FFRI Security (TSE:3692) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.
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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
74 GF Score
Price 円7,570.00
GF Value 円4,333.39
Valuation Significantly Overvalued
! 3 Warning Signs
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What is FFRI Security Cyclically Adjusted PS Ratio?

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 7.08 5.29 9.29 14.09 20.97

FFRI Security 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 24.58 29.51 25.25 20.87 15.92

TSE:3692 vs CRM, 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
74GF 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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, FFRI Security'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)
=114.726/113.6000*113.6000
=114.726

Current CPI (Jun. 2026) = 113.6000.

FFRI Security Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 39.517 98.000 45.807
201612 51.702 98.400 59.688
201703 56.736 98.100 65.700
201706 45.795 98.500 52.815
201709 49.634 98.800 57.069
201712 51.277 99.400 58.602
201803 57.836 99.200 66.232
201806 46.449 99.200 53.192
201809 49.130 99.900 55.868
201812 46.512 99.700 52.997
201903 59.577 99.700 67.883
201906 44.228 99.800 50.344
201909 44.048 100.100 49.989
201912 45.670 100.500 51.623
202003 61.663 100.300 69.840
202006 42.032 99.900 47.796
202009 43.034 99.900 48.936
202012 43.917 99.300 50.241
202103 68.611 99.900 78.020
202106 39.973 99.500 45.638
202109 54.787 100.100 62.176
202112 59.521 100.100 67.548
202203 65.823 101.100 73.961
202206 47.492 101.800 52.997
202209 52.581 103.100 57.936
202212 59.085 104.100 64.477
202303 87.123 104.400 94.801
202306 54.320 105.200 58.657
202309 66.131 106.200 70.739
202312 89.003 106.800 94.670
202403 99.900 107.200 105.864
202406 66.532 108.200 69.852
202409 65.503 108.900 68.330
202412 100.433 110.700 103.064
202503 151.803 111.100 155.219
202506 113.352 111.700 115.280
202509 117.524 112.000 119.203
202512 133.982 113.000 134.693
202603 184.957 112.700 186.434
202606 114.726 113.600 114.726

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 FFRI Security (TSE:3692) Overvalued in 2026?

Based on GuruFocus' analysis, FFRI Security stock appears to be overvalued. The current stock price of 円7,570.00 is trading 74.7% above its estimated GF Value™ of 円4,333.39. GuruFocus considers FFRI Security to be Significantly Overvalued.

Key valuation signals for TSE:3692:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円4,333.39 vs. price of 円7,570.00 (74.7% above fair value)
  • GF Score™: 74/100 with 3 warning signs

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.
74GF 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7,570.00
Price
円4,333.39
GF Value