Wellnet (TSE:2428) Cyclically Adjusted PS Ratio: (As of Aug. 06, 2026)

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.
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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:2428 Wellnet Corp TSE:2428
63 GF Score
Price 円630.00
GF Value 円559.24
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Wellnet Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Wellnet  (TSE:2428) 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.


Wellnet Cyclically Adjusted PS Ratio Related Terms


Wellnet Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Wellnet'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.

Wellnet Cyclically Adjusted PS Ratio Chart

Wellnet Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 0.97 1.16 1.22 1.27

Wellnet 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 1.32 1.27 1.26 0.00 0.00

TSE:2428 vs MSFT, ORCL, PLTR: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, Wellnet'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.


Wellnet Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Wellnet's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:2428
63GF Score
Wellnet Corp TSE:2428
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Wellnet 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.

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

For example, Wellnet'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.

Wellnet Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 137.189 98.100 158.026
201603 148.338 97.900 171.218
201606 135.145 98.100 155.672
201609 144.276 98.000 166.359
201612 133.694 98.400 153.531
201703 137.726 98.100 158.645
201706 122.110 98.500 140.086
201709 126.005 98.800 144.115
201712 131.829 99.400 149.866
201803 132.266 99.200 150.666
201806 125.962 99.200 143.485
201809 131.913 99.900 149.211
201812 136.842 99.700 155.097
201903 136.440 99.700 154.641
201906 127.845 99.800 144.754
201909 130.432 100.100 147.241
201912 125.420 100.500 141.020
202003 121.464 100.300 136.844
202006 120.117 99.900 135.868
202009 117.641 99.900 133.067
202012 123.419 99.300 140.447
202103 115.144 99.900 130.243
202106 112.246 99.500 127.475
202109 110.991 100.100 125.295
202112 124.633 100.100 140.695
202203 120.519 101.100 134.705
202206 117.221 101.800 130.118
202209 119.825 103.100 131.331
202212 138.735 104.100 150.596
202303 117.926 104.400 127.640
202306 119.335 105.200 128.183
202309 121.861 106.200 129.664
202312 135.844 106.800 143.730
202403 139.751 107.200 147.312
202406 136.079 108.200 142.116
202412 0.000 110.700 0.000
202503 142.880 111.100 145.323
202506 137.630 111.700 139.232
202509 136.384 112.000 137.602
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 Wellnet (TSE:2428) Overvalued in 2026?

Based on GuruFocus' analysis, Wellnet stock appears to be overvalued. The current stock price of 円630.00 is trading 12.7% above its estimated GF Value™ of 円559.24. GuruFocus considers Wellnet to be Modestly Overvalued.

Key valuation signals for TSE:2428:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円559.24 vs. price of 円630.00 (12.7% above fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the TSE:2428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wellnet Business Description

Address 10-11-4 Odori Higashi, Chuo-ku, Sapporo, Hokkaido, JPN, 060-0041
Wellnet Corp provides payment services that connect real-time payment of cash by connecting store terminals of convenience stores with the company and business operators. Its service offerings include payment secretary, multipayment service, bus IT solution, convenience store cash receiving service, remittance service, invoice issuance agency service, electronic ticket electronic authentication service, and various other application services.
63GF Score

Get the complete analysis for TSE:2428

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

円630.00
Price
円559.24
GF Value