KLab (TSE:3656) Cyclically Adjusted PS Ratio: 0.40 (As of Aug. 05, 2026) — 20% Below Median

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TSE:3656 KLab Inc TSE:3656
48 GF Score
Price 円243.00
GF Value 円93.72
Valuation Significantly Overvalued
! 5 Warning Signs
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What is KLab Cyclically Adjusted PS Ratio?

KLab TSE:3656 +3.85% 48 Cyclically Adjusted PS Ratio is 0.40 as of Aug. 05, 2026, which is 20% below its 10-year median of 0.50. GuruFocus rates TSE:3656 with a GF Score™ of 48/100 and a GF Value™ of 円93.72 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 329 Interactive Media companies, KLab ranks better than 83.89% on this metric.

As of today (2026-08-05), KLab's current share price is 円243.00. KLab's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was 円607.83. KLab's Cyclically Adjusted PS Ratio for today is 0.40.

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

TSE:3656' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.5   Max: 1.03
Current: 0.35

During the past years, KLab's highest Cyclically Adjusted PS Ratio was 1.03. The lowest was 0.17. And the median was 0.50.

TSE:3656's Cyclically Adjusted PS Ratio is ranked better than
83.89% of 329 companies
in the Interactive Media industry
Industry Median: 1.31 vs TSE:3656: 0.35

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.

KLab's adjusted revenue per share data for the three months ended in Dec. 2025 was 円33.842. 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607.83 for the trailing ten years ended in Dec. 2025.

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
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.22 0.20 0.34 0.62 0.00

TSE:3656 vs NTES, EA, TTWO: 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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=243.00/607.83
=0.40

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

For example, KLab'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)
=33.842/113.0000*113.0000
=33.842

Current CPI (Dec. 2025) = 113.0000.

KLab Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 131.997 97.900 152.356
201606 111.075 98.100 127.946
201609 156.105 98.000 179.999
201612 136.621 98.400 156.892
201703 140.097 98.100 161.376
201706 147.981 98.500 169.765
201709 187.277 98.800 214.193
201712 219.388 99.400 249.405
201803 204.180 99.200 232.584
201806 207.728 99.200 236.626
201809 232.777 99.900 263.301
201812 201.980 99.700 228.924
201903 169.940 99.700 192.610
201906 218.678 99.800 247.601
201909 196.250 100.100 221.541
201912 226.977 100.500 255.208
202003 195.122 100.300 219.828
202006 223.300 99.900 252.582
202009 265.823 99.900 300.681
202012 195.181 99.300 222.109
202103 166.089 99.900 187.868
202106 154.266 99.500 175.197
202109 166.419 100.100 187.866
202112 135.880 100.100 153.391
202203 108.216 101.100 120.954
202206 111.768 101.800 124.065
202209 103.881 103.100 113.856
202212 108.019 104.100 117.254
202303 71.473 104.400 77.361
202306 61.265 105.200 65.807
202309 73.830 106.200 78.557
202312 58.371 106.800 61.760
202403 39.104 107.200 41.220
202406 45.362 108.200 47.374
202409 56.377 108.900 58.500
202412 50.800 110.700 51.855
202503 33.283 111.100 33.852
202506 29.222 111.700 29.562
202509 32.353 112.000 32.642
202512 33.842 113.000 33.842

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 0.40 mean?
KLab (TSE:3656) has a Cyclically Adjusted PS Ratio of 0.40 as of Aug. 05, 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 KLab and its competitors. This is 20% below median its historical median of 0.50. Over the past decade, KLab's Cyclically Adjusted PS Ratio has ranged from 0.17 to 1.03. According to the industry distribution chart, KLab ranks #53 out of 329 companies in the Interactive Media industry, placing it in the top 16.1%.
Is KLab's Cyclically Adjusted PS Ratio too high?
KLab's current Cyclically Adjusted PS Ratio of 0.40 is 20% below median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.03. The Interactive Media industry median Cyclically Adjusted PS Ratio is 1.31. KLab's value of 0.40 is 69.5% below this industry median. Based on the distribution chart, KLab ranks #53 out of 329 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, KLab has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KLab's Cyclically Adjusted PS Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, KLab ranks #53 out of 329 companies for Cyclically Adjusted PS Ratio. This places KLab in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.31. KLab's value of 0.40 is 69.5% below this benchmark. Historically, KLab's own Cyclically Adjusted PS Ratio has ranged from 0.17 to 1.03 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 1.31, KLab 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 Interactive Media company?
The median Cyclically Adjusted PS Ratio among Interactive Media companies is 1.31, based on 329 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. KLab's current Cyclically Adjusted PS Ratio of 0.40 is 69.5% 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 KLab and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PS Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KLab's current Cyclically Adjusted PS Ratio is 0.40, which is 20% below median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KLab stock overvalued right now?
Based on GuruFocus' analysis, KLab (TSE:3656) is currently considered Significantly Overvalued. The stock's GF Value™ is 円93.72, compared to a current price of 円243.00 — trading 159.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.40, which is 20% below median its 10-year median of 0.50 and 69.5% below the Interactive Media industry median of 1.31. KLab's overall GF Score™ is 48/100 with 5 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 KLab (TSE:3656), the current Cyclically Adjusted PS Ratio is 0.40 as of Aug. 05, 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 KLab (TSE:3656) Overvalued in 2026?

Based on GuruFocus' analysis, KLab stock appears to be overvalued. The current stock price of 円243.00 is trading 159.3% above its estimated GF Value™ of 円93.72. GuruFocus considers KLab to be Significantly Overvalued.

Key valuation signals for TSE:3656:

  • Cyclically Adjusted PS Ratio: 0.40 (20% below median its 10-year median of 0.50)
  • GF Value™: 円93.72 vs. price of 円243.00 (159.3% above fair value)
  • GF Score™: 48/100 with 5 warning signs
  • Industry Position: 69.5% below the Interactive Media median (#53 of 329)

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243.00
Price
円93.72
GF Value