Miyaji Engineering Group (TSE:3431) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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:3431 Miyaji Engineering Group Inc TSE:3431
64 GF Score
Price 円1,568.00
GF Value 円1,450.79
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Miyaji Engineering Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Miyaji Engineering Group  (TSE:3431) 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.


Miyaji Engineering Group Cyclically Adjusted PS Ratio Related Terms


Miyaji Engineering Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Miyaji Engineering Group'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.

Miyaji Engineering Group Cyclically Adjusted PS Ratio Chart

Miyaji Engineering Group 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 0.55 0.53 1.11 0.80 0.75

Miyaji Engineering Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.83 0.89 0.82 0.75 0.66

TSE:3431 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Miyaji Engineering Group'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.


Miyaji Engineering Group Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Miyaji Engineering Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3431
64GF Score
Miyaji Engineering Group Inc TSE:3431
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Miyaji Engineering Group 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.

Miyaji Engineering Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Miyaji Engineering Group's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=430.899/113.6000*113.6000
=430.899

Current CPI (Jun. 2026) = 113.6000.

Miyaji Engineering Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 343.564 98.000 398.254
201612 292.723 98.400 337.940
201703 380.266 98.100 440.349
201706 380.331 98.500 438.636
201709 489.693 98.800 563.048
201712 405.153 99.400 463.032
201803 455.891 99.200 522.069
201806 426.794 99.200 488.748
201809 459.499 99.900 522.513
201812 475.621 99.700 541.931
201903 550.573 99.700 627.333
201906 556.502 99.800 633.453
201909 552.156 100.100 626.623
201912 607.071 100.500 686.202
202003 629.488 100.300 712.959
202006 508.421 99.900 578.144
202009 520.840 99.900 592.267
202012 467.329 99.300 534.628
202103 533.698 99.900 606.888
202106 467.654 99.500 533.925
202109 499.172 100.100 566.493
202112 604.399 100.100 685.911
202203 559.549 101.100 628.732
202206 454.445 101.800 507.121
202209 572.389 103.100 630.683
202212 582.470 104.100 635.625
202303 605.174 104.400 658.504
202306 576.279 105.200 622.294
202309 588.186 106.200 629.171
202312 757.367 106.800 805.589
202403 626.615 107.200 664.025
202406 576.506 108.200 605.278
202409 759.330 108.900 792.102
202412 672.310 110.700 689.922
202503 784.192 111.100 801.838
202506 555.601 111.700 565.052
202509 511.822 112.000 519.134
202512 475.546 113.000 478.071
202603 593.575 112.700 598.315
202606 430.899 113.600 430.899

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.

Is Miyaji Engineering Group (TSE:3431) Overvalued in 2026?

Based on GuruFocus' analysis, Miyaji Engineering Group stock appears to be overvalued. The current stock price of 円1,568.00 is trading 8.1% above its estimated GF Value™ of 円1,450.79. GuruFocus considers Miyaji Engineering Group to be Fairly Valued.

Key valuation signals for TSE:3431:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円1,450.79 vs. price of 円1,568.00 (8.1% above fair value)
  • GF Score™: 64/100 with 5 warning signs

No single metric tells the full story. See the TSE:3431 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Miyaji Engineering Group Business Description

Address 7-5 Ohdenma-cho, 9-19, Tomizawa-cho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-0006
Miyaji Engineering Group Inc is a Japan-based construction engineering company. Along with its subsidiaries, the firm is engaged in designing, production, installation, maintenance, and repair of bridges, steel frames, and other steel structures. The company also undertakes civil engineering work and floor planning.
64GF Score

Get the complete analysis for TSE:3431

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

円1,568.00
Price
円1,450.79
GF Value