Mynet (TSE:3928) Cyclically Adjusted PS Ratio: (As of Aug. 03, 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:3928 Mynet Inc TSE:3928
52 GF Score
Price 円236.00
GF Value 円222.40
Valuation Fairly Valued
! 3 Warning Signs
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What is Mynet Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mynet  (TSE:3928) 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.


Mynet Cyclically Adjusted PS Ratio Related Terms


Mynet Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mynet'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.

Mynet Cyclically Adjusted PS Ratio Chart

Mynet 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 0.00

Mynet Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 0.00 0.00 0.00 0.00

TSE:3928 vs NTES, EA, TTWO: Cyclically Adjusted PS Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Mynet'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.


Mynet Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Mynet's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3928
52GF Score
Mynet Inc TSE:3928
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mynet 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.

Mynet's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Mynet's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0/113.0000*113.0000
=0.000

Current CPI (Dec. 2025) = 113.0000.

Mynet Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.000 97.900 0.000
201512 0.000 98.100 0.000
201603 191.395 97.900 220.916
201606 194.760 98.100 224.341
201609 212.162 98.000 244.636
201612 347.781 98.400 399.383
201703 328.780 98.100 378.717
201706 360.340 98.500 413.385
201709 377.793 98.800 432.091
201712 371.859 99.400 422.737
201803 290.694 99.200 331.133
201806 370.756 99.200 422.333
201809 397.742 99.900 449.898
201812 386.696 99.700 438.281
201903 355.553 99.700 402.984
201906 347.944 99.800 393.965
201909 343.272 100.100 387.510
201912 320.382 100.500 360.231
202003 339.438 100.300 382.418
202006 353.282 99.900 399.608
202009 322.288 99.900 364.550
202012 319.152 99.300 363.184
202103 346.364 99.900 391.783
202106 296.578 99.500 336.817
202109 279.010 100.100 314.966
202112 297.853 100.100 336.238
202203 299.156 101.100 334.368
202206 316.265 101.800 351.060
202209 302.695 103.100 331.761
202212 316.869 104.100 343.960
202303 315.306 104.400 341.279
202306 251.056 105.200 269.670
202309 219.662 106.200 233.727
202312 247.775 106.800 262.159
202403 291.426 107.200 307.193
202406 262.987 108.200 274.654
202412 0.000 110.700 0.000
202503 252.011 111.100 256.321
202506 213.524 111.700 216.009
202512 0.000 113.000 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 Mynet (TSE:3928) Overvalued in 2026?

Based on GuruFocus' analysis, Mynet stock appears to be overvalued. The current stock price of 円236.00 is trading 6.1% above its estimated GF Value™ of 円222.40. GuruFocus considers Mynet to be Fairly Valued.

Key valuation signals for TSE:3928:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円222.40 vs. price of 円236.00 (6.1% above fair value)
  • GF Score™: 52/100 with 3 warning signs

No single metric tells the full story. See the TSE:3928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mynet Business Description

Address Kita Aoyama 2-11-3 A-Place Aoyama, Minato-ku, Tokyo, JPN, 107-0061
Mynet Inc is engaged in the business of smartphone game. The Company develops and manages online smartphones games. It is specialized in operation of the game domain. It provides and operates CroPro which is a mutual customer network for domestic smartphone games.
52GF Score

Get the complete analysis for TSE:3928

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

円236.00
Price
円222.40
GF Value