Kewpie (TSE:2809) Cyclically Adjusted PS Ratio: 1.24 (As of Jul. 29, 2026) — 77% Above Median

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TSE:2809 Kewpie Corp TSE:2809
81 GF Score
Price 円4,845.00
GF Value 円3,751.18
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Kewpie Cyclically Adjusted PS Ratio?

Kewpie TSE:2809 +3.57% 81 Cyclically Adjusted PS Ratio is 1.24 as of Jul. 29, 2026, which is 77% above its 10-year median of 0.70. GuruFocus rates TSE:2809 with a GF Score™ of 81/100 and a GF Value™ of 円3,751.18 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,449 Consumer Packaged Goods companies, Kewpie ranks worse than 62.94% on this metric.

As of today (2026-07-29), Kewpie's current share price is 円4845.00. Kewpie's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was 円3,900.44. Kewpie's Cyclically Adjusted PS Ratio for today is 1.24.

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

TSE:2809' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.7   Max: 1.19
Current: 1.15

During the past years, Kewpie's highest Cyclically Adjusted PS Ratio was 1.19. The lowest was 0.50. And the median was 0.70.

TSE:2809's Cyclically Adjusted PS Ratio is ranked worse than
62.94% of 1449 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs TSE:2809: 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.

Kewpie's adjusted revenue per share data for the three months ended in May. 2026 was 円994.329. 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3,900.44 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kewpie  (TSE:2809) 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.


Kewpie Cyclically Adjusted PS Ratio Related Terms


Kewpie Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kewpie'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.

Kewpie Cyclically Adjusted PS Ratio Chart

Kewpie 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 0.63 0.65 0.68 0.90 1.13

Kewpie 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 0.88 1.07 1.13 1.16 1.03

TSE:2809 vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Kewpie'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.


Kewpie Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kewpie's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:2809
81GF Score
Kewpie Corp TSE:2809
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kewpie 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4845.00/3900.44
=1.24

* 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.

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

For example, Kewpie'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)
=994.329/113.5000*113.5000
=994.329

Current CPI (May. 2026) = 113.5000.

Kewpie Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 925.106 97.900 1,072.518
201611 924.067 98.600 1,063.708
201702 882.498 98.100 1,021.035
201705 966.781 98.600 1,112.877
201708 951.457 98.500 1,096.349
201711 955.069 99.100 1,093.848
201802 933.136 99.500 1,064.432
201805 1,005.087 99.300 1,148.815
201808 1,009.507 99.800 1,148.087
201811 960.662 100.000 1,090.351
201902 897.072 99.700 1,021.240
201905 983.390 100.000 1,116.148
201908 968.107 100.000 1,098.801
201911 966.541 100.500 1,091.566
202002 930.789 100.300 1,053.286
202005 908.237 100.100 1,029.819
202008 941.919 100.100 1,068.010
202011 931.985 99.500 1,063.119
202102 659.642 99.800 750.194
202105 743.626 99.400 849.110
202108 752.487 99.700 856.643
202111 741.496 100.100 840.757
202202 723.260 100.700 815.194
202205 769.663 101.800 858.121
202208 796.309 102.700 880.049
202211 806.380 103.900 880.887
202302 774.611 104.000 845.369
202305 810.826 105.100 875.630
202308 831.025 105.900 890.664
202311 857.456 106.900 910.395
202402 824.673 106.900 875.588
202405 879.138 108.100 923.054
202408 892.640 109.100 928.640
202411 885.412 110.000 913.584
202502 863.591 110.800 884.635
202505 948.254 111.800 962.673
202508 948.855 112.100 960.705
202511 940.166 113.200 942.658
202602 901.053 112.200 911.493
202605 994.329 113.500 994.329

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 1.24 mean?
Kewpie (TSE:2809) has a Cyclically Adjusted PS Ratio of 1.24 as of Jul. 29, 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 Kewpie and its competitors. This is 77% above median its historical median of 0.70. Over the past decade, Kewpie's Cyclically Adjusted PS Ratio has ranged from 0.50 to 1.19. According to the industry distribution chart, Kewpie ranks #912 out of 1449 companies in the Consumer Packaged Goods industry, placing it in the top 62.9%.
Is Kewpie's Cyclically Adjusted PS Ratio too high?
Kewpie's current Cyclically Adjusted PS Ratio of 1.24 is 77% above median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 1.19. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. Kewpie's value of 1.24 is 63.2% above this industry median. Based on the distribution chart, Kewpie ranks #912 out of 1449 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Kewpie has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kewpie's Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Kewpie ranks #912 out of 1449 companies for Cyclically Adjusted PS Ratio. This places Kewpie in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Kewpie's value of 1.24 is 63.2% above this benchmark. Historically, Kewpie's own Cyclically Adjusted PS Ratio has ranged from 0.50 to 1.19 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 0.76, Kewpie 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.76, based on 1,449 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. Kewpie's current Cyclically Adjusted PS Ratio of 1.24 is 63.2% 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 Kewpie and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kewpie's current Cyclically Adjusted PS Ratio is 1.24, which is 77% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kewpie stock overvalued right now?
Based on GuruFocus' analysis, Kewpie (TSE:2809) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,751.18, compared to a current price of 円4,845.00 — trading 29.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.24, which is 77% above median its 10-year median of 0.70 and 63.2% above the Consumer Packaged Goods industry median of 0.76. Kewpie's overall GF Score™ is 81/100 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 Kewpie (TSE:2809), the current Cyclically Adjusted PS Ratio is 1.24 as of Jul. 29, 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 Kewpie (TSE:2809) Overvalued in 2026?

Based on GuruFocus' analysis, Kewpie stock appears to be overvalued. The current stock price of 円4,845.00 is trading 29.2% above its estimated GF Value™ of 円3,751.18. GuruFocus considers Kewpie to be Modestly Overvalued.

Key valuation signals for TSE:2809:

  • Cyclically Adjusted PS Ratio: 1.24 (77% above median its 10-year median of 0.70)
  • GF Value™: 円3,751.18 vs. price of 円4,845.00 (29.2% above fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 63.2% above the Consumer Packaged Goods median (#912 of 1449)

No single metric tells the full story. See the TSE:2809 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kewpie Business Description

Other Exchanges QPJ:Germany
Address 1-4-13 Shibuya, Shibuya-ku, Tokyo, JPN, 150-0002
Kewpie Corp is a Japanese packaged-food company. The company operates through six segments. The Common segment handles shared operations such as food manufacturing machinery and general food products. The Fine Chemicals segment produces ingredients like hyaluronic acid and egg yolk lecithin for pharmaceuticals, cosmetics, and food applications. The For Business Use and For Commercial Use segments manufacture and sell mayonnaise, dressings, pasta sauces, egg products, and salads for household and institutional markets. The Fruit Solutions segment offers jams and processed fruit products for home and industrial use, while the Overseas segment manufactures and sells food products such as mayonnaise and dressings in markets across Asia, North America, and other regions.
81GF Score

Get the complete analysis for TSE:2809

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

円4,845.00
Price
円3,751.18
GF Value