GungHo Online Entertainment (TSE:3765) Cyclically Adjusted PS Ratio: (As of Aug. 10, 2026)

Author: Vera Yuan Vera Yuan
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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
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:3765 GungHo Online Entertainment Inc TSE:3765
66 GF Score
Price 円2,395.00
GF Value 円1,791.33
Valuation Significantly Overvalued
! 7 Warning Signs
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What is GungHo Online Entertainment Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GungHo Online Entertainment  (TSE:3765) 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.


GungHo Online Entertainment Cyclically Adjusted PS Ratio Related Terms


GungHo Online Entertainment Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for GungHo Online Entertainment'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.

GungHo Online Entertainment Cyclically Adjusted PS Ratio Chart

GungHo Online Entertainment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.97 1.41 1.47 2.00 1.48

GungHo Online Entertainment 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 1.63 1.60 1.48 1.43 0.00

TSE:3765 vs NTES, EA, TTWO: Cyclically Adjusted PS Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, GungHo Online Entertainment'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.


GungHo Online Entertainment Cyclically Adjusted PS Ratio vs Interactive Media Industry

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

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


TSE:3765
66GF Score
GungHo Online Entertainment Inc TSE:3765
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GungHo Online Entertainment 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.

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

For example, GungHo Online Entertainment'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)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

GungHo Online Entertainment Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 311.078 98.000 360.597
201612 351.960 98.400 406.328
201703 361.182 98.100 418.249
201706 328.414 98.500 378.760
201709 291.824 98.800 335.539
201712 312.382 99.400 357.008
201803 306.975 99.200 351.536
201806 291.125 99.200 333.385
201809 266.811 99.900 303.401
201812 424.569 99.700 483.762
201903 490.895 99.700 559.335
201906 332.058 99.800 377.974
201909 332.565 100.100 377.416
201912 277.716 100.500 313.916
202003 287.279 100.300 325.373
202006 325.554 99.900 370.200
202009 372.844 99.900 423.975
202012 457.043 99.300 522.861
202103 427.073 99.900 485.641
202106 320.549 99.500 365.974
202109 416.443 100.100 472.607
202112 387.832 100.100 440.137
202203 375.902 101.100 422.379
202206 364.090 101.800 406.293
202209 413.919 103.100 456.074
202212 530.403 104.100 578.807
202303 495.908 104.400 539.609
202306 611.931 105.200 660.792
202309 499.189 106.200 533.972
202312 454.096 106.800 483.008
202403 430.670 107.200 456.382
202406 481.445 108.200 505.473
202409 375.310 108.900 391.508
202412 438.621 110.700 450.112
202503 422.156 111.100 431.655
202506 483.483 111.700 491.707
202509 416.303 112.000 422.250
202512 356.214 113.000 358.105
202603 446.935 112.700 450.504
202606 0.000 113.600 0.000

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 GungHo Online Entertainment (TSE:3765) Overvalued in 2026?

Based on GuruFocus' analysis, GungHo Online Entertainment stock appears to be overvalued. The current stock price of 円2,395.00 is trading 33.7% above its estimated GF Value™ of 円1,791.33. GuruFocus considers GungHo Online Entertainment to be Significantly Overvalued.

Key valuation signals for TSE:3765:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円1,791.33 vs. price of 円2,395.00 (33.7% above fair value)
  • GF Score™: 66/100 with 7 warning signs

No single metric tells the full story. See the TSE:3765 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GungHo Online Entertainment Business Description

Other Exchanges GUNGF:USA
Address 1-11-1, Pacific Century Place Marunouchi, Marunouchi, Chiyodaku, Tokyo, JPN, 100-6221
GungHo Online Entertainment Inc is a Japanese company that plans, develops, publishes, and distributes online video games. Its portfolio includes games for smartphones, PCs, consoles, and handheld gaming devices. The company operates across several business segments, including the operation and distribution of smartphone games; the planning, development, and sale of console games; and the planning, development, licensing, and distribution of PC online games. Additionally, it is involved in the development and delivery of games for smartphones, consoles, and portable gaming platforms.
66GF Score

Get the complete analysis for TSE:3765

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

円2,395.00
Price
円1,791.33
GF Value