Fixstars (TSE:3687) Cyclically Adjusted PS Ratio: (As of Sep. 20, 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:3687 Fixstars Corp TSE:3687
99 GF Score
Price 円2,249.00
GF Value 円2,231.64
Valuation Fairly Valued
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What is Fixstars Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fixstars  (TSE:3687) 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.


Fixstars Cyclically Adjusted PS Ratio Related Terms


Fixstars Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fixstars'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.

Fixstars Cyclically Adjusted PS Ratio Chart

Fixstars Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.10 7.15 7.03 8.63 8.81

Fixstars 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 10.01 8.74 7.25 5.41 10.31

TSE:3687 vs CRM, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Fixstars'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.


Fixstars Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:3687
99GF Score
Fixstars Corp TSE:3687
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fixstars 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.

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

For example, Fixstars'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)
=76.607/113.6000*113.6000
=76.607

Current CPI (Jun. 2026) = 113.6000.

Fixstars Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 28.972 98.000 33.584
201612 30.690 98.400 35.431
201703 32.427 98.100 37.551
201706 33.022 98.500 38.084
201709 36.324 98.800 41.765
201712 34.777 99.400 39.745
201803 36.482 99.200 41.778
201806 39.555 99.200 45.297
201809 47.904 99.900 54.473
201812 52.248 99.700 59.532
201903 57.154 99.700 65.122
201906 54.805 99.800 62.383
201909 46.382 100.100 52.637
201912 35.935 100.500 40.619
202003 53.213 100.300 60.269
202006 39.518 99.900 44.937
202009 45.830 99.900 52.115
202012 37.744 99.300 43.179
202103 46.505 99.900 52.883
202106 37.339 99.500 42.630
202109 46.800 100.100 53.112
202112 43.097 100.100 48.909
202203 49.868 101.100 56.034
202206 49.606 101.800 55.356
202209 52.931 103.100 58.322
202212 53.389 104.100 58.261
202303 60.284 104.400 65.596
202306 52.237 105.200 56.408
202309 55.676 106.200 59.555
202312 57.629 106.800 61.298
202403 63.730 107.200 67.535
202406 59.457 108.200 62.424
202409 67.465 108.900 70.377
202412 71.990 110.700 73.876
202503 76.427 111.100 78.147
202506 71.021 111.700 72.229
202509 78.871 112.000 79.998
202512 78.587 113.000 79.004
202603 90.048 112.700 90.767
202606 76.607 113.600 76.607

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 Fixstars (TSE:3687) Overvalued in 2026?

Based on GuruFocus' analysis, Fixstars stock appears to be overvalued. The current stock price of 円2,249.00 is trading 0.8% above its estimated GF Value™ of 円2,231.64. GuruFocus considers Fixstars to be Fairly Valued.

Key valuation signals for TSE:3687:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円2,231.64 vs. price of 円2,249.00 (0.8% above fair value)
  • GF Score™: 99/100

No single metric tells the full story. See the TSE:3687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fixstars Business Description

Other Exchanges FXSRF:USA
Address 1-11-1 Ohsaki, Shinagawa-Ku, Gate City Ohsaki West Tower 18Floor, Tokyo, JPN, 141-0032
Fixstars Corp is a Japan based software company. It offers multicore processors and application acceleration for the next generation of memory technology that delivers high speed IO as well as power savings. The solutions offered by the company are quantum computing, IoT, machine learning and FPGA. It operates in the business areas of Automotive, Flash storage, Industrial equipment, Finance, Healthcare and HPC. The company's products are M-cubed, Geometric Performance Primitives, FlashAir and Yellow Dog Appliance Server.
99GF Score

Get the complete analysis for TSE:3687

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

円2,249.00
Price
円2,231.64
GF Value