Tokyo Base Co (TSE:3415) Cyclically Adjusted PS Ratio: 0.98 (As of Aug. 31, 2026) — 15% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3415 Tokyo Base Co Ltd TSE:3415
92 GF Score
Price 円371.00
GF Value 円433.21
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Tokyo Base Co Cyclically Adjusted PS Ratio?

Tokyo Base Co TSE:3415 -1.33% 92 Cyclically Adjusted PS Ratio is 0.98 as of Aug. 31, 2026, which is 15% below its 10-year median of 1.15. GuruFocus rates TSE:3415 with a GF Score™ of 92/100 and a GF Value™ of 円433.21 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 798 Retail - Cyclical companies, Tokyo Base Co ranks worse than 67.54% on this metric.

As of today (2026-08-31), Tokyo Base Co's current share price is 円371.00. Tokyo Base Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2026 was 円378.21. Tokyo Base Co's Cyclically Adjusted PS Ratio for today is 0.98.

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

TSE:3415' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.15   Max: 1.59
Current: 0.98

During the past years, Tokyo Base Co's highest Cyclically Adjusted PS Ratio was 1.59. The lowest was 0.76. And the median was 1.15.

TSE:3415's Cyclically Adjusted PS Ratio is ranked worse than
67.54% of 798 companies
in the Retail - Cyclical industry
Industry Median: 0.515 vs TSE:3415: 0.98

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.

Tokyo Base Co's adjusted revenue per share data for the three months ended in Jan. 2026 was 円176.414. 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378.21 for the trailing ten years ended in Jan. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokyo Base Co  (TSE:3415) 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.


Tokyo Base Co Cyclically Adjusted PS Ratio Related Terms


Tokyo Base Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tokyo Base 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.

Tokyo Base Co Cyclically Adjusted PS Ratio Chart

Tokyo Base Co Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.12

Tokyo Base Co Quarterly Data
Feb21 May21 Aug21 Nov21 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.76 1.39 1.25 1.12 0.00

TSE:3415 vs TJX, ROST, BURL: Cyclically Adjusted PS Ratio Comparison

For the Apparel Retail subindustry, Tokyo Base 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.


Tokyo Base Co Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

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

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


TSE:3415
92GF Score
Tokyo Base Co Ltd TSE:3415
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyo Base 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=371.00/378.21
=0.98

* 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.

Tokyo Base Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2026 is calculated as:

For example, Tokyo Base Co's adjusted Revenue per Share data for the three months ended in Jan. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=176.414/112.9000*112.9000
=176.414

Current CPI (Jan. 2026) = 112.9000.

Tokyo Base Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201511 44.214 98.100 50.884
201602 41.106 97.800 47.453
201605 40.043 98.200 46.037
201608 37.227 97.900 42.931
201611 59.312 98.600 67.914
201702 62.195 98.100 71.578
201705 61.847 98.600 70.817
201708 54.529 98.500 62.501
201711 76.727 99.100 87.411
201802 81.079 99.500 91.998
201805 60.964 99.300 69.314
201808 58.503 99.800 66.182
201811 82.932 100.000 93.630
201902 88.775 99.700 100.529
201905 76.195 100.000 86.024
201908 67.462 100.000 76.165
201911 84.461 100.500 94.882
202002 90.577 100.300 101.956
202005 50.574 100.100 57.041
202008 73.569 100.100 82.976
202011 99.692 99.500 113.118
202102 96.493 99.800 109.159
202105 89.149 99.400 101.257
202108 91.781 99.700 103.933
202111 110.861 100.100 125.037
202204 93.145 101.500 103.607
202207 99.137 102.300 109.409
202210 96.557 103.700 105.123
202301 127.677 104.700 137.677
202304 103.023 105.100 110.669
202307 107.519 105.700 114.843
202310 101.341 107.100 106.829
202401 116.545 106.900 123.086
202404 105.502 107.700 110.596
202407 99.936 108.600 103.893
202501 0.000 111.200 0.000
202504 112.604 111.500 114.018
202507 121.442 111.900 122.527
202510 128.030 112.800 128.144
202601 176.414 112.900 176.414

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 0.98 mean?
Tokyo Base Co (TSE:3415) has a Cyclically Adjusted PS Ratio of 0.98 as of Aug. 31, 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 Tokyo Base Co and its competitors. This is 15% below median its historical median of 1.15. Over the past decade, Tokyo Base Co's Cyclically Adjusted PS Ratio has ranged from 0.76 to 1.59. According to the industry distribution chart, Tokyo Base Co ranks #539 out of 798 companies in the Retail - Cyclical industry, placing it in the top 67.5%.
Is Tokyo Base Co's Cyclically Adjusted PS Ratio too high?
Tokyo Base Co's current Cyclically Adjusted PS Ratio of 0.98 is 15% below median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 1.59. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.52. Tokyo Base Co's value of 0.98 is 90.3% above this industry median. Based on the distribution chart, Tokyo Base Co ranks #539 out of 798 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Tokyo Base Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Base Co's Cyclically Adjusted PS Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Tokyo Base Co ranks #539 out of 798 companies for Cyclically Adjusted PS Ratio. This places Tokyo Base Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.52. Tokyo Base Co's value of 0.98 is 90.3% above this benchmark. Historically, Tokyo Base Co's own Cyclically Adjusted PS Ratio has ranged from 0.76 to 1.59 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 0.52, Tokyo Base 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.52, based on 798 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. Tokyo Base Co's current Cyclically Adjusted PS Ratio of 0.98 is 90.3% 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 Tokyo Base Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Base Co's current Cyclically Adjusted PS Ratio is 0.98, which is 15% below median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Base Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Base Co (TSE:3415) is currently considered Modestly Undervalued. The stock's GF Value™ is 円433.21, compared to a current price of 円371.00 — trading 14.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.98, which is 15% below median its 10-year median of 1.15 and 90.3% above the Retail - Cyclical industry median of 0.52. Tokyo Base Co's overall GF Score™ is 92/100 with 1 warning sign 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 Tokyo Base Co (TSE:3415), the current Cyclically Adjusted PS Ratio is 0.98 as of Aug. 31, 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 Tokyo Base Co (TSE:3415) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Base Co stock appears to be undervalued. The current stock price of 円371.00 is trading 14.4% below its estimated GF Value™ of 円433.21. GuruFocus considers Tokyo Base Co to be Modestly Undervalued.

Key valuation signals for TSE:3415:

  • Cyclically Adjusted PS Ratio: 0.98 (15% below median its 10-year median of 1.15)
  • GF Value™: 円433.21 vs. price of 円371.00 (14.4% below fair value)
  • GF Score™: 92/100 with 1 warning sign
  • Industry Position: 90.3% above the Retail - Cyclical median (#539 of 798)

No single metric tells the full story. See the TSE:3415 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyo Base Co Business Description

Address 3-11-13 Minami-Aoyama, Minato-ku, Tokyo, JPN, 150-0002
Tokyo Base Co Ltd is engaged in the retail sale of apparel goods for men and women. The company operates its stores under the STUDIOUS, UNITED TOKYO, CITY, and PUBLIC TOKYO brand names. The company products include tops, bottoms, shoes, bags, accessories and other goods.
92GF Score

Get the complete analysis for TSE:3415

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

円371.00
Price
円433.21
GF Value