Rasa Industries (TSE:4022) Cyclically Adjusted PS Ratio: 1.62 (As of Jul. 29, 2026) — 184% Above Median

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TSE:4022 Rasa Industries Ltd TSE:4022
73 GF Score
Price 円1,611.00
GF Value 円609.95
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Rasa Industries Cyclically Adjusted PS Ratio?

Rasa Industries TSE:4022 -6.28% 73 Cyclically Adjusted PS Ratio is 1.62 as of Jul. 29, 2026, which is 184% above its 10-year median of 0.57. GuruFocus rates TSE:4022 with a GF Score™ of 73/100 and a GF Value™ of 円609.95 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,276 Chemicals companies, Rasa Industries ranks worse than 62.85% on this metric.

As of today (2026-07-29), Rasa Industries's current share price is 円1611.00. Rasa Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円994.92. Rasa Industries's Cyclically Adjusted PS Ratio for today is 1.62.

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

TSE:4022' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.57   Max: 2.31
Current: 1.89

During the past years, Rasa Industries's highest Cyclically Adjusted PS Ratio was 2.31. The lowest was 0.33. And the median was 0.57.

TSE:4022's Cyclically Adjusted PS Ratio is ranked worse than
62.85% of 1276 companies
in the Chemicals industry
Industry Median: 1.285 vs TSE:4022: 1.89

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.

Rasa Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was 円319.830. 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994.92 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rasa Industries  (TSE:4022) 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.


Rasa Industries Cyclically Adjusted PS Ratio Related Terms


Rasa Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Rasa Industries'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.

Rasa Industries Cyclically Adjusted PS Ratio Chart

Rasa Industries 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 0.46 0.54 0.65 0.60 1.65

Rasa Industries 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 0.60 0.86 0.95 1.28 1.65

TSE:4022 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Rasa Industries'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.


Rasa Industries Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


TSE:4022
73GF Score
Rasa Industries Ltd TSE:4022
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rasa Industries 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.

Rasa Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1611.00/994.92
=1.62

* 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.

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

For example, Rasa Industries'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)
=319.83/112.7000*112.7000
=319.830

Current CPI (Mar. 2026) = 112.7000.

Rasa Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 132.605 98.100 152.340
201609 148.871 98.000 171.202
201612 146.677 98.400 167.993
201703 159.145 98.100 182.830
201706 160.873 98.500 184.065
201709 163.030 98.800 185.966
201712 180.915 99.400 205.122
201803 187.077 99.200 212.536
201806 180.621 99.200 205.201
201809 212.585 99.900 239.823
201812 188.162 99.700 212.697
201903 200.777 99.700 226.957
201906 173.830 99.800 196.299
201909 209.331 100.100 235.680
201912 179.784 100.500 201.609
202003 187.984 100.300 211.224
202006 189.880 99.900 214.209
202009 170.044 99.900 191.831
202012 170.498 99.300 193.506
202103 200.802 99.900 226.530
202106 196.669 99.500 222.760
202109 209.787 100.100 236.194
202112 220.282 100.100 248.010
202203 266.218 101.100 296.763
202206 305.847 101.800 338.595
202209 331.058 103.100 361.884
202212 324.153 104.100 350.932
202303 292.285 104.400 315.522
202306 262.353 105.200 281.057
202309 259.124 106.200 274.984
202312 245.984 106.800 259.573
202403 315.807 107.200 332.010
202406 270.113 108.200 281.347
202409 284.815 108.900 294.753
202412 293.359 110.700 298.659
202503 308.246 111.100 312.685
202506 268.258 111.700 270.660
202509 313.166 112.000 315.123
202512 321.134 113.000 320.281
202603 319.830 112.700 319.830

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 1.62 mean?
Rasa Industries (TSE:4022) has a Cyclically Adjusted PS Ratio of 1.62 as of Jul. 29, 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 Rasa Industries and its competitors. This is 184% above median its historical median of 0.57. Over the past decade, Rasa Industries' Cyclically Adjusted PS Ratio has ranged from 0.33 to 2.31. According to the industry distribution chart, Rasa Industries ranks #802 out of 1276 companies in the Chemicals industry, placing it in the top 62.9%.
Is Rasa Industries' Cyclically Adjusted PS Ratio too high?
Rasa Industries' current Cyclically Adjusted PS Ratio of 1.62 is 184% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 2.31. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.29. Rasa Industries' value of 1.62 is 26.1% above this industry median. Based on the distribution chart, Rasa Industries ranks #802 out of 1276 companies in the Chemicals industry, which is below the industry midpoint. Overall, Rasa Industries has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rasa Industries' Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Rasa Industries ranks #802 out of 1276 companies for Cyclically Adjusted PS Ratio. This places Rasa Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.29. Rasa Industries' value of 1.62 is 26.1% above this benchmark. Historically, Rasa Industries' own Cyclically Adjusted PS Ratio has ranged from 0.33 to 2.31 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 1.29, Rasa Industries 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 1.29, based on 1,276 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. Rasa Industries's current Cyclically Adjusted PS Ratio of 1.62 is 26.1% 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 Rasa Industries and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rasa Industries's current Cyclically Adjusted PS Ratio is 1.62, which is 184% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rasa Industries stock overvalued right now?
Based on GuruFocus' analysis, Rasa Industries (TSE:4022) is currently considered Significantly Overvalued. The stock's GF Value™ is 円609.95, compared to a current price of 円1,611.00 — trading 164.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.62, which is 184% above median its 10-year median of 0.57 and 26.1% above the Chemicals industry median of 1.29. Rasa Industries' overall GF Score™ is 73/100 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 Rasa Industries (TSE:4022), the current Cyclically Adjusted PS Ratio is 1.62 as of Jul. 29, 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 Rasa Industries (TSE:4022) Overvalued in 2026?

Based on GuruFocus' analysis, Rasa Industries stock appears to be overvalued. The current stock price of 円1,611.00 is trading 164.1% above its estimated GF Value™ of 円609.95. GuruFocus considers Rasa Industries to be Significantly Overvalued.

Key valuation signals for TSE:4022:

  • Cyclically Adjusted PS Ratio: 1.62 (184% above median its 10-year median of 0.57)
  • GF Value™: 円609.95 vs. price of 円1,611.00 (164.1% above fair value)
  • GF Score™: 73/100 with 1 warning sign
  • Industry Position: 26.1% above the Chemicals median (#802 of 1276)

No single metric tells the full story. See the TSE:4022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rasa Industries Business Description

Address 1-18-13 Sotokanda, Chiyoda-ku, Tokyo, JPN, 101-0021
Rasa Industries Ltd is engaged in the chemicals, machinery, and electronic materials business. The chemicals division manufactures and sells basic chemicals based on phosphorus-based products. The machinery division provides various machines such as drilling, crushing, and sorting, and the Electronic materials division is engaged in the development of the electronics industry by supplying high-purity inorganic materials that are raw materials for compound semiconductors, as well as resist strippers and coating agents used in semiconductor and liquid crystal panel manufacturing processes.
73GF Score

Get the complete analysis for TSE:4022

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

円1,611.00
Price
円609.95
GF Value