Nissan Chemical (TSE:4021) Cyclically Adjusted PS Ratio: 4.70 (As of Aug. 12, 2026) — Near 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:4021 Nissan Chemical Corp TSE:4021
91 GF Score
Price 円7,837.00
GF Value 円6,491.00
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Nissan Chemical Cyclically Adjusted PS Ratio?

Nissan Chemical TSE:4021 +4.56% 91 Cyclically Adjusted PS Ratio is 4.70 as of Aug. 12, 2026, which is 8% above its 10-year median of 4.35. GuruFocus rates TSE:4021 with a GF Score™ of 91/100 and a GF Value™ of 円6,491.00 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,275 Chemicals companies, Nissan Chemical ranks worse than 83.22% on this metric.

As of today (2026-08-12), Nissan Chemical's current share price is 円7837.00. Nissan Chemical's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,666.98. Nissan Chemical's Cyclically Adjusted PS Ratio for today is 4.70.

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

TSE:4021' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.45   Med: 4.35   Max: 6
Current: 4.5

During the past years, Nissan Chemical's highest Cyclically Adjusted PS Ratio was 6.00. The lowest was 2.45. And the median was 4.35.

TSE:4021's Cyclically Adjusted PS Ratio is ranked worse than
83.22% of 1275 companies
in the Chemicals industry
Industry Median: 1.34 vs TSE:4021: 4.50

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.

Nissan Chemical's adjusted revenue per share data for the three months ended in Mar. 2026 was 円623.442. 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1,666.98 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nissan Chemical  (TSE:4021) 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.


Nissan Chemical Cyclically Adjusted PS Ratio Related Terms


Nissan Chemical Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nissan Chemical'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.

Nissan Chemical Cyclically Adjusted PS Ratio Chart

Nissan Chemical Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.74 4.39 3.95 2.84 3.60

Nissan Chemical Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 2.84 2.76 3.32 3.25 3.60

TSE:4021 vs DOW: Cyclically Adjusted PS Ratio Comparison

For the Chemicals subindustry, Nissan Chemical'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.


Nissan Chemical Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nissan Chemical's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4021
91GF Score
Nissan Chemical Corp TSE:4021
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nissan Chemical 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.

Nissan Chemical's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7837.00/1666.98
=4.70

* 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.

Nissan Chemical's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Nissan Chemical's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=623.442/112.7000*112.7000
=623.442

Current CPI (Mar. 2026) = 112.7000.

Nissan Chemical Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 292.665 98.100 336.222
201609 257.521 98.000 296.149
201612 245.800 98.400 281.521
201703 382.307 98.100 439.205
201706 313.952 98.500 359.212
201709 289.335 98.800 330.041
201712 277.048 99.400 314.118
201803 404.546 99.200 459.600
201806 341.397 99.200 387.857
201809 317.266 99.900 357.917
201812 295.208 99.700 333.701
201903 425.226 99.700 480.672
201906 330.323 99.800 373.020
201909 325.583 100.100 366.565
201912 284.397 100.500 318.921
202003 472.117 100.300 530.484
202006 339.249 99.900 382.716
202009 313.134 99.900 353.255
202012 303.405 99.300 344.348
202103 492.453 99.900 555.550
202106 324.381 99.500 367.414
202109 317.690 100.100 357.679
202112 347.852 100.100 391.638
202203 468.716 101.100 522.495
202206 412.424 101.800 456.583
202209 363.272 103.100 397.098
202212 352.651 104.100 381.785
202303 489.034 104.400 527.913
202306 392.396 105.200 420.371
202309 363.767 106.200 386.031
202312 356.116 106.800 375.789
202403 514.349 107.200 540.738
202406 424.233 108.200 441.877
202409 431.344 108.900 446.395
202412 411.383 110.700 418.815
202503 556.988 111.100 565.009
202506 514.022 111.700 518.624
202509 444.411 112.000 447.189
202512 483.116 113.000 481.833
202603 623.442 112.700 623.442

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 4.70 mean?
Nissan Chemical (TSE:4021) has a Cyclically Adjusted PS Ratio of 4.70 as of Aug. 12, 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 Nissan Chemical and its competitors. This is near median its historical median of 4.35. Over the past decade, Nissan Chemical's Cyclically Adjusted PS Ratio has ranged from 2.45 to 6.00. According to the industry distribution chart, Nissan Chemical ranks #1061 out of 1275 companies in the Chemicals industry, placing it in the top 83.2%.
Is Nissan Chemical's Cyclically Adjusted PS Ratio too high?
Nissan Chemical's current Cyclically Adjusted PS Ratio of 4.70 is near median its 10-year median of 4.35. Over the past 10 years, this metric has ranged from a low of 2.45 to a high of 6.00. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.34. Nissan Chemical's value of 4.70 is 250.7% above this industry median. Based on the distribution chart, Nissan Chemical ranks #1061 out of 1275 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Nissan Chemical has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nissan Chemical's Cyclically Adjusted PS Ratio compare to DOW?
According to the Chemicals industry distribution chart, Nissan Chemical ranks #1061 out of 1275 companies for Cyclically Adjusted PS Ratio. This places Nissan Chemical in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. Nissan Chemical's value of 4.70 is 250.7% above this benchmark. Historically, Nissan Chemical's own Cyclically Adjusted PS Ratio has ranged from 2.45 to 6.00 over the past decade. While the company's 10-year median is 4.35 vs. the industry median of 1.34, Nissan Chemical 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.34, based on 1,275 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. Nissan Chemical's current Cyclically Adjusted PS Ratio of 4.70 is 250.7% 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 Nissan Chemical and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nissan Chemical's current Cyclically Adjusted PS Ratio is 4.70, which is near median its own 10-year median of 4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nissan Chemical stock overvalued right now?
Based on GuruFocus' analysis, Nissan Chemical (TSE:4021) is currently considered Modestly Overvalued. The stock's GF Value™ is 円6,491.00, compared to a current price of 円7,837.00 — trading 20.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.70, which is near median its 10-year median of 4.35 and 250.7% above the Chemicals industry median of 1.34. Nissan Chemical's overall GF Score™ is 91/100 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 Nissan Chemical (TSE:4021), the current Cyclically Adjusted PS Ratio is 4.70 as of Aug. 12, 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 Nissan Chemical (TSE:4021) Overvalued in 2026?

Based on GuruFocus' analysis, Nissan Chemical stock appears to be overvalued. The current stock price of 円7,837.00 is trading 20.7% above its estimated GF Value™ of 円6,491.00. GuruFocus considers Nissan Chemical to be Modestly Overvalued.

Key valuation signals for TSE:4021:

  • Cyclically Adjusted PS Ratio: 4.70 (near median its 10-year median of 4.35)
  • GF Value™: 円6,491.00 vs. price of 円7,837.00 (20.7% above fair value)
  • GF Score™: 91/100 with 1 warning sign
  • Industry Position: 250.7% above the Chemicals median (#1061 of 1275)

No single metric tells the full story. See the TSE:4021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nissan Chemical Business Description

Other Exchanges NNCHY:USANSC:Germany
Address 2-5-1 Nihonbashi, Chuo-ku, Tokyo, JPN, 103-6119
Nissan Chemical Corp manufactures and sells chemicals, semiconductors, and pharmaceutical products. The company operates through six segments. The Agricultural Chemicals segment offers pesticides, plant growth regulators, and veterinary drug ingredients. The Chemicals segment provides basic and fine chemicals such as acids, ammonia, epoxies, and flame retardants. The Functional Materials segment supplies display and semiconductor materials, polyimides, abrasives, and surface treatment agents. The Healthcare segment develops pharmaceutical ingredients and offers contract problem-solving services. The Wholesale segment handles chemical product distribution. The Others segment includes fertilizers, landscaping, transportation, plant engineering, and sulfuric acid production.
91GF Score

Get the complete analysis for TSE:4021

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

円7,837.00
Price
円6,491.00
GF Value