eBASE Co (TSE:3835) Cyclically Adjusted PS Ratio: 3.96 (As of Aug. 02, 2026) — 47% Below 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:3835 eBASE Co Ltd TSE:3835
71 GF Score
Price 円425.00
GF Value 円648.31
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is eBASE Co Cyclically Adjusted PS Ratio?

eBASE Co TSE:3835 -1.16% 71 Cyclically Adjusted PS Ratio is 3.96 as of Aug. 02, 2026, which is 47% below its 10-year median of 7.47. GuruFocus rates TSE:3835 with a GF Score™ of 71/100 and a GF Value™ of 円648.31 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,590 Software companies, eBASE Co ranks worse than 73.14% on this metric.

As of today (2026-08-02), eBASE Co's current share price is 円425.00. eBASE Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was 円107.24. eBASE Co's Cyclically Adjusted PS Ratio for today is 3.96.

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

TSE:3835' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.62   Med: 7.47   Max: 21.58
Current: 3.92

During the past 13 years, eBASE Co's highest Cyclically Adjusted PS Ratio was 21.58. The lowest was 3.62. And the median was 7.47.

TSE:3835's Cyclically Adjusted PS Ratio is ranked worse than
73.14% of 1590 companies
in the Software industry
Industry Median: 1.645 vs TSE:3835: 3.92

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.

eBASE Co's adjusted revenue per share data of for the fiscal year that ended in Mar26 was 円117.724. 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107.24 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


eBASE Co  (TSE:3835) 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.


eBASE Co Cyclically Adjusted PS Ratio Related Terms


eBASE Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for eBASE 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.

eBASE Co Cyclically Adjusted PS Ratio Chart

eBASE Co 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 6.93 7.78 7.66 5.27 3.80

eBASE Co 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 7.66 0.00 5.27 0.00 3.80

TSE:3835 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, eBASE 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.


eBASE Co Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:3835
71GF Score
eBASE Co Ltd TSE:3835
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

eBASE 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.

eBASE Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=425.00/107.24
=3.96

* 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.

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

For example, eBASE Co'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)
=117.724/112.7000*112.7000
=117.724

Current CPI (Mar26) = 112.7000.

eBASE Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 78.395 98.100 90.062
201803 83.339 99.200 94.680
201903 87.703 99.700 99.139
202003 96.220 100.300 108.116
202103 93.154 99.900 105.090
202203 94.234 101.100 105.046
202303 102.570 104.400 110.725
202403 113.350 107.200 119.166
202503 120.919 111.100 122.660
202603 117.724 112.700 117.724

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 3.96 mean?
eBASE Co (TSE:3835) has a Cyclically Adjusted PS Ratio of 3.96 as of Aug. 02, 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 eBASE Co and its competitors. This is 47% below median its historical median of 7.47. Over the past decade, eBASE Co's Cyclically Adjusted PS Ratio has ranged from 3.62 to 21.58. According to the industry distribution chart, eBASE Co ranks #1163 out of 1590 companies in the Software industry, placing it in the top 73.1%.
Is eBASE Co's Cyclically Adjusted PS Ratio too high?
eBASE Co's current Cyclically Adjusted PS Ratio of 3.96 is 47% below median its 10-year median of 7.47. Over the past 10 years, this metric has ranged from a low of 3.62 to a high of 21.58. The Software industry median Cyclically Adjusted PS Ratio is 1.65. eBASE Co's value of 3.96 is 140.7% above this industry median. Based on the distribution chart, eBASE Co ranks #1163 out of 1590 companies in the Software industry, which is below the industry midpoint. Overall, eBASE Co has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does eBASE Co's Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, eBASE Co ranks #1163 out of 1590 companies for Cyclically Adjusted PS Ratio. This places eBASE Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.65. eBASE Co's value of 3.96 is 140.7% above this benchmark. Historically, eBASE Co's own Cyclically Adjusted PS Ratio has ranged from 3.62 to 21.58 over the past decade. While the company's 10-year median is 7.47 vs. the industry median of 1.65, eBASE Co 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.65, 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. eBASE Co's current Cyclically Adjusted PS Ratio of 3.96 is 140.7% 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 eBASE Co and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. eBASE Co's current Cyclically Adjusted PS Ratio is 3.96, which is 47% below median its own 10-year median of 7.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is eBASE Co stock overvalued right now?
Based on GuruFocus' analysis, eBASE Co (TSE:3835) is currently considered Significantly Undervalued. The stock's GF Value™ is 円648.31, compared to a current price of 円425.00 — trading 34.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.96, which is 47% below median its 10-year median of 7.47 and 140.7% above the Software industry median of 1.65. eBASE Co's overall GF Score™ is 71/100 with 2 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 eBASE Co (TSE:3835), the current Cyclically Adjusted PS Ratio is 3.96 as of Aug. 02, 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 eBASE Co (TSE:3835) Overvalued in 2026?

Based on GuruFocus' analysis, eBASE Co stock appears to be undervalued. The current stock price of 円425.00 is trading 34.4% below its estimated GF Value™ of 円648.31. GuruFocus considers eBASE Co to be Significantly Undervalued.

Key valuation signals for TSE:3835:

  • Cyclically Adjusted PS Ratio: 3.96 (47% below median its 10-year median of 7.47)
  • GF Value™: 円648.31 vs. price of 円425.00 (34.4% below fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 140.7% above the Software median (#1163 of 1590)

No single metric tells the full story. See the TSE:3835 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


eBASE Co Business Description

Address 5-chome, 4-9 Toyosaki, Osaka, JPN
eBASE Co Ltd is engaged in the planning, development, sales and maintenance of e BASE series which is a content management software. The solutions provided by the company include food industry solutions, residential industry solutions, printing industry solutions, data pool solution, and sales support solutions.
71GF Score

Get the complete analysis for TSE:3835

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

円425.00
Price
円648.31
GF Value