KLab (TSE:3656) Cyclically Adjusted PS Ratio: (As of Sep. 02, 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:3656 KLab Inc TSE:3656
48 GF Score
Price 円198.00
GF Value 円78.18
Valuation Significantly Overvalued
! 4 Warning Signs
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What is KLab Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


KLab  (TSE:3656) 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.


KLab Cyclically Adjusted PS Ratio Related Terms


KLab Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for KLab'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.

KLab Cyclically Adjusted PS Ratio Chart

KLab Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.63 0.43 0.27 0.62

KLab Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.20 0.34 0.62 0.52 0.00

TSE:3656 vs NTES, TTWO, RBLX: Cyclically Adjusted PS Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, KLab'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.


KLab Cyclically Adjusted PS Ratio vs Interactive Media Industry

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

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


TSE:3656
48GF Score
KLab Inc TSE:3656
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KLab 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.

KLab's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

KLab Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 156.105 98.000 180.954
201612 136.621 98.400 157.725
201703 140.097 98.100 162.233
201706 147.981 98.500 170.666
201709 187.277 98.800 215.331
201712 219.388 99.400 250.729
201803 204.180 99.200 233.819
201806 207.728 99.200 237.882
201809 232.777 99.900 264.699
201812 201.980 99.700 230.140
201903 169.940 99.700 193.633
201906 218.678 99.800 248.916
201909 196.250 100.100 222.717
201912 226.977 100.500 256.563
202003 195.122 100.300 220.996
202006 223.300 99.900 253.923
202009 265.823 99.900 302.277
202012 195.181 99.300 223.289
202103 166.089 99.900 188.866
202106 154.266 99.500 176.127
202109 166.419 100.100 188.863
202112 135.880 100.100 154.205
202203 108.216 101.100 121.596
202206 111.768 101.800 124.723
202209 103.881 103.100 114.461
202212 108.019 104.100 117.877
202303 71.473 104.400 77.771
202306 61.265 105.200 66.157
202309 73.830 106.200 78.974
202312 58.371 106.800 62.088
202403 39.104 107.200 41.439
202406 45.362 108.200 47.626
202409 56.377 108.900 58.810
202412 50.800 110.700 52.131
202503 33.283 111.100 34.032
202506 29.222 111.700 29.719
202509 32.353 112.000 32.815
202512 33.842 113.000 34.022
202603 21.875 112.700 22.050
202606 0.000 113.600 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 KLab (TSE:3656) Overvalued in 2026?

Based on GuruFocus' analysis, KLab stock appears to be overvalued. The current stock price of 円198.00 is trading 153.3% above its estimated GF Value™ of 円78.18. GuruFocus considers KLab to be Significantly Overvalued.

Key valuation signals for TSE:3656:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円78.18 vs. price of 円198.00 (153.3% above fair value)
  • GF Score™: 48/100 with 4 warning signs

No single metric tells the full story. See the TSE:3656 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KLab Business Description

Address Roppongi Hills Mori Tower, 6-10-1 Roppongi, Minato-ku, Tokyo, JPN, 106-6122
KLab Inc is the Japan-based software company. The principal activities of the company are planning, developing, and operating online mobile games. The company's business is broadly divided into two areas - game business and other business. The game business is focused on designing and developing online mobile games. The other business is involved in designing, developing, and providing smartphone-related applications, services, and server infrastructures. The company has an operational presence across China, Singapore, Japan and the United States.
48GF Score

Get the complete analysis for TSE:3656

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

円198.00
Price
円78.18
GF Value