Iwatsuka Confectionery Co (TSE:2221) Cyclically Adjusted PS Ratio: 1.34 (As of Aug. 14, 2026) — 23% 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:2221 Iwatsuka Confectionery Co Ltd TSE:2221
71 GF Score
Price 円3,050.00
GF Value 円3,364.30
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Iwatsuka Confectionery Co Cyclically Adjusted PS Ratio?

Iwatsuka Confectionery Co TSE:2221 -0.33% 71 Cyclically Adjusted PS Ratio is 1.34 as of Aug. 14, 2026, which is 23% above its 10-year median of 1.09. GuruFocus rates TSE:2221 with a GF Score™ of 71/100 and a GF Value™ of 円3,364.30 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,447 Consumer Packaged Goods companies, Iwatsuka Confectionery Co ranks worse than 66.76% on this metric.

As of today (2026-08-14), Iwatsuka Confectionery Co's current share price is 円3050.00. Iwatsuka Confectionery Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,274.32. Iwatsuka Confectionery Co's Cyclically Adjusted PS Ratio for today is 1.34.

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

TSE:2221' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.09   Max: 1.41
Current: 1.35

During the past years, Iwatsuka Confectionery Co's highest Cyclically Adjusted PS Ratio was 1.41. The lowest was 0.77. And the median was 1.09.

TSE:2221's Cyclically Adjusted PS Ratio is ranked worse than
66.76% of 1447 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs TSE:2221: 1.35

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.

Iwatsuka Confectionery Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円676.613. 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2,274.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Iwatsuka Confectionery Co  (TSE:2221) 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.


Iwatsuka Confectionery Co Cyclically Adjusted PS Ratio Related Terms


Iwatsuka Confectionery Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Iwatsuka Confectionery 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.

Iwatsuka Confectionery Co Cyclically Adjusted PS Ratio Chart

Iwatsuka Confectionery 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 0.98 1.16 1.33 1.30 1.41

Iwatsuka Confectionery Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.30 1.34 1.40 1.34 1.41

TSE:2221 vs MDLZ, HSY, TR: Cyclically Adjusted PS Ratio Comparison

For the Confectioners subindustry, Iwatsuka Confectionery 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.


Iwatsuka Confectionery Co Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Iwatsuka Confectionery Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:2221
71GF Score
Iwatsuka Confectionery Co Ltd TSE:2221
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iwatsuka Confectionery 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3050.00/2274.32
=1.34

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=676.613/112.7000*112.7000
=676.613

Current CPI (Mar. 2026) = 112.7000.

Iwatsuka Confectionery Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 489.953 98.100 562.872
201609 473.903 98.000 544.988
201612 564.709 98.400 646.775
201703 497.681 98.100 571.750
201706 542.585 98.500 620.805
201709 498.511 98.800 568.646
201712 579.367 99.400 656.888
201803 502.343 99.200 570.706
201806 521.071 99.200 591.983
201809 478.441 99.900 539.743
201812 576.965 99.700 652.196
201903 473.646 99.700 535.405
201906 489.061 99.800 552.276
201909 479.471 100.100 539.824
201912 576.319 100.500 646.280
202003 493.172 100.300 554.142
202006 504.215 99.900 568.819
202009 467.067 99.900 526.911
202012 545.225 99.300 618.800
202103 461.509 99.900 520.641
202106 374.065 99.500 423.690
202109 371.456 100.100 418.213
202112 446.535 100.100 502.742
202203 417.817 101.100 465.756
202206 460.057 101.800 509.317
202209 395.759 103.100 432.609
202212 490.317 104.100 530.823
202303 472.770 104.400 510.356
202306 473.499 105.200 507.256
202309 437.436 106.200 464.209
202312 560.976 106.800 591.966
202403 499.239 107.200 524.853
202406 573.516 108.200 597.368
202409 543.059 108.900 562.009
202412 682.996 110.700 695.336
202503 599.241 111.100 607.871
202506 688.458 111.700 694.621
202509 626.481 112.000 630.397
202512 808.856 113.000 806.709
202603 676.613 112.700 676.613

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 1.34 mean?
Iwatsuka Confectionery Co (TSE:2221) has a Cyclically Adjusted PS Ratio of 1.34 as of Aug. 14, 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 Iwatsuka Confectionery Co and its competitors. This is 23% above median its historical median of 1.09. Over the past decade, Iwatsuka Confectionery Co's Cyclically Adjusted PS Ratio has ranged from 0.77 to 1.41. According to the industry distribution chart, Iwatsuka Confectionery Co ranks #966 out of 1447 companies in the Consumer Packaged Goods industry, placing it in the top 66.8%.
Is Iwatsuka Confectionery Co's Cyclically Adjusted PS Ratio too high?
Iwatsuka Confectionery Co's current Cyclically Adjusted PS Ratio of 1.34 is 23% above median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 1.41. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. Iwatsuka Confectionery Co's value of 1.34 is 76.3% above this industry median. Based on the distribution chart, Iwatsuka Confectionery Co ranks #966 out of 1447 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Iwatsuka Confectionery Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Iwatsuka Confectionery Co's Cyclically Adjusted PS Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Iwatsuka Confectionery Co ranks #966 out of 1447 companies for Cyclically Adjusted PS Ratio. This places Iwatsuka Confectionery Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Iwatsuka Confectionery Co's value of 1.34 is 76.3% above this benchmark. Historically, Iwatsuka Confectionery Co's own Cyclically Adjusted PS Ratio has ranged from 0.77 to 1.41 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 0.76, Iwatsuka Confectionery 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.76, based on 1,447 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. Iwatsuka Confectionery Co's current Cyclically Adjusted PS Ratio of 1.34 is 76.3% 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 Iwatsuka Confectionery Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iwatsuka Confectionery Co's current Cyclically Adjusted PS Ratio is 1.34, which is 23% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iwatsuka Confectionery Co stock overvalued right now?
Based on GuruFocus' analysis, Iwatsuka Confectionery Co (TSE:2221) is currently considered Fairly Valued. The stock's GF Value™ is 円3,364.30, compared to a current price of 円3,050.00 — trading 9.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.34, which is 23% above median its 10-year median of 1.09 and 76.3% above the Consumer Packaged Goods industry median of 0.76. Iwatsuka Confectionery Co's overall GF Score™ is 71/100 with 6 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 Iwatsuka Confectionery Co (TSE:2221), the current Cyclically Adjusted PS Ratio is 1.34 as of Aug. 14, 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 Iwatsuka Confectionery Co (TSE:2221) Overvalued in 2026?

Based on GuruFocus' analysis, Iwatsuka Confectionery Co stock appears to be undervalued. The current stock price of 円3,050.00 is trading 9.3% below its estimated GF Value™ of 円3,364.30. GuruFocus considers Iwatsuka Confectionery Co to be Fairly Valued.

Key valuation signals for TSE:2221:

  • Cyclically Adjusted PS Ratio: 1.34 (23% above median its 10-year median of 1.09)
  • GF Value™: 円3,364.30 vs. price of 円3,050.00 (9.3% below fair value)
  • GF Score™: 71/100 with 6 warning signs
  • Industry Position: 76.3% above the Consumer Packaged Goods median (#966 of 1447)

No single metric tells the full story. See the TSE:2221 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Iwatsuka Confectionery Co Business Description

Address 9750 Ura, Niigata Prefecture, Nagaoka, JPN, 949-5492
Iwatsuka Confectionery Co Ltd manufactures and sells rice crackers. It a Japanese firm. Its products include black bean rice crackers, pinch black pepper shrimp, cake flour, wet rice crackers and rice crackers for babies.
71GF Score

Get the complete analysis for TSE:2221

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

円3,050.00
Price
円3,364.30
GF Value