KH Neochem Co (TSE:4189) Cyclically Adjusted PS Ratio: 1.09 (As of Aug. 05, 2026) — 24% Above Median

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TSE:4189 KH Neochem Co Ltd TSE:4189
79 GF Score
Price 円3,345.00
GF Value 円2,480.39
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is KH Neochem Co Cyclically Adjusted PS Ratio?

KH Neochem Co TSE:4189 +4.21% 79 Cyclically Adjusted PS Ratio is 1.09 as of Aug. 05, 2026, which is 24% above its 10-year median of 0.88. GuruFocus rates TSE:4189 with a GF Score™ of 79/100 and a GF Value™ of 円2,480.39 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,276 Chemicals companies, KH Neochem Co ranks better than 58.15% on this metric.

As of today (2026-08-05), KH Neochem Co's current share price is 円3345.00. KH Neochem Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was 円3,059.69. KH Neochem Co's Cyclically Adjusted PS Ratio for today is 1.09.

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

TSE:4189' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.66   Med: 0.88   Max: 1.02
Current: 1

During the past years, KH Neochem Co's highest Cyclically Adjusted PS Ratio was 1.02. The lowest was 0.66. And the median was 0.88.

TSE:4189's Cyclically Adjusted PS Ratio is ranked better than
58.15% of 1276 companies
in the Chemicals industry
Industry Median: 1.285 vs TSE:4189: 1.00

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.

KH Neochem Co's adjusted revenue per share data for the three months ended in Dec. 2025 was 円797.444. 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3,059.69 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


KH Neochem Co  (TSE:4189) 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.


KH Neochem Co Cyclically Adjusted PS Ratio Related Terms


KH Neochem Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for KH Neochem 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.

KH Neochem Co Cyclically Adjusted PS Ratio Chart

KH Neochem 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 0.67 0.81

KH Neochem Co 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 0.00 0.00 0.00 0.81 0.00

TSE:4189 vs DOW: Cyclically Adjusted PS Ratio Comparison

For the Chemicals subindustry, KH Neochem 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.


KH Neochem Co Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


TSE:4189
79GF Score
KH Neochem Co Ltd TSE:4189
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KH Neochem 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.

KH Neochem Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3345.00/3059.69
=1.09

* 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.

KH Neochem Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, KH Neochem Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=797.444/113.0000*113.0000
=797.444

Current CPI (Dec. 2025) = 113.0000.

KH Neochem Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
0.000 0.000
201512 0.000 98.100 0.000
201609 528.273 98.000 609.131
201612 583.662 98.400 670.262
201703 602.911 98.100 694.485
201706 626.873 98.500 719.154
201709 653.034 98.800 746.891
201712 672.101 99.400 764.058
201803 611.828 99.200 696.941
201806 584.064 99.200 665.315
201809 740.132 99.900 837.186
201812 792.130 99.700 897.800
201903 653.627 99.700 740.821
201906 645.461 99.800 730.833
201909 617.514 100.100 697.094
201912 622.705 100.500 700.156
202003 566.494 100.300 638.224
202006 437.299 99.900 494.643
202009 476.598 99.900 539.095
202012 603.113 99.300 686.322
202103 642.574 99.900 726.835
202106 767.948 99.500 872.142
202109 846.367 100.100 955.439
202112 897.928 100.100 1,013.645
202203 804.820 101.100 899.552
202206 616.309 101.800 684.115
202209 811.993 103.100 889.963
202212 863.449 104.100 937.269
202303 775.032 104.400 838.876
202306 784.853 105.200 843.046
202309 746.405 106.200 794.197
202312 802.780 106.800 849.383
202403 728.154 107.200 767.550
202406 781.576 108.200 816.249
202409 833.405 108.900 864.782
202412 890.641 110.700 909.146
202503 781.812 111.100 795.182
202506 822.778 111.700 832.354
202509 773.096 112.000 779.999
202512 797.444 113.000 797.444

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 1.09 mean?
KH Neochem Co (TSE:4189) has a Cyclically Adjusted PS Ratio of 1.09 as of Aug. 05, 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 KH Neochem Co and its competitors. This is 24% above median its historical median of 0.88. Over the past decade, KH Neochem Co's Cyclically Adjusted PS Ratio has ranged from 0.66 to 1.02. According to the industry distribution chart, KH Neochem Co ranks #534 out of 1276 companies in the Chemicals industry, placing it in the top 41.8%.
Is KH Neochem Co's Cyclically Adjusted PS Ratio too high?
KH Neochem Co's current Cyclically Adjusted PS Ratio of 1.09 is 24% above median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 1.02. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.29. KH Neochem Co's value of 1.09 is 15.2% below this industry median. Based on the distribution chart, KH Neochem Co ranks #534 out of 1276 companies in the Chemicals industry, which is above the industry midpoint. Overall, KH Neochem Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KH Neochem Co's Cyclically Adjusted PS Ratio compare to DOW?
According to the Chemicals industry distribution chart, KH Neochem Co ranks #534 out of 1276 companies for Cyclically Adjusted PS Ratio. This puts KH Neochem Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.29. KH Neochem Co's value of 1.09 is 15.2% below this benchmark. Historically, KH Neochem Co's own Cyclically Adjusted PS Ratio has ranged from 0.66 to 1.02 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 1.29, KH Neochem Co 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 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. KH Neochem Co's current Cyclically Adjusted PS Ratio of 1.09 is 15.2% 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 KH Neochem Co 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. KH Neochem Co's current Cyclically Adjusted PS Ratio is 1.09, which is 24% above median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KH Neochem Co stock overvalued right now?
Based on GuruFocus' analysis, KH Neochem Co (TSE:4189) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,480.39, compared to a current price of 円3,345.00 — trading 34.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.09, which is 24% above median its 10-year median of 0.88 and 15.2% below the Chemicals industry median of 1.29. KH Neochem Co's overall GF Score™ is 79/100 with 7 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 KH Neochem Co (TSE:4189), the current Cyclically Adjusted PS Ratio is 1.09 as of Aug. 05, 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 KH Neochem Co (TSE:4189) Overvalued in 2026?

Based on GuruFocus' analysis, KH Neochem Co stock appears to be overvalued. The current stock price of 円3,345.00 is trading 34.9% above its estimated GF Value™ of 円2,480.39. GuruFocus considers KH Neochem Co to be Significantly Overvalued.

Key valuation signals for TSE:4189:

  • Cyclically Adjusted PS Ratio: 1.09 (24% above median its 10-year median of 0.88)
  • GF Value™: 円2,480.39 vs. price of 円3,345.00 (34.9% above fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 15.2% below the Chemicals median (#534 of 1276)

No single metric tells the full story. See the TSE:4189 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KH Neochem Co Business Description

Address 2-3-1, Nihonbashi-Muromachi, 7th Floor, Muromachi Furukawa Mitsui Building, Chuo-ku, Tokyo, JPN, 103-0022
KH Neochem Co Ltd is engaged in the production and sale of various chemical products. It offers products including solvents, plasticizer alcohols and raw materials for refrigeration lubricants.
79GF Score

Get the complete analysis for TSE:4189

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

円3,345.00
Price
円2,480.39
GF Value