ASKUL (TSE:2678) Cyclically Adjusted PS Ratio: 0.28 (As of Aug. 07, 2026) — 44% Below Median

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TSE:2678 ASKUL Corp TSE:2678
58 GF Score
Price 円1,258.00
GF Value 円1,570.45
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is ASKUL Cyclically Adjusted PS Ratio?

ASKUL TSE:2678 +0.40% 58 Cyclically Adjusted PS Ratio is 0.28 as of Aug. 07, 2026, which is 44% below its 10-year median of 0.50. GuruFocus rates TSE:2678 with a GF Score™ of 58/100 and a GF Value™ of 円1,570.45 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 795 Retail - Cyclical companies, ASKUL ranks better than 69.94% on this metric.

As of today (2026-08-07), ASKUL's current share price is 円1258.00. ASKUL's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was 円4,571.01. ASKUL's Cyclically Adjusted PS Ratio for today is 0.28.

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

TSE:2678' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.5   Max: 0.74
Current: 0.27

During the past years, ASKUL's highest Cyclically Adjusted PS Ratio was 0.74. The lowest was 0.25. And the median was 0.50.

TSE:2678's Cyclically Adjusted PS Ratio is ranked better than
69.94% of 795 companies
in the Retail - Cyclical industry
Industry Median: 0.5 vs TSE:2678: 0.27

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.

ASKUL's adjusted revenue per share data for the three months ended in May. 2026 was 円1,255.506. 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4,571.01 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASKUL  (TSE:2678) 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.


ASKUL Cyclically Adjusted PS Ratio Related Terms


ASKUL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ASKUL'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.

ASKUL Cyclically Adjusted PS Ratio Chart

ASKUL Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.49 0.55 0.35 0.26

ASKUL Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 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 0.35 0.34 0.32 0.29 0.26

TSE:2678 vs AMZN, BABA, PDD: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, ASKUL'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.


ASKUL Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

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

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


TSE:2678
58GF Score
ASKUL Corp TSE:2678
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASKUL 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1258.00/4571.01
=0.28

* 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.

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

For example, ASKUL'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)
=1255.506/113.5000*113.5000
=1,255.506

Current CPI (May. 2026) = 113.5000.

ASKUL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 776.198 97.900 899.882
201611 814.433 98.600 937.507
201702 834.647 98.100 965.672
201705 826.936 98.600 951.899
201708 796.019 98.500 917.240
201711 888.449 99.100 1,017.548
201802 904.374 99.500 1,031.623
201805 945.036 99.300 1,080.177
201808 921.795 99.800 1,048.334
201811 955.258 100.000 1,084.218
201902 948.478 99.700 1,079.762
201905 969.420 100.000 1,100.292
201908 959.283 100.000 1,088.786
201911 985.823 100.500 1,113.342
202002 977.132 100.300 1,105.728
202005 983.628 100.100 1,115.302
202008 977.069 100.100 1,107.865
202011 1,035.345 99.500 1,181.022
202102 1,040.131 99.800 1,182.915
202105 1,062.846 99.400 1,213.612
202108 998.723 99.700 1,136.961
202111 1,038.765 100.100 1,177.820
202202 1,068.626 100.700 1,204.459
202205 1,121.287 101.800 1,250.158
202208 1,128.820 102.700 1,247.527
202211 1,130.421 103.900 1,234.868
202302 1,167.338 104.000 1,273.970
202305 1,153.248 105.100 1,245.420
202308 1,157.549 105.900 1,240.621
202311 1,212.625 106.900 1,287.492
202402 1,217.868 106.900 1,293.059
202405 1,250.324 108.100 1,312.782
202408 1,230.616 109.100 1,280.247
202411 1,248.556 110.000 1,288.283
202502 1,267.386 110.800 1,298.270
202505 1,285.922 111.800 1,305.475
202508 1,312.137 112.100 1,328.524
202511 949.743 113.200 952.260
202602 863.682 112.200 873.689
202605 1,255.506 113.500 1,255.506

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 0.28 mean?
ASKUL (TSE:2678) has a Cyclically Adjusted PS Ratio of 0.28 as of Aug. 07, 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 ASKUL and its competitors. This is 44% below median its historical median of 0.50. Over the past decade, ASKUL's Cyclically Adjusted PS Ratio has ranged from 0.25 to 0.74. According to the industry distribution chart, ASKUL ranks #239 out of 795 companies in the Retail - Cyclical industry, placing it in the top 30.1%.
Is ASKUL's Cyclically Adjusted PS Ratio too high?
ASKUL's current Cyclically Adjusted PS Ratio of 0.28 is 44% below median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.74. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.50. ASKUL's value of 0.28 is 44% below this industry median. Based on the distribution chart, ASKUL ranks #239 out of 795 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, ASKUL has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ASKUL's Cyclically Adjusted PS Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, ASKUL ranks #239 out of 795 companies for Cyclically Adjusted PS Ratio. This puts ASKUL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.50. ASKUL's value of 0.28 is 44% below this benchmark. Historically, ASKUL's own Cyclically Adjusted PS Ratio has ranged from 0.25 to 0.74 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 0.50, ASKUL 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.50, based on 795 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. ASKUL's current Cyclically Adjusted PS Ratio of 0.28 is 44% 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 ASKUL and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASKUL's current Cyclically Adjusted PS Ratio is 0.28, which is 44% below median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASKUL stock overvalued right now?
Based on GuruFocus' analysis, ASKUL (TSE:2678) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,570.45, compared to a current price of 円1,258.00 — trading 19.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.28, which is 44% below median its 10-year median of 0.50 and 44% below the Retail - Cyclical industry median of 0.50. ASKUL's overall GF Score™ is 58/100 with 8 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 ASKUL (TSE:2678), the current Cyclically Adjusted PS Ratio is 0.28 as of Aug. 07, 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 ASKUL (TSE:2678) Overvalued in 2026?

Based on GuruFocus' analysis, ASKUL stock appears to be undervalued. The current stock price of 円1,258.00 is trading 19.9% below its estimated GF Value™ of 円1,570.45. GuruFocus considers ASKUL to be Modestly Undervalued.

Key valuation signals for TSE:2678:

  • Cyclically Adjusted PS Ratio: 0.28 (44% below median its 10-year median of 0.50)
  • GF Value™: 円1,570.45 vs. price of 円1,258.00 (19.9% below fair value)
  • GF Score™: 58/100 with 8 warning signs
  • Industry Position: 44% below the Retail - Cyclical median (#239 of 795)

No single metric tells the full story. See the TSE:2678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASKUL Business Description

Address 3-2-3 Toyosu Koto Ward, Toyosu Cubic Garden, 11 Floor, Koto-ku, Tokyo, JPN, 135-0061
ASKUL Corp is a Japanese company mainly offering office products and accessories. The business has two main segments: the office-related products and other delivery. The office-related product segment consists of personal computer and accessories, office supplies, and furniture. The other delivery segment provides cargo transportation services for corporations.
58GF Score

Get the complete analysis for TSE:2678

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

円1,258.00
Price
円1,570.45
GF Value