Atsugi Co (TSE:3529) Cyclically Adjusted PS Ratio: 0.76 (As of Aug. 02, 2026) — 33% Above 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:3529 Atsugi Co Ltd TSE:3529
55 GF Score
Price 円1,088.00
GF Value 円950.05
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Atsugi Co Cyclically Adjusted PS Ratio?

Atsugi Co TSE:3529 -0.64% 55 Cyclically Adjusted PS Ratio is 0.76 as of Aug. 02, 2026, which is 33% above its 10-year median of 0.57. GuruFocus rates TSE:3529 with a GF Score™ of 55/100 and a GF Value™ of 円950.05 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 886 Manufacturing - Apparel & Accessories companies, Atsugi Co ranks worse than 54.06% on this metric.

As of today (2026-08-02), Atsugi Co's current share price is 円1088.00. Atsugi Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was 円1,435.15. Atsugi Co's Cyclically Adjusted PS Ratio for today is 0.76.

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

TSE:3529' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.57   Max: 0.98
Current: 0.75

During the past 13 years, Atsugi Co's highest Cyclically Adjusted PS Ratio was 0.98. The lowest was 0.25. And the median was 0.57.

TSE:3529's Cyclically Adjusted PS Ratio is ranked worse than
54.06% of 886 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.64 vs TSE:3529: 0.75

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.

Atsugi Co's adjusted revenue per share data of for the fiscal year that ended in Mar26 was 円1,340.556. 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1,435.15 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Atsugi Co  (TSE:3529) 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.


Atsugi Co Cyclically Adjusted PS Ratio Related Terms


Atsugi Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Atsugi 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.

Atsugi Co Cyclically Adjusted PS Ratio Chart

Atsugi 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 0.44 0.29 0.40 0.76 0.64

Atsugi Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.40 0.00 0.76 0.00 0.64

TSE:3529 vs RL, LEVI, VFC: Cyclically Adjusted PS Ratio Comparison

For the Apparel Manufacturing subindustry, Atsugi 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.


Atsugi Co Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Atsugi Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3529
55GF Score
Atsugi Co Ltd TSE:3529
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Atsugi 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1088.00/1435.15
=0.76

* 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.

Atsugi Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Atsugi Co's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=1340.556/112.7000*112.7000
=1,340.556

Current CPI (Mar26) = 112.7000.

Atsugi Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 1,421.740 98.100 1,633.334
201803 1,481.942 99.200 1,683.618
201903 1,363.977 99.700 1,541.828
202003 1,223.865 100.300 1,375.170
202103 1,012.415 99.900 1,142.134
202203 1,338.138 101.100 1,491.673
202303 1,279.518 104.400 1,381.242
202403 1,309.117 107.200 1,376.283
202503 1,365.963 111.100 1,385.635
202603 1,340.556 112.700 1,340.556

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 0.76 mean?
Atsugi Co (TSE:3529) has a Cyclically Adjusted PS Ratio of 0.76 as of Aug. 02, 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 Atsugi Co and its competitors. This is 33% above median its historical median of 0.57. Over the past decade, Atsugi Co's Cyclically Adjusted PS Ratio has ranged from 0.25 to 0.98. According to the industry distribution chart, Atsugi Co ranks #479 out of 886 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 54.1%.
Is Atsugi Co's Cyclically Adjusted PS Ratio too high?
Atsugi Co's current Cyclically Adjusted PS Ratio of 0.76 is 33% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.98. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PS Ratio is 0.64. Atsugi Co's value of 0.76 is 18.8% above this industry median. Based on the distribution chart, Atsugi Co ranks #479 out of 886 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Atsugi Co has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atsugi Co's Cyclically Adjusted PS Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Atsugi Co ranks #479 out of 886 companies for Cyclically Adjusted PS Ratio. This places Atsugi Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.64. Atsugi Co's value of 0.76 is 18.8% above this benchmark. Historically, Atsugi Co's own Cyclically Adjusted PS Ratio has ranged from 0.25 to 0.98 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.64, Atsugi 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PS Ratio among Manufacturing - Apparel & Accessories companies is 0.64, based on 886 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. Atsugi Co's current Cyclically Adjusted PS Ratio of 0.76 is 18.8% 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 Atsugi Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PS Ratio is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atsugi Co's current Cyclically Adjusted PS Ratio is 0.76, which is 33% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atsugi Co stock overvalued right now?
Based on GuruFocus' analysis, Atsugi Co (TSE:3529) is currently considered Modestly Overvalued. The stock's GF Value™ is 円950.05, compared to a current price of 円1,088.00 — trading 14.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.76, which is 33% above median its 10-year median of 0.57 and 18.8% above the Manufacturing - Apparel & Accessories industry median of 0.64. Atsugi Co's overall GF Score™ is 55/100 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 Atsugi Co (TSE:3529), the current Cyclically Adjusted PS Ratio is 0.76 as of Aug. 02, 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 Atsugi Co (TSE:3529) Overvalued in 2026?

Based on GuruFocus' analysis, Atsugi Co stock appears to be overvalued. The current stock price of 円1,088.00 is trading 14.5% above its estimated GF Value™ of 円950.05. GuruFocus considers Atsugi Co to be Modestly Overvalued.

Key valuation signals for TSE:3529:

  • Cyclically Adjusted PS Ratio: 0.76 (33% above median its 10-year median of 0.57)
  • GF Value™: 円950.05 vs. price of 円1,088.00 (14.5% above fair value)
  • GF Score™: 55/100 with 2 warning signs
  • Industry Position: 18.8% above the Manufacturing - Apparel & Accessories median (#479 of 886)

No single metric tells the full story. See the TSE:3529 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Atsugi Co Business Description

Address 3-2 Otanikita 1-chome, Kanagawa Prefecture, Ebina City, JPN, 243-0493
Atsugi Co Ltd manufactures pantyhose, socks and lingerie products for women in Japan. The company also manufactures socks for elderly people.
55GF Score

Get the complete analysis for TSE:3529

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

円1,088.00
Price
円950.05
GF Value