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User LocalTSE:3984 -1.16%97 Cyclically Adjusted PS Ratio is 11.84 as of Aug. 04, 2026, which is 19% below its 10-year median of 14.67. GuruFocus rates TSE:3984 with a GF Score™ of 97/100 and a GF Value™ of 円2,136.87 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,590 Software companies, User Local ranks worse than 92.58% on this metric.
The historical rank and industry rank for User Local's Cyclically Adjusted PS Ratio or its related term are showing as below:
TSE:3984'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 11.29 Med: 14.67 Max: 17.55
Current: 11.29
During the past 11 years, User Local's highest Cyclically Adjusted PS Ratio was 17.55. The lowest was 11.29. And the median was 14.67.
TSE:3984's Cyclically Adjusted PS Ratio is ranked worse than 92.58% of 1590
companies
in the Software industry
Industry Median: 1.645
vs TSE:3984: 11.29
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.
User Local's adjusted revenue per share data of for the fiscal year that ended in Jun25 was 円284.349. 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151.66 for the trailing ten years ended in Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
User Local (TSE:3984) 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.
User Local Cyclically Adjusted PS Ratio Related Terms
User Local Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for User Local'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.
TSE:3984 vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison
For the Information Technology Services subindustry, User Local'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.
User Local Cyclically Adjusted PS Ratio vs Software Industry
For the Software industry and Technology sector, User Local's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where User Local's Cyclically Adjusted PS Ratio falls into.
User Local 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.
User Local's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 11.84 mean?
User Local (TSE:3984) has a Cyclically Adjusted PS Ratio of 11.84 as of Aug. 04, 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 User Local and its competitors. This is 19% below median its historical median of 14.67. Over the past decade, User Local's Cyclically Adjusted PS Ratio has ranged from 11.29 to 17.55. According to the industry distribution chart, User Local ranks #1472 out of 1590 companies in the Software industry, placing it in the top 92.6%.
Is User Local's Cyclically Adjusted PS Ratio too high?
User Local's current Cyclically Adjusted PS Ratio of 11.84 is 19% below median its 10-year median of 14.67. Over the past 10 years, this metric has ranged from a low of 11.29 to a high of 17.55. The Software industry median Cyclically Adjusted PS Ratio is 1.65. User Local's value of 11.84 is 619.8% above this industry median. Based on the distribution chart, User Local ranks #1472 out of 1590 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, User Local has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does User Local's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, User Local ranks #1472 out of 1590 companies for Cyclically Adjusted PS Ratio. This places User Local in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.65. User Local's value of 11.84 is 619.8% above this benchmark. Historically, User Local's own Cyclically Adjusted PS Ratio has ranged from 11.29 to 17.55 over the past decade. While the company's 10-year median is 14.67 vs. the industry median of 1.65, User Local has consistently been above 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 1.65, 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. User Local's current Cyclically Adjusted PS Ratio of 11.84 is 619.8% above 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 User Local and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. User Local's current Cyclically Adjusted PS Ratio is 11.84, which is 19% below median its own 10-year median of 14.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is User Local stock overvalued right now?
Based on GuruFocus' analysis, User Local (TSE:3984) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,136.87, compared to a current price of 円1,795.00 — trading 16% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 11.84, which is 19% below median its 10-year median of 14.67 and 619.8% above the Software industry median of 1.65. User Local's overall GF Score™ is 97/100 with 1 warning sign 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 User Local (TSE:3984), the current Cyclically Adjusted PS Ratio is 11.84 as of Aug. 04, 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 User Local (TSE:3984) Overvalued in 2026?
Based on GuruFocus' analysis, User Local stock appears to be undervalued.
The current stock price of 円1,795.00 is trading 16% below its estimated GF Value™ of 円2,136.87.
GuruFocus considers User Local to be Modestly Undervalued.
Key valuation signals for TSE:3984:
Cyclically Adjusted PS Ratio: 11.84 (19% below median its 10-year median of 14.67)
GF Value™: 円2,136.87 vs. price of 円1,795.00 (16% below fair value)
Industry Position: 619.8% above the Software median (#1472 of 1590)
No single metric tells the full story. See the TSE:3984 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
User Local Inc is engaged in the research and development of big data analysis system, web marketing support tool, offering media analysis tool, and managing artificial intelligence chat bot.
97GF Score
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