UNITED (TSE:2497) Cyclically Adjusted PS Ratio: 1.33 (As of Aug. 02, 2026) — 44% Below Median

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TSE:2497 UNITED Inc TSE:2497
66 GF Score
Price 円520.00
GF Value 円539.25
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is UNITED Cyclically Adjusted PS Ratio?

UNITED TSE:2497 -0.95% 66 Cyclically Adjusted PS Ratio is 1.33 as of Aug. 02, 2026, which is 44% below its 10-year median of 2.37. GuruFocus rates TSE:2497 with a GF Score™ of 66/100 and a GF Value™ of 円539.25 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,590 Software companies, UNITED ranks better than 56.67% on this metric.

As of today (2026-08-02), UNITED's current share price is 円520.00. UNITED's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円392.20. UNITED's Cyclically Adjusted PS Ratio for today is 1.33.

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

TSE:2497' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.22   Med: 2.37   Max: 10.87
Current: 1.31

During the past years, UNITED's highest Cyclically Adjusted PS Ratio was 10.87. The lowest was 1.22. And the median was 2.37.

TSE:2497's Cyclically Adjusted PS Ratio is ranked better than
56.67% of 1590 companies
in the Software industry
Industry Median: 1.645 vs TSE:2497: 1.31

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.

UNITED's adjusted revenue per share data for the three months ended in Mar. 2026 was 円61.098. 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392.20 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


UNITED  (TSE:2497) 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.


UNITED Cyclically Adjusted PS Ratio Related Terms


UNITED Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for UNITED'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.

UNITED Cyclically Adjusted PS Ratio Chart

UNITED 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 3.00 1.88 2.45 1.88 1.29

UNITED 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 1.88 1.46 1.45 1.26 1.29

TSE:2497 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, UNITED'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.


UNITED Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:2497
66GF Score
UNITED Inc TSE:2497
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

UNITED 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.

UNITED's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=520.00/392.20
=1.33

* 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.

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

For example, UNITED'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)
=61.098/112.7000*112.7000
=61.098

Current CPI (Mar. 2026) = 112.7000.

UNITED Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 68.116 98.100 78.254
201609 72.609 98.000 83.500
201612 81.981 98.400 93.895
201703 94.235 98.100 108.260
201706 70.545 98.500 80.715
201709 78.887 98.800 89.985
201712 77.351 99.400 87.701
201803 85.522 99.200 97.161
201806 337.367 99.200 383.279
201809 69.246 99.900 78.118
201812 87.715 99.700 99.152
201903 101.078 99.700 114.258
201906 133.088 99.800 150.291
201909 116.826 100.100 131.531
201912 104.698 100.500 117.408
202003 110.018 100.300 123.619
202006 178.865 99.900 201.783
202009 67.424 99.900 76.063
202012 64.277 99.300 72.951
202103 56.723 99.900 63.991
202106 109.303 99.500 123.803
202109 78.238 100.100 88.086
202112 64.041 100.100 72.102
202203 47.368 101.100 52.803
202206 118.548 101.800 131.241
202209 46.911 103.100 51.279
202212 90.229 104.100 97.683
202303 75.869 104.400 81.901
202306 184.856 105.200 198.035
202309 49.642 106.200 52.680
202312 41.158 106.800 43.432
202403 45.487 107.200 47.821
202406 120.104 108.200 125.099
202409 41.113 108.900 42.548
202412 78.652 110.700 80.073
202503 66.714 111.100 67.675
202506 50.762 111.700 51.216
202509 61.927 112.000 62.314
202512 59.348 113.000 59.190
202603 61.098 112.700 61.098

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 1.33 mean?
UNITED (TSE:2497) has a Cyclically Adjusted PS Ratio of 1.33 as of Aug. 02, 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 UNITED and its competitors. This is 44% below median its historical median of 2.37. Over the past decade, UNITED's Cyclically Adjusted PS Ratio has ranged from 1.22 to 10.87. According to the industry distribution chart, UNITED ranks #689 out of 1590 companies in the Software industry, placing it in the top 43.3%.
Is UNITED's Cyclically Adjusted PS Ratio too high?
UNITED's current Cyclically Adjusted PS Ratio of 1.33 is 44% below median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 10.87. The Software industry median Cyclically Adjusted PS Ratio is 1.65. UNITED's value of 1.33 is 19.1% below this industry median. Based on the distribution chart, UNITED ranks #689 out of 1590 companies in the Software industry, which is above the industry midpoint. Overall, UNITED has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does UNITED's Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, UNITED ranks #689 out of 1590 companies for Cyclically Adjusted PS Ratio. This puts UNITED in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.65. UNITED's value of 1.33 is 19.1% below this benchmark. Historically, UNITED's own Cyclically Adjusted PS Ratio has ranged from 1.22 to 10.87 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 1.65, UNITED 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.65, based on 1,590 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. UNITED's current Cyclically Adjusted PS Ratio of 1.33 is 19.1% 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 UNITED and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UNITED's current Cyclically Adjusted PS Ratio is 1.33, which is 44% below median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UNITED stock overvalued right now?
Based on GuruFocus' analysis, UNITED (TSE:2497) is currently considered Fairly Valued. The stock's GF Value™ is 円539.25, compared to a current price of 円520.00 — trading 3.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.33, which is 44% below median its 10-year median of 2.37 and 19.1% below the Software industry median of 1.65. UNITED's overall GF Score™ is 66/100 with 4 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 UNITED (TSE:2497), the current Cyclically Adjusted PS Ratio is 1.33 as of Aug. 02, 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 UNITED (TSE:2497) Overvalued in 2026?

Based on GuruFocus' analysis, UNITED stock appears to be undervalued. The current stock price of 円520.00 is trading 3.6% below its estimated GF Value™ of 円539.25. GuruFocus considers UNITED to be Fairly Valued.

Key valuation signals for TSE:2497:

  • Cyclically Adjusted PS Ratio: 1.33 (44% below median its 10-year median of 2.37)
  • GF Value™: 円539.25 vs. price of 円520.00 (3.6% below fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 19.1% below the Software median (#689 of 1590)

No single metric tells the full story. See the TSE:2497 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


UNITED Business Description

Address MFPR Shibuya Bldg 10F, 1-2-5 Shibuya, Shibuyaku, Tokyo, JPN, 150-0002
UNITED Inc is a Japan-based company, engages in advertising technology and smartphone applications business. It offers various smartphone applications, including CocoPPa, CocoPPa Play, CocoPPa Launcher, CHEERZ, and Crash Fever; and Kanahei Apps.
66GF Score

Get the complete analysis for TSE:2497

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

円520.00
Price
円539.25
GF Value