Pasona Group (TSE:2168) Cyclically Adjusted PS Ratio: 0.17 (As of Jul. 29, 2026) — 29% Below Median

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TSE:2168 Pasona Group Inc TSE:2168
50 GF Score
Price 円1,611.00
GF Value 円2,005.24
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Pasona Group Cyclically Adjusted PS Ratio?

Pasona Group TSE:2168 +1.96% 50 Cyclically Adjusted PS Ratio is 0.17 as of Jul. 29, 2026, which is 29% below its 10-year median of 0.24. GuruFocus rates TSE:2168 with a GF Score™ of 50/100 and a GF Value™ of 円2,005.24 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 716 Business Services companies, Pasona Group ranks better than 87.57% on this metric.

As of today (2026-07-29), Pasona Group's current share price is 円1611.00. Pasona Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was 円9,233.05. Pasona Group's Cyclically Adjusted PS Ratio for today is 0.17.

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

TSE:2168' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.24   Max: 0.52
Current: 0.17

During the past years, Pasona Group's highest Cyclically Adjusted PS Ratio was 0.52. The lowest was 0.11. And the median was 0.24.

TSE:2168's Cyclically Adjusted PS Ratio is ranked better than
87.57% of 716 companies
in the Business Services industry
Industry Median: 0.91 vs TSE:2168: 0.17

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.

Pasona Group's adjusted revenue per share data for the three months ended in Feb. 2026 was 円1,986.877. 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9,233.05 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pasona Group  (TSE:2168) 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.


Pasona Group Cyclically Adjusted PS Ratio Related Terms


Pasona Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pasona Group'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.

Pasona Group Cyclically Adjusted PS Ratio Chart

Pasona Group 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 0.27 0.21 0.25 0.25 0.00

Pasona Group 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 0.25 0.23 0.21 0.22 0.00

TSE:2168 vs KFY, RHI, TNET: Cyclically Adjusted PS Ratio Comparison

For the Staffing & Employment Services subindustry, Pasona Group'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.


Pasona Group Cyclically Adjusted PS Ratio vs Business Services Industry

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

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


TSE:2168
50GF Score
Pasona Group Inc TSE:2168
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pasona Group 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1611.00/9233.05
=0.17

* 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.

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

For example, Pasona Group'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)
=1986.877/112.2000*112.2000
=1,986.877

Current CPI (Feb. 2026) = 112.2000.

Pasona Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201605 1,883.251 98.200 2,151.739
201608 1,880.919 97.900 2,155.660
201611 1,837.585 98.600 2,091.045
201702 1,864.129 98.100 2,132.062
201705 2,035.347 98.600 2,316.085
201708 1,968.593 98.500 2,242.397
201711 2,123.536 99.100 2,404.246
201802 2,121.091 99.500 2,391.823
201805 2,115.222 99.300 2,390.009
201808 2,122.305 99.800 2,385.998
201811 2,088.852 100.000 2,343.692
201902 2,009.947 99.700 2,261.946
201905 2,135.904 100.000 2,396.484
201908 2,035.638 100.000 2,283.986
201911 2,086.180 100.500 2,329.049
202002 1,981.609 100.300 2,216.715
202005 2,189.283 100.100 2,453.922
202008 2,192.223 100.100 2,457.217
202011 2,022.614 99.500 2,280.777
202102 2,037.967 99.800 2,291.181
202105 2,296.175 99.400 2,591.860
202108 2,348.551 99.700 2,643.003
202111 2,313.306 100.100 2,592.936
202202 2,257.355 100.700 2,515.146
202205 2,430.719 101.800 2,679.044
202208 2,348.982 102.700 2,566.269
202211 2,338.482 103.900 2,525.290
202302 2,374.405 104.000 2,561.618
202305 2,420.108 105.100 2,583.598
202308 2,201.347 105.900 2,332.305
202311 1,879.479 106.900 1,972.662
202402 2,201.006 106.900 2,310.130
202405 2,326.783 108.100 2,415.033
202408 1,947.711 109.100 2,003.054
202411 1,980.176 110.000 2,019.780
202502 1,914.388 110.800 1,938.577
202505 2,057.818 111.800 2,065.180
202508 2,021.936 112.100 2,023.740
202511 2,046.491 113.200 2,028.412
202602 1,986.877 112.200 1,986.877

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 0.17 mean?
Pasona Group (TSE:2168) has a Cyclically Adjusted PS Ratio of 0.17 as of Jul. 29, 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 Pasona Group and its competitors. This is 29% below median its historical median of 0.24. Over the past decade, Pasona Group's Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.52. According to the industry distribution chart, Pasona Group ranks #89 out of 716 companies in the Business Services industry, placing it in the top 12.4%.
Is Pasona Group's Cyclically Adjusted PS Ratio too high?
Pasona Group's current Cyclically Adjusted PS Ratio of 0.17 is 29% below median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.52. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. Pasona Group's value of 0.17 is 81.3% below this industry median. Based on the distribution chart, Pasona Group ranks #89 out of 716 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Pasona Group has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pasona Group's Cyclically Adjusted PS Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, Pasona Group ranks #89 out of 716 companies for Cyclically Adjusted PS Ratio. This places Pasona Group in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.91. Pasona Group's value of 0.17 is 81.3% below this benchmark. Historically, Pasona Group's own Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.52 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.91, Pasona Group 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. Pasona Group's current Cyclically Adjusted PS Ratio of 0.17 is 81.3% 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 Pasona Group 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. Pasona Group's current Cyclically Adjusted PS Ratio is 0.17, which is 29% below median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pasona Group stock overvalued right now?
Based on GuruFocus' analysis, Pasona Group (TSE:2168) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,005.24, compared to a current price of 円1,611.00 — trading 19.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.17, which is 29% below median its 10-year median of 0.24 and 81.3% below the Business Services industry median of 0.91. Pasona Group's overall GF Score™ is 50/100 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 Pasona Group (TSE:2168), the current Cyclically Adjusted PS Ratio is 0.17 as of Jul. 29, 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 Pasona Group (TSE:2168) Overvalued in 2026?

Based on GuruFocus' analysis, Pasona Group stock appears to be undervalued. The current stock price of 円1,611.00 is trading 19.7% below its estimated GF Value™ of 円2,005.24. GuruFocus considers Pasona Group to be Modestly Undervalued.

Key valuation signals for TSE:2168:

  • Cyclically Adjusted PS Ratio: 0.17 (29% below median its 10-year median of 0.24)
  • GF Value™: 円2,005.24 vs. price of 円1,611.00 (19.7% below fair value)
  • GF Score™: 50/100 with 3 warning signs
  • Industry Position: 81.3% below the Business Services median (#89 of 716)

No single metric tells the full story. See the TSE:2168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pasona Group Business Description

Address 1-5-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8228
Pasona Group Inc provides human resource related support services. Its segments are BPO Solutions, Expert Solutions, Career Solutions, Global Solutions, Life Solutions, and Regional Revitalization and Tourism Solutions.
50GF Score

Get the complete analysis for TSE:2168

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

円1,611.00
Price
円2,005.24
GF Value