 2.340 99.800 2.642
201909 3.418 100.100 3.848
201912 2.287 100.500 2.565
202003 0.848 100.300 0.953
202006 0.933 99.900 1.053
202009 1.820 99.900 2.053
202012 1.955 99.300 2.219
202103 1.773 99.900 2.000
202106 1.076 99.500 1.219
202109 0.743 100.100 0.837
202112 1.071 100.100 1.206
202203 0.977 101.100 1.089
202206 0.799 101.800 0.885
202209 0.973 103.100 1.064
202212 0.955 104.100 1.034
202303 0.450 104.400 0.486
202306 0.640 105.200 0.686
202309 0.501 106.200 0.532
202312 0.342 106.800 0.361
202403 0.181 107.200 0.190
202406 1.356 108.200 1.412
202409 1.305 108.900 1.351
202503 0.000 111.100 0.000
202506 0.078 111.700 0.079
202509 0.059 112.000 0.059
202512 0.502 113.000 0.501
202603 3.073 112.700 3.073

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 2.48 mean?
Kitahama Capital Partners Co (TSE:2134) has a Cyclically Adjusted PS Ratio of 2.48 as of Jul. 31, 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 Kitahama Capital Partners Co and its competitors. This is 235% above median its historical median of 0.74. Over the past decade, Kitahama Capital Partners Co's Cyclically Adjusted PS Ratio has ranged from 0.40 to 7.16. According to the industry distribution chart, Kitahama Capital Partners Co ranks #190 out of 907 companies in the Asset Management industry, placing it in the top 20.9%.
Is Kitahama Capital Partners Co's Cyclically Adjusted PS Ratio too high?
Kitahama Capital Partners Co's current Cyclically Adjusted PS Ratio of 2.48 is 235% above median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 7.16. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.57. Kitahama Capital Partners Co's value of 2.48 is 67.2% below this industry median. Based on the distribution chart, Kitahama Capital Partners Co ranks #190 out of 907 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Kitahama Capital Partners Co has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kitahama Capital Partners Co's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Kitahama Capital Partners Co ranks #190 out of 907 companies for Cyclically Adjusted PS Ratio. This places Kitahama Capital Partners Co in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 7.57. Kitahama Capital Partners Co's value of 2.48 is 67.2% below this benchmark. Historically, Kitahama Capital Partners Co's own Cyclically Adjusted PS Ratio has ranged from 0.40 to 7.16 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 7.57, Kitahama Capital Partners 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 an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.57, based on 907 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. Kitahama Capital Partners Co's current Cyclically Adjusted PS Ratio of 2.48 is 67.2% 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 Kitahama Capital Partners Co and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kitahama Capital Partners Co's current Cyclically Adjusted PS Ratio is 2.48, which is 235% above median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kitahama Capital Partners Co stock overvalued right now?
Based on GuruFocus' analysis, Kitahama Capital Partners Co (TSE:2134) is currently considered Modestly Undervalued. The stock's GF Value™ is 円33.57, compared to a current price of 円24.00 — trading 28.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.48, which is 235% above median its 10-year median of 0.74 and 67.2% below the Asset Management industry median of 7.57. Kitahama Capital Partners Co's overall GF Score™ is 49/100 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 Kitahama Capital Partners Co (TSE:2134), the current Cyclically Adjusted PS Ratio is 2.48 as of Jul. 31, 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 Kitahama Capital Partners Co (TSE:2134) Overvalued in 2026?

Based on GuruFocus' analysis, Kitahama Capital Partners Co stock appears to be undervalued. The current stock price of 円24.00 is trading 28.5% below its estimated GF Value™ of 円33.57. GuruFocus considers Kitahama Capital Partners Co to be Modestly Undervalued.

Key valuation signals for TSE:2134:

  • Cyclically Adjusted PS Ratio: 2.48 (235% above median its 10-year median of 0.74)
  • GF Value™: 円33.57 vs. price of 円24.00 (28.5% below fair value)
  • GF Score™: 49/100 with 6 warning signs
  • Industry Position: 67.2% below the Asset Management median (#190 of 907)

No single metric tells the full story. See the TSE:2134 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kitahama Capital Partners Co Business Description

Address 8th floor Kitahama Business Hall, 1-17 Kitahama 2-chome, Chuo-ku, Osaka, JPN, 541-0041
Kitahama Capital Partners Co Ltd is engaged in Investment Business.
49GF Score

Get the complete analysis for TSE:2134

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

円24.00
Price
円33.57
GF Value