S-Pool (TSE:2471) Cyclically Adjusted PS Ratio: 1.11 (As of Sep. 15, 2026) — 71% Below Median

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TSE:2471 S-Pool Inc TSE:2471
75 GF Score
Price 円277.00
GF Value 円345.80
Valuation Modestly Undervalued
! 5 Warning Signs
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What is S-Pool Cyclically Adjusted PS Ratio?

S-Pool TSE:2471 +5.32% 75 Cyclically Adjusted PS Ratio is 1.11 as of Sep. 15, 2026, which is 71% below its 10-year median of 3.87. GuruFocus rates TSE:2471 with a GF Score™ of 75/100 and a GF Value™ of 円345.80 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 726 Business Services companies, S-Pool ranks worse than 54.96% on this metric.

As of today (2026-09-15), S-Pool's current share price is 円277.00. S-Pool's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was 円250.66. S-Pool's Cyclically Adjusted PS Ratio for today is 1.11.

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

TSE:2471' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.94   Med: 3.87   Max: 8.38
Current: 1.05

During the past years, S-Pool's highest Cyclically Adjusted PS Ratio was 8.38. The lowest was 0.94. And the median was 3.87.

TSE:2471's Cyclically Adjusted PS Ratio is ranked worse than
54.96% of 726 companies
in the Business Services industry
Industry Median: 0.89 vs TSE:2471: 1.05

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.

S-Pool's adjusted revenue per share data for the three months ended in May. 2026 was 円86.492. 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250.66 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


S-Pool  (TSE:2471) 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.


S-Pool Cyclically Adjusted PS Ratio Related Terms


S-Pool Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for S-Pool'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.

S-Pool Cyclically Adjusted PS Ratio Chart

S-Pool Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.84 5.75 2.07 0.00 1.16

S-Pool Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 1.58 1.41 1.16 1.09 0.95

TSE:2471 vs CTAS, CPRT, GPN: Cyclically Adjusted PS Ratio Comparison

For the Specialty Business Services subindustry, S-Pool'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.


S-Pool Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, S-Pool's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:2471
75GF Score
S-Pool Inc TSE:2471
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S-Pool 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.

S-Pool's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=277.00/250.66
=1.11

* 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.

S-Pool's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 is calculated as:

For example, S-Pool's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=86.492/113.5000*113.5000
=86.492

Current CPI (May. 2026) = 113.5000.

S-Pool Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201605 30.101 98.200 34.791
201608 30.863 97.900 35.781
201611 29.896 98.600 34.414
201702 32.016 98.100 37.042
201705 35.982 98.600 41.419
201708 37.422 98.500 43.121
201711 42.803 99.100 49.023
201802 40.686 99.500 46.411
201805 46.272 99.300 52.889
201808 48.619 99.800 55.293
201811 51.914 100.000 58.922
201902 49.278 99.700 56.099
201905 55.731 100.000 63.255
201908 55.698 100.000 63.217
201911 60.934 100.500 68.816
202002 59.174 100.300 66.962
202005 64.351 100.100 72.965
202008 69.731 100.100 79.066
202011 72.667 99.500 82.892
202102 68.478 99.800 77.878
202105 78.869 99.400 90.057
202108 80.882 99.700 92.077
202111 86.464 100.100 98.039
202202 82.527 100.700 93.017
202205 90.438 101.800 100.832
202208 80.426 102.700 88.884
202211 -230.064 103.900 -251.321
202302 77.072 104.000 84.112
202305 89.135 105.100 96.259
202308 78.730 105.900 84.380
202311 81.414 106.900 86.440
202402 71.617 106.900 76.039
202405 81.540 108.100 85.613
202411 0.000 110.000 0.000
202502 77.576 110.800 79.466
202505 81.231 111.800 82.466
202508 81.642 112.100 82.662
202511 91.090 113.200 91.331
202602 75.971 112.200 76.851
202605 86.492 113.500 86.492

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 1.11 mean?
S-Pool (TSE:2471) has a Cyclically Adjusted PS Ratio of 1.11 as of Sep. 15, 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 S-Pool and its competitors. This is 71% below median its historical median of 3.87. Over the past decade, S-Pool's Cyclically Adjusted PS Ratio has ranged from 0.94 to 8.38. According to the industry distribution chart, S-Pool ranks #399 out of 726 companies in the Business Services industry, placing it in the top 55%.
Is S-Pool's Cyclically Adjusted PS Ratio too high?
S-Pool's current Cyclically Adjusted PS Ratio of 1.11 is 71% below median its 10-year median of 3.87. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 8.38. The Business Services industry median Cyclically Adjusted PS Ratio is 0.89. S-Pool's value of 1.11 is 24.7% above this industry median. Based on the distribution chart, S-Pool ranks #399 out of 726 companies in the Business Services industry, which is below the industry midpoint. Overall, S-Pool has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does S-Pool's Cyclically Adjusted PS Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, S-Pool ranks #399 out of 726 companies for Cyclically Adjusted PS Ratio. This places S-Pool in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.89. S-Pool's value of 1.11 is 24.7% above this benchmark. Historically, S-Pool's own Cyclically Adjusted PS Ratio has ranged from 0.94 to 8.38 over the past decade. While the company's 10-year median is 3.87 vs. the industry median of 0.89, S-Pool 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.89, based on 726 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. S-Pool's current Cyclically Adjusted PS Ratio of 1.11 is 24.7% 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 S-Pool and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S-Pool's current Cyclically Adjusted PS Ratio is 1.11, which is 71% below median its own 10-year median of 3.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S-Pool stock overvalued right now?
Based on GuruFocus' analysis, S-Pool (TSE:2471) is currently considered Modestly Undervalued. The stock's GF Value™ is 円345.80, compared to a current price of 円277.00 — trading 19.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.11, which is 71% below median its 10-year median of 3.87 and 24.7% above the Business Services industry median of 0.89. S-Pool's overall GF Score™ is 75/100 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 S-Pool (TSE:2471), the current Cyclically Adjusted PS Ratio is 1.11 as of Sep. 15, 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 S-Pool (TSE:2471) Overvalued in 2026?

Based on GuruFocus' analysis, S-Pool stock appears to be undervalued. The current stock price of 円277.00 is trading 19.9% below its estimated GF Value™ of 円345.80. GuruFocus considers S-Pool to be Modestly Undervalued.

Key valuation signals for TSE:2471:

  • Cyclically Adjusted PS Ratio: 1.11 (71% below median its 10-year median of 3.87)
  • GF Value™: 円345.80 vs. price of 円277.00 (19.9% below fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 24.7% above the Business Services median (#399 of 726)

No single metric tells the full story. See the TSE:2471 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


S-Pool Business Description

Address 3, No. 3 Building, No. 15 Rick Hugh Edobashi 2-chome, Tokyo, JPN
S-Pool Inc is engaged in providing business solutions and human resource solutions. The solutions offered by the company include employment support service for people with disabilities, logistics outsourcing service, sales support service, and professional talent bank service.
75GF Score

Get the complete analysis for TSE:2471

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

円277.00
Price
円345.80
GF Value