Carta Holdings (TSE:3688) Cyclically Adjusted PS Ratio: 1.45 (As of Sep. 17, 2026)

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TSE:3688 Carta Holdings Inc TSE:3688
57 GF Score
Price 円2,090.00
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What is Carta Holdings Cyclically Adjusted PS Ratio?

Carta Holdings TSE:3688 57 Cyclically Adjusted PS Ratio is 1.45 as of Sep. 17, 2026. GuruFocus rates TSE:3688 with a GF Score™ of 57/100.

As of today (2026-09-17), Carta Holdings's current share price is 円2090.00. Carta Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2025 was 円1,443.23. Carta Holdings's Cyclically Adjusted PS Ratio for today is 1.45.

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

TSE:3688's Cyclically Adjusted PS Ratio is not ranked *
in the Interactive Media industry.
Industry Median: 1.28
* Ranked among companies with meaningful Cyclically Adjusted PS Ratio only.

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.

Carta Holdings's adjusted revenue per share data for the three months ended in Jun. 2025 was 円247.348. 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1,443.23 for the trailing ten years ended in Jun. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Carta Holdings  (TSE:3688) 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.


Carta Holdings Cyclically Adjusted PS Ratio Related Terms


Carta Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Carta Holdings'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.

Carta Holdings Cyclically Adjusted PS Ratio Chart

Carta Holdings Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Carta Holdings Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.97 0.96 1.03 1.44 1.46

TSE:3688 vs GOOGL, META, SPOT: Cyclically Adjusted PS Ratio Comparison

For the Internet Content & Information subindustry, Carta Holdings'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.


Carta Holdings Cyclically Adjusted PS Ratio vs Interactive Media Industry

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

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


TSE:3688
57GF Score
Carta Holdings Inc TSE:3688
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Carta Holdings 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.

Carta Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2090.00/1443.234
=1.45

* 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.

Carta Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2025 is calculated as:

For example, Carta Holdings's adjusted Revenue per Share data for the three months ended in Jun. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=247.348/111.7000*111.7000
=247.348

Current CPI (Jun. 2025) = 111.7000.

Carta Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 357.199 97.900 407.550
201506 354.759 98.400 402.709
201509 359.964 98.500 408.203
201512 401.403 98.100 457.051
201603 424.074 97.900 483.852
201606 400.694 98.100 456.244
201609 479.611 98.000 546.659
201612 535.081 98.400 607.404
201703 552.933 98.100 629.588
201706 514.634 98.500 583.600
201709 501.684 98.800 567.187
201712 549.057 99.400 616.999
201803 626.607 99.200 705.565
201806 569.428 99.200 641.181
201809 609.359 99.900 681.335
201903 59.896 99.700 67.105
201906 192.478 99.800 215.429
201909 201.168 100.100 224.480
202003 232.686 100.300 259.133
202006 205.225 99.900 229.466
202009 206.058 99.900 230.397
202012 243.692 99.300 274.123
202103 256.037 99.900 286.280
202106 242.168 99.500 271.861
202109 227.591 100.100 253.965
202112 276.408 100.100 308.439
202203 270.005 101.100 298.314
202206 240.486 101.800 263.873
202209 247.377 103.100 268.012
202212 257.352 104.100 276.140
202303 255.802 104.400 273.689
202306 223.534 105.200 237.346
202309 221.308 106.200 232.769
202312 257.460 106.800 269.272
202403 245.993 107.200 256.319
202406 220.624 108.200 227.761
202409 223.272 108.900 229.013
202412 270.662 110.700 273.107
202503 258.923 111.100 260.321
202506 247.348 111.700 247.348

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 1.45 mean?
Carta Holdings (TSE:3688) has a Cyclically Adjusted PS Ratio of 1.45 as of Sep. 17, 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 Carta Holdings and its competitors.
Is Carta Holdings' Cyclically Adjusted PS Ratio too high?
Carta Holdings' current Cyclically Adjusted PS Ratio is 1.45. The Interactive Media industry median Cyclically Adjusted PS Ratio is 1.28. Carta Holdings' value of 1.45 is 13.3% above this industry median. Overall, Carta Holdings has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Carta Holdings' Cyclically Adjusted PS Ratio compare to GOOGL and META?
Carta Holdings' Cyclically Adjusted PS Ratio of 1.45 can be compared against companies in the Interactive Media industry. The industry median Cyclically Adjusted PS Ratio is 1.28. Carta Holdings' value of 1.45 is 13.3% above this benchmark. 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 1.28, based on 345 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. Carta Holdings's current Cyclically Adjusted PS Ratio of 1.45 is 13.3% 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 Carta Holdings and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carta Holdings's current Cyclically Adjusted PS Ratio is 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carta Holdings stock overvalued right now?
Carta Holdings (TSE:3688) has a current Cyclically Adjusted PS Ratio of 1.45. The current Cyclically Adjusted PS Ratio is 1.45 and 13.3% above the Interactive Media industry median of 1.28. Carta Holdings' overall GF Score™ is 57/100. 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 Carta Holdings (TSE:3688), the current Cyclically Adjusted PS Ratio is 1.45 as of Sep. 17, 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.

Carta Holdings Business Description

Address Shibuya First Place 1st, 6th, 7th, 8th Floor, Shimizu-machi, Shibuya-ku, Tokyo, JPN, 150-0045
Carta Holdings Inc, formerly Voyage Group Inc is a Japanese company engaged in online media-related business and web search and advertising.
57GF Score

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

円2,090.00
Price