Awa Paper & Technological Co (TSE:3896) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:3896 Awa Paper & Technological Co Inc TSE:3896
60 GF Score
Price 円416.00
GF Value 円492.41
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Awa Paper & Technological Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Awa Paper & Technological Co  (TSE:3896) 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.


Awa Paper & Technological Co Cyclically Adjusted PS Ratio Related Terms


Awa Paper & Technological Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Awa Paper & Technological 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.

Awa Paper & Technological Co Cyclically Adjusted PS Ratio Chart

Awa Paper & Technological 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 0.21 0.42 0.32 0.24 0.23

Awa Paper & Technological Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 0.22 0.22 0.19 0.22 0.20

Awa Paper & Technological Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Paper & Paper Products subindustry, Awa Paper & Technological 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.


Awa Paper & Technological Co Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Awa Paper & Technological Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Awa Paper & Technological Co's Cyclically Adjusted PS Ratio falls into.


TSE:3896
60GF Score
Awa Paper & Technological Co Inc TSE:3896
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Awa Paper & Technological 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.

Awa Paper & Technological Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Awa Paper & Technological Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=514.27/113.6000*113.6000
=514.270

Current CPI (Jun. 2026) = 113.6000.

Awa Paper & Technological Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 412.994 98.000 478.736
201612 383.379 98.400 442.600
201703 385.329 98.100 446.212
201706 410.878 98.500 473.865
201709 418.668 98.800 481.383
201712 395.017 99.400 451.448
201803 383.828 99.200 439.545
201806 399.241 99.200 457.195
201809 423.676 99.900 481.778
201812 399.385 99.700 455.067
201903 390.982 99.700 445.492
201906 390.723 99.800 444.751
201909 385.787 100.100 437.816
201912 379.700 100.500 429.193
202003 382.559 100.300 433.287
202006 320.769 99.900 364.758
202009 287.141 99.900 326.519
202012 308.665 99.300 353.115
202103 338.529 99.900 384.954
202106 352.832 99.500 402.831
202109 359.283 100.100 407.738
202112 387.258 100.100 439.486
202203 393.673 101.100 442.347
202206 407.914 101.800 455.197
202209 414.328 103.100 456.524
202212 441.927 104.100 482.257
202303 459.882 104.400 500.408
202306 415.975 105.200 449.190
202309 407.655 106.200 436.060
202312 413.325 106.800 439.642
202403 370.357 107.200 392.468
202406 369.954 108.200 388.418
202409 441.045 108.900 460.080
202412 445.883 110.700 457.564
202503 458.381 111.100 468.696
202506 431.874 111.700 439.220
202509 449.374 112.000 455.794
202512 469.691 113.000 472.185
202603 497.065 112.700 501.034
202606 514.270 113.600 514.270

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 Awa Paper & Technological Co (TSE:3896) Overvalued in 2026?

Based on GuruFocus' analysis, Awa Paper & Technological Co stock appears to be undervalued. The current stock price of 円416.00 is trading 15.5% below its estimated GF Value™ of 円492.41. GuruFocus considers Awa Paper & Technological Co to be Modestly Undervalued.

Key valuation signals for TSE:3896:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円492.41 vs. price of 円416.00 (15.5% below fair value)
  • GF Score™: 60/100 with 6 warning signs

No single metric tells the full story. See the TSE:3896 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Awa Paper & Technological Co Business Description

Address 3-10-18, Minamiyasocho, Tokushima-shi, Tokushima, JPN, 770-0005
Awa Paper & Technological Co Inc is engaged in manufacturing and selling papers. The company provides air filter media, polyolefin sheets, base papers, cabin filter media, heat radiation sheets and fins, carbon fiber reinforced plastics, ceramic sheets, and cushion papers, as well as graphitic, carbon fiber, activated carbon fiber, and activated carbon.
60GF Score

Get the complete analysis for TSE:3896

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

円416.00
Price
円492.41
GF Value