Value Golf (TSE:3931) 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:3931 Value Golf Inc TSE:3931
57 GF Score
Price 円1,490.00
GF Value 円1,280.81
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Value Golf Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Value Golf  (TSE:3931) 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.


Value Golf Cyclically Adjusted PS Ratio Related Terms


Value Golf Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Value Golf'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.

Value Golf Cyclically Adjusted PS Ratio Chart

Value Golf Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
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

Value Golf 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 0.00 0.00 0.00 0.00

TSE:3931 vs NYT, WLY: Cyclically Adjusted PS Ratio Comparison

For the Publishing subindustry, Value Golf'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.


Value Golf Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Value Golf's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3931
57GF Score
Value Golf Inc TSE:3931
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Value Golf 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.

Value Golf's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2026 is calculated as:

For example, Value Golf's adjusted Revenue per Share data for the three months ended in Jan. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=728.945/112.9000*112.9000
=728.945

Current CPI (Jan. 2026) = 112.9000.

Value Golf Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201601 206.349 97.700 238.452
201604 147.236 98.100 169.449
201607 154.648 97.900 178.343
201610 267.437 98.600 306.224
201701 339.903 98.200 390.785
201704 407.312 98.500 466.858
201707 461.855 98.300 530.452
201710 427.650 98.800 488.681
201801 441.028 99.500 500.423
201804 410.361 99.100 467.505
201807 434.853 99.200 494.908
201810 781.064 100.200 880.061
201901 917.460 99.700 1,038.929
201904 794.595 100.000 897.098
201907 805.393 99.800 911.111
201910 737.491 100.400 829.310
202001 876.750 100.500 984.926
202004 656.117 100.200 739.278
202007 603.402 100.000 681.241
202010 596.131 99.800 674.381
202101 637.456 99.800 721.130
202104 613.150 99.100 698.533
202107 658.955 99.700 746.199
202110 490.807 99.900 554.676
202201 607.876 100.300 684.239
202204 604.755 101.500 672.678
202207 671.645 102.300 741.239
202210 625.598 103.700 681.099
202301 557.035 104.700 600.661
202304 479.619 105.100 515.214
202307 511.068 105.700 545.881
202310 542.304 107.100 571.672
202401 490.168 106.900 517.680
202404 558.626 107.700 585.598
202407 591.510 108.600 614.931
202501 0.000 111.200 0.000
202504 665.625 111.500 673.983
202507 635.271 111.900 640.948
202510 420.273 112.800 420.646
202601 728.945 112.900 728.945

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 Value Golf (TSE:3931) Overvalued in 2026?

Based on GuruFocus' analysis, Value Golf stock appears to be overvalued. The current stock price of 円1,490.00 is trading 16.3% above its estimated GF Value™ of 円1,280.81. GuruFocus considers Value Golf to be Modestly Overvalued.

Key valuation signals for TSE:3931:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円1,280.81 vs. price of 円1,490.00 (16.3% above fair value)
  • GF Score™: 57/100 with 8 warning signs

No single metric tells the full story. See the TSE:3931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Value Golf Business Description

Address Shiba 4-chome Minato-ku, Tokyo Fast Okada Building, 4th and 5th floor, Tokyo, JPN, 108-0014
Value Golf Inc is engaged in the management of golf-related media, issues Golf magazines, and manages WEB services, develops systems and provides ASP services related to golf. It offers value service in both real and WEB. It also has advertisement media production business and medical business which include publication, service management for medical institutions.
57GF Score

Get the complete analysis for TSE:3931

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

円1,490.00
Price
円1,280.81
GF Value