E J Holdings (TSE:2153) Cyclically Adjusted PS Ratio: 0.69 (As of Jul. 23, 2026) — 13% 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:2153 E J Holdings Inc TSE:2153
59 GF Score
Price 円1,735.00
GF Value 円1,772.66
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is E J Holdings Cyclically Adjusted PS Ratio?

E J Holdings TSE:2153 -1.25% 59 Cyclically Adjusted PS Ratio is 0.69 as of Jul. 23, 2026, which is 13% above its 10-year median of 0.61. GuruFocus rates TSE:2153 with a GF Score™ of 59/100 and a GF Value™ of 円1,772.66 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,358 Construction companies, E J Holdings ranks better than 50.52% on this metric.

As of today (2026-07-23), E J Holdings's current share price is 円1735.00. E J Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was 円2,506.47. E J Holdings's Cyclically Adjusted PS Ratio for today is 0.69.

The historical rank and industry rank for E J Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSE:2153' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.61   Max: 0.82
Current: 0.7

During the past years, E J Holdings's highest Cyclically Adjusted PS Ratio was 0.82. The lowest was 0.20. And the median was 0.61.

TSE:2153's Cyclically Adjusted PS Ratio is ranked better than
50.52% of 1358 companies
in the Construction industry
Industry Median: 0.7 vs TSE:2153: 0.70

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.

E J Holdings's adjusted revenue per share data for the three months ended in Feb. 2026 was 円560.937. 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2,506.47 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


E J Holdings  (TSE:2153) 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.


E J Holdings Cyclically Adjusted PS Ratio Related Terms


E J Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for E J Holdings'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.

E J Holdings Cyclically Adjusted PS Ratio Chart

E J Holdings Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.66 0.77 0.64 0.00

E J Holdings Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.72 0.68 0.77 0.00

TSE:2153 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, E J Holdings'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.


E J Holdings Cyclically Adjusted PS Ratio vs Construction Industry

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

* The bar in red indicates where E J Holdings's Cyclically Adjusted PS Ratio falls into.


TSE:2153
59GF Score
E J Holdings Inc TSE:2153
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

E J Holdings 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.

E J Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1735.00/2506.47
=0.69

* 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.

E J Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, E J Holdings's adjusted Revenue per Share data for the three months ended in Feb. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=560.937/112.2000*112.2000
=560.937

Current CPI (Feb. 2026) = 112.2000.

E J Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201605 1,350.348 98.200 1,542.862
201608 91.725 97.900 105.123
201611 229.617 98.600 261.288
201702 272.474 98.100 311.637
201705 1,407.753 98.600 1,601.926
201708 170.296 98.500 193.982
201711 310.801 99.100 351.886
201802 399.913 99.500 450.957
201805 1,368.151 99.300 1,545.887
201808 143.540 99.800 161.375
201811 204.866 100.000 229.860
201902 328.759 99.700 369.978
201905 1,259.616 100.000 1,413.289
201908 188.277 100.000 211.247
201911 280.430 100.500 313.077
202002 382.474 100.300 427.852
202005 1,382.671 100.100 1,549.807
202008 254.134 100.100 284.853
202011 282.511 99.500 318.570
202102 411.181 99.800 462.270
202105 1,264.259 99.400 1,427.061
202108 235.239 99.700 264.732
202111 297.942 100.100 333.957
202202 411.978 100.700 459.026
202205 1,387.233 101.800 1,528.954
202208 233.622 102.700 255.233
202211 308.608 103.900 333.261
202302 496.257 104.000 535.385
202305 1,361.676 105.100 1,453.664
202308 205.195 105.900 217.402
202311 297.959 106.900 312.732
202402 527.041 106.900 553.171
202405 1,343.367 108.100 1,394.318
202408 196.594 109.100 202.180
202411 287.526 110.000 293.277
202502 568.115 110.800 575.293
202505 1,668.960 111.800 1,674.931
202508 246.989 112.100 247.209
202511 337.224 113.200 334.245
202602 560.937 112.200 560.937

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 0.69 mean?
E J Holdings (TSE:2153) has a Cyclically Adjusted PS Ratio of 0.69 as of Jul. 23, 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 E J Holdings and its competitors. This is 13% above median its historical median of 0.61. Over the past decade, E J Holdings' Cyclically Adjusted PS Ratio has ranged from 0.20 to 0.82. According to the industry distribution chart, E J Holdings ranks #672 out of 1358 companies in the Construction industry, placing it in the top 49.5%.
Is E J Holdings' Cyclically Adjusted PS Ratio too high?
E J Holdings' current Cyclically Adjusted PS Ratio of 0.69 is 13% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.82. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. E J Holdings' value of 0.69 is 1.4% below this industry median. Based on the distribution chart, E J Holdings ranks #672 out of 1358 companies in the Construction industry, which is above the industry midpoint. Overall, E J Holdings has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does E J Holdings' Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, E J Holdings ranks #672 out of 1358 companies for Cyclically Adjusted PS Ratio. This puts E J Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. E J Holdings' value of 0.69 is 1.4% below this benchmark. Historically, E J Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.20 to 0.82 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.70, E J Holdings 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,358 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. E J Holdings's current Cyclically Adjusted PS Ratio of 0.69 is 1.4% 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 E J Holdings 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. E J Holdings's current Cyclically Adjusted PS Ratio is 0.69, which is 13% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is E J Holdings stock overvalued right now?
Based on GuruFocus' analysis, E J Holdings (TSE:2153) is currently considered Fairly Valued. The stock's GF Value™ is 円1,772.66, compared to a current price of 円1,735.00 — trading 2.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.69, which is 13% above median its 10-year median of 0.61 and 1.4% below the Construction industry median of 0.70. E J Holdings' overall GF Score™ is 59/100 with 5 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 E J Holdings (TSE:2153), the current Cyclically Adjusted PS Ratio is 0.69 as of Jul. 23, 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 E J Holdings (TSE:2153) Overvalued in 2026?

Based on GuruFocus' analysis, E J Holdings stock appears to be undervalued. The current stock price of 円1,735.00 is trading 2.1% below its estimated GF Value™ of 円1,772.66. GuruFocus considers E J Holdings to be Fairly Valued.

Key valuation signals for TSE:2153:

  • Cyclically Adjusted PS Ratio: 0.69 (13% above median its 10-year median of 0.61)
  • GF Value™: 円1,772.66 vs. price of 円1,735.00 (2.1% below fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 1.4% below the Construction median (#672 of 1358)

No single metric tells the full story. See the TSE:2153 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


E J Holdings Business Description

Address 3 - chome 1-21 Tsujima - kyo cho Kita - ku, Okayama, JPN, 700 - 0087
E J Holdings Inc is a business service provider. The business of the company includes planning, managing, and supervising business execution of affiliated companies, and oversee the management of entire group.
59GF Score

Get the complete analysis for TSE:2153

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

円1,735.00
Price
円1,772.66
GF Value