Enigmo (TSE:3665) Cyclically Adjusted PS Ratio: 2.51 (As of Jul. 31, 2026) — Near Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:3665 Enigmo Inc TSE:3665
72 GF Score
Price 円403.00
GF Value 円473.11
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Enigmo Cyclically Adjusted PS Ratio?

Enigmo TSE:3665 +0.25% 72 Cyclically Adjusted PS Ratio is 2.51 as of Jul. 31, 2026, which is 6% below its 10-year median of 2.68. GuruFocus rates TSE:3665 with a GF Score™ of 72/100 and a GF Value™ of 円473.11 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 793 Retail - Cyclical companies, Enigmo ranks worse than 87.52% on this metric.

As of today (2026-07-31), Enigmo's current share price is 円403.00. Enigmo's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2026 was 円160.78. Enigmo's Cyclically Adjusted PS Ratio for today is 2.51.

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

TSE:3665' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.8   Med: 2.68   Max: 11.25
Current: 2.53

During the past years, Enigmo's highest Cyclically Adjusted PS Ratio was 11.25. The lowest was 1.80. And the median was 2.68.

TSE:3665's Cyclically Adjusted PS Ratio is ranked worse than
87.52% of 793 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs TSE:3665: 2.53

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.

Enigmo's adjusted revenue per share data for the three months ended in Jan. 2026 was 円49.532. 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160.78 for the trailing ten years ended in Jan. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Enigmo  (TSE:3665) 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.


Enigmo Cyclically Adjusted PS Ratio Related Terms


Enigmo Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Enigmo'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.

Enigmo Cyclically Adjusted PS Ratio Chart

Enigmo Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.92 5.09 2.69 2.16 2.51

Enigmo 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 1.91 1.83 2.58 2.51 0.00

TSE:3665 vs AMZN, BABA, PDD: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, Enigmo'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.


Enigmo Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Enigmo's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3665
72GF Score
Enigmo Inc TSE:3665
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enigmo 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.

Enigmo's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=403.00/160.78
=2.51

* 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.

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

For example, Enigmo'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)
=49.532/112.9000*112.9000
=49.532

Current CPI (Jan. 2026) = 112.9000.

Enigmo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201604 23.046 98.100 26.523
201607 22.818 97.900 26.314
201610 23.428 98.600 26.826
201701 30.314 98.200 34.852
201704 25.600 98.500 29.343
201707 23.834 98.300 27.374
201710 24.110 98.800 27.551
201801 28.841 99.500 32.725
201804 27.468 99.100 31.293
201807 27.542 99.200 31.346
201810 30.241 100.200 34.074
201901 41.631 99.700 47.143
201904 32.920 100.000 37.167
201907 31.803 99.800 35.978
201910 34.422 100.400 38.708
202001 47.276 100.500 53.109
202004 32.259 100.200 36.348
202007 38.934 100.000 43.956
202010 42.144 99.800 47.676
202101 56.623 99.800 64.055
202104 43.950 99.100 50.070
202107 42.043 99.700 47.609
202110 41.165 99.900 46.522
202201 55.626 100.300 62.614
202204 40.189 101.500 44.703
202207 37.594 102.300 41.489
202210 37.668 103.700 41.010
202301 53.370 104.700 57.550
202304 39.989 105.100 42.957
202307 35.746 105.700 38.181
202310 33.367 107.100 35.174
202401 47.029 106.900 49.669
202404 33.384 107.700 34.996
202407 31.302 108.600 32.541
202410 38.311 109.500 39.501
202501 50.731 111.200 51.507
202504 37.477 111.500 37.948
202507 35.397 111.900 35.713
202510 36.112 112.800 36.144
202601 49.532 112.900 49.532

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 2.51 mean?
Enigmo (TSE:3665) has a Cyclically Adjusted PS Ratio of 2.51 as of Jul. 31, 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 Enigmo and its competitors. This is near median its historical median of 2.68. Over the past decade, Enigmo's Cyclically Adjusted PS Ratio has ranged from 1.80 to 11.25. According to the industry distribution chart, Enigmo ranks #694 out of 793 companies in the Retail - Cyclical industry, placing it in the top 87.5%.
Is Enigmo's Cyclically Adjusted PS Ratio too high?
Enigmo's current Cyclically Adjusted PS Ratio of 2.51 is near median its 10-year median of 2.68. Over the past 10 years, this metric has ranged from a low of 1.80 to a high of 11.25. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.49. Enigmo's value of 2.51 is 412.2% above this industry median. Based on the distribution chart, Enigmo ranks #694 out of 793 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Enigmo has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enigmo's Cyclically Adjusted PS Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Enigmo ranks #694 out of 793 companies for Cyclically Adjusted PS Ratio. This places Enigmo in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.49. Enigmo's value of 2.51 is 412.2% above this benchmark. Historically, Enigmo's own Cyclically Adjusted PS Ratio has ranged from 1.80 to 11.25 over the past decade. While the company's 10-year median is 2.68 vs. the industry median of 0.49, Enigmo 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 - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.49, based on 793 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. Enigmo's current Cyclically Adjusted PS Ratio of 2.51 is 412.2% 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 Enigmo and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enigmo's current Cyclically Adjusted PS Ratio is 2.51, which is near median its own 10-year median of 2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enigmo stock overvalued right now?
Based on GuruFocus' analysis, Enigmo (TSE:3665) is currently considered Modestly Undervalued. The stock's GF Value™ is 円473.11, compared to a current price of 円403.00 — trading 14.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.51, which is near median its 10-year median of 2.68 and 412.2% above the Retail - Cyclical industry median of 0.49. Enigmo's overall GF Score™ is 72/100 with 7 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 Enigmo (TSE:3665), the current Cyclically Adjusted PS Ratio is 2.51 as of Jul. 31, 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 Enigmo (TSE:3665) Overvalued in 2026?

Based on GuruFocus' analysis, Enigmo stock appears to be undervalued. The current stock price of 円403.00 is trading 14.8% below its estimated GF Value™ of 円473.11. GuruFocus considers Enigmo to be Modestly Undervalued.

Key valuation signals for TSE:3665:

  • Cyclically Adjusted PS Ratio: 2.51 (near median its 10-year median of 2.68)
  • GF Value™: 円473.11 vs. price of 円403.00 (14.8% below fair value)
  • GF Score™: 72/100 with 7 warning signs
  • Industry Position: 412.2% above the Retail - Cyclical median (#694 of 793)

No single metric tells the full story. See the TSE:3665 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Enigmo Business Description

Address 4-8-15 Akasaka, Akasaka KOSEN Building, Minato-ku, Tokyo, JPN, 107-0052
Enigmo Inc develops internet business models. It operates BUYMA, a marketplace for buying fashion items from personal shoppers; BUYMA TRAVEL, a website that provides private local tours to Japanese travelers living abroad; and STYLE HAUS, a platform that offers fashion, lifestyle, and cosmetics recommendations.
72GF Score

Get the complete analysis for TSE:3665

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

円403.00
Price
円473.11
GF Value