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Morinaga Milk Industry CoTSE:2264 -5.55%70 Cyclically Adjusted PS Ratio is 0.72 as of Aug. 01, 2026, which is 71% above its 10-year median of 0.42. GuruFocus rates TSE:2264 with a GF Score™ of 70/100 and a GF Value™ of 円888.35 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,451 Consumer Packaged Goods companies, Morinaga Milk Industry Co ranks worse than 50.24% on this metric.
The historical rank and industry rank for Morinaga Milk Industry Co's Cyclically Adjusted PS Ratio or its related term are showing as below:
TSE:2264'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.42 Max: 0.79
Current: 0.77
During the past years, Morinaga Milk Industry Co's highest Cyclically Adjusted PS Ratio was 0.79. The lowest was 0.23. And the median was 0.42.
TSE:2264's Cyclically Adjusted PS Ratio is ranked worse than 50.24% of 1451
companies
in the Consumer Packaged Goods industry
Industry Median: 0.76
vs TSE:2264: 0.77
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.
Morinaga Milk Industry Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円407.682. 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1,650.92 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Morinaga Milk Industry Co (TSE:2264) 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.
Morinaga Milk Industry Co Cyclically Adjusted PS Ratio Related Terms
Morinaga Milk Industry Co Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for Morinaga Milk Industry 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.
Morinaga Milk Industry Co Cyclically Adjusted PS Ratio Chart
TSE:2264 vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison
For the Packaged Foods subindustry, Morinaga Milk Industry 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.
Morinaga Milk Industry Co Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga Milk Industry Co's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Morinaga Milk Industry Co's Cyclically Adjusted PS Ratio falls into.
Morinaga Milk Industry 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.
* 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.
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 0.72 mean?
Morinaga Milk Industry Co (TSE:2264) has a Cyclically Adjusted PS Ratio of 0.72 as of Aug. 01, 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 Morinaga Milk Industry Co and its competitors. This is 71% above median its historical median of 0.42. Over the past decade, Morinaga Milk Industry Co's Cyclically Adjusted PS Ratio has ranged from 0.23 to 0.79. According to the industry distribution chart, Morinaga Milk Industry Co ranks #729 out of 1451 companies in the Consumer Packaged Goods industry, placing it in the top 50.2%.
Is Morinaga Milk Industry Co's Cyclically Adjusted PS Ratio too high?
Morinaga Milk Industry Co's current Cyclically Adjusted PS Ratio of 0.72 is 71% above median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.79. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. Morinaga Milk Industry Co's value of 0.72 is 5.3% below this industry median. Based on the distribution chart, Morinaga Milk Industry Co ranks #729 out of 1451 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Morinaga Milk Industry Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morinaga Milk Industry Co's Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Morinaga Milk Industry Co ranks #729 out of 1451 companies for Cyclically Adjusted PS Ratio. This places Morinaga Milk Industry Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Morinaga Milk Industry Co's value of 0.72 is 5.3% below this benchmark. Historically, Morinaga Milk Industry Co's own Cyclically Adjusted PS Ratio has ranged from 0.23 to 0.79 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 0.76, Morinaga Milk Industry Co 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 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. Morinaga Milk Industry Co's current Cyclically Adjusted PS Ratio of 0.72 is 5.3% 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 Morinaga Milk Industry 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. Morinaga Milk Industry Co's current Cyclically Adjusted PS Ratio is 0.72, which is 71% above median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morinaga Milk Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Morinaga Milk Industry Co (TSE:2264) is currently considered Significantly Overvalued. The stock's GF Value™ is 円888.35, compared to a current price of 円1,191.00 — trading 34.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.72, which is 71% above median its 10-year median of 0.42 and 5.3% below the Consumer Packaged Goods industry median of 0.76. Morinaga Milk Industry Co's overall GF Score™ is 70/100 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 Morinaga Milk Industry Co (TSE:2264), the current Cyclically Adjusted PS Ratio is 0.72 as of Aug. 01, 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 Morinaga Milk Industry Co (TSE:2264) Overvalued in 2026?
Based on GuruFocus' analysis, Morinaga Milk Industry Co stock appears to be overvalued.
The current stock price of 円1,191.00 is trading 34.1% above its estimated GF Value™ of 円888.35.
GuruFocus considers Morinaga Milk Industry Co to be Significantly Overvalued.
Key valuation signals for TSE:2264:
Cyclically Adjusted PS Ratio: 0.72 (71% above median its 10-year median of 0.42)
GF Value™: 円888.35 vs. price of 円1,191.00 (34.1% above fair value)
Industry Position: 5.3% below the Consumer Packaged Goods median (#729 of 1451)
No single metric tells the full story. See the TSE:2264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morinaga Milk Industry Co Ltd is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk-based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipment. The company through its subsidiaries markets its products internationally.
70GF Score
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