The Why How Do Co (TSE:3823) Cyclically Adjusted PS Ratio: (As of Aug. 08, 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.
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:3823 The Why How Do Co Inc TSE:3823
43 GF Score
Price 円30.00
GF Value 円65.03
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is The Why How Do Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Why How Do Co  (TSE:3823) 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.


The Why How Do Co Cyclically Adjusted PS Ratio Related Terms


The Why How Do Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for The Why How Do Co'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.

The Why How Do Co Cyclically Adjusted PS Ratio Chart

The Why How Do Co Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 1.24 1.13 0.91 0.43

The Why How Do Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26
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 0.00 1.16 0.00 0.00

TSE:3823 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, The Why How Do Co'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.


The Why How Do Co Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, The Why How Do Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where The Why How Do Co's Cyclically Adjusted PS Ratio falls into.


TSE:3823
43GF Score
The Why How Do Co Inc TSE:3823
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Why How Do Co 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.

The Why How Do Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, The Why How Do Co's adjusted Revenue per Share data for the three months ended in Feb. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=6.893/112.2000*112.2000
=6.893

Current CPI (Feb. 2026) = 112.2000.

The Why How Do Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201602 45.033 97.800 51.664
201605 30.084 98.200 34.373
201608 38.816 97.900 44.486
201611 43.181 98.600 49.137
201702 42.785 98.100 48.935
201705 39.196 98.600 44.602
201708 25.248 98.500 28.760
201711 16.767 99.100 18.983
201802 13.741 99.500 15.495
201805 13.289 99.300 15.015
201808 12.883 99.800 14.484
201811 17.295 100.000 19.405
201902 17.244 99.700 19.406
201905 14.666 100.000 16.455
201908 16.547 100.000 18.566
201911 13.248 100.500 14.790
202002 12.214 100.300 13.663
202005 7.507 100.100 8.414
202008 10.220 100.100 11.455
202011 8.583 99.500 9.679
202102 7.704 99.800 8.661
202105 7.957 99.400 8.982
202108 6.898 99.700 7.763
202111 8.401 100.100 9.417
202202 8.317 100.700 9.267
202205 6.003 101.800 6.616
202208 5.853 102.700 6.394
202211 6.738 103.900 7.276
202302 8.125 104.000 8.766
202305 6.372 105.100 6.802
202308 5.902 105.900 6.253
202311 5.358 106.900 5.624
202402 3.817 106.900 4.006
202405 2.125 108.100 2.206
202408 2.797 109.100 2.876
202502 0.000 110.800 0.000
202505 5.162 111.800 5.180
202508 5.020 112.100 5.024
202511 6.327 113.200 6.271
202602 6.893 112.200 6.893

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 The Why How Do Co (TSE:3823) Overvalued in 2026?

Based on GuruFocus' analysis, The Why How Do Co stock appears to be undervalued. The current stock price of 円30.00 is trading 53.9% below its estimated GF Value™ of 円65.03. GuruFocus considers The Why How Do Co to be Possible Value Trap.

Key valuation signals for TSE:3823:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円65.03 vs. price of 円30.00 (53.9% below fair value)
  • GF Score™: 43/100 with 5 warning signs

No single metric tells the full story. See the TSE:3823 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Why How Do Co Business Description

Address 22 Aizumi-cho, Daisan Yamada Building, Shinjuku-ku, Tokyo, JPN, 160-0005
The Why How Do Co Inc formerly Acrodea Inc is a software company. It is mainly engaged in the development of platform services for smartphones and IoT related solutions. In addition, the company provides social game and application related development and services.
43GF Score

Get the complete analysis for TSE:3823

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

円30.00
Price
円65.03
GF Value