CALBEE (TSE:2229) Cyclically Adjusted PS Ratio: 1.32 (As of Jul. 31, 2026) — 10% Below Median

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TSE:2229 CALBEE Inc TSE:2229
86 GF Score
Price 円3,119.00
GF Value 円3,284.86
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is CALBEE Cyclically Adjusted PS Ratio?

CALBEE TSE:2229 -2.38% 86 Cyclically Adjusted PS Ratio is 1.32 as of Jul. 31, 2026, which is 10% below its 10-year median of 1.47. GuruFocus rates TSE:2229 with a GF Score™ of 86/100 and a GF Value™ of 円3,284.86 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,451 Consumer Packaged Goods companies, CALBEE ranks worse than 66.09% on this metric.

As of today (2026-07-31), CALBEE's current share price is 円3119.00. CALBEE's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was 円2,360.68. CALBEE's Cyclically Adjusted PS Ratio for today is 1.32.

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

TSE:2229' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.17   Med: 1.47   Max: 2.02
Current: 1.32

During the past years, CALBEE's highest Cyclically Adjusted PS Ratio was 2.02. The lowest was 1.17. And the median was 1.47.

TSE:2229's Cyclically Adjusted PS Ratio is ranked worse than
66.09% of 1451 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs TSE:2229: 1.32

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.

CALBEE's adjusted revenue per share data for the three months ended in Jun. 2026 was 円713.432. 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2,360.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CALBEE  (TSE:2229) 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.


CALBEE Cyclically Adjusted PS Ratio Related Terms


CALBEE Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CALBEE'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.

CALBEE Cyclically Adjusted PS Ratio Chart

CALBEE 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 1.29 1.42 1.64 1.25 1.32

CALBEE 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 1.22 1.25 1.29 1.32 1.25

TSE:2229 vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, CALBEE'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.


CALBEE Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2229
86GF Score
CALBEE Inc TSE:2229
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CALBEE 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.

CALBEE's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3119.00/2360.68
=1.32

* 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.

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

For example, CALBEE'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)
=713.432/113.6000*113.6000
=713.432

Current CPI (Jun. 2026) = 113.6000.

CALBEE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 463.294 98.000 537.043
201612 488.632 98.400 564.112
201703 474.484 98.100 549.453
201706 422.594 98.500 487.377
201709 465.563 98.800 535.303
201712 507.413 99.400 579.901
201803 485.735 99.200 556.245
201806 458.107 99.200 524.606
201809 447.633 99.900 509.020
201812 493.276 99.700 562.048
201903 461.059 99.700 525.339
201906 463.063 99.800 527.094
201909 473.805 100.100 537.705
201912 500.153 100.500 565.347
202003 477.531 100.300 540.853
202006 481.653 99.900 547.706
202009 497.939 99.900 566.225
202012 525.573 99.300 601.260
202103 490.433 99.900 557.690
202106 448.186 99.500 511.698
202109 452.977 100.100 514.068
202112 489.680 100.100 555.721
202203 461.459 101.100 518.514
202206 505.905 101.800 564.546
202209 525.737 103.100 579.280
202212 585.609 104.100 639.051
202303 560.777 104.400 610.194
202306 585.590 105.200 632.348
202309 591.675 106.200 632.903
202312 642.766 106.800 683.691
202403 606.091 107.200 642.276
202406 621.930 108.200 652.969
202409 635.826 108.900 663.268
202412 694.145 110.700 712.329
202503 630.710 111.100 644.902
202506 658.335 111.700 669.533
202509 668.363 112.000 677.911
202512 730.770 113.000 734.650
202603 673.778 112.700 679.159
202606 713.432 113.600 713.432

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 1.32 mean?
CALBEE (TSE:2229) has a Cyclically Adjusted PS Ratio of 1.32 as of Jul. 31, 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 CALBEE and its competitors. This is 10% below median its historical median of 1.47. Over the past decade, CALBEE's Cyclically Adjusted PS Ratio has ranged from 1.17 to 2.02. According to the industry distribution chart, CALBEE ranks #959 out of 1451 companies in the Consumer Packaged Goods industry, placing it in the top 66.1%.
Is CALBEE's Cyclically Adjusted PS Ratio too high?
CALBEE's current Cyclically Adjusted PS Ratio of 1.32 is 10% below median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 2.02. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. CALBEE's value of 1.32 is 73.7% above this industry median. Based on the distribution chart, CALBEE ranks #959 out of 1451 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, CALBEE has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CALBEE's Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, CALBEE ranks #959 out of 1451 companies for Cyclically Adjusted PS Ratio. This places CALBEE in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. CALBEE's value of 1.32 is 73.7% above this benchmark. Historically, CALBEE's own Cyclically Adjusted PS Ratio has ranged from 1.17 to 2.02 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 0.76, CALBEE 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 1,451 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. CALBEE's current Cyclically Adjusted PS Ratio of 1.32 is 73.7% 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 CALBEE 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. CALBEE's current Cyclically Adjusted PS Ratio is 1.32, which is 10% below median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CALBEE stock overvalued right now?
Based on GuruFocus' analysis, CALBEE (TSE:2229) is currently considered Fairly Valued. The stock's GF Value™ is 円3,284.86, compared to a current price of 円3,119.00 — trading 5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.32, which is 10% below median its 10-year median of 1.47 and 73.7% above the Consumer Packaged Goods industry median of 0.76. CALBEE's overall GF Score™ is 86/100 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 CALBEE (TSE:2229), the current Cyclically Adjusted PS Ratio is 1.32 as of Jul. 31, 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 CALBEE (TSE:2229) Overvalued in 2026?

Based on GuruFocus' analysis, CALBEE stock appears to be undervalued. The current stock price of 円3,119.00 is trading 5% below its estimated GF Value™ of 円3,284.86. GuruFocus considers CALBEE to be Fairly Valued.

Key valuation signals for TSE:2229:

  • Cyclically Adjusted PS Ratio: 1.32 (10% below median its 10-year median of 1.47)
  • GF Value™: 円3,284.86 vs. price of 円3,119.00 (5% below fair value)
  • GF Score™: 86/100 with 5 warning signs
  • Industry Position: 73.7% above the Consumer Packaged Goods median (#959 of 1451)

No single metric tells the full story. See the TSE:2229 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CALBEE Business Description

Other Exchanges CLBEY:USA9CB:Germany
Address 1-8-3 Marunouchi, 22nd Floor, Marunouchi Trust Tower Main Building, Chiyoda-ku, Tokyo, JPN, 100-0005
Calbee Inc is engaged in the manufacture and sale of food products. The company operates a single reportable segment, the food manufacturing and sales business, which includes the production and distribution of snacks, cereals, and other related food items. It conducts business activities in Japan and overseas.
86GF Score

Get the complete analysis for TSE:2229

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

円3,119.00
Price
円3,284.86
GF Value