Shinobu Foods Products Co (TSE:2903) Cyclically Adjusted PS Ratio: 0.38 (As of Aug. 03, 2026) — 65% Above Median

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TSE:2903 Shinobu Foods Products Co Ltd TSE:2903
69 GF Score
Price 円1,712.00
GF Value 円1,271.85
Valuation Significantly Overvalued
View Full Analysis

What is Shinobu Foods Products Co Cyclically Adjusted PS Ratio?

Shinobu Foods Products Co TSE:2903 +0.53% 69 Cyclically Adjusted PS Ratio is 0.38 as of Aug. 03, 2026, which is 65% above its 10-year median of 0.23. GuruFocus rates TSE:2903 with a GF Score™ of 69/100 and a GF Value™ of 円1,271.85 (Significantly Overvalued). Among 1,451 Consumer Packaged Goods companies, Shinobu Foods Products Co ranks better than 70.92% on this metric.

As of today (2026-08-03), Shinobu Foods Products Co's current share price is 円1712.00. Shinobu Foods Products Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was 円4,503.47. Shinobu Foods Products Co's Cyclically Adjusted PS Ratio for today is 0.38.

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

TSE:2903' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.23   Max: 0.48
Current: 0.38

During the past 13 years, Shinobu Foods Products Co's highest Cyclically Adjusted PS Ratio was 0.48. The lowest was 0.17. And the median was 0.23.

TSE:2903's Cyclically Adjusted PS Ratio is ranked better than
70.92% of 1451 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs TSE:2903: 0.38

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.

Shinobu Foods Products Co's adjusted revenue per share data of for the fiscal year that ended in Mar26 was 円5,458.821. 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4,503.47 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shinobu Foods Products Co  (TSE:2903) 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.


Shinobu Foods Products Co Cyclically Adjusted PS Ratio Related Terms


Shinobu Foods Products Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shinobu Foods Products 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.

Shinobu Foods Products Co Cyclically Adjusted PS Ratio Chart

Shinobu Foods Products 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 0.18 0.18 0.24 0.21 0.34

Shinobu Foods Products 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 0.24 0.00 0.21 0.00 0.34

TSE:2903 vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Shinobu Foods Products 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.


Shinobu Foods Products Co Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Shinobu Foods Products Co's Cyclically Adjusted PS Ratio falls into.


TSE:2903
69GF Score
Shinobu Foods Products Co Ltd TSE:2903
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinobu Foods Products 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.

Shinobu Foods Products Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1712.00/4503.47
=0.38

* 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.

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

For example, Shinobu Foods Products 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)
=5458.821/112.7000*112.7000
=5,458.821

Current CPI (Mar26) = 112.7000.

Shinobu Foods Products Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 3,564.386 98.100 4,094.865
201803 3,681.507 99.200 4,182.519
201903 3,847.565 99.700 4,349.254
202003 4,154.833 100.300 4,668.491
202103 3,599.810 99.900 4,061.047
202203 3,885.402 101.100 4,331.205
202303 4,093.585 104.400 4,419.033
202403 4,426.368 107.200 4,653.467
202503 4,747.674 111.100 4,816.047
202603 5,458.821 112.700 5,458.821

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 0.38 mean?
Shinobu Foods Products Co (TSE:2903) has a Cyclically Adjusted PS Ratio of 0.38 as of Aug. 03, 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 Shinobu Foods Products Co and its competitors. This is 65% above median its historical median of 0.23. Over the past decade, Shinobu Foods Products Co's Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.48. According to the industry distribution chart, Shinobu Foods Products Co ranks #422 out of 1451 companies in the Consumer Packaged Goods industry, placing it in the top 29.1%.
Is Shinobu Foods Products Co's Cyclically Adjusted PS Ratio too high?
Shinobu Foods Products Co's current Cyclically Adjusted PS Ratio of 0.38 is 65% above median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.48. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. Shinobu Foods Products Co's value of 0.38 is 50% below this industry median. Based on the distribution chart, Shinobu Foods Products Co ranks #422 out of 1451 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Shinobu Foods Products Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinobu Foods Products Co's Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Shinobu Foods Products Co ranks #422 out of 1451 companies for Cyclically Adjusted PS Ratio. This puts Shinobu Foods Products Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Shinobu Foods Products Co's value of 0.38 is 50% below this benchmark. Historically, Shinobu Foods Products Co's own Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.48 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.76, Shinobu Foods Products Co 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.76, based on 1,451 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. Shinobu Foods Products Co's current Cyclically Adjusted PS Ratio of 0.38 is 50% 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 Shinobu Foods Products Co 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. Shinobu Foods Products Co's current Cyclically Adjusted PS Ratio is 0.38, which is 65% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinobu Foods Products Co stock overvalued right now?
Based on GuruFocus' analysis, Shinobu Foods Products Co (TSE:2903) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,271.85, compared to a current price of 円1,712.00 — trading 34.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.38, which is 65% above median its 10-year median of 0.23 and 50% below the Consumer Packaged Goods industry median of 0.76. Shinobu Foods Products Co's overall GF Score™ is 69/100. 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 Shinobu Foods Products Co (TSE:2903), the current Cyclically Adjusted PS Ratio is 0.38 as of Aug. 03, 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 Shinobu Foods Products Co (TSE:2903) Overvalued in 2026?

Based on GuruFocus' analysis, Shinobu Foods Products Co stock appears to be overvalued. The current stock price of 円1,712.00 is trading 34.6% above its estimated GF Value™ of 円1,271.85. GuruFocus considers Shinobu Foods Products Co to be Significantly Overvalued.

Key valuation signals for TSE:2903:

  • Cyclically Adjusted PS Ratio: 0.38 (65% above median its 10-year median of 0.23)
  • GF Value™: 円1,271.85 vs. price of 円1,712.00 (34.6% above fair value)
  • GF Score™: 69/100
  • Industry Position: 50% below the Consumer Packaged Goods median (#422 of 1451)

No single metric tells the full story. See the TSE:2903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinobu Foods Products Co Business Description

Address 2-3-18 Takeshima, Nishiyodogawa Ward, Osaka, JPN
Shinobu Foods Products Co Ltd is a Japanese food company. It offers processed food products. The product portfolio of the company includes Onigiri Q, Mckee bar, rice ball onigiri, fluffy rice ball, cabbage dinner meal box and others.
69GF Score

Get the complete analysis for TSE:2903

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

円1,712.00
Price
円1,271.85
GF Value