Hulic Co (TSE:3003) Cyclically Adjusted PS Ratio: 2.75 (As of Jul. 13, 2026) — Near Median

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TSE:3003 Hulic Co Ltd TSE:3003
82 GF Score
Price 円1,765.50
GF Value 円2,187.13
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Hulic Co Cyclically Adjusted PS Ratio?

Hulic Co TSE:3003 +0.60% 82 Cyclically Adjusted PS Ratio is 2.75 as of Jul. 13, 2026, which is 4% below its 10-year median of 2.85. GuruFocus rates TSE:3003 with a GF Score™ of 82/100 and a GF Value™ of 円2,187.13 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,360 Real Estate companies, Hulic Co ranks worse than 61.03% on this metric.

As of today (2026-07-13), Hulic Co's current share price is 円1765.50. Hulic Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was 円641.28. Hulic Co's Cyclically Adjusted PS Ratio for today is 2.75.

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

TSE:3003' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.22   Med: 2.85   Max: 4.26
Current: 2.74

During the past years, Hulic Co's highest Cyclically Adjusted PS Ratio was 4.26. The lowest was 2.22. And the median was 2.85.

TSE:3003's Cyclically Adjusted PS Ratio is ranked worse than
61.03% of 1360 companies
in the Real Estate industry
Industry Median: 1.845 vs TSE:3003: 2.74

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.

Hulic Co's adjusted revenue per share data for the three months ended in Dec. 2025 was 円399.164. 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641.28 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hulic Co  (TSE:3003) 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.


Hulic Co Cyclically Adjusted PS Ratio Related Terms


Hulic Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hulic 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.

Hulic Co Cyclically Adjusted PS Ratio Chart

Hulic Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.70 2.27 2.90 2.42 2.67

Hulic Co 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 2.48 2.45 2.68 2.67 0.00

TSE:3003 vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Hulic 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.


Hulic Co Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hulic Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3003
82GF Score
Hulic Co Ltd TSE:3003
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hulic 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1765.50/641.28
=2.75

* 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.

Hulic Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Hulic Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=399.164/113.0000*113.0000
=399.164

Current CPI (Dec. 2025) = 113.0000.

Hulic Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 85.991 97.900 99.254
201606 61.151 98.100 70.439
201609 73.283 98.000 84.500
201612 107.144 98.400 123.041
201703 60.872 98.100 70.118
201706 86.378 98.500 99.094
201709 45.371 98.800 51.892
201712 247.153 99.400 280.969
201803 76.189 99.200 86.788
201806 97.768 99.200 111.369
201809 84.380 99.900 95.445
201812 178.230 99.700 202.006
201903 62.088 99.700 70.371
201906 197.913 99.800 224.090
201909 66.498 100.100 75.068
201912 211.810 100.500 238.155
202003 116.763 100.300 131.548
202006 123.070 99.900 139.208
202009 39.050 99.900 44.171
202012 229.480 99.300 261.140
202103 136.974 99.900 154.936
202106 192.449 99.500 218.560
202109 67.924 100.100 76.677
202112 238.324 100.100 269.037
202203 140.138 101.100 156.633
202206 184.669 101.800 204.986
202209 199.450 103.100 218.602
202212 163.283 104.100 177.243
202303 147.753 104.400 159.924
202306 93.823 105.200 100.779
202309 124.275 106.200 132.232
202312 220.587 106.800 233.393
202403 141.123 107.200 148.758
202406 127.769 108.200 133.437
202409 144.676 108.900 150.123
202412 363.361 110.700 370.911
202503 189.706 111.100 192.950
202506 188.731 111.700 190.928
202509 163.382 112.000 164.841
202512 399.164 113.000 399.164

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 2.75 mean?
Hulic Co (TSE:3003) has a Cyclically Adjusted PS Ratio of 2.75 as of Jul. 13, 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 Hulic Co and its competitors. This is near median its historical median of 2.85. Over the past decade, Hulic Co's Cyclically Adjusted PS Ratio has ranged from 2.22 to 4.26. According to the industry distribution chart, Hulic Co ranks #830 out of 1360 companies in the Real Estate industry, placing it in the top 61%.
Is Hulic Co's Cyclically Adjusted PS Ratio too high?
Hulic Co's current Cyclically Adjusted PS Ratio of 2.75 is near median its 10-year median of 2.85. Over the past 10 years, this metric has ranged from a low of 2.22 to a high of 4.26. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.85. Hulic Co's value of 2.75 is 49.1% above this industry median. Based on the distribution chart, Hulic Co ranks #830 out of 1360 companies in the Real Estate industry, which is below the industry midpoint. Overall, Hulic Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hulic Co's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hulic Co ranks #830 out of 1360 companies for Cyclically Adjusted PS Ratio. This places Hulic Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.85. Hulic Co's value of 2.75 is 49.1% above this benchmark. Historically, Hulic Co's own Cyclically Adjusted PS Ratio has ranged from 2.22 to 4.26 over the past decade. While the company's 10-year median is 2.85 vs. the industry median of 1.85, Hulic 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.85, based on 1,360 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. Hulic Co's current Cyclically Adjusted PS Ratio of 2.75 is 49.1% 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 Hulic Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hulic Co's current Cyclically Adjusted PS Ratio is 2.75, which is near median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hulic Co stock overvalued right now?
Based on GuruFocus' analysis, Hulic Co (TSE:3003) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,187.13, compared to a current price of 円1,765.50 — trading 19.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.75, which is near median its 10-year median of 2.85 and 49.1% above the Real Estate industry median of 1.85. Hulic Co's overall GF Score™ is 82/100 with 3 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 Hulic Co (TSE:3003), the current Cyclically Adjusted PS Ratio is 2.75 as of Jul. 13, 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 Hulic Co (TSE:3003) Overvalued in 2026?

Based on GuruFocus' analysis, Hulic Co stock appears to be undervalued. The current stock price of 円1,765.50 is trading 19.3% below its estimated GF Value™ of 円2,187.13. GuruFocus considers Hulic Co to be Modestly Undervalued.

Key valuation signals for TSE:3003:

  • Cyclically Adjusted PS Ratio: 2.75 (near median its 10-year median of 2.85)
  • GF Value™: 円2,187.13 vs. price of 円1,765.50 (19.3% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 49.1% above the Real Estate median (#830 of 1360)

No single metric tells the full story. See the TSE:3003 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hulic Co Business Description

Other Exchanges HULCF:USA87W:Germany
Address 7-3 Nihonbashi Odenmacho, Chuo-ku, Tokyo, JPN, 103-0011
Hulic Co Ltd is a real estate developer with its core operations in real estate business such as development, reconstruction, and investment. The company operates a real estate leasing business based on ownership of numerous properties located in Tokyo 23 wards.
82GF Score

Get the complete analysis for TSE:3003

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

円1,765.50
Price
円2,187.13
GF Value