JM Holdings Co (TSE:3539) Cyclically Adjusted PS Ratio: 0.46 (As of Aug. 03, 2026) — 13% Below Median

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TSE:3539 JM Holdings Co Ltd TSE:3539
78 GF Score
Price 円1,369.00
GF Value 円1,460.05
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is JM Holdings Co Cyclically Adjusted PS Ratio?

JM Holdings Co TSE:3539 -5.26% 78 Cyclically Adjusted PS Ratio is 0.46 as of Aug. 03, 2026, which is 13% below its 10-year median of 0.53. GuruFocus rates TSE:3539 with a GF Score™ of 78/100 and a GF Value™ of 円1,460.05 (Fairly Valued). The stock has 2 warning signs investors should review. Among 240 Retail - Defensive companies, JM Holdings Co ranks worse than 50.83% on this metric.

As of today (2026-08-03), JM Holdings Co's current share price is 円1369.00. JM Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2026 was 円2,952.38. JM Holdings Co's Cyclically Adjusted PS Ratio for today is 0.46.

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

TSE:3539' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.53   Max: 0.61
Current: 0.46

During the past years, JM Holdings Co's highest Cyclically Adjusted PS Ratio was 0.61. The lowest was 0.41. And the median was 0.53.

TSE:3539's Cyclically Adjusted PS Ratio is ranked worse than
50.83% of 240 companies
in the Retail - Defensive industry
Industry Median: 0.445 vs TSE:3539: 0.46

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.

JM Holdings Co's adjusted revenue per share data for the three months ended in Jan. 2026 was 円1,049.943. 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2,952.38 for the trailing ten years ended in Jan. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JM Holdings Co  (TSE:3539) 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.


JM Holdings Co Cyclically Adjusted PS Ratio Related Terms


JM Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for JM 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.

JM Holdings Co Cyclically Adjusted PS Ratio Chart

JM Holdings Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

JM Holdings Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 0.52 0.61 0.00

TSE:3539 vs KR: Cyclically Adjusted PS Ratio Comparison

For the Grocery Stores subindustry, JM 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.


JM Holdings Co Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, JM Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3539
78GF Score
JM Holdings Co Ltd TSE:3539
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JM 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1369.00/2952.38
=0.46

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=1049.943/112.9000*112.9000
=1,049.943

Current CPI (Jan. 2026) = 112.9000.

JM Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201604 452.370 98.100 520.617
201607 456.830 97.900 526.824
201610 460.784 98.600 527.612
201701 511.479 98.200 588.045
201704 471.148 98.500 540.026
201707 502.149 98.300 576.731
201710 494.509 98.800 565.082
201801 543.746 99.500 616.974
201804 487.470 99.100 555.352
201807 506.992 99.200 577.010
201810 508.513 100.200 572.965
201901 548.588 99.700 621.220
201904 505.724 100.000 570.962
201907 562.916 99.800 636.806
201910 560.065 100.400 629.794
202001 602.885 100.500 677.271
202004 607.105 100.200 684.053
202007 611.137 100.000 689.974
202010 590.206 99.800 667.678
202101 646.323 99.800 731.161
202104 581.034 99.100 661.945
202107 616.890 99.700 698.565
202110 643.090 99.900 726.775
202201 688.819 100.300 775.351
202204 647.339 101.500 720.045
202207 659.939 102.300 728.320
202210 661.550 103.700 720.241
202301 733.048 104.700 790.460
202304 728.757 105.100 782.842
202307 778.084 105.700 831.085
202310 775.929 107.100 817.949
202401 854.043 106.900 901.978
202404 794.745 107.700 833.117
202407 804.996 108.600 836.870
202410 846.365 109.500 872.645
202501 1,893.319 111.200 1,922.264
202504 898.825 111.500 910.111
202507 921.859 111.900 930.097
202510 936.213 112.800 937.043
202601 1,049.943 112.900 1,049.943

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 0.46 mean?
JM Holdings Co (TSE:3539) has a Cyclically Adjusted PS Ratio of 0.46 as of Aug. 03, 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 JM Holdings Co and its competitors. This is 13% below median its historical median of 0.53. Over the past decade, JM Holdings Co's Cyclically Adjusted PS Ratio has ranged from 0.41 to 0.61. According to the industry distribution chart, JM Holdings Co ranks #122 out of 240 companies in the Retail - Defensive industry, placing it in the top 50.8%.
Is JM Holdings Co's Cyclically Adjusted PS Ratio too high?
JM Holdings Co's current Cyclically Adjusted PS Ratio of 0.46 is 13% below median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.61. The Retail - Defensive industry median Cyclically Adjusted PS Ratio is 0.45. JM Holdings Co's value of 0.46 is 3.4% above this industry median. Based on the distribution chart, JM Holdings Co ranks #122 out of 240 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, JM Holdings Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JM Holdings Co's Cyclically Adjusted PS Ratio compare to KR?
According to the Retail - Defensive industry distribution chart, JM Holdings Co ranks #122 out of 240 companies for Cyclically Adjusted PS Ratio. This places JM Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. JM Holdings Co's value of 0.46 is 3.4% above this benchmark. Historically, JM Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 0.41 to 0.61 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.45, JM 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 Retail - Defensive company?
The median Cyclically Adjusted PS Ratio among Retail - Defensive companies is 0.45, based on 240 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. JM Holdings Co's current Cyclically Adjusted PS Ratio of 0.46 is 3.4% 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 JM Holdings Co and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JM Holdings Co's current Cyclically Adjusted PS Ratio is 0.46, which is 13% below median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JM Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, JM Holdings Co (TSE:3539) is currently considered Fairly Valued. The stock's GF Value™ is 円1,460.05, compared to a current price of 円1,369.00 — trading 6.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.46, which is 13% below median its 10-year median of 0.53 and 3.4% above the Retail - Defensive industry median of 0.45. JM Holdings Co's overall GF Score™ is 78/100 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 JM Holdings Co (TSE:3539), the current Cyclically Adjusted PS Ratio is 0.46 as of Aug. 03, 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 JM Holdings Co (TSE:3539) Overvalued in 2026?

Based on GuruFocus' analysis, JM Holdings Co stock appears to be undervalued. The current stock price of 円1,369.00 is trading 6.2% below its estimated GF Value™ of 円1,460.05. GuruFocus considers JM Holdings Co to be Fairly Valued.

Key valuation signals for TSE:3539:

  • Cyclically Adjusted PS Ratio: 0.46 (13% below median its 10-year median of 0.53)
  • GF Value™: 円1,460.05 vs. price of 円1,369.00 (6.2% below fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 3.4% above the Retail - Defensive median (#122 of 240)

No single metric tells the full story. See the TSE:3539 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JM Holdings Co Business Description

Address Tsuchiura-shi wholesale Town 2-3, 30 Ibaraki prefecture, Ibaraki, JPN, 300-0847
JM Holdings Co Ltd operates food supermarkets that retail meat products, fresh vegetables, fishes and other daily food products. The company also manages beef barbecue restaurants. It offers meat products, including meat processed goods, and frozen and refrigerated processed products, as well as meat of cow, chicken, and ham, as well as pork; food products comprising seasonings, processed foods, rice, bread, sake, noodles, eggs, dairy products; and vegetables, fruits, vegetables and fruits processed products, fresh juices, and cakes. It also provides fish products, sushi, dried fish, seaweed, shellfish, crustaceans, marine processing; and prepared foods, including lunch and fried foods, and tonkatsu, as well as salads, boiled foods, pottery, steamed foods.
78GF Score

Get the complete analysis for TSE:3539

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

円1,369.00
Price
円1,460.05
GF Value