JIG-SAW (TSE:3914) 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:3914 JIG-SAW Inc TSE:3914
79 GF Score
Price 円2,271.00
GF Value 円3,073.76
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is JIG-SAW Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


JIG-SAW  (TSE:3914) 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.


JIG-SAW Cyclically Adjusted PS Ratio Related Terms


JIG-SAW Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for JIG-SAW'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.

JIG-SAW Cyclically Adjusted PS Ratio Chart

JIG-SAW Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 7.20

JIG-SAW Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 7.82 6.78 7.20 6.30 0.00

TSE:3914 vs MSFT, ORCL, PLTR: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, JIG-SAW'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.


JIG-SAW Cyclically Adjusted PS Ratio vs Software Industry

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

* The bar in red indicates where JIG-SAW's Cyclically Adjusted PS Ratio falls into.


TSE:3914
79GF Score
JIG-SAW Inc TSE:3914
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JIG-SAW 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.

JIG-SAW's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, JIG-SAW'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)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

JIG-SAW Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 34.804 98.100 40.303
201609 45.389 98.000 52.614
201612 49.772 98.400 57.460
201703 46.893 98.100 54.302
201706 46.313 98.500 53.413
201709 47.381 98.800 54.479
201712 48.199 99.400 55.085
201803 48.162 99.200 55.153
201806 52.790 99.200 60.453
201809 52.532 99.900 59.736
201812 58.832 99.700 67.034
201903 62.342 99.700 71.034
201906 65.212 99.800 74.229
201909 66.228 100.100 75.160
201912 72.054 100.500 81.446
202003 77.521 100.300 87.800
202006 76.335 99.900 86.803
202009 84.257 99.900 95.812
202012 88.036 99.300 100.714
202103 92.824 99.900 105.554
202106 98.151 99.500 112.060
202109 102.702 100.100 116.553
202112 106.190 100.100 120.511
202203 109.411 101.100 122.939
202206 107.659 101.800 120.138
202209 117.149 103.100 129.080
202212 119.937 104.100 130.882
202303 119.875 104.400 130.439
202306 117.315 105.200 126.682
202309 119.036 106.200 127.330
202312 128.373 106.800 136.547
202403 131.019 107.200 138.841
202406 130.562 108.200 137.078
202412 0.000 110.700 0.000
202503 133.286 111.100 136.285
202506 133.847 111.700 136.124
202509 136.556 112.000 138.507
202512 144.305 113.000 145.071
202603 157.565 112.700 158.823
202606 0.000 113.600 0.000

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 JIG-SAW (TSE:3914) Overvalued in 2026?

Based on GuruFocus' analysis, JIG-SAW stock appears to be undervalued. The current stock price of 円2,271.00 is trading 26.1% below its estimated GF Value™ of 円3,073.76. GuruFocus considers JIG-SAW to be Modestly Undervalued.

Key valuation signals for TSE:3914:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円3,073.76 vs. price of 円2,271.00 (26.1% below fair value)
  • GF Score™: 79/100 with 1 warning sign

No single metric tells the full story. See the TSE:3914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JIG-SAW Business Description

Address Tokyo Midtown Yaesu, 2-2-1 Yaesu, Yaesu Central Tower 33rd Floor, Chuo-ku, Tokyo, JPN, 104-0028
JIG-SAW Inc is a Japan-based company engaged in the software-infrastructure business sector. It provides managed services using automatic operation and control AI robot technology. The services offered by the company include Monitoring, Data Control, embedded, selecting cloud, infrastructure, and Module/Chip, among others. The company operates in a single segment, the Data Control Business.
79GF Score

Get the complete analysis for TSE:3914

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

円2,271.00
Price
円3,073.76
GF Value