AXAS Holdings Co (TSE:3536) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:3536 AXAS Holdings Co Ltd TSE:3536
50 GF Score
Price 円127.00
GF Value 円146.60
Valuation Modestly Undervalued
! 7 Warning Signs
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What is AXAS Holdings Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


AXAS Holdings Co  (TSE:3536) 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.


AXAS Holdings Co Cyclically Adjusted PS Ratio Related Terms


AXAS Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for AXAS 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.

AXAS Holdings Co Cyclically Adjusted PS Ratio Chart

AXAS Holdings Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.07 0.12 0.28

AXAS Holdings Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.11 0.28 0.27 0.28 0.29

TSE:3536 vs PG, CL, EL: Cyclically Adjusted PS Ratio Comparison

For the Household & Personal Products subindustry, AXAS 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.


AXAS Holdings Co Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AXAS Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3536
50GF Score
AXAS Holdings Co Ltd TSE:3536
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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AXAS 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.

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

For example, AXAS Holdings Co's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=103.84/113.5000*113.5000
=103.840

Current CPI (May. 2026) = 113.5000.

AXAS Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 123.623 97.900 143.322
201611 115.228 98.600 132.641
201702 128.335 98.100 148.481
201705 119.219 98.600 137.235
201708 121.658 98.500 140.185
201711 115.320 99.100 132.077
201802 127.906 99.500 145.903
201805 117.910 99.300 134.771
201808 116.499 99.800 132.491
201811 105.564 100.000 119.815
201902 115.217 99.700 131.165
201905 112.025 100.000 127.148
201908 106.882 100.000 121.311
201911 101.976 100.500 115.167
202002 105.537 100.300 119.426
202005 94.080 100.100 106.674
202008 110.240 100.100 124.997
202011 97.308 99.500 111.000
202102 104.128 99.800 118.422
202105 97.136 99.400 110.915
202108 90.788 99.700 103.354
202111 89.262 100.100 101.211
202202 102.190 100.700 115.179
202205 94.015 101.800 104.820
202208 88.066 102.700 97.327
202211 88.632 103.900 96.821
202302 100.542 104.000 109.726
202305 89.720 105.100 96.891
202308 85.966 105.900 92.135
202311 92.199 106.900 97.891
202402 105.327 106.900 111.830
202405 98.152 108.100 103.055
202408 90.757 109.100 94.417
202411 89.323 110.000 92.165
202502 109.693 110.800 112.366
202505 106.173 111.800 107.787
202508 94.946 112.100 96.132
202511 99.720 113.200 99.984
202602 110.733 112.200 112.016
202605 103.840 113.500 103.840

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 AXAS Holdings Co (TSE:3536) Overvalued in 2026?

Based on GuruFocus' analysis, AXAS Holdings Co stock appears to be undervalued. The current stock price of 円127.00 is trading 13.4% below its estimated GF Value™ of 円146.60. GuruFocus considers AXAS Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:3536:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円146.60 vs. price of 円127.00 (13.4% below fair value)
  • GF Score™: 50/100 with 7 warning signs

No single metric tells the full story. See the TSE:3536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AXAS Holdings Co Business Description

Address 4-2 YAMASHIRONISHI, Tokushima, JPN, 770-8054
AXAS Holdings Co Ltd is engaged in the distribution of household and personal products. The products offered by the company include cosmetics, household goods, sports gear, alcoholic beverages, and pharmaceuticals sales. The company is also engaged in the import and export business of cosmetics and alcoholic beverages.
50GF Score

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

円127.00
Price
円146.60
GF Value