Asulina Co (TSE:3647) Cyclically Adjusted PS Ratio: 0.57 (As of Aug. 23, 2026) — 23% Below Median

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TSE:3647 Asulina Co Ltd TSE:3647
45 GF Score
Price 円116.00
GF Value 円165.19
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Asulina Co Cyclically Adjusted PS Ratio?

Asulina Co TSE:3647 -1.69% 45 Cyclically Adjusted PS Ratio is 0.57 as of Aug. 23, 2026, which is 23% below its 10-year median of 0.74. GuruFocus rates TSE:3647 with a GF Score™ of 45/100 and a GF Value™ of 円165.19 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 271 Utilities - Independent Power Producers companies, Asulina Co ranks better than 76.01% on this metric.

As of today (2026-08-23), Asulina Co's current share price is 円116.00. Asulina Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was 円205.00. Asulina Co's Cyclically Adjusted PS Ratio for today is 0.57.

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

TSE:3647' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.74   Max: 3.13
Current: 0.57

During the past years, Asulina Co's highest Cyclically Adjusted PS Ratio was 3.13. The lowest was 0.49. And the median was 0.74.

TSE:3647's Cyclically Adjusted PS Ratio is ranked better than
76.01% of 271 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.64 vs TSE:3647: 0.57

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.

Asulina Co's adjusted revenue per share data for the three months ended in Feb. 2026 was 円0.953. 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205.00 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asulina Co  (TSE:3647) 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.


Asulina Co Cyclically Adjusted PS Ratio Related Terms


Asulina Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Asulina 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.

Asulina Co Cyclically Adjusted PS Ratio Chart

Asulina 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 2.45 1.06 0.76 0.62 0.72

Asulina Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 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 0.58 0.72 0.62 0.70 0.00

Asulina Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Asulina 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.


Asulina Co Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Asulina Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3647
45GF Score
Asulina Co Ltd TSE:3647
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asulina 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=116.00/205.00
=0.57

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=0.953/112.2000*112.2000
=0.953

Current CPI (Feb. 2026) = 112.2000.

Asulina Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201602 94.287 97.800 108.170
201605 34.217 98.200 39.095
201608 48.589 97.900 55.686
201611 42.036 98.600 47.834
201702 31.216 98.100 35.703
201705 77.547 98.600 88.243
201708 111.053 98.500 126.499
201711 36.285 99.100 41.082
201802 52.680 99.500 59.404
201805 35.020 99.300 39.569
201808 127.119 99.800 142.913
201811 150.499 100.000 168.860
201902 34.526 99.700 38.855
201905 48.149 100.000 54.023
201908 103.394 100.000 116.008
201911 18.236 100.500 20.359
202002 22.094 100.300 24.715
202005 25.707 100.100 28.814
202008 260.955 100.100 292.499
202011 14.534 99.500 16.389
202102 1.407 99.800 1.582
202105 119.138 99.400 134.480
202108 61.295 99.700 68.980
202111 24.783 100.100 27.779
202202 29.458 100.700 32.822
202205 11.431 101.800 12.599
202208 48.701 102.700 53.206
202211 52.469 103.900 56.660
202302 6.167 104.000 6.653
202305 5.713 105.100 6.099
202308 6.140 105.900 6.505
202311 5.650 106.900 5.930
202402 1.527 106.900 1.603
202405 2.189 108.100 2.272
202408 5.232 109.100 5.381
202502 0.000 110.800 0.000
202505 27.336 111.800 27.434
202508 2.122 112.100 2.124
202511 0.976 113.200 0.967
202602 0.953 112.200 0.953

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 0.57 mean?
Asulina Co (TSE:3647) has a Cyclically Adjusted PS Ratio of 0.57 as of Aug. 23, 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 Asulina Co and its competitors. This is 23% below median its historical median of 0.74. Over the past decade, Asulina Co's Cyclically Adjusted PS Ratio has ranged from 0.49 to 3.13. According to the industry distribution chart, Asulina Co ranks #65 out of 271 companies in the Utilities - Independent Power Producers industry, placing it in the top 24%.
Is Asulina Co's Cyclically Adjusted PS Ratio too high?
Asulina Co's current Cyclically Adjusted PS Ratio of 0.57 is 23% below median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 3.13. The Utilities - Independent Power Producers industry median Cyclically Adjusted PS Ratio is 1.64. Asulina Co's value of 0.57 is 65.2% below this industry median. Based on the distribution chart, Asulina Co ranks #65 out of 271 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Asulina Co has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asulina Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Asulina Co ranks #65 out of 271 companies for Cyclically Adjusted PS Ratio. This places Asulina Co in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.64. Asulina Co's value of 0.57 is 65.2% below this benchmark. Historically, Asulina Co's own Cyclically Adjusted PS Ratio has ranged from 0.49 to 3.13 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 1.64, Asulina Co has consistently been below 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PS Ratio among Utilities - Independent Power Producers companies is 1.64, based on 271 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. Asulina Co's current Cyclically Adjusted PS Ratio of 0.57 is 65.2% below 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 Asulina Co and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PS Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asulina Co's current Cyclically Adjusted PS Ratio is 0.57, which is 23% below median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asulina Co stock overvalued right now?
Based on GuruFocus' analysis, Asulina Co (TSE:3647) is currently considered Possible Value Trap. The stock's GF Value™ is 円165.19, compared to a current price of 円116.00 — trading 29.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.57, which is 23% below median its 10-year median of 0.74 and 65.2% below the Utilities - Independent Power Producers industry median of 1.64. Asulina Co's overall GF Score™ is 45/100 with 3 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 Asulina Co (TSE:3647), the current Cyclically Adjusted PS Ratio is 0.57 as of Aug. 23, 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 Asulina Co (TSE:3647) Overvalued in 2026?

Based on GuruFocus' analysis, Asulina Co stock appears to be undervalued. The current stock price of 円116.00 is trading 29.8% below its estimated GF Value™ of 円165.19. GuruFocus considers Asulina Co to be Possible Value Trap.

Key valuation signals for TSE:3647:

  • Cyclically Adjusted PS Ratio: 0.57 (23% below median its 10-year median of 0.74)
  • GF Value™: 円165.19 vs. price of 円116.00 (29.8% below fair value)
  • GF Score™: 45/100 with 3 warning signs
  • Industry Position: 65.2% below the Utilities - Independent Power Producers median (#65 of 271)

No single metric tells the full story. See the TSE:3647 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asulina Co Business Description

Address 2-3-14 Higashishinagawa, Shinagawa-ku, Tokyo Front Terrace 12th floor, Tokyo, JPN, 140-0002
Asulina Co Ltd is engaged in Renewable energy business, new energy business and sustainable business.
45GF Score

Get the complete analysis for TSE:3647

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

円116.00
Price
円165.19
GF Value