SHANON (TSE:3976) Cyclically Adjusted PS Ratio: 0.71 (As of Aug. 01, 2026) — 39% Above Median

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TSE:3976 SHANON Inc TSE:3976
53 GF Score
Price 円566.00
GF Value 円185.01
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is SHANON Cyclically Adjusted PS Ratio?

SHANON TSE:3976 +0.18% 53 Cyclically Adjusted PS Ratio is 0.71 as of Aug. 01, 2026, which is 39% above its 10-year median of 0.51. GuruFocus rates TSE:3976 with a GF Score™ of 53/100 and a GF Value™ of 円185.01 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,590 Software companies, SHANON ranks better than 72.7% on this metric.

As of today (2026-08-01), SHANON's current share price is 円566.00. SHANON's Cyclically Adjusted Revenue per Share for the quarter that ended in Oct. 2025 was 円796.57. SHANON's Cyclically Adjusted PS Ratio for today is 0.71.

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

TSE:3976' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.51   Max: 0.74
Current: 0.7

During the past years, SHANON's highest Cyclically Adjusted PS Ratio was 0.74. The lowest was 0.43. And the median was 0.51.

TSE:3976's Cyclically Adjusted PS Ratio is ranked better than
72.7% of 1590 companies
in the Software industry
Industry Median: 1.63 vs TSE:3976: 0.70

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.

SHANON's adjusted revenue per share data for the three months ended in Oct. 2025 was 円108.481. 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796.57 for the trailing ten years ended in Oct. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


SHANON  (TSE:3976) 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.


SHANON Cyclically Adjusted PS Ratio Related Terms


SHANON Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SHANON'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.

SHANON Cyclically Adjusted PS Ratio Chart

SHANON Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.64 0.50 0.51

SHANON Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Apr25 Jul25 Oct25 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 0.50 0.00 0.00 0.51 0.00

TSE:3976 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, SHANON'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.


SHANON Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:3976
53GF Score
SHANON Inc TSE:3976
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SHANON 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.

SHANON's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=566.00/796.57
=0.71

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Oct. 2025 (Change)*Current CPI (Oct. 2025)
=108.481/112.8000*112.8000
=108.481

Current CPI (Oct. 2025) = 112.8000.

SHANON Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
0.000 0.000
201410 0.000 98.200 0.000
201510 0.000 98.500 0.000
201607 0.000 97.900 0.000
201610 172.083 98.600 196.866
201701 148.782 98.200 170.902
201704 144.883 98.500 165.917
201707 123.474 98.300 141.687
201710 175.652 98.800 200.542
201801 155.163 99.500 175.903
201804 151.922 99.100 172.924
201807 170.858 99.200 194.282
201810 173.133 100.200 194.904
201901 156.346 99.700 176.889
201904 165.888 100.000 187.122
201907 171.387 99.800 193.712
201910 174.021 100.400 195.514
202001 184.942 100.500 207.577
202004 152.189 100.200 171.327
202007 129.012 100.000 145.526
202010 150.052 99.800 169.598
202101 201.247 99.800 227.462
202104 182.257 99.100 207.453
202107 152.044 99.700 172.022
202110 203.123 99.900 229.352
202201 181.959 100.300 204.636
202204 203.715 101.500 226.395
202207 199.491 102.300 219.967
202210 252.226 103.700 274.360
202301 214.075 104.700 230.637
202304 269.337 105.100 289.070
202307 185.207 105.700 197.648
202310 282.330 107.100 297.356
202401 198.635 106.900 209.598
202404 267.583 107.700 280.254
202407 249.914 108.600 259.579
202410 292.901 109.500 301.728
202504 0.000 111.500 0.000
202507 131.971 111.900 133.032
202510 108.481 112.800 108.481

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 0.71 mean?
SHANON (TSE:3976) has a Cyclically Adjusted PS Ratio of 0.71 as of Aug. 01, 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 SHANON and its competitors. This is 39% above median its historical median of 0.51. Over the past decade, SHANON's Cyclically Adjusted PS Ratio has ranged from 0.43 to 0.74. According to the industry distribution chart, SHANON ranks #434 out of 1590 companies in the Software industry, placing it in the top 27.3%.
Is SHANON's Cyclically Adjusted PS Ratio too high?
SHANON's current Cyclically Adjusted PS Ratio of 0.71 is 39% above median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 0.74. The Software industry median Cyclically Adjusted PS Ratio is 1.63. SHANON's value of 0.71 is 56.4% below this industry median. Based on the distribution chart, SHANON ranks #434 out of 1590 companies in the Software industry, which is above the industry midpoint. Overall, SHANON has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SHANON's Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, SHANON ranks #434 out of 1590 companies for Cyclically Adjusted PS Ratio. This puts SHANON in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.63. SHANON's value of 0.71 is 56.4% below this benchmark. Historically, SHANON's own Cyclically Adjusted PS Ratio has ranged from 0.43 to 0.74 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 1.63, SHANON 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 a Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.63, based on 1,590 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. SHANON's current Cyclically Adjusted PS Ratio of 0.71 is 56.4% 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 SHANON and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SHANON's current Cyclically Adjusted PS Ratio is 0.71, which is 39% above median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHANON stock overvalued right now?
Based on GuruFocus' analysis, SHANON (TSE:3976) is currently considered Significantly Overvalued. The stock's GF Value™ is 円185.01, compared to a current price of 円566.00 — trading 205.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.71, which is 39% above median its 10-year median of 0.51 and 56.4% below the Software industry median of 1.63. SHANON's overall GF Score™ is 53/100 with 3 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 SHANON (TSE:3976), the current Cyclically Adjusted PS Ratio is 0.71 as of Aug. 01, 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 SHANON (TSE:3976) Overvalued in 2026?

Based on GuruFocus' analysis, SHANON stock appears to be overvalued. The current stock price of 円566.00 is trading 205.9% above its estimated GF Value™ of 円185.01. GuruFocus considers SHANON to be Significantly Overvalued.

Key valuation signals for TSE:3976:

  • Cyclically Adjusted PS Ratio: 0.71 (39% above median its 10-year median of 0.51)
  • GF Value™: 円185.01 vs. price of 円566.00 (205.9% above fair value)
  • GF Score™: 53/100 with 3 warning signs
  • Industry Position: 56.4% below the Software median (#434 of 1590)

No single metric tells the full story. See the TSE:3976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SHANON Business Description

Address 3-13-16 Minato-ku, Mita 43MT Building, 4th Floor, Tokyo, JPN, 108-0073
SHANON Inc provides marketing platform and cloud application. It is engaged in the planning, development, and sale of cloud marketing solutions. It is also engaged in the provision of consulting and outsourcing services related to marketing.
53GF Score

Get the complete analysis for TSE:3976

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

円566.00
Price
円185.01
GF Value