Nihon Falcom (TSE:3723) Cyclically Adjusted PS Ratio: 10.32 (As of Aug. 08, 2026) — 63% Above Median

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TSE:3723 Nihon Falcom Corp TSE:3723
67 GF Score
Price 円2,714.00
GF Value 円1,730.82
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Nihon Falcom Cyclically Adjusted PS Ratio?

Nihon Falcom TSE:3723 +0.52% 67 Cyclically Adjusted PS Ratio is 10.32 as of Aug. 08, 2026, which is 63% above its 10-year median of 6.32. GuruFocus rates TSE:3723 with a GF Score™ of 67/100 and a GF Value™ of 円1,730.82 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 328 Interactive Media companies, Nihon Falcom ranks worse than 93.6% on this metric.

As of today (2026-08-08), Nihon Falcom's current share price is 円2714.00. Nihon Falcom's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円263.08. Nihon Falcom's Cyclically Adjusted PS Ratio for today is 10.32.

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

TSE:3723' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.3   Med: 6.32   Max: 10.71
Current: 10.32

During the past years, Nihon Falcom's highest Cyclically Adjusted PS Ratio was 10.71. The lowest was 4.30. And the median was 6.32.

TSE:3723's Cyclically Adjusted PS Ratio is ranked worse than
93.6% of 328 companies
in the Interactive Media industry
Industry Median: 1.32 vs TSE:3723: 10.32

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.

Nihon Falcom's adjusted revenue per share data for the three months ended in Mar. 2026 was 円60.602. 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263.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nihon Falcom  (TSE:3723) 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.


Nihon Falcom Cyclically Adjusted PS Ratio Related Terms


Nihon Falcom Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nihon Falcom'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.

Nihon Falcom Cyclically Adjusted PS Ratio Chart

Nihon Falcom 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 7.02 5.68 5.76 4.73 5.93

Nihon Falcom Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 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 0.00 4.89 5.93 6.32 7.33

TSE:3723 vs NTES, EA, TTWO: Cyclically Adjusted PS Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Nihon Falcom'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.


Nihon Falcom Cyclically Adjusted PS Ratio vs Interactive Media Industry

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

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


TSE:3723
67GF Score
Nihon Falcom Corp TSE:3723
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nihon Falcom 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.

Nihon Falcom's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2714.00/263.08
=10.32

* 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.

Nihon Falcom's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Nihon Falcom's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=60.602/112.7000*112.7000
=60.602

Current CPI (Mar. 2026) = 112.7000.

Nihon Falcom Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 19.671 97.900 22.645
201606 12.418 98.100 14.266
201609 77.194 98.000 88.773
201612 27.882 98.400 31.934
201703 16.499 98.100 18.955
201706 50.630 98.500 57.929
201709 105.025 98.800 119.801
201712 30.323 99.400 34.380
201803 39.564 99.200 44.948
201806 30.388 99.200 34.523
201809 129.102 99.900 145.644
201812 54.345 99.700 61.431
201903 47.548 99.700 53.748
201906 46.399 99.800 52.396
201909 90.436 100.100 101.820
201912 46.444 100.500 52.082
202003 22.410 100.300 25.181
202006 43.556 99.900 49.137
202009 130.449 99.900 147.163
202012 62.530 99.300 70.968
202103 39.869 99.900 44.977
202106 34.204 99.500 38.742
202109 104.443 100.100 117.590
202112 36.881 100.100 41.523
202203 53.025 101.100 59.109
202206 54.503 101.800 60.339
202209 102.071 103.100 111.575
202212 36.494 104.100 39.509
202303 74.298 104.400 80.205
202306 33.102 105.200 35.462
202309 96.728 106.200 102.648
202312 67.486 106.800 71.214
202403 31.091 107.200 32.686
202406 25.187 108.200 26.235
202409 121.812 108.900 126.063
202503 0.000 111.100 0.000
202506 42.376 111.700 42.755
202509 152.956 112.000 153.912
202512 92.377 113.000 92.132
202603 60.602 112.700 60.602

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 10.32 mean?
Nihon Falcom (TSE:3723) has a Cyclically Adjusted PS Ratio of 10.32 as of Aug. 08, 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 Nihon Falcom and its competitors. This is 63% above median its historical median of 6.32. Over the past decade, Nihon Falcom's Cyclically Adjusted PS Ratio has ranged from 4.30 to 10.71. According to the industry distribution chart, Nihon Falcom ranks #307 out of 328 companies in the Interactive Media industry, placing it in the top 93.6%.
Is Nihon Falcom's Cyclically Adjusted PS Ratio too high?
Nihon Falcom's current Cyclically Adjusted PS Ratio of 10.32 is 63% above median its 10-year median of 6.32. Over the past 10 years, this metric has ranged from a low of 4.30 to a high of 10.71. The Interactive Media industry median Cyclically Adjusted PS Ratio is 1.32. Nihon Falcom's value of 10.32 is 681.8% above this industry median. Based on the distribution chart, Nihon Falcom ranks #307 out of 328 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Nihon Falcom has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Falcom's Cyclically Adjusted PS Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, Nihon Falcom ranks #307 out of 328 companies for Cyclically Adjusted PS Ratio. This places Nihon Falcom in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.32. Nihon Falcom's value of 10.32 is 681.8% above this benchmark. Historically, Nihon Falcom's own Cyclically Adjusted PS Ratio has ranged from 4.30 to 10.71 over the past decade. While the company's 10-year median is 6.32 vs. the industry median of 1.32, Nihon Falcom 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 an Interactive Media company?
The median Cyclically Adjusted PS Ratio among Interactive Media companies is 1.32, based on 328 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. Nihon Falcom's current Cyclically Adjusted PS Ratio of 10.32 is 681.8% 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 Nihon Falcom and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PS Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Falcom's current Cyclically Adjusted PS Ratio is 10.32, which is 63% above median its own 10-year median of 6.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Falcom stock overvalued right now?
Based on GuruFocus' analysis, Nihon Falcom (TSE:3723) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,730.82, compared to a current price of 円2,714.00 — trading 56.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.32, which is 63% above median its 10-year median of 6.32 and 681.8% above the Interactive Media industry median of 1.32. Nihon Falcom's overall GF Score™ is 67/100 with 4 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 Nihon Falcom (TSE:3723), the current Cyclically Adjusted PS Ratio is 10.32 as of Aug. 08, 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 Nihon Falcom (TSE:3723) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Falcom stock appears to be overvalued. The current stock price of 円2,714.00 is trading 56.8% above its estimated GF Value™ of 円1,730.82. GuruFocus considers Nihon Falcom to be Significantly Overvalued.

Key valuation signals for TSE:3723:

  • Cyclically Adjusted PS Ratio: 10.32 (63% above median its 10-year median of 6.32)
  • GF Value™: 円1,730.82 vs. price of 円2,714.00 (56.8% above fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 681.8% above the Interactive Media median (#307 of 328)

No single metric tells the full story. See the TSE:3723 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nihon Falcom Business Description

Address Tokyo Tatemono Faret Tachikawa Building, 2-8-18 Akebono, Tachikawa, Tokyo, JPN, 190-0012
Nihon Falcom Corp is a Japan-based company engages in the development and sale of game software. It produces music titles/video titles; plans game software; sells game software and related products; and provides various licenses. It offers role-playing game software and Japanese version of overseas game software as well as home-use game software, among others.
67GF Score

Get the complete analysis for TSE:3723

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

円2,714.00
Price
円1,730.82
GF Value