Mandarake (TSE:2652) Cyclically Adjusted PS Ratio: 1.19 (As of Aug. 05, 2026) — 170% Above Median

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TSE:2652 Mandarake Inc TSE:2652
78 GF Score
Price 円446.00
GF Value 円409.77
Valuation Fairly Valued
! 5 Warning Signs
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What is Mandarake Cyclically Adjusted PS Ratio?

Mandarake TSE:2652 -1.11% 78 Cyclically Adjusted PS Ratio is 1.19 as of Aug. 05, 2026, which is 170% above its 10-year median of 0.44. GuruFocus rates TSE:2652 with a GF Score™ of 78/100 and a GF Value™ of 円409.77 (Fairly Valued). The stock has 5 warning signs investors should review. Among 794 Retail - Cyclical companies, Mandarake ranks worse than 71.41% on this metric.

As of today (2026-08-05), Mandarake's current share price is 円446.00. Mandarake's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円375.79. Mandarake's Cyclically Adjusted PS Ratio for today is 1.19.

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

TSE:2652' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.44   Max: 1.75
Current: 1.15

During the past years, Mandarake's highest Cyclically Adjusted PS Ratio was 1.75. The lowest was 0.03. And the median was 0.44.

TSE:2652's Cyclically Adjusted PS Ratio is ranked worse than
71.41% of 794 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs TSE:2652: 1.15

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.

Mandarake's adjusted revenue per share data for the three months ended in Mar. 2026 was 円129.433. 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375.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mandarake  (TSE:2652) 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.


Mandarake Cyclically Adjusted PS Ratio Related Terms


Mandarake Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mandarake'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.

Mandarake Cyclically Adjusted PS Ratio Chart

Mandarake Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.40 1.10 1.22 0.84

Mandarake 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 1.02 0.83 0.84 0.92 0.85

TSE:2652 vs AMZN, BABA, PDD: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, Mandarake'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.


Mandarake Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mandarake's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:2652
78GF Score
Mandarake Inc TSE:2652
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mandarake 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=446.00/375.79
=1.19

* 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.

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

For example, Mandarake'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)
=129.433/112.7000*112.7000
=129.433

Current CPI (Mar. 2026) = 112.7000.

Mandarake Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 66.728 98.100 76.659
201609 70.747 98.000 81.359
201612 68.548 98.400 78.510
201703 73.377 98.100 84.298
201706 74.691 98.500 85.459
201709 72.705 98.800 82.934
201712 70.158 99.400 79.545
201803 73.397 99.200 83.386
201806 79.862 99.200 90.730
201809 74.406 99.900 83.940
201812 72.840 99.700 82.338
201903 76.930 99.700 86.961
201906 80.320 99.800 90.702
201909 73.588 100.100 82.851
201912 70.400 100.500 78.946
202003 70.846 100.300 79.605
202006 59.008 99.900 66.569
202009 71.993 99.900 81.217
202012 68.931 99.300 78.233
202103 71.461 99.900 80.617
202106 77.530 99.500 87.815
202109 72.687 100.100 81.836
202112 74.178 100.100 83.515
202203 78.014 101.100 86.965
202206 82.103 101.800 90.894
202209 85.377 103.100 93.327
202212 93.217 104.100 100.918
202303 96.913 104.400 104.618
202306 97.447 105.200 104.394
202309 100.043 106.200 106.166
202312 107.055 106.800 112.969
202403 111.514 107.200 117.235
202406 109.487 108.200 114.041
202409 109.502 108.900 113.323
202412 114.349 110.700 116.415
202503 118.070 111.100 119.770
202506 111.680 111.700 112.680
202509 118.851 112.000 119.594
202512 127.515 113.000 127.176
202603 129.433 112.700 129.433

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 1.19 mean?
Mandarake (TSE:2652) has a Cyclically Adjusted PS Ratio of 1.19 as of Aug. 05, 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 Mandarake and its competitors. This is 170% above median its historical median of 0.44. Over the past decade, Mandarake's Cyclically Adjusted PS Ratio has ranged from 0.03 to 1.75. According to the industry distribution chart, Mandarake ranks #567 out of 794 companies in the Retail - Cyclical industry, placing it in the top 71.4%.
Is Mandarake's Cyclically Adjusted PS Ratio too high?
Mandarake's current Cyclically Adjusted PS Ratio of 1.19 is 170% above median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 1.75. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.49. Mandarake's value of 1.19 is 142.9% above this industry median. Based on the distribution chart, Mandarake ranks #567 out of 794 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Mandarake has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mandarake's Cyclically Adjusted PS Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Mandarake ranks #567 out of 794 companies for Cyclically Adjusted PS Ratio. This places Mandarake in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.49. Mandarake's value of 1.19 is 142.9% above this benchmark. Historically, Mandarake's own Cyclically Adjusted PS Ratio has ranged from 0.03 to 1.75 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.49, Mandarake 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.49, based on 794 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. Mandarake's current Cyclically Adjusted PS Ratio of 1.19 is 142.9% 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 Mandarake and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mandarake's current Cyclically Adjusted PS Ratio is 1.19, which is 170% above median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mandarake stock overvalued right now?
Based on GuruFocus' analysis, Mandarake (TSE:2652) is currently considered Fairly Valued. The stock's GF Value™ is 円409.77, compared to a current price of 円446.00 — trading 8.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.19, which is 170% above median its 10-year median of 0.44 and 142.9% above the Retail - Cyclical industry median of 0.49. Mandarake's overall GF Score™ is 78/100 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 Mandarake (TSE:2652), the current Cyclically Adjusted PS Ratio is 1.19 as of Aug. 05, 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 Mandarake (TSE:2652) Overvalued in 2026?

Based on GuruFocus' analysis, Mandarake stock appears to be overvalued. The current stock price of 円446.00 is trading 8.8% above its estimated GF Value™ of 円409.77. GuruFocus considers Mandarake to be Fairly Valued.

Key valuation signals for TSE:2652:

  • Cyclically Adjusted PS Ratio: 1.19 (170% above median its 10-year median of 0.44)
  • GF Value™: 円409.77 vs. price of 円446.00 (8.8% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 142.9% above the Retail - Cyclical median (#567 of 794)

No single metric tells the full story. See the TSE:2652 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mandarake Business Description

Address 52-15 Nakano 5-chome, Nakano-ku, Tokyo, JPN, 164-0001
Mandarake Inc is a Japan-based company engaged in the purchase and sale of Japanese cartoon-related secondhand books, goods, and animation-related products.
78GF Score

Get the complete analysis for TSE:2652

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

円446.00
Price
円409.77
GF Value