Dualtap Co (TSE:3469) Cyclically Adjusted PS Ratio: 0.33 (As of Sep. 15, 2026) — 11% Below Median

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TSE:3469 Dualtap Co Ltd TSE:3469
56 GF Score
Price 円870.00
GF Value 円788.73
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Dualtap Co Cyclically Adjusted PS Ratio?

Dualtap Co TSE:3469 -2.25% 56 Cyclically Adjusted PS Ratio is 0.33 as of Sep. 15, 2026, which is 11% below its 10-year median of 0.37. GuruFocus rates TSE:3469 with a GF Score™ of 56/100 and a GF Value™ of 円788.73 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,366 Real Estate companies, Dualtap Co ranks better than 84.85% on this metric.

As of today (2026-09-15), Dualtap Co's current share price is 円870.00. Dualtap Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,615.23. Dualtap Co's Cyclically Adjusted PS Ratio for today is 0.33.

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

TSE:3469' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.37   Max: 0.38
Current: 0.33

During the past years, Dualtap Co's highest Cyclically Adjusted PS Ratio was 0.38. The lowest was 0.33. And the median was 0.37.

TSE:3469's Cyclically Adjusted PS Ratio is ranked better than
84.85% of 1366 companies
in the Real Estate industry
Industry Median: 1.78 vs TSE:3469: 0.33

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.

Dualtap Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円365.938. 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2,615.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dualtap Co  (TSE:3469) 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.


Dualtap Co Cyclically Adjusted PS Ratio Related Terms


Dualtap Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Dualtap 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.

Dualtap Co Cyclically Adjusted PS Ratio Chart

Dualtap Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.19 0.41 0.37 0.35

Dualtap Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.37 0.33 0.35 0.37 0.34

Dualtap Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Dualtap 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.


Dualtap Co Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


TSE:3469
56GF Score
Dualtap Co Ltd TSE:3469
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dualtap 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=870.00/2615.228
=0.33

* 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.

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

For example, Dualtap Co'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)
=365.938/112.7000*112.7000
=365.938

Current CPI (Mar. 2026) = 112.7000.

Dualtap Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
0.000 0.000
201606 655.759 98.100 753.354
201609 470.000 98.000 540.500
201612 977.371 98.400 1,119.408
201703 930.064 98.100 1,068.483
201706 530.789 98.500 607.309
201709 752.904 98.800 858.829
201712 1,141.841 99.400 1,294.623
201803 567.151 99.200 644.334
201806 402.469 99.200 457.240
201809 478.492 99.900 539.800
201812 263.281 99.700 297.611
201903 1,118.009 99.700 1,263.788
201906 914.386 99.800 1,032.578
201909 273.790 100.100 308.253
201912 540.879 100.500 606.538
202003 885.945 100.300 995.474
202006 413.845 99.900 466.870
202009 270.842 99.900 305.544
202012 353.681 99.300 401.408
202103 162.486 99.900 183.305
202106 1,004.666 99.500 1,137.948
202109 622.491 100.100 700.847
202112 662.332 100.100 745.702
202203 600.264 101.100 669.137
202206 1,248.692 101.800 1,382.393
202209 1,447.743 103.100 1,582.547
202212 366.116 104.100 396.362
202303 154.224 104.400 166.485
202306 543.853 105.200 582.626
202309 166.166 106.200 176.336
202312 164.640 106.800 173.735
202403 496.011 107.200 521.459
202406 677.606 108.200 705.787
202412 532.080 110.700 541.693
202503 276.314 111.100 280.293
202506 1,037.582 111.700 1,046.871
202509 94.029 112.000 94.617
202512 620.539 113.000 618.892
202603 365.938 112.700 365.938

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 0.33 mean?
Dualtap Co (TSE:3469) has a Cyclically Adjusted PS Ratio of 0.33 as of Sep. 15, 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 Dualtap Co and its competitors. This is 11% below median its historical median of 0.37. Over the past decade, Dualtap Co's Cyclically Adjusted PS Ratio has ranged from 0.33 to 0.38. According to the industry distribution chart, Dualtap Co ranks #207 out of 1366 companies in the Real Estate industry, placing it in the top 15.2%.
Is Dualtap Co's Cyclically Adjusted PS Ratio too high?
Dualtap Co's current Cyclically Adjusted PS Ratio of 0.33 is 11% below median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 0.38. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. Dualtap Co's value of 0.33 is 81.5% below this industry median. Based on the distribution chart, Dualtap Co ranks #207 out of 1366 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Dualtap Co has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dualtap Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Dualtap Co ranks #207 out of 1366 companies for Cyclically Adjusted PS Ratio. This places Dualtap Co in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.78. Dualtap Co's value of 0.33 is 81.5% below this benchmark. Historically, Dualtap Co's own Cyclically Adjusted PS Ratio has ranged from 0.33 to 0.38 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 1.78, Dualtap 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.78, based on 1,366 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. Dualtap Co's current Cyclically Adjusted PS Ratio of 0.33 is 81.5% 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 Dualtap Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dualtap Co's current Cyclically Adjusted PS Ratio is 0.33, which is 11% below median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dualtap Co stock overvalued right now?
Based on GuruFocus' analysis, Dualtap Co (TSE:3469) is currently considered Fairly Valued. The stock's GF Value™ is 円788.73, compared to a current price of 円870.00 — trading 10.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.33, which is 11% below median its 10-year median of 0.37 and 81.5% below the Real Estate industry median of 1.78. Dualtap Co's overall GF Score™ is 56/100 with 6 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 Dualtap Co (TSE:3469), the current Cyclically Adjusted PS Ratio is 0.33 as of Sep. 15, 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 Dualtap Co (TSE:3469) Overvalued in 2026?

Based on GuruFocus' analysis, Dualtap Co stock appears to be overvalued. The current stock price of 円870.00 is trading 10.3% above its estimated GF Value™ of 円788.73. GuruFocus considers Dualtap Co to be Fairly Valued.

Key valuation signals for TSE:3469:

  • Cyclically Adjusted PS Ratio: 0.33 (11% below median its 10-year median of 0.37)
  • GF Value™: 円788.73 vs. price of 円870.00 (10.3% above fair value)
  • GF Score™: 56/100 with 6 warning signs
  • Industry Position: 81.5% below the Real Estate median (#207 of 1366)

No single metric tells the full story. See the TSE:3469 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dualtap Co Business Description

Address 4-7 Hisamatsucho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-0005
Dualtap Co Ltd is a real estate company. Along with its subsidiaries, the company operates across various business segments such as the Real estate sales business, Real estate management business, Overseas real estate business, and the Sales support business. A majority of its revenue is generated from the Real estate sales business which plans and develops asset management condominiums, called XEBEC across various wards of Tokyo. The properties developed are sold to individual investors, REITs, real estate funds, corporate corporations, etc.
56GF Score

Get the complete analysis for TSE:3469

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

円870.00
Price
円788.73
GF Value