eBASE Co (TSE:3835) Cyclically Adjusted PS Ratio: 4.05 (As of Sep. 14, 2026) — 45% Below Median

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TSE:3835 eBASE Co Ltd TSE:3835
75 GF Score
Price 円432.00
GF Value 円651.35
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is eBASE Co Cyclically Adjusted PS Ratio?

eBASE Co TSE:3835 +1.41% 75 Cyclically Adjusted PS Ratio is 4.05 as of Sep. 14, 2026, which is 45% below its 10-year median of 7.42. GuruFocus rates TSE:3835 with a GF Score™ of 75/100 and a GF Value™ of 円651.35 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,600 Software companies, eBASE Co ranks worse than 72.56% on this metric.

As of today (2026-09-14), eBASE Co's current share price is 円432.00. eBASE Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円106.57. eBASE Co's Cyclically Adjusted PS Ratio for today is 4.05.

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: 3.64   Med: 7.42   Max: 21.18
Current: 4

During the past years, eBASE Co's highest Cyclically Adjusted PS Ratio was 21.18. The lowest was 3.64. And the median was 7.42.

TSE:3835's Cyclically Adjusted PS Ratio is ranked worse than
72.56% of 1600 companies
in the Software industry
Industry Median: 1.66 vs TSE:3835: 4.00

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 for the three months ended in Mar. 2026 was 円36.826. 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106.57 for the trailing ten years ended in Mar. 2026.

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 6.92 7.77 7.64 0.00 3.83

eBASE Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 5.06 4.78 4.21 3.83 0.00

TSE:3835 vs CRM, 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
75GF 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
=432.00/106.57
=4.05

* 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 quarter that ended in Mar. 2026 is calculated as:

For example, eBASE Co'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)
=36.826/112.7000*112.7000
=36.826

Current CPI (Mar. 2026) = 112.7000.

eBASE Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 24.663 97.900 28.391
201606 17.144 98.100 19.696
201609 18.866 98.000 21.696
201612 17.315 98.400 19.831
201703 25.064 98.100 28.794
201706 17.926 98.500 20.510
201709 21.149 98.800 24.124
201712 17.783 99.400 20.162
201803 26.463 99.200 30.064
201806 17.989 99.200 20.437
201809 20.394 99.900 23.007
201812 19.036 99.700 21.518
201903 30.270 99.700 34.217
201906 18.547 99.800 20.944
201909 25.690 100.100 28.924
201912 20.442 100.500 22.924
202003 31.537 100.300 35.436
202006 19.064 99.900 21.507
202009 22.090 99.900 24.920
202012 20.992 99.300 23.825
202103 30.996 99.900 34.967
202106 19.351 99.500 21.918
202109 24.149 100.100 27.189
202112 21.821 100.100 24.568
202203 28.890 101.100 32.205
202206 20.835 101.800 23.066
202209 24.131 103.100 26.378
202212 23.827 104.100 25.795
202303 33.793 104.400 36.480
202306 23.594 105.200 25.276
202309 28.093 106.200 29.812
202312 26.724 106.800 28.200
202403 34.983 107.200 36.778
202406 23.399 108.200 24.372
202409 32.316 108.900 33.444
202503 0.000 111.100 0.000
202506 23.904 111.700 24.118
202509 30.358 112.000 30.548
202512 26.251 113.000 26.181
202603 36.826 112.700 36.826

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 4.05 mean?
eBASE Co (TSE:3835) has a Cyclically Adjusted PS Ratio of 4.05 as of Sep. 14, 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 45% below median its historical median of 7.42. Over the past decade, eBASE Co's Cyclically Adjusted PS Ratio has ranged from 3.64 to 21.18. According to the industry distribution chart, eBASE Co ranks #1161 out of 1600 companies in the Software industry, placing it in the top 72.6%.
Is eBASE Co's Cyclically Adjusted PS Ratio too high?
eBASE Co's current Cyclically Adjusted PS Ratio of 4.05 is 45% below median its 10-year median of 7.42. Over the past 10 years, this metric has ranged from a low of 3.64 to a high of 21.18. The Software industry median Cyclically Adjusted PS Ratio is 1.66. eBASE Co's value of 4.05 is 144% above this industry median. Based on the distribution chart, eBASE Co ranks #1161 out of 1600 companies in the Software industry, which is below the industry midpoint. Overall, eBASE Co has a GF Score™ of 75/100 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 CRM and SHOP?
According to the Software industry distribution chart, eBASE Co ranks #1161 out of 1600 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 1.66. eBASE Co's value of 4.05 is 144% above this benchmark. Historically, eBASE Co's own Cyclically Adjusted PS Ratio has ranged from 3.64 to 21.18 over the past decade. While the company's 10-year median is 7.42 vs. the industry median of 1.66, 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 1.66, based on 1,600 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 4.05 is 144% 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 1.66 — 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 4.05, which is 45% below median its own 10-year median of 7.42. 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651.35, compared to a current price of 円432.00 — trading 33.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.05, which is 45% below median its 10-year median of 7.42 and 144% above the Software industry median of 1.66. eBASE Co's overall GF Score™ is 75/100 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 4.05 as of Sep. 14, 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432.00 is trading 33.7% below its estimated GF Value™ of 円651.35. GuruFocus considers eBASE Co to be Significantly Undervalued.

Key valuation signals for TSE:3835:

  • Cyclically Adjusted PS Ratio: 4.05 (45% below median its 10-year median of 7.42)
  • GF Value™: 円651.35 vs. price of 円432.00 (33.7% below fair value)
  • GF Score™: 75/100 with 2 warning signs
  • Industry Position: 144% above the Software median (#1161 of 1600)

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.
75GF 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432.00
Price
円651.35
GF Value