Voltage (TSE:3639) Cyclically Adjusted PS Ratio: (As of Aug. 07, 2026)

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.
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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:3639 Voltage Inc TSE:3639
42 GF Score
Price 円224.00
GF Value 円116.04
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Voltage Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Voltage  (TSE:3639) 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.


Voltage Cyclically Adjusted PS Ratio Related Terms


Voltage Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Voltage'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.

Voltage Cyclically Adjusted PS Ratio Chart

Voltage Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.22 0.21 0.19 0.20

Voltage Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 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 0.17 0.20 0.23 0.00 0.00

TSE:3639 vs NTES, EA, TTWO: Cyclically Adjusted PS Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Voltage'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.


Voltage Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Voltage's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3639
42GF Score
Voltage Inc TSE:3639
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Voltage 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.

Voltage's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Voltage's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0/113.0000*113.0000
=0.000

Current CPI (Dec. 2025) = 113.0000.

Voltage Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 554.042 98.100 638.193
201603 559.156 97.900 645.400
201606 509.342 98.100 586.704
201609 483.924 98.000 557.994
201612 443.761 98.400 509.604
201703 400.487 98.100 461.315
201706 384.511 98.500 441.114
201709 365.558 98.800 418.098
201712 366.541 99.400 416.691
201803 358.741 99.200 408.647
201806 354.412 99.200 403.715
201809 355.520 99.900 402.140
201812 360.177 99.700 408.225
201903 337.649 99.700 382.691
201906 331.723 99.800 375.598
201909 321.260 100.100 362.661
201912 293.212 100.500 329.681
202003 252.582 100.300 284.564
202006 300.165 99.900 339.526
202009 277.406 99.900 313.783
202012 274.302 99.300 312.146
202103 262.180 99.900 296.560
202106 263.316 99.500 299.042
202109 216.706 100.100 244.633
202112 225.666 100.100 254.748
202203 195.438 101.100 218.442
202206 201.874 101.800 224.084
202209 176.046 103.100 192.951
202212 183.019 104.100 198.666
202303 151.756 104.400 164.257
202306 152.153 105.200 163.434
202309 142.244 106.200 151.352
202312 144.535 106.800 152.926
202403 128.216 107.200 135.153
202406 123.264 108.200 128.732
202412 0.000 110.700 0.000
202503 103.447 111.100 105.216
202506 106.146 111.700 107.381
202509 91.406 112.000 92.222
202512 0.000 113.000 0.000

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 Voltage (TSE:3639) Overvalued in 2026?

Based on GuruFocus' analysis, Voltage stock appears to be overvalued. The current stock price of 円224.00 is trading 93% above its estimated GF Value™ of 円116.04. GuruFocus considers Voltage to be Significantly Overvalued.

Key valuation signals for TSE:3639:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円116.04 vs. price of 円224.00 (93% above fair value)
  • GF Score™: 42/100 with 3 warning signs

No single metric tells the full story. See the TSE:3639 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Voltage Business Description

Address 4-20-3 Ebisu, 28th Floor, Ebisu Garden Place Tower, Shibuya-ku, Tokyo, JPN, 150-6027
Voltage Inc is involved in planning, designing, developing, producing, and operating mobile content in Japan and internationally. It is involved in planning, manufacturing, and sales of event merchandise, videos, and music using intellectual property (IP) content.
42GF Score

Get the complete analysis for TSE:3639

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

円224.00
Price
円116.04
GF Value