DeNA Co (TSE:2432) Cyclically Adjusted PS Ratio: 2.04 (As of Aug. 06, 2026) — 15% Above Median

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TSE:2432 DeNA Co Ltd TSE:2432
77 GF Score
Price 円2,461.50
GF Value 円2,010.52
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is DeNA Co Cyclically Adjusted PS Ratio?

DeNA Co TSE:2432 -0.59% 77 Cyclically Adjusted PS Ratio is 2.04 as of Aug. 06, 2026, which is 15% above its 10-year median of 1.77. GuruFocus rates TSE:2432 with a GF Score™ of 77/100 and a GF Value™ of 円2,010.52 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 463 Conglomerates companies, DeNA Co ranks worse than 74.51% on this metric.

As of today (2026-08-06), DeNA Co's current share price is 円2461.50. DeNA Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,206.92. DeNA Co's Cyclically Adjusted PS Ratio for today is 2.04.

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

TSE:2432' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.77   Max: 3.48
Current: 1.98

During the past years, DeNA Co's highest Cyclically Adjusted PS Ratio was 3.48. The lowest was 1.01. And the median was 1.77.

TSE:2432's Cyclically Adjusted PS Ratio is ranked worse than
74.51% of 463 companies
in the Conglomerates industry
Industry Median: 0.78 vs TSE:2432: 1.98

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.

DeNA Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円298.389. 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1,206.92 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DeNA Co  (TSE:2432) 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.


DeNA Co Cyclically Adjusted PS Ratio Related Terms


DeNA Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for DeNA 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.

DeNA Co Cyclically Adjusted PS Ratio Chart

DeNA 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 1.66 1.63 1.36 3.00 2.02

DeNA 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 3.00 2.25 1.94 2.10 2.02

TSE:2432 vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, DeNA 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.


DeNA Co Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


TSE:2432
77GF Score
DeNA Co Ltd TSE:2432
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DeNA 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2461.50/1206.92
=2.04

* 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.

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

For example, DeNA 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)
=298.389/112.7000*112.7000
=298.389

Current CPI (Mar. 2026) = 112.7000.

DeNA Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 263.519 98.100 302.738
201609 263.079 98.000 302.541
201612 221.625 98.400 253.833
201703 241.430 98.100 277.361
201706 250.795 98.500 286.950
201709 253.528 98.800 289.196
201712 225.724 99.400 255.927
201803 228.749 99.200 259.879
201806 233.186 99.200 264.920
201809 235.700 99.900 265.900
201812 181.837 99.700 205.547
201903 202.535 99.700 228.944
201906 215.633 99.800 243.505
201909 233.490 100.100 262.880
201912 187.162 100.500 209.882
202003 232.318 100.300 261.039
202006 241.964 99.900 272.966
202009 313.423 99.900 353.581
202012 275.987 99.300 313.230
202103 276.611 99.900 312.053
202106 281.794 99.500 319.178
202109 287.337 100.100 323.505
202112 261.718 100.100 294.662
202203 267.441 101.100 298.127
202206 293.092 101.800 324.474
202209 311.038 103.100 340.000
202212 263.702 104.100 285.487
202303 299.681 104.400 323.506
202306 324.337 105.200 347.460
202309 349.884 106.200 371.299
202312 260.465 106.800 274.854
202403 292.627 107.200 307.641
202406 304.859 108.200 317.538
202409 325.489 108.900 336.847
202412 416.812 110.700 424.342
202503 423.847 111.100 429.951
202506 373.282 111.700 376.624
202509 370.698 112.000 373.015
202512 280.129 113.000 279.385
202603 298.389 112.700 298.389

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 2.04 mean?
DeNA Co (TSE:2432) has a Cyclically Adjusted PS Ratio of 2.04 as of Aug. 06, 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 DeNA Co and its competitors. This is 15% above median its historical median of 1.77. Over the past decade, DeNA Co's Cyclically Adjusted PS Ratio has ranged from 1.01 to 3.48. According to the industry distribution chart, DeNA Co ranks #345 out of 463 companies in the Conglomerates industry, placing it in the top 74.5%.
Is DeNA Co's Cyclically Adjusted PS Ratio too high?
DeNA Co's current Cyclically Adjusted PS Ratio of 2.04 is 15% above median its 10-year median of 1.77. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 3.48. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.78. DeNA Co's value of 2.04 is 161.5% above this industry median. Based on the distribution chart, DeNA Co ranks #345 out of 463 companies in the Conglomerates industry, which is below the industry midpoint. Overall, DeNA Co has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DeNA Co's Cyclically Adjusted PS Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, DeNA Co ranks #345 out of 463 companies for Cyclically Adjusted PS Ratio. This places DeNA Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.78. DeNA Co's value of 2.04 is 161.5% above this benchmark. Historically, DeNA Co's own Cyclically Adjusted PS Ratio has ranged from 1.01 to 3.48 over the past decade. While the company's 10-year median is 1.77 vs. the industry median of 0.78, DeNA 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.78, based on 463 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. DeNA Co's current Cyclically Adjusted PS Ratio of 2.04 is 161.5% 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 DeNA Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DeNA Co's current Cyclically Adjusted PS Ratio is 2.04, which is 15% above median its own 10-year median of 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DeNA Co stock overvalued right now?
Based on GuruFocus' analysis, DeNA Co (TSE:2432) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,010.52, compared to a current price of 円2,461.50 — trading 22.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.04, which is 15% above median its 10-year median of 1.77 and 161.5% above the Conglomerates industry median of 0.78. DeNA Co's overall GF Score™ is 77/100 with 1 warning sign 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 DeNA Co (TSE:2432), the current Cyclically Adjusted PS Ratio is 2.04 as of Aug. 06, 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 DeNA Co (TSE:2432) Overvalued in 2026?

Based on GuruFocus' analysis, DeNA Co stock appears to be overvalued. The current stock price of 円2,461.50 is trading 22.4% above its estimated GF Value™ of 円2,010.52. GuruFocus considers DeNA Co to be Modestly Overvalued.

Key valuation signals for TSE:2432:

  • Cyclically Adjusted PS Ratio: 2.04 (15% above median its 10-year median of 1.77)
  • GF Value™: 円2,010.52 vs. price of 円2,461.50 (22.4% above fair value)
  • GF Score™: 77/100 with 1 warning sign
  • Industry Position: 161.5% above the Conglomerates median (#345 of 463)

No single metric tells the full story. See the TSE:2432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DeNA Co Business Description

Other Exchanges DNACF:USAD2N:Germany
Address 2-24-12 Shibuya, Shibuya Scramble Square, Shibuya-ku, Tokyo, JPN, 150-6140
DeNA Co Ltd is a social media service provider in Japan. It generates majority of the portion of its revenue by providing social media and Internet marketing-related services through its Social Media segment. The E-commerce segment offers E-Commerce related services, including the operation of auction shopping and cellular phone websites under the names DeNA shopping and Mobaoku, respectively. The Others segment is engaged in travel agency and insurance agency services, and professional baseball related business. The company has its primary market in North America.
77GF Score

Get the complete analysis for TSE:2432

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

円2,461.50
Price
円2,010.52
GF Value