Artner Co (TSE:2163) Cyclically Adjusted PS Ratio: 2.32 (As of Aug. 03, 2026) — 27% 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:2163 Artner Co Ltd TSE:2163
90 GF Score
Price 円949.00
GF Value 円1,130.37
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Artner Co Cyclically Adjusted PS Ratio?

Artner Co TSE:2163 -0.21% 90 Cyclically Adjusted PS Ratio is 2.32 as of Aug. 03, 2026, which is 27% above its 10-year median of 1.82. GuruFocus rates TSE:2163 with a GF Score™ of 90/100 and a GF Value™ of 円1,130.37 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 718 Business Services companies, Artner Co ranks worse than 76.74% on this metric.

As of today (2026-08-03), Artner Co's current share price is 円949.00. Artner Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2026 was 円409.70. Artner Co's Cyclically Adjusted PS Ratio for today is 2.32.

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

TSE:2163' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.82   Max: 3.69
Current: 2.32

During the past years, Artner Co's highest Cyclically Adjusted PS Ratio was 3.69. The lowest was 1.01. And the median was 1.82.

TSE:2163's Cyclically Adjusted PS Ratio is ranked worse than
76.74% of 718 companies
in the Business Services industry
Industry Median: 0.91 vs TSE:2163: 2.32

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.

Artner Co's adjusted revenue per share data for the three months ended in Jan. 2026 was 円148.046. 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409.70 for the trailing ten years ended in Jan. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Artner Co  (TSE:2163) 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.


Artner Co Cyclically Adjusted PS Ratio Related Terms


Artner Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Artner 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.

Artner Co Cyclically Adjusted PS Ratio Chart

Artner Co Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 1.63 3.26 0.00 2.53

Artner Co Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 2.47 2.43 2.46 2.53 0.00

TSE:2163 vs KFY, RHI, TNET: Cyclically Adjusted PS Ratio Comparison

For the Staffing & Employment Services subindustry, Artner 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.


Artner Co Cyclically Adjusted PS Ratio vs Business Services Industry

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

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


TSE:2163
90GF Score
Artner Co Ltd TSE:2163
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Artner 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=949.00/409.70
=2.32

* 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.

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

For example, Artner Co's adjusted Revenue per Share data for the three months ended in Jan. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=148.046/112.9000*112.9000
=148.046

Current CPI (Jan. 2026) = 112.9000.

Artner Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201601 55.322 97.700 63.929
201604 60.085 98.100 69.150
201607 60.519 97.900 69.792
201610 60.556 98.600 69.338
201701 61.324 98.200 70.504
201704 65.073 98.500 74.586
201707 68.062 98.300 78.171
201710 68.996 98.800 78.843
201801 69.144 99.500 78.456
201804 70.569 99.100 80.396
201807 74.571 99.200 84.870
201810 77.117 100.200 86.891
201901 75.684 99.700 85.704
201904 76.159 100.000 85.984
201907 83.010 99.800 93.906
201910 84.264 100.400 94.755
202001 86.066 100.500 96.685
202004 88.226 100.200 99.408
202007 83.737 100.000 94.539
202010 81.912 99.800 92.664
202101 83.743 99.800 94.735
202104 94.285 99.100 107.414
202107 93.028 99.700 105.345
202110 94.870 99.900 107.215
202201 99.117 100.300 111.568
202204 105.053 101.500 116.852
202207 107.782 102.300 118.950
202210 111.463 103.700 121.352
202301 110.616 104.700 119.279
202304 117.343 105.100 126.052
202307 118.253 105.700 126.308
202310 119.867 107.100 126.358
202401 120.304 106.900 127.056
202404 124.515 107.700 130.527
202407 131.828 108.600 137.048
202501 0.000 111.200 0.000
202504 134.002 111.500 135.685
202507 142.517 111.900 143.791
202510 142.304 112.800 142.430
202601 148.046 112.900 148.046

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 2.32 mean?
Artner Co (TSE:2163) has a Cyclically Adjusted PS Ratio of 2.32 as of Aug. 03, 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 Artner Co and its competitors. This is 27% above median its historical median of 1.82. Over the past decade, Artner Co's Cyclically Adjusted PS Ratio has ranged from 1.01 to 3.69. According to the industry distribution chart, Artner Co ranks #551 out of 718 companies in the Business Services industry, placing it in the top 76.7%.
Is Artner Co's Cyclically Adjusted PS Ratio too high?
Artner Co's current Cyclically Adjusted PS Ratio of 2.32 is 27% above median its 10-year median of 1.82. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 3.69. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. Artner Co's value of 2.32 is 154.9% above this industry median. Based on the distribution chart, Artner Co ranks #551 out of 718 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Artner Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Artner Co's Cyclically Adjusted PS Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, Artner Co ranks #551 out of 718 companies for Cyclically Adjusted PS Ratio. This places Artner Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Artner Co's value of 2.32 is 154.9% above this benchmark. Historically, Artner Co's own Cyclically Adjusted PS Ratio has ranged from 1.01 to 3.69 over the past decade. While the company's 10-year median is 1.82 vs. the industry median of 0.91, Artner 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 718 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. Artner Co's current Cyclically Adjusted PS Ratio of 2.32 is 154.9% 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 Artner 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. Artner Co's current Cyclically Adjusted PS Ratio is 2.32, which is 27% above median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artner Co stock overvalued right now?
Based on GuruFocus' analysis, Artner Co (TSE:2163) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,130.37, compared to a current price of 円949.00 — trading 16% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.32, which is 27% above median its 10-year median of 1.82 and 154.9% above the Business Services industry median of 0.91. Artner Co's overall GF Score™ is 90/100 with 2 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 Artner Co (TSE:2163), the current Cyclically Adjusted PS Ratio is 2.32 as of Aug. 03, 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 Artner Co (TSE:2163) Overvalued in 2026?

Based on GuruFocus' analysis, Artner Co stock appears to be undervalued. The current stock price of 円949.00 is trading 16% below its estimated GF Value™ of 円1,130.37. GuruFocus considers Artner Co to be Modestly Undervalued.

Key valuation signals for TSE:2163:

  • Cyclically Adjusted PS Ratio: 2.32 (27% above median its 10-year median of 1.82)
  • GF Value™: 円1,130.37 vs. price of 円949.00 (16% below fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 154.9% above the Business Services median (#551 of 718)

No single metric tells the full story. See the TSE:2163 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Artner Co Business Description

Address 2-18 Nakanoshima 3-chome, Sumitomo Nakanoshima Building, 2nd Floor, Kita-ku, Tokyo, JPN, 530-0005
Artner Co Ltd provides technical outsourcing services. It is engaged in the engineer dispatch business, which involves providing specialized skills through design engineers in areas such as software (development of software to be incorporated into IoT devices and application software for network systems), electricity and electronics (design of circuit boards, which are the heart of devices and equipment, and reliability assessment), and machinery (design of mechanisms that make machines work using 2D CAD and 3D CAD), thereby supporting the design and development departments of client companies. Additionally, the company also takes part in contract and outsourcing business, accepting design and development work from client companies.
90GF Score

Get the complete analysis for TSE:2163

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

円949.00
Price
円1,130.37
GF Value