UT Group Co (TSE:2146) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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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:2146 UT Group Co Ltd TSE:2146
83 GF Score
Price 円241.00
GF Value 円167.35
Valuation Significantly Overvalued
! 5 Warning Signs
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What is UT Group Co Cyclically Adjusted PS Ratio?

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 1.62 1.07 1.35 0.65 0.84

UT Group Co 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 0.76 0.82 0.87 0.84 0.73

TSE:2146 vs RHI, KFY, 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
83GF 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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, UT Group Co'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)
=70.223/113.6000*113.6000
=70.223

Current CPI (Jun. 2026) = 113.6000.

UT Group Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 24.061 98.000 27.891
201612 24.643 98.400 28.450
201703 26.148 98.100 30.279
201706 30.014 98.500 34.615
201709 32.801 98.800 37.715
201712 35.809 99.400 40.925
201803 35.702 99.200 40.885
201806 39.099 99.200 44.775
201809 40.924 99.900 46.536
201812 44.670 99.700 50.898
201903 42.247 99.700 48.137
201906 42.500 99.800 48.377
201909 42.790 100.100 48.561
201912 41.454 100.500 46.857
202003 40.392 100.300 45.748
202006 42.661 99.900 48.511
202009 44.952 99.900 51.117
202012 48.893 99.300 55.934
202103 53.653 99.900 61.011
202106 58.164 99.500 66.406
202109 61.712 100.100 70.035
202112 68.408 100.100 77.634
202203 70.649 101.100 79.384
202206 68.656 101.800 76.614
202209 70.555 103.100 77.741
202212 72.357 104.100 78.960
202303 63.776 104.400 69.396
202306 63.997 105.200 69.107
202309 65.707 106.200 70.285
202312 70.010 106.800 74.468
202403 62.469 107.200 66.198
202406 68.620 108.200 72.045
202409 71.330 108.900 74.409
202412 77.108 110.700 79.128
202503 97.328 111.100 99.518
202506 68.891 111.700 70.063
202509 68.198 112.000 69.172
202512 68.768 113.000 69.133
202603 67.629 112.700 68.169
202606 70.223 113.600 70.223

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 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241.00 is trading 44% above its estimated GF Value™ of 円167.35. GuruFocus considers UT Group Co to be Significantly Overvalued.

Key valuation signals for TSE:2146:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円167.35 vs. price of 円241.00 (44% above fair value)
  • GF Score™: 83/100 with 5 warning signs

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.
83GF 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241.00
Price
円167.35
GF Value