Thermae-Yu Holdings Co (TSE:3521) Cyclically Adjusted PS Ratio: 2.04 (As of Aug. 12, 2026) — 32% Below Median

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TSE:3521 Thermae-Yu Holdings Co Ltd TSE:3521
63 GF Score
Price 円155.00
GF Value 円227.69
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Thermae-Yu Holdings Co Cyclically Adjusted PS Ratio?

Thermae-Yu Holdings Co TSE:3521 +0.65% 63 Cyclically Adjusted PS Ratio is 2.04 as of Aug. 12, 2026, which is 32% below its 10-year median of 3.02. GuruFocus rates TSE:3521 with a GF Score™ of 63/100 and a GF Value™ of 円227.69 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,369 Real Estate companies, Thermae-Yu Holdings Co ranks worse than 53.18% on this metric.

As of today (2026-08-12), Thermae-Yu Holdings Co's current share price is 円155.00. Thermae-Yu Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円75.88. Thermae-Yu Holdings Co's Cyclically Adjusted PS Ratio for today is 2.04.

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

TSE:3521' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.98   Med: 3.02   Max: 4.59
Current: 2.03

During the past years, Thermae-Yu Holdings Co's highest Cyclically Adjusted PS Ratio was 4.59. The lowest was 1.98. And the median was 3.02.

TSE:3521's Cyclically Adjusted PS Ratio is ranked worse than
53.18% of 1369 companies
in the Real Estate industry
Industry Median: 1.78 vs TSE:3521: 2.03

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.

Thermae-Yu Holdings Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円26.283. 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75.88 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thermae-Yu Holdings Co  (TSE:3521) 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.


Thermae-Yu Holdings Co Cyclically Adjusted PS Ratio Related Terms


Thermae-Yu Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thermae-Yu Holdings 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.

Thermae-Yu Holdings Co Cyclically Adjusted PS Ratio Chart

Thermae-Yu Holdings Co 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 3.07 3.05 2.14 0.00 2.06

Thermae-Yu Holdings Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 2.18 2.14 2.34 2.06

TSE:3521 vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Thermae-Yu Holdings 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.


Thermae-Yu Holdings Co Cyclically Adjusted PS Ratio vs Real Estate Industry

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

* The bar in red indicates where Thermae-Yu Holdings Co's Cyclically Adjusted PS Ratio falls into.


TSE:3521
63GF Score
Thermae-Yu Holdings Co Ltd TSE:3521
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thermae-Yu Holdings 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.

Thermae-Yu Holdings Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=155.00/75.88
=2.04

* 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.

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

For example, Thermae-Yu Holdings 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)
=26.283/112.7000*112.7000
=26.283

Current CPI (Mar. 2026) = 112.7000.

Thermae-Yu Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 19.066 97.900 21.948
201606 16.806 98.100 19.307
201609 18.871 98.000 21.702
201612 24.863 98.400 28.476
201703 23.240 98.100 26.699
201706 20.665 98.500 23.644
201709 22.678 98.800 25.869
201712 24.610 99.400 27.903
201803 20.505 99.200 23.295
201806 17.963 99.200 20.408
201809 18.700 99.900 21.096
201812 19.911 99.700 22.507
201903 23.670 99.700 26.756
201906 20.301 99.800 22.925
201909 20.459 100.100 23.034
201912 20.791 100.500 23.315
202003 17.361 100.300 19.507
202006 3.529 99.900 3.981
202009 6.791 99.900 7.661
202012 10.243 99.300 11.625
202103 7.490 99.900 8.450
202106 4.317 99.500 4.890
202109 6.723 100.100 7.569
202112 12.383 100.100 13.942
202203 9.495 101.100 10.584
202206 11.321 101.800 12.533
202209 12.067 103.100 13.191
202212 15.635 104.100 16.927
202303 14.116 104.400 15.238
202306 17.124 105.200 18.345
202309 17.023 106.200 18.065
202312 18.494 106.800 19.516
202403 18.762 107.200 19.725
202406 17.371 108.200 18.093
202409 18.923 108.900 19.583
202503 0.000 111.100 0.000
202506 18.576 111.700 18.742
202509 27.718 112.000 27.891
202512 28.697 113.000 28.621
202603 26.283 112.700 26.283

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 2.04 mean?
Thermae-Yu Holdings Co (TSE:3521) has a Cyclically Adjusted PS Ratio of 2.04 as of Aug. 12, 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 Thermae-Yu Holdings Co and its competitors. This is 32% below median its historical median of 3.02. Over the past decade, Thermae-Yu Holdings Co's Cyclically Adjusted PS Ratio has ranged from 1.98 to 4.59. According to the industry distribution chart, Thermae-Yu Holdings Co ranks #728 out of 1369 companies in the Real Estate industry, placing it in the top 53.2%.
Is Thermae-Yu Holdings Co's Cyclically Adjusted PS Ratio too high?
Thermae-Yu Holdings Co's current Cyclically Adjusted PS Ratio of 2.04 is 32% below median its 10-year median of 3.02. Over the past 10 years, this metric has ranged from a low of 1.98 to a high of 4.59. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. Thermae-Yu Holdings Co's value of 2.04 is 14.6% above this industry median. Based on the distribution chart, Thermae-Yu Holdings Co ranks #728 out of 1369 companies in the Real Estate industry, which is below the industry midpoint. Overall, Thermae-Yu Holdings Co has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thermae-Yu Holdings Co's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Thermae-Yu Holdings Co ranks #728 out of 1369 companies for Cyclically Adjusted PS Ratio. This places Thermae-Yu Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.78. Thermae-Yu Holdings Co's value of 2.04 is 14.6% above this benchmark. Historically, Thermae-Yu Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 1.98 to 4.59 over the past decade. While the company's 10-year median is 3.02 vs. the industry median of 1.78, Thermae-Yu Holdings 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 1.78, based on 1,369 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. Thermae-Yu Holdings Co's current Cyclically Adjusted PS Ratio of 2.04 is 14.6% 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 Thermae-Yu Holdings 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. Thermae-Yu Holdings Co's current Cyclically Adjusted PS Ratio is 2.04, which is 32% below median its own 10-year median of 3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermae-Yu Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Thermae-Yu Holdings Co (TSE:3521) is currently considered Significantly Undervalued. The stock's GF Value™ is 円227.69, compared to a current price of 円155.00 — trading 31.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.04, which is 32% below median its 10-year median of 3.02 and 14.6% above the Real Estate industry median of 1.78. Thermae-Yu Holdings Co's overall GF Score™ is 63/100 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 Thermae-Yu Holdings Co (TSE:3521), the current Cyclically Adjusted PS Ratio is 2.04 as of Aug. 12, 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 Thermae-Yu Holdings Co (TSE:3521) Overvalued in 2026?

Based on GuruFocus' analysis, Thermae-Yu Holdings Co stock appears to be undervalued. The current stock price of 円155.00 is trading 31.9% below its estimated GF Value™ of 円227.69. GuruFocus considers Thermae-Yu Holdings Co to be Significantly Undervalued.

Key valuation signals for TSE:3521:

  • Cyclically Adjusted PS Ratio: 2.04 (32% below median its 10-year median of 3.02)
  • GF Value™: 円227.69 vs. price of 円155.00 (31.9% below fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 14.6% above the Real Estate median (#728 of 1369)

No single metric tells the full story. See the TSE:3521 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thermae-Yu Holdings Co Business Description

Address No. 7 - 8 - 4, Minami Aoyama, Minato-ku, Tokyo, JPN, 107-0062
Thermae-Yu Holdings Co Ltd is engaged in the maintenance and guidance of business activities of group companies through ownership of real estate business and textile business and stocks.
63GF Score

Get the complete analysis for TSE:3521

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

円155.00
Price
円227.69
GF Value