UT Group Co (TSE:2146) Cyclically Adjusted PS Ratio: 0.79 (As of Jul. 28, 2026) — 38% Below Median

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TSE:2146 UT Group Co Ltd TSE:2146
89 GF Score
Price 円185.00
GF Value 円165.98
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is UT Group Co Cyclically Adjusted PS Ratio?

UT Group Co TSE:2146 +2.21% 89 Cyclically Adjusted PS Ratio is 0.79 as of Jul. 28, 2026, which is 38% below its 10-year median of 1.27. GuruFocus rates TSE:2146 with a GF Score™ of 89/100 and a GF Value™ of 円165.98 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 716 Business Services companies, UT Group Co ranks better than 53.49% on this metric.

As of today (2026-07-28), UT Group Co's current share price is 円185.00. UT Group Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円232.82. UT Group Co's Cyclically Adjusted PS Ratio for today is 0.79.

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

TSE:2146' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.27   Max: 3.98
Current: 0.78

During the past years, UT Group Co's highest Cyclically Adjusted PS Ratio was 3.98. The lowest was 0.57. And the median was 1.27.

TSE:2146's Cyclically Adjusted PS Ratio is ranked better than
53.49% of 716 companies
in the Business Services industry
Industry Median: 0.91 vs TSE:2146: 0.78

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.

UT Group Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円68.033. 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232.82 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


UT Group Co  (TSE:2146) 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.


UT Group Co Cyclically Adjusted PS Ratio Related Terms


UT Group Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for UT Group 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.

UT Group Co Cyclically Adjusted PS Ratio Chart

UT Group 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 1.61 1.05 1.34 0.64 0.83

UT Group Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 0.64 0.76 0.82 0.87 0.83

TSE:2146 vs KFY, RHI, TNET: Cyclically Adjusted PS Ratio Comparison

For the Staffing & Employment Services subindustry, UT Group 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.


UT Group Co Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, UT Group Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:2146
89GF Score
UT Group Co Ltd TSE:2146
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

UT Group 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.

UT Group Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=185.00/232.82
=0.79

* 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.

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

For example, UT Group 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)
=68.033/112.7000*112.7000
=68.033

Current CPI (Mar. 2026) = 112.7000.

UT Group Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 23.103 98.100 26.541
201609 26.347 98.000 30.299
201612 24.664 98.400 28.248
201703 26.320 98.100 30.237
201706 30.032 98.500 34.361
201709 32.815 98.800 37.432
201712 35.802 99.400 40.592
201803 35.686 99.200 40.542
201806 39.098 99.200 44.419
201809 40.901 99.900 46.142
201812 44.669 99.700 50.493
201903 42.246 99.700 47.755
201906 42.499 99.800 47.992
201909 42.790 100.100 48.176
201912 41.454 100.500 46.486
202003 40.392 100.300 45.386
202006 42.661 99.900 48.127
202009 44.952 99.900 50.712
202012 48.893 99.300 55.491
202103 53.653 99.900 60.527
202106 58.164 99.500 65.880
202109 61.712 100.100 69.480
202112 68.408 100.100 77.019
202203 70.649 101.100 78.755
202206 68.656 101.800 76.007
202209 70.555 103.100 77.125
202212 72.357 104.100 78.335
202303 70.261 104.400 75.847
202306 64.008 105.200 68.571
202309 65.534 106.200 69.545
202312 70.410 106.800 74.300
202403 65.163 107.200 68.506
202406 68.620 108.200 71.474
202409 70.522 108.900 72.983
202412 74.739 110.700 76.089
202503 91.785 111.100 93.107
202506 68.890 111.700 69.507
202509 68.375 112.000 68.802
202512 69.012 113.000 68.829
202603 68.033 112.700 68.033

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 0.79 mean?
UT Group Co (TSE:2146) has a Cyclically Adjusted PS Ratio of 0.79 as of Jul. 28, 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 UT Group Co and its competitors. This is 38% below median its historical median of 1.27. Over the past decade, UT Group Co's Cyclically Adjusted PS Ratio has ranged from 0.57 to 3.98. According to the industry distribution chart, UT Group Co ranks #333 out of 716 companies in the Business Services industry, placing it in the top 46.5%.
Is UT Group Co's Cyclically Adjusted PS Ratio too high?
UT Group Co's current Cyclically Adjusted PS Ratio of 0.79 is 38% below median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 3.98. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. UT Group Co's value of 0.79 is 13.2% below this industry median. Based on the distribution chart, UT Group Co ranks #333 out of 716 companies in the Business Services industry, which is above the industry midpoint. Overall, UT Group Co has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does UT Group Co's Cyclically Adjusted PS Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, UT Group Co ranks #333 out of 716 companies for Cyclically Adjusted PS Ratio. This puts UT Group Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. UT Group Co's value of 0.79 is 13.2% below this benchmark. Historically, UT Group Co's own Cyclically Adjusted PS Ratio has ranged from 0.57 to 3.98 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 0.91, UT Group 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 716 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. UT Group Co's current Cyclically Adjusted PS Ratio of 0.79 is 13.2% 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 UT Group Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UT Group Co's current Cyclically Adjusted PS Ratio is 0.79, which is 38% below median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UT Group Co stock overvalued right now?
Based on GuruFocus' analysis, UT Group Co (TSE:2146) is currently considered Modestly Overvalued. The stock's GF Value™ is 円165.98, compared to a current price of 円185.00 — trading 11.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.79, which is 38% below median its 10-year median of 1.27 and 13.2% below the Business Services industry median of 0.91. UT Group Co's overall GF Score™ is 89/100 with 3 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 UT Group Co (TSE:2146), the current Cyclically Adjusted PS Ratio is 0.79 as of Jul. 28, 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 UT Group Co (TSE:2146) Overvalued in 2026?

Based on GuruFocus' analysis, UT Group Co stock appears to be overvalued. The current stock price of 円185.00 is trading 11.5% above its estimated GF Value™ of 円165.98. GuruFocus considers UT Group Co to be Modestly Overvalued.

Key valuation signals for TSE:2146:

  • Cyclically Adjusted PS Ratio: 0.79 (38% below median its 10-year median of 1.27)
  • GF Value™: 円165.98 vs. price of 円185.00 (11.5% above fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 13.2% below the Business Services median (#333 of 716)

No single metric tells the full story. See the TSE:2146 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


UT Group Co Business Description

Address 1-11-15 Higashi-Gotanda, Denpa Building. 6th Floor, Shinagawa-ku, Tokyo, JPN, 141-0022
UT Group Co Ltd is engaged in worker dispatch and outsourcing of permanent employees in manufacturing, design, and development, construction, and other sectors. The firm operates in three segments: Manufacturing Business, Solution Business, and Engineering Business.
89GF Score

Get the complete analysis for TSE:2146

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

円185.00
Price
円165.98
GF Value