FFRI Security (TSE:3692) Cyclically Adjusted PS Ratio: 17.98 (As of Aug. 03, 2026) — 63% Above 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:3692 FFRI Security Inc TSE:3692
85 GF Score
Price 円5,190.00
GF Value 円4,431.36
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is FFRI Security Cyclically Adjusted PS Ratio?

FFRI Security TSE:3692 +7.56% 85 Cyclically Adjusted PS Ratio is 17.98 as of Aug. 03, 2026, which is 63% above its 10-year median of 11.02. GuruFocus rates TSE:3692 with a GF Score™ of 85/100 and a GF Value™ of 円4,431.36 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,590 Software companies, FFRI Security ranks worse than 96.1% on this metric.

As of today (2026-08-03), FFRI Security's current share price is 円5190.00. FFRI Security's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was 円288.69. FFRI Security's Cyclically Adjusted PS Ratio for today is 17.98.

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

TSE:3692' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.07   Med: 11.02   Max: 49.12
Current: 16.59

During the past 13 years, FFRI Security's highest Cyclically Adjusted PS Ratio was 49.12. The lowest was 5.07. And the median was 11.02.

TSE:3692's Cyclically Adjusted PS Ratio is ranked worse than
96.1% of 1590 companies
in the Software industry
Industry Median: 1.645 vs TSE:3692: 16.59

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.

FFRI Security's adjusted revenue per share data of for the fiscal year that ended in Mar26 was 円549.785. 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288.69 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


FFRI Security  (TSE:3692) 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.


FFRI Security Cyclically Adjusted PS Ratio Related Terms


FFRI Security Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for FFRI Security'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.

FFRI Security Cyclically Adjusted PS Ratio Chart

FFRI Security Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 5.29 9.28 14.08 20.96

FFRI Security Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 9.28 0.00 14.08 0.00 20.96

TSE:3692 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, FFRI Security'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.


FFRI Security Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:3692
85GF Score
FFRI Security Inc TSE:3692
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FFRI Security 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.

FFRI Security's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5190.00/288.69
=17.98

* 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.

FFRI Security's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, FFRI Security's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=549.785/112.7000*112.7000
=549.785

Current CPI (Mar26) = 112.7000.

FFRI Security Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 181.254 98.100 208.230
201803 204.581 99.200 232.422
201903 201.743 99.700 228.049
202003 195.443 100.300 219.605
202103 197.592 99.900 222.909
202203 219.971 101.100 245.210
202303 246.094 104.400 265.659
202403 309.343 107.200 325.214
202503 384.254 111.100 389.788
202603 549.785 112.700 549.785

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 17.98 mean?
FFRI Security (TSE:3692) has a Cyclically Adjusted PS Ratio of 17.98 as of Aug. 03, 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 FFRI Security and its competitors. This is 63% above median its historical median of 11.02. Over the past decade, FFRI Security's Cyclically Adjusted PS Ratio has ranged from 5.07 to 49.12. According to the industry distribution chart, FFRI Security ranks #1528 out of 1590 companies in the Software industry, placing it in the top 96.1%.
Is FFRI Security's Cyclically Adjusted PS Ratio too high?
FFRI Security's current Cyclically Adjusted PS Ratio of 17.98 is 63% above median its 10-year median of 11.02. Over the past 10 years, this metric has ranged from a low of 5.07 to a high of 49.12. The Software industry median Cyclically Adjusted PS Ratio is 1.65. FFRI Security's value of 17.98 is 993% above this industry median. Based on the distribution chart, FFRI Security ranks #1528 out of 1590 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, FFRI Security has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FFRI Security's Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, FFRI Security ranks #1528 out of 1590 companies for Cyclically Adjusted PS Ratio. This places FFRI Security in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.65. FFRI Security's value of 17.98 is 993% above this benchmark. Historically, FFRI Security's own Cyclically Adjusted PS Ratio has ranged from 5.07 to 49.12 over the past decade. While the company's 10-year median is 11.02 vs. the industry median of 1.65, FFRI Security 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.65, based on 1,590 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. FFRI Security's current Cyclically Adjusted PS Ratio of 17.98 is 993% 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 FFRI Security and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FFRI Security's current Cyclically Adjusted PS Ratio is 17.98, which is 63% above median its own 10-year median of 11.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FFRI Security stock overvalued right now?
Based on GuruFocus' analysis, FFRI Security (TSE:3692) is currently considered Modestly Overvalued. The stock's GF Value™ is 円4,431.36, compared to a current price of 円5,190.00 — trading 17.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 17.98, which is 63% above median its 10-year median of 11.02 and 993% above the Software industry median of 1.65. FFRI Security's overall GF Score™ is 85/100 with 2 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 FFRI Security (TSE:3692), the current Cyclically Adjusted PS Ratio is 17.98 as of Aug. 03, 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 FFRI Security (TSE:3692) Overvalued in 2026?

Based on GuruFocus' analysis, FFRI Security stock appears to be overvalued. The current stock price of 円5,190.00 is trading 17.1% above its estimated GF Value™ of 円4,431.36. GuruFocus considers FFRI Security to be Modestly Overvalued.

Key valuation signals for TSE:3692:

  • Cyclically Adjusted PS Ratio: 17.98 (63% above median its 10-year median of 11.02)
  • GF Value™: 円4,431.36 vs. price of 円5,190.00 (17.1% above fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 993% above the Software median (#1528 of 1590)

No single metric tells the full story. See the TSE:3692 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FFRI Security Business Description

Address 3-3-1, Marunouchi, 2nd Floor, Shin-Tokyo Building, Chiyoda-ku, Tokyo, JPN, 100-0005
FFRI Security Inc is engaged in providing computer security research, consulting, information provision, education, network system research, computer software and computer program planning, development, sales, leasing, maintenance, management, operation, and the acquisition, transfer, lending, and management of related property right such as copyrights, patent rights, utility model rights, trademark rights, and design rights.
85GF Score

Get the complete analysis for TSE:3692

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

円5,190.00
Price
円4,431.36
GF Value