Keyware Solutions (TSE:3799) Cyclically Adjusted PS Ratio: 0.43 (As of Jul. 31, 2026) — 39% 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:3799 Keyware Solutions Inc TSE:3799
72 GF Score
Price 円1,081.00
GF Value 円849.93
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Keyware Solutions Cyclically Adjusted PS Ratio?

Keyware Solutions TSE:3799 -0.09% 72 Cyclically Adjusted PS Ratio is 0.43 as of Jul. 31, 2026, which is 39% above its 10-year median of 0.31. GuruFocus rates TSE:3799 with a GF Score™ of 72/100 and a GF Value™ of 円849.93 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,590 Software companies, Keyware Solutions ranks better than 82.64% on this metric.

As of today (2026-07-31), Keyware Solutions's current share price is 円1081.00. Keyware Solutions's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was 円2,538.92. Keyware Solutions's Cyclically Adjusted PS Ratio for today is 0.43.

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

TSE:3799' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.31   Max: 0.54
Current: 0.43

During the past 13 years, Keyware Solutions's highest Cyclically Adjusted PS Ratio was 0.54. The lowest was 0.19. And the median was 0.31.

TSE:3799's Cyclically Adjusted PS Ratio is ranked better than
82.64% of 1590 companies
in the Software industry
Industry Median: 1.63 vs TSE:3799: 0.43

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.

Keyware Solutions's adjusted revenue per share data of for the fiscal year that ended in Mar26 was 円2,718.941. 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2,538.92 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keyware Solutions  (TSE:3799) 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.


Keyware Solutions Cyclically Adjusted PS Ratio Related Terms


Keyware Solutions Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Keyware Solutions'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.

Keyware Solutions Cyclically Adjusted PS Ratio Chart

Keyware Solutions 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 0.29 0.24 0.34 0.30 0.44

Keyware Solutions 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 0.34 0.00 0.30 0.00 0.44

TSE:3799 vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Keyware Solutions'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.


Keyware Solutions Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:3799
72GF Score
Keyware Solutions Inc TSE:3799
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keyware Solutions 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.

Keyware Solutions's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1081.00/2538.92
=0.43

* 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.

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

For example, Keyware Solutions'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)
=2718.941/112.7000*112.7000
=2,718.941

Current CPI (Mar26) = 112.7000.

Keyware Solutions Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 1,839.560 98.100 2,113.338
201803 1,976.473 99.200 2,245.449
201903 2,065.587 99.700 2,334.921
202003 2,217.077 100.300 2,491.172
202103 2,623.999 99.900 2,960.207
202203 2,352.557 101.100 2,622.484
202303 2,385.680 104.400 2,575.346
202403 2,548.705 107.200 2,679.469
202503 2,610.242 111.100 2,647.833
202603 2,718.941 112.700 2,718.941

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 0.43 mean?
Keyware Solutions (TSE:3799) has a Cyclically Adjusted PS Ratio of 0.43 as of Jul. 31, 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 Keyware Solutions and its competitors. This is 39% above median its historical median of 0.31. Over the past decade, Keyware Solutions' Cyclically Adjusted PS Ratio has ranged from 0.19 to 0.54. According to the industry distribution chart, Keyware Solutions ranks #276 out of 1590 companies in the Software industry, placing it in the top 17.4%.
Is Keyware Solutions' Cyclically Adjusted PS Ratio too high?
Keyware Solutions' current Cyclically Adjusted PS Ratio of 0.43 is 39% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.54. The Software industry median Cyclically Adjusted PS Ratio is 1.63. Keyware Solutions' value of 0.43 is 73.6% below this industry median. Based on the distribution chart, Keyware Solutions ranks #276 out of 1590 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Keyware Solutions has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keyware Solutions' Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Keyware Solutions ranks #276 out of 1590 companies for Cyclically Adjusted PS Ratio. This places Keyware Solutions in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.63. Keyware Solutions' value of 0.43 is 73.6% below this benchmark. Historically, Keyware Solutions' own Cyclically Adjusted PS Ratio has ranged from 0.19 to 0.54 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 1.63, Keyware Solutions has consistently been below 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 1.63, 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. Keyware Solutions's current Cyclically Adjusted PS Ratio of 0.43 is 73.6% below 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 Keyware Solutions and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keyware Solutions's current Cyclically Adjusted PS Ratio is 0.43, which is 39% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keyware Solutions stock overvalued right now?
Based on GuruFocus' analysis, Keyware Solutions (TSE:3799) is currently considered Modestly Overvalued. The stock's GF Value™ is 円849.93, compared to a current price of 円1,081.00 — trading 27.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.43, which is 39% above median its 10-year median of 0.31 and 73.6% below the Software industry median of 1.63. Keyware Solutions' overall GF Score™ is 72/100 with 1 warning sign 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 Keyware Solutions (TSE:3799), the current Cyclically Adjusted PS Ratio is 0.43 as of Jul. 31, 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 Keyware Solutions (TSE:3799) Overvalued in 2026?

Based on GuruFocus' analysis, Keyware Solutions stock appears to be overvalued. The current stock price of 円1,081.00 is trading 27.2% above its estimated GF Value™ of 円849.93. GuruFocus considers Keyware Solutions to be Modestly Overvalued.

Key valuation signals for TSE:3799:

  • Cyclically Adjusted PS Ratio: 0.43 (39% above median its 10-year median of 0.31)
  • GF Value™: 円849.93 vs. price of 円1,081.00 (27.2% above fair value)
  • GF Score™: 72/100 with 1 warning sign
  • Industry Position: 73.6% below the Software median (#276 of 1590)

No single metric tells the full story. See the TSE:3799 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keyware Solutions Business Description

Address Kamikitazawa 5-37-18, Setagaya-ku, Tokyo, JPN, 156-8588
Keyware Solutions Inc is a Japan-based Information Technology (IT) service management company. It operates in two divisions including system development business and Integrated IT service business. System development business is mainly engaged in the construction and development of applications and systems related to social infrastructure. Integrated IT service division offers packaged software, hardware and support services. The company mainly caters to financial, distribution, manufacturing, communication, transportation, reporting, medical, government agency, and service industries.
72GF Score

Get the complete analysis for TSE:3799

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

円1,081.00
Price
円849.93
GF Value