Persol Holdings Co (TSE:2181) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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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:2181 Persol Holdings Co Ltd TSE:2181
83 GF Score
Price 円291.90
GF Value 円294.03
Valuation Fairly Valued
! 1 Warning Sign
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What is Persol Holdings Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Persol Holdings Co  (TSE:2181) 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.


Persol Holdings Co Cyclically Adjusted PS Ratio Related Terms


Persol Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Persol Holdings 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.

Persol Holdings Co Cyclically Adjusted PS Ratio Chart

Persol Holdings 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 0.92 0.76 0.54 0.54 0.45

Persol Holdings 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 0.59 0.56 0.58 0.45 0.47

TSE:2181 vs RHI, KFY, TNET: Cyclically Adjusted PS Ratio Comparison

For the Staffing & Employment Services subindustry, Persol Holdings 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.


Persol Holdings Co Cyclically Adjusted PS Ratio vs Business Services Industry

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

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


TSE:2181
83GF Score
Persol Holdings Co Ltd TSE:2181
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Persol Holdings 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.

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

For example, Persol Holdings 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)
=189.957/113.6000*113.6000
=189.957

Current CPI (Jun. 2026) = 113.6000.

Persol Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 59.208 98.000 68.633
201612 64.893 98.400 74.917
201703 69.250 98.100 80.192
201706 69.224 98.500 79.836
201709 69.733 98.800 80.179
201712 73.007 99.400 83.437
201803 97.354 99.200 111.486
201806 96.840 99.200 110.897
201809 97.011 99.900 110.315
201812 99.807 99.700 113.722
201903 103.058 99.700 117.426
201906 100.757 99.800 114.689
201909 104.476 100.100 118.566
201912 104.829 100.500 118.493
202003 107.948 100.300 122.262
202006 103.103 99.900 117.242
202009 98.465 99.900 111.968
202012 103.232 99.300 118.098
202103 107.286 99.900 121.999
202106 108.827 99.500 124.249
202109 113.984 100.100 129.356
202112 115.951 100.100 131.589
202203 121.745 101.100 136.798
202206 130.162 101.800 145.250
202209 132.996 103.100 146.541
202212 137.700 104.100 150.266
202303 140.013 104.400 152.351
202306 144.162 105.200 155.673
202309 143.112 106.200 153.084
202312 147.450 106.800 156.838
202403 147.210 107.200 155.999
202406 158.136 108.200 166.028
202409 160.799 108.900 167.739
202412 166.144 110.700 170.496
202503 164.533 111.100 168.235
202506 168.575 111.700 171.442
202509 169.921 112.000 172.348
202512 179.810 113.000 180.765
202603 179.347 112.700 180.779
202606 189.957 113.600 189.957

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 Persol Holdings Co (TSE:2181) Overvalued in 2026?

Based on GuruFocus' analysis, Persol Holdings Co stock appears to be undervalued. The current stock price of 円291.90 is trading 0.7% below its estimated GF Value™ of 円294.03. GuruFocus considers Persol Holdings Co to be Fairly Valued.

Key valuation signals for TSE:2181:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円294.03 vs. price of 円291.90 (0.7% below fair value)
  • GF Score™: 83/100 with 1 warning sign

No single metric tells the full story. See the TSE:2181 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Persol Holdings Co Business Description

Address 2-1-1 Yoyogi, Shibuya-ku, Tokyo, JPN, 151-0053
Persol Holdings Co Ltd is a Japan-based company engaged in the provision of staffing and HR-related services. Its services include temporary staffing, recruitment, media, outsourcing, and job creation in a range of industries. The company's segments include Asia Pacific; Business Process Outsourcing (BPO); Career; Staffing; Technology; and Others. It generates the majority of its revenue from the Staffing segment, which is engaged in the temporary staffing business for a wide range of industries, mainly in the administrative field, mainly in Japan.
83GF Score

Get the complete analysis for TSE:2181

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

円291.90
Price
円294.03
GF Value