Zozo (TSE:3092) Cyclically Adjusted PS Ratio: 6.14 (As of Aug. 01, 2026) — 40% Below Median

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TSE:3092 Zozo Inc TSE:3092
83 GF Score
Price 円1,143.00
GF Value 円1,450.08
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Zozo Cyclically Adjusted PS Ratio?

Zozo TSE:3092 -4.39% 83 Cyclically Adjusted PS Ratio is 6.14 as of Aug. 01, 2026, which is 40% below its 10-year median of 10.28. GuruFocus rates TSE:3092 with a GF Score™ of 83/100 and a GF Value™ of 円1,450.08 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 793 Retail - Cyclical companies, Zozo ranks worse than 95.33% on this metric.

As of today (2026-08-01), Zozo's current share price is 円1143.00. Zozo's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円186.16. Zozo's Cyclically Adjusted PS Ratio for today is 6.14.

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

TSE:3092' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.32   Med: 10.28   Max: 32.54
Current: 6.14

During the past years, Zozo's highest Cyclically Adjusted PS Ratio was 32.54. The lowest was 5.32. And the median was 10.28.

TSE:3092's Cyclically Adjusted PS Ratio is ranked worse than
95.33% of 793 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs TSE:3092: 6.14

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.

Zozo's adjusted revenue per share data for the three months ended in Mar. 2026 was 円63.872. 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186.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zozo  (TSE:3092) 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.


Zozo Cyclically Adjusted PS Ratio Related Terms


Zozo Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zozo'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.

Zozo Cyclically Adjusted PS Ratio Chart

Zozo 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 11.03 8.43 9.07 8.71 5.94

Zozo 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 8.71 9.15 7.77 7.08 5.94

TSE:3092 vs AMZN, BABA, PDD: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, Zozo'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.


Zozo Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

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

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


TSE:3092
83GF Score
Zozo Inc TSE:3092
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zozo 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1143.00/186.16
=6.14

* 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.

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

For example, Zozo's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=63.872/112.7000*112.7000
=63.872

Current CPI (Mar. 2026) = 112.7000.

Zozo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 16.456 98.100 18.905
201609 17.303 98.000 19.898
201612 23.649 98.400 27.086
201703 24.269 98.100 27.881
201706 22.952 98.500 26.261
201709 22.701 98.800 25.895
201712 30.186 99.400 34.225
201803 29.420 99.200 33.424
201806 28.666 99.200 32.567
201809 29.707 99.900 33.513
201812 39.313 99.700 44.439
201903 31.264 99.700 35.341
201906 30.815 99.800 34.798
201909 31.639 100.100 35.622
201912 37.860 100.500 42.456
202003 36.714 100.300 41.253
202006 36.752 99.900 41.461
202009 35.867 99.900 40.463
202012 45.718 99.300 51.887
202103 42.540 99.900 47.991
202106 42.895 99.500 48.586
202109 41.783 100.100 47.042
202112 52.887 100.100 59.544
202203 47.156 101.100 52.567
202206 47.354 101.800 52.424
202209 45.777 103.100 50.039
202212 58.584 104.100 63.424
202303 52.198 104.400 56.348
202306 50.992 105.200 54.627
202309 49.260 106.200 52.275
202312 63.828 106.800 67.354
202403 55.412 107.200 58.255
202406 56.560 108.200 58.912
202409 54.345 108.900 56.241
202412 69.905 110.700 71.168
202503 58.432 111.100 59.274
202506 60.743 111.700 61.287
202509 57.749 112.000 58.110
202512 75.113 113.000 74.914
202603 63.872 112.700 63.872

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 6.14 mean?
Zozo (TSE:3092) has a Cyclically Adjusted PS Ratio of 6.14 as of Aug. 01, 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 Zozo and its competitors. This is 40% below median its historical median of 10.28. Over the past decade, Zozo's Cyclically Adjusted PS Ratio has ranged from 5.32 to 32.54. According to the industry distribution chart, Zozo ranks #756 out of 793 companies in the Retail - Cyclical industry, placing it in the top 95.3%.
Is Zozo's Cyclically Adjusted PS Ratio too high?
Zozo's current Cyclically Adjusted PS Ratio of 6.14 is 40% below median its 10-year median of 10.28. Over the past 10 years, this metric has ranged from a low of 5.32 to a high of 32.54. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.49. Zozo's value of 6.14 is 1153.1% above this industry median. Based on the distribution chart, Zozo ranks #756 out of 793 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Zozo has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zozo's Cyclically Adjusted PS Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Zozo ranks #756 out of 793 companies for Cyclically Adjusted PS Ratio. This places Zozo in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.49. Zozo's value of 6.14 is 1153.1% above this benchmark. Historically, Zozo's own Cyclically Adjusted PS Ratio has ranged from 5.32 to 32.54 over the past decade. While the company's 10-year median is 10.28 vs. the industry median of 0.49, Zozo 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. Zozo's current Cyclically Adjusted PS Ratio of 6.14 is 1153.1% 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 Zozo 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. Zozo's current Cyclically Adjusted PS Ratio is 6.14, which is 40% below median its own 10-year median of 10.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zozo stock overvalued right now?
Based on GuruFocus' analysis, Zozo (TSE:3092) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,450.08, compared to a current price of 円1,143.00 — trading 21.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.14, which is 40% below median its 10-year median of 10.28 and 1153.1% above the Retail - Cyclical industry median of 0.49. Zozo's overall GF Score™ is 83/100 with 2 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 Zozo (TSE:3092), the current Cyclically Adjusted PS Ratio is 6.14 as of Aug. 01, 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 Zozo (TSE:3092) Overvalued in 2026?

Based on GuruFocus' analysis, Zozo stock appears to be undervalued. The current stock price of 円1,143.00 is trading 21.2% below its estimated GF Value™ of 円1,450.08. GuruFocus considers Zozo to be Modestly Undervalued.

Key valuation signals for TSE:3092:

  • Cyclically Adjusted PS Ratio: 6.14 (40% below median its 10-year median of 10.28)
  • GF Value™: 円1,450.08 vs. price of 円1,143.00 (21.2% below fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 1153.1% above the Retail - Cyclical median (#756 of 793)

No single metric tells the full story. See the TSE:3092 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zozo Business Description

Address 1-15-16 Midori-cho, Inage-ku, Chiba, JPN, 263-0023
Zozo, established in 1998 by Yusaku Maezawa, operates Zozotown, Japan's largest fashion e-commerce platform. Zozotown runs primarily on a consignment model, where brands stock products at Zozo's logistics bases and operate shops as tenants. As of 2025, Zozotown hosts over 11,000 brands and 12.5 million active users. Beyond its core domestic business, Zozo is expanding into adjacent categories such as skincare, cosmetics, and fragrance (near fashion), and internationally through Lyst, a UK-based luxury fashion platform acquired in 2025, and Zozofit, a body measurement app.
83GF Score

Get the complete analysis for TSE:3092

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

円1,143.00
Price
円1,450.08
GF Value