Hotto Link (TSE:3680) Cyclically Adjusted PS Ratio: (As of Sep. 01, 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.
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:3680 Hotto Link Inc TSE:3680
51 GF Score
Price 円208.00
GF Value 円180.00
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Hotto Link Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hotto Link  (TSE:3680) 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.


Hotto Link Cyclically Adjusted PS Ratio Related Terms


Hotto Link Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hotto Link'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.

Hotto Link Cyclically Adjusted PS Ratio Chart

Hotto Link 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 0.00 0.00 1.06 0.00 0.80

Hotto Link Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.95 0.89 0.80 0.67 0.00

TSE:3680 vs MSFT, PLTR, ORCL: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, Hotto Link'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.


Hotto Link Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Hotto Link's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3680
51GF Score
Hotto Link Inc TSE:3680
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hotto Link 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.

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

For example, Hotto Link'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.

Hotto Link Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 48.076 98.100 55.672
201609 42.785 98.000 49.596
201612 43.034 98.400 49.682
201703 49.613 98.100 57.452
201706 47.860 98.500 55.197
201709 50.736 98.800 58.336
201712 56.843 99.400 64.963
201803 54.864 99.200 62.828
201806 55.280 99.200 63.305
201809 53.117 99.900 60.401
201812 61.142 99.700 69.666
201903 54.908 99.700 62.563
201906 51.712 99.800 58.863
201909 60.234 100.100 68.357
201912 73.558 100.500 83.146
202003 61.373 100.300 69.511
202006 61.977 99.900 70.476
202009 70.988 99.900 80.723
202012 88.730 99.300 101.508
202103 81.198 99.900 92.333
202106 88.131 99.500 100.620
202109 107.433 100.100 121.922
202112 143.978 100.100 163.396
202203 102.565 101.100 115.246
202206 113.889 101.800 127.090
202209 138.366 103.100 152.458
202212 150.855 104.100 164.622
202303 72.563 104.400 78.957
202306 69.634 105.200 75.194
202309 75.387 106.200 80.640
202312 84.860 106.800 90.263
202403 74.715 107.200 79.176
202406 71.345 108.200 74.906
202412 0.000 110.700 0.000
202503 74.706 111.100 76.387
202506 35.472 111.700 36.075
202509 54.848 112.000 55.632
202512 67.745 113.000 68.105
202603 64.867 112.700 65.385
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 Hotto Link (TSE:3680) Overvalued in 2026?

Based on GuruFocus' analysis, Hotto Link stock appears to be overvalued. The current stock price of 円208.00 is trading 15.6% above its estimated GF Value™ of 円180.00. GuruFocus considers Hotto Link to be Modestly Overvalued.

Key valuation signals for TSE:3680:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円180.00 vs. price of 円208.00 (15.6% above fair value)
  • GF Score™: 51/100 with 3 warning signs

No single metric tells the full story. See the TSE:3680 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hotto Link Business Description

Address 1-3-11 Fujimi, 5th Floor, Fujimi Duplex Biz, Chiyoda-ku, Tokyo, JPN, 102-0071
Hotto Link Inc provides social big data solutions, offering SNS marketing support services mainly for domestic clients and selling SNS data access rights through its DaaS business. It also operates a Web3-related business that includes investment and research activities via Nonagon Capital, supporting startups and offering community services like Nonagon Report and Nonagon Connect.
51GF Score

Get the complete analysis for TSE:3680

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

円208.00
Price
円180.00
GF Value