Hard Off Co (TSE:2674) Cyclically Adjusted PS Ratio: 1.51 (As of Aug. 04, 2026) — 61% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:2674 Hard Off Corporation Co Ltd TSE:2674
77 GF Score
Price 円2,966.00
GF Value 円2,415.39
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Hard Off Co Cyclically Adjusted PS Ratio?

Hard Off Co TSE:2674 +2.24% 77 Cyclically Adjusted PS Ratio is 1.51 as of Aug. 04, 2026, which is 61% above its 10-year median of 0.94. GuruFocus rates TSE:2674 with a GF Score™ of 77/100 and a GF Value™ of 円2,415.39 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 793 Retail - Cyclical companies, Hard Off Co ranks worse than 79.95% on this metric.

As of today (2026-08-04), Hard Off Co's current share price is 円2966.00. Hard Off Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was 円1,969.66. Hard Off Co's Cyclically Adjusted PS Ratio for today is 1.51.

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

TSE:2674' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.94   Max: 1.57
Current: 1.57

During the past 13 years, Hard Off Co's highest Cyclically Adjusted PS Ratio was 1.57. The lowest was 0.49. And the median was 0.94.

TSE:2674's Cyclically Adjusted PS Ratio is ranked worse than
79.95% of 793 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs TSE:2674: 1.57

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.

Hard Off Co's adjusted revenue per share data of for the fiscal year that ended in Mar26 was 円2,825.072. 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1,969.66 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hard Off Co  (TSE:2674) 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.


Hard Off Co Cyclically Adjusted PS Ratio Related Terms


Hard Off Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hard Off 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.

Hard Off Co Cyclically Adjusted PS Ratio Chart

Hard Off 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 0.56 0.85 1.02 1.00 0.99

Hard Off Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.00 1.00 0.00 0.99

TSE:2674 vs CASY, WSM, ULTA: Cyclically Adjusted PS Ratio Comparison

For the Specialty Retail subindustry, Hard Off 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.


Hard Off Co Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

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

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


TSE:2674
77GF Score
Hard Off Corporation Co Ltd TSE:2674
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hard Off 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2966.00/1969.66
=1.51

* 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.

Hard Off Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Hard Off Co's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=2825.072/112.7000*112.7000
=2,825.072

Current CPI (Mar26) = 112.7000.

Hard Off Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 1,354.474 98.100 1,556.057
201803 1,373.507 99.200 1,560.426
201903 1,399.373 99.700 1,581.839
202003 1,435.068 100.300 1,612.484
202103 1,564.215 99.900 1,764.635
202203 1,765.654 101.100 1,968.241
202303 1,947.765 104.400 2,102.616
202403 2,166.305 107.200 2,277.449
202503 2,412.998 111.100 2,447.749
202603 2,825.072 112.700 2,825.072

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 1.51 mean?
Hard Off Co (TSE:2674) has a Cyclically Adjusted PS Ratio of 1.51 as of Aug. 04, 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 Hard Off Co and its competitors. This is 61% above median its historical median of 0.94. Over the past decade, Hard Off Co's Cyclically Adjusted PS Ratio has ranged from 0.49 to 1.57. According to the industry distribution chart, Hard Off Co ranks #634 out of 793 companies in the Retail - Cyclical industry, placing it in the top 79.9%.
Is Hard Off Co's Cyclically Adjusted PS Ratio too high?
Hard Off Co's current Cyclically Adjusted PS Ratio of 1.51 is 61% above median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 1.57. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.49. Hard Off Co's value of 1.51 is 208.2% above this industry median. Based on the distribution chart, Hard Off Co ranks #634 out of 793 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Hard Off 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 Hard Off Co's Cyclically Adjusted PS Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Hard Off Co ranks #634 out of 793 companies for Cyclically Adjusted PS Ratio. This places Hard Off Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.49. Hard Off Co's value of 1.51 is 208.2% above this benchmark. Historically, Hard Off Co's own Cyclically Adjusted PS Ratio has ranged from 0.49 to 1.57 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.49, Hard Off 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.49, based on 793 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. Hard Off Co's current Cyclically Adjusted PS Ratio of 1.51 is 208.2% 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 Hard Off Co 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. Hard Off Co's current Cyclically Adjusted PS Ratio is 1.51, which is 61% above median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hard Off Co stock overvalued right now?
Based on GuruFocus' analysis, Hard Off Co (TSE:2674) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,415.39, compared to a current price of 円2,966.00 — trading 22.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.51, which is 61% above median its 10-year median of 0.94 and 208.2% above the Retail - Cyclical industry median of 0.49. Hard Off Co's overall GF Score™ is 77/100 with 7 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 Hard Off Co (TSE:2674), the current Cyclically Adjusted PS Ratio is 1.51 as of Aug. 04, 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 Hard Off Co (TSE:2674) Overvalued in 2026?

Based on GuruFocus' analysis, Hard Off Co stock appears to be overvalued. The current stock price of 円2,966.00 is trading 22.8% above its estimated GF Value™ of 円2,415.39. GuruFocus considers Hard Off Co to be Modestly Overvalued.

Key valuation signals for TSE:2674:

  • Cyclically Adjusted PS Ratio: 1.51 (61% above median its 10-year median of 0.94)
  • GF Value™: 円2,415.39 vs. price of 円2,966.00 (22.8% above fair value)
  • GF Score™: 77/100 with 7 warning signs
  • Industry Position: 208.2% above the Retail - Cyclical median (#634 of 793)

No single metric tells the full story. See the TSE:2674 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hard Off Co Business Description

Address 3-1-13 Shin-Eicho, Shibata-shi, Niigata, JPN, 957-0063
Hard Off Corporation Co Ltd is a Japan-based company engaged in the reuse business. Its business activities include the purchase of used and unnecessary items from the customers, carry out repair, maintenance, inspection, and cleaning and sell to the customers. Products offered by the Hard Off Corporation include a personal computer, musical instruments, furniture, clothing for men; women; and children, trading cards, game, plastic model, toy, car supplies, bags and accessories, books, wine, champagne, beer, sake and shochu.
77GF Score

Get the complete analysis for TSE:2674

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

円2,966.00
Price
円2,415.39
GF Value