ASAHI Net (TSE:3834) Cyclically Adjusted PS Ratio: 1.46 (As of Aug. 28, 2026) — 23% Below Median

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TSE:3834 ASAHI Net Inc TSE:3834
75 GF Score
Price 円625.00
GF Value 円754.40
Valuation Modestly Undervalued
! 1 Warning Sign
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What is ASAHI Net Cyclically Adjusted PS Ratio?

ASAHI Net TSE:3834 +0.32% 75 Cyclically Adjusted PS Ratio is 1.46 as of Aug. 28, 2026, which is 23% below its 10-year median of 1.89. GuruFocus rates TSE:3834 with a GF Score™ of 75/100 and a GF Value™ of 円754.40 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 302 Telecommunication Services companies, ASAHI Net ranks worse than 56.62% on this metric.

As of today (2026-08-28), ASAHI Net's current share price is 円625.00. ASAHI Net's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円429.39. ASAHI Net's Cyclically Adjusted PS Ratio for today is 1.46.

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

TSE:3834' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.39   Med: 1.89   Max: 5.03
Current: 1.45

During the past years, ASAHI Net's highest Cyclically Adjusted PS Ratio was 5.03. The lowest was 1.39. And the median was 1.89.

TSE:3834's Cyclically Adjusted PS Ratio is ranked worse than
56.62% of 302 companies
in the Telecommunication Services industry
Industry Median: 1.17 vs TSE:3834: 1.45

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.

ASAHI Net's adjusted revenue per share data for the three months ended in Mar. 2026 was 円130.538. 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429.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASAHI Net  (TSE:3834) 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.


ASAHI Net Cyclically Adjusted PS Ratio Related Terms


ASAHI Net Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ASAHI Net'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.

ASAHI Net Cyclically Adjusted PS Ratio Chart

ASAHI Net 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 1.85 1.70 1.72 0.00 1.51

ASAHI Net 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 1.69 1.71 1.65 1.51

TSE:3834 vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, ASAHI Net'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.


ASAHI Net Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, ASAHI Net's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3834
75GF Score
ASAHI Net Inc TSE:3834
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASAHI Net 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.

ASAHI Net's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=625.00/429.39
=1.46

* 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.

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

For example, ASAHI Net'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)
=130.538/112.7000*112.7000
=130.538

Current CPI (Mar. 2026) = 112.7000.

ASAHI Net Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 72.418 97.900 83.366
201606 71.710 98.100 82.382
201609 71.818 98.000 82.591
201612 73.625 98.400 84.325
201703 78.452 98.100 90.128
201706 77.110 98.500 88.226
201709 77.313 98.800 88.190
201712 79.781 99.400 90.456
201803 81.468 99.200 92.555
201806 81.133 99.200 92.174
201809 80.707 99.900 91.048
201812 82.492 99.700 93.248
201903 84.710 99.700 95.755
201906 88.277 99.800 99.688
201909 85.557 100.100 96.326
201912 85.962 100.500 96.397
202003 95.137 100.300 106.899
202006 99.681 99.900 112.453
202009 100.383 99.900 113.245
202012 102.587 99.300 116.431
202103 104.267 99.900 117.627
202106 101.046 99.500 114.451
202109 102.783 100.100 115.721
202112 103.695 100.100 116.748
202203 106.760 101.100 119.009
202206 108.337 101.800 119.937
202209 107.718 103.100 117.748
202212 108.631 104.100 117.605
202303 110.076 104.400 118.827
202306 108.792 105.200 116.548
202309 108.620 106.200 115.268
202312 109.020 106.800 115.043
202403 113.571 107.200 119.398
202406 118.534 108.200 123.464
202409 120.564 108.900 124.771
202503 0.000 111.100 0.000
202506 127.718 111.700 128.861
202509 128.627 112.000 129.431
202512 130.026 113.000 129.681
202603 130.538 112.700 130.538

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 1.46 mean?
ASAHI Net (TSE:3834) has a Cyclically Adjusted PS Ratio of 1.46 as of Aug. 28, 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 ASAHI Net and its competitors. This is 23% below median its historical median of 1.89. Over the past decade, ASAHI Net's Cyclically Adjusted PS Ratio has ranged from 1.39 to 5.03. According to the industry distribution chart, ASAHI Net ranks #171 out of 302 companies in the Telecommunication Services industry, placing it in the top 56.6%.
Is ASAHI Net's Cyclically Adjusted PS Ratio too high?
ASAHI Net's current Cyclically Adjusted PS Ratio of 1.46 is 23% below median its 10-year median of 1.89. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 5.03. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.17. ASAHI Net's value of 1.46 is 24.8% above this industry median. Based on the distribution chart, ASAHI Net ranks #171 out of 302 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, ASAHI Net has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ASAHI Net's Cyclically Adjusted PS Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, ASAHI Net ranks #171 out of 302 companies for Cyclically Adjusted PS Ratio. This places ASAHI Net in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.17. ASAHI Net's value of 1.46 is 24.8% above this benchmark. Historically, ASAHI Net's own Cyclically Adjusted PS Ratio has ranged from 1.39 to 5.03 over the past decade. While the company's 10-year median is 1.89 vs. the industry median of 1.17, ASAHI Net 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 a Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.17, based on 302 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. ASAHI Net's current Cyclically Adjusted PS Ratio of 1.46 is 24.8% 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 ASAHI Net and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASAHI Net's current Cyclically Adjusted PS Ratio is 1.46, which is 23% below median its own 10-year median of 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASAHI Net stock overvalued right now?
Based on GuruFocus' analysis, ASAHI Net (TSE:3834) is currently considered Modestly Undervalued. The stock's GF Value™ is 円754.40, compared to a current price of 円625.00 — trading 17.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.46, which is 23% below median its 10-year median of 1.89 and 24.8% above the Telecommunication Services industry median of 1.17. ASAHI Net's overall GF Score™ is 75/100 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 ASAHI Net (TSE:3834), the current Cyclically Adjusted PS Ratio is 1.46 as of Aug. 28, 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 ASAHI Net (TSE:3834) Overvalued in 2026?

Based on GuruFocus' analysis, ASAHI Net stock appears to be undervalued. The current stock price of 円625.00 is trading 17.2% below its estimated GF Value™ of 円754.40. GuruFocus considers ASAHI Net to be Modestly Undervalued.

Key valuation signals for TSE:3834:

  • Cyclically Adjusted PS Ratio: 1.46 (23% below median its 10-year median of 1.89)
  • GF Value™: 円754.40 vs. price of 円625.00 (17.2% below fair value)
  • GF Score™: 75/100 with 1 warning sign
  • Industry Position: 24.8% above the Telecommunication Services median (#171 of 302)

No single metric tells the full story. See the TSE:3834 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASAHI Net Business Description

Address Ginza 4-12-15 Chuo-ku, Kabukiza Tower 21 Floor, Tokyo, JPN, 104-0061
ASAHI Net Inc is a Japan-based internet service provider. The company mainly offers internet connection services using fiber-optic technology and mobile networks, live survey system respon, system maintenance, and manufacturer maintenance. The company also provides learning management system named manaba.
75GF Score

Get the complete analysis for TSE:3834

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

円625.00
Price
円754.40
GF Value