Hatena Co (TSE:3930) Cyclically Adjusted PS Ratio: 0.78 (As of Aug. 05, 2026) — 22% 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:3930 Hatena Co Ltd TSE:3930
76 GF Score
Price 円765.00
GF Value 円779.19
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Hatena Co Cyclically Adjusted PS Ratio?

Hatena Co TSE:3930 -2.55% 76 Cyclically Adjusted PS Ratio is 0.78 as of Aug. 05, 2026, which is 22% below its 10-year median of 1.00. GuruFocus rates TSE:3930 with a GF Score™ of 76/100 and a GF Value™ of 円779.19 (Fairly Valued). The stock has 5 warning signs investors should review. Among 329 Interactive Media companies, Hatena Co ranks better than 55.62% on this metric.

As of today (2026-08-05), Hatena Co's current share price is 円765.00. Hatena Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was 円984.34. Hatena Co's Cyclically Adjusted PS Ratio for today is 0.78.

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

TSE:3930' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.89   Med: 1   Max: 1.5
Current: 1.12

During the past years, Hatena Co's highest Cyclically Adjusted PS Ratio was 1.50. The lowest was 0.89. And the median was 1.00.

TSE:3930's Cyclically Adjusted PS Ratio is ranked better than
55.62% of 329 companies
in the Interactive Media industry
Industry Median: 1.31 vs TSE:3930: 1.12

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.

Hatena Co's adjusted revenue per share data for the three months ended in Apr. 2026 was 円306.509. 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984.34 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hatena Co  (TSE:3930) 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.


Hatena Co Cyclically Adjusted PS Ratio Related Terms


Hatena Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hatena 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.

Hatena Co Cyclically Adjusted PS Ratio Chart

Hatena Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.50

Hatena Co Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 1.50 1.01 0.00 0.89

TSE:3930 vs GOOGL, META, SPOT: Cyclically Adjusted PS Ratio Comparison

For the Internet Content & Information subindustry, Hatena 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.


Hatena Co Cyclically Adjusted PS Ratio vs Interactive Media Industry

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

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


TSE:3930
76GF Score
Hatena Co Ltd TSE:3930
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hatena 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=765.00/984.34
=0.78

* 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.

Hatena Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Hatena Co's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=306.509/113.0000*113.0000
=306.509

Current CPI (Apr. 2026) = 113.0000.

Hatena Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201604 173.271 98.100 199.588
201607 119.241 97.900 137.633
201610 154.553 98.600 177.125
201701 146.208 98.200 168.243
201704 165.495 98.500 189.857
201707 157.514 98.300 181.069
201710 156.388 98.800 178.865
201801 153.096 99.500 173.868
201804 199.887 99.100 227.924
201807 181.336 99.200 206.562
201810 218.541 100.200 246.458
201901 194.695 99.700 220.667
201904 237.964 100.000 268.899
201907 177.917 99.800 201.449
201910 202.205 100.400 227.581
202001 206.392 100.500 232.063
202004 232.720 100.200 262.449
202007 191.089 100.000 215.931
202010 186.378 99.800 211.029
202101 202.645 99.800 229.448
202104 253.979 99.100 289.603
202107 215.026 99.700 243.711
202110 241.715 99.900 273.411
202201 258.702 100.300 291.459
202204 251.400 101.500 279.884
202207 253.511 102.300 280.027
202210 258.509 103.700 281.693
202301 266.366 104.700 287.482
202304 257.682 105.100 277.051
202307 272.575 105.700 291.400
202310 270.989 107.100 285.917
202401 277.864 106.900 293.720
202404 255.801 107.700 268.389
202407 315.092 108.600 327.858
202501 0.000 111.200 0.000
202504 312.614 111.500 316.820
202507 302.147 111.900 305.117
202510 293.979 112.800 294.500
202601 0.000 112.900 0.000
202604 306.509 113.000 306.509

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 0.78 mean?
Hatena Co (TSE:3930) has a Cyclically Adjusted PS Ratio of 0.78 as of Aug. 05, 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 Hatena Co and its competitors. This is 22% below median its historical median of 1.00. Over the past decade, Hatena Co's Cyclically Adjusted PS Ratio has ranged from 0.89 to 1.50. According to the industry distribution chart, Hatena Co ranks #146 out of 329 companies in the Interactive Media industry, placing it in the top 44.4%.
Is Hatena Co's Cyclically Adjusted PS Ratio too high?
Hatena Co's current Cyclically Adjusted PS Ratio of 0.78 is 22% below median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 1.50. The Interactive Media industry median Cyclically Adjusted PS Ratio is 1.31. Hatena Co's value of 0.78 is 40.5% below this industry median. Based on the distribution chart, Hatena Co ranks #146 out of 329 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Hatena Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hatena Co's Cyclically Adjusted PS Ratio compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Hatena Co ranks #146 out of 329 companies for Cyclically Adjusted PS Ratio. This puts Hatena Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.31. Hatena Co's value of 0.78 is 40.5% below this benchmark. Historically, Hatena Co's own Cyclically Adjusted PS Ratio has ranged from 0.89 to 1.50 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 1.31, Hatena Co has consistently been below 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 an Interactive Media company?
The median Cyclically Adjusted PS Ratio among Interactive Media companies is 1.31, based on 329 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. Hatena Co's current Cyclically Adjusted PS Ratio of 0.78 is 40.5% below 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 Hatena Co and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PS Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hatena Co's current Cyclically Adjusted PS Ratio is 0.78, which is 22% below median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hatena Co stock overvalued right now?
Based on GuruFocus' analysis, Hatena Co (TSE:3930) is currently considered Fairly Valued. The stock's GF Value™ is 円779.19, compared to a current price of 円765.00 — trading 1.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.78, which is 22% below median its 10-year median of 1.00 and 40.5% below the Interactive Media industry median of 1.31. Hatena Co's overall GF Score™ is 76/100 with 5 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 Hatena Co (TSE:3930), the current Cyclically Adjusted PS Ratio is 0.78 as of Aug. 05, 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 Hatena Co (TSE:3930) Overvalued in 2026?

Based on GuruFocus' analysis, Hatena Co stock appears to be undervalued. The current stock price of 円765.00 is trading 1.8% below its estimated GF Value™ of 円779.19. GuruFocus considers Hatena Co to be Fairly Valued.

Key valuation signals for TSE:3930:

  • Cyclically Adjusted PS Ratio: 0.78 (22% below median its 10-year median of 1.00)
  • GF Value™: 円779.19 vs. price of 円765.00 (1.8% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 40.5% below the Interactive Media median (#146 of 329)

No single metric tells the full story. See the TSE:3930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hatena Co Business Description

Address Takamiya-cho 206, Yubinbango, Kyoto Prefecture Oike Aino-cho HigashiIri, Oike building, 9th floor, Nakagyo-ku, Kyoto, JPN, 604-0835
Hatena Co Ltd provides internet content platform services and content marketing services technology solutions. Its content platform services include the blog, bookmark services, and shared dictionary service.
76GF Score

Get the complete analysis for TSE:3930

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

円765.00
Price
円779.19
GF Value