Trade Works Co (TSE:3997) Cyclically Adjusted PS Ratio: 1.72 (As of Aug. 13, 2026) — Near Median

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TSE:3997 Trade Works Co Ltd TSE:3997
69 GF Score
Price 円367.00
GF Value 円131.40
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Trade Works Co Cyclically Adjusted PS Ratio?

Trade Works Co TSE:3997 +1.94% 69 Cyclically Adjusted PS Ratio is 1.72 as of Aug. 13, 2026, which is 4% below its 10-year median of 1.79. GuruFocus rates TSE:3997 with a GF Score™ of 69/100 and a GF Value™ of 円131.40 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,603 Software companies, Trade Works Co ranks worse than 54.09% on this metric.

As of today (2026-08-13), Trade Works Co's current share price is 円367.00. Trade Works Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was 円213.69. Trade Works Co's Cyclically Adjusted PS Ratio for today is 1.72.

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

TSE:3997' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.79   Max: 2.6
Current: 1.96

During the past 11 years, Trade Works Co's highest Cyclically Adjusted PS Ratio was 2.60. The lowest was 0.63. And the median was 1.79.

TSE:3997's Cyclically Adjusted PS Ratio is ranked worse than
54.09% of 1603 companies
in the Software industry
Industry Median: 1.64 vs TSE:3997: 1.96

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.

Trade Works Co's adjusted revenue per share data of for the fiscal year that ended in Dec25 was 円132.121. 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213.69 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trade Works Co  (TSE:3997) 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.


Trade Works Co Cyclically Adjusted PS Ratio Related Terms


Trade Works Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Trade Works 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.

Trade Works Co Cyclically Adjusted PS Ratio Chart

Trade Works Co 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 0.69 2.16

Trade Works Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 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 2.16 0.00

TSE:3997 vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Trade Works 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.


Trade Works Co Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:3997
69GF Score
Trade Works Co Ltd TSE:3997
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trade Works 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=367.00/213.69
=1.72

* 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.

Trade Works Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Trade Works Co's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=132.121/113.0000*113.0000
=132.121

Current CPI (Dec25) = 113.0000.

Trade Works Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 37.362 98.400 42.906
201712 50.113 99.400 56.970
201812 58.573 99.700 66.387
201912 58.593 100.500 65.881
202012 62.330 99.300 70.929
202112 75.415 100.100 85.134
202212 95.958 104.100 104.162
202312 114.171 106.800 120.799
202412 1,363.279 110.700 1,391.604
202512 132.121 113.000 132.121

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 1.72 mean?
Trade Works Co (TSE:3997) has a Cyclically Adjusted PS Ratio of 1.72 as of Aug. 13, 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 Trade Works Co and its competitors. This is near median its historical median of 1.79. Over the past decade, Trade Works Co's Cyclically Adjusted PS Ratio has ranged from 0.63 to 2.60. According to the industry distribution chart, Trade Works Co ranks #867 out of 1603 companies in the Software industry, placing it in the top 54.1%.
Is Trade Works Co's Cyclically Adjusted PS Ratio too high?
Trade Works Co's current Cyclically Adjusted PS Ratio of 1.72 is near median its 10-year median of 1.79. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 2.60. The Software industry median Cyclically Adjusted PS Ratio is 1.64. Trade Works Co's value of 1.72 is 4.9% above this industry median. Based on the distribution chart, Trade Works Co ranks #867 out of 1603 companies in the Software industry, which is below the industry midpoint. Overall, Trade Works Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trade Works Co's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Trade Works Co ranks #867 out of 1603 companies for Cyclically Adjusted PS Ratio. This places Trade Works Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.64. Trade Works Co's value of 1.72 is 4.9% above this benchmark. Historically, Trade Works Co's own Cyclically Adjusted PS Ratio has ranged from 0.63 to 2.60 over the past decade. While the company's 10-year median is 1.79 vs. the industry median of 1.64, Trade Works Co 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 1.64, based on 1,603 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. Trade Works Co's current Cyclically Adjusted PS Ratio of 1.72 is 4.9% 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 Trade Works Co and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trade Works Co's current Cyclically Adjusted PS Ratio is 1.72, which is near median its own 10-year median of 1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trade Works Co stock overvalued right now?
Based on GuruFocus' analysis, Trade Works Co (TSE:3997) is currently considered Significantly Overvalued. The stock's GF Value™ is 円131.40, compared to a current price of 円367.00 — trading 179.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.72, which is near median its 10-year median of 1.79 and 4.9% above the Software industry median of 1.64. Trade Works Co's overall GF Score™ is 69/100 with 2 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 Trade Works Co (TSE:3997), the current Cyclically Adjusted PS Ratio is 1.72 as of Aug. 13, 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 Trade Works Co (TSE:3997) Overvalued in 2026?

Based on GuruFocus' analysis, Trade Works Co stock appears to be overvalued. The current stock price of 円367.00 is trading 179.3% above its estimated GF Value™ of 円131.40. GuruFocus considers Trade Works Co to be Significantly Overvalued.

Key valuation signals for TSE:3997:

  • Cyclically Adjusted PS Ratio: 1.72 (near median its 10-year median of 1.79)
  • GF Value™: 円131.40 vs. price of 円367.00 (179.3% above fair value)
  • GF Score™: 69/100 with 2 warning signs
  • Industry Position: 4.9% above the Software median (#867 of 1603)

No single metric tells the full story. See the TSE:3997 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Trade Works Co Business Description

Address 2-20 Akasaka 5-chome, 10 Floor, Akasaka Park Building, Minato-ku, Tokyo, JPN, 102-0082
Trade Works Co Ltd is engaged in providing information technology solutions for customers in the securities, foreign exchange, and commodity markets. It offers services such as software development, system operation; data center service specialized in the financial capital market. Its product portfolio includes online trade TradeAgent, Deering Athena, exchange trading terminal Mars, exchange trading terminal Mars web, unfair trade monitoring MTS, security diagnostic services.
69GF Score

Get the complete analysis for TSE:3997

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

円367.00
Price
円131.40
GF Value