NJS Co (TSE:2325) Cyclically Adjusted PS Ratio: (As of Aug. 07, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:2325 NJS Co Ltd TSE:2325
83 GF Score
Price 円4,520.00
GF Value 円4,213.23
Valuation Fairly Valued
! 1 Warning Sign
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What is NJS Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


NJS Co  (TSE:2325) 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.


NJS Co Cyclically Adjusted PS Ratio Related Terms


NJS Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NJS 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.

NJS Co Cyclically Adjusted PS Ratio Chart

NJS Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.09 1.08 1.36 0.00 0.00

NJS Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 1.98 2.69 0.00 0.00 0.00

TSE:2325 vs WM, RSG, WCN: Cyclically Adjusted PS Ratio Comparison

For the Waste Management subindustry, NJS 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.


NJS Co Cyclically Adjusted PS Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, NJS Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:2325
83GF Score
NJS Co Ltd TSE:2325
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NJS 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.

NJS Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, NJS Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0/113.0000*113.0000
=0.000

Current CPI (Dec. 2025) = 113.0000.

NJS Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 571.386 98.100 658.171
201603 377.139 97.900 435.309
201606 478.676 98.100 551.380
201609 281.738 98.000 324.861
201612 545.105 98.400 625.984
201703 439.363 98.100 506.096
201706 567.413 98.500 650.941
201709 262.334 98.800 300.038
201712 432.608 99.400 491.798
201803 500.157 99.200 569.735
201806 589.908 99.200 671.972
201809 325.989 99.900 368.736
201812 457.750 99.700 518.814
201903 576.463 99.700 653.363
201906 534.574 99.800 605.279
201909 270.163 100.100 304.979
201912 406.967 100.500 457.585
202003 617.411 100.300 695.588
202006 600.849 99.900 679.639
202009 401.787 99.900 454.474
202012 368.381 99.300 419.205
202103 587.638 99.900 664.696
202106 560.828 99.500 636.920
202109 297.109 100.100 335.398
202112 580.617 100.100 655.442
202203 671.022 101.100 750.005
202206 505.921 101.800 561.582
202209 345.607 103.100 378.793
202212 493.843 104.100 536.064
202303 717.934 104.400 777.074
202306 605.066 105.200 649.928
202309 458.449 106.200 487.804
202312 527.280 106.800 557.890
202403 875.986 107.200 923.381
202406 525.177 108.200 548.475
202412 0.000 110.700 0.000
202503 929.932 111.100 945.835
202506 572.102 111.700 578.760
202509 0.000 112.000 0.000
202512 0.000 113.000 0.000

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 NJS Co (TSE:2325) Overvalued in 2026?

Based on GuruFocus' analysis, NJS Co stock appears to be overvalued. The current stock price of 円4,520.00 is trading 7.3% above its estimated GF Value™ of 円4,213.23. GuruFocus considers NJS Co to be Fairly Valued.

Key valuation signals for TSE:2325:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円4,213.23 vs. price of 円4,520.00 (7.3% above fair value)
  • GF Score™: 83/100 with 1 warning sign

No single metric tells the full story. See the TSE:2325 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NJS Co Business Description

Address 1-1-1, Shibaura, Hamamatsucho Building 14th Floor, Minato-ku, Tokyo, JPN, 105-0023
NJS Co Ltd is engaged in Water and environmental consulting, digital transformation and customer services business. Its Consulting services include Regional and environmental solutions (environmental conservation, urban development, disaster prevention and mitigation), Infrastructure solutions (surveys and planning, infrastructure management, management consulting), Global solutions (research and planning, infrastructure development, management capacity building support), Digital Transformation & Customer Service includes Software (facility information, operation management, disaster prevention), Inspection (drones, robotics, sensor systems, data analysis), Customer service (information dissemination, customer relations, communication).
83GF Score

Get the complete analysis for TSE:2325

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

円4,520.00
Price
円4,213.23
GF Value