Dentsu Group (TSE:4324) Cyclically Adjusted PS Ratio: (As of Aug. 23, 2026)

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TSE:4324 Dentsu Group Inc TSE:4324
69 GF Score
Price 円3,519.00
GF Value 円3,084.84
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Dentsu Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dentsu Group  (TSE:4324) 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.


Dentsu Group Cyclically Adjusted PS Ratio Related Terms


Dentsu Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Dentsu Group'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.

Dentsu Group Cyclically Adjusted PS Ratio Chart

Dentsu Group 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 1.04 1.12 1.07 1.01 0.74

Dentsu Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.73 0.73 0.74 0.59 0.00

TSE:4324 vs APP, OMC, TTD: Cyclically Adjusted PS Ratio Comparison

For the Advertising Agencies subindustry, Dentsu Group'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.


Dentsu Group Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Dentsu Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4324
69GF Score
Dentsu Group Inc TSE:4324
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Dentsu Group 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.

Dentsu Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Dentsu Group's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

Dentsu Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 684.269 98.000 793.193
201612 877.053 98.400 1,012.533
201703 807.069 98.100 934.588
201706 742.730 98.500 856.590
201709 772.113 98.800 887.774
201712 963.837 99.400 1,101.528
201803 858.846 99.200 983.517
201806 849.761 99.200 973.113
201809 863.840 99.900 982.305
201812 1,040.618 99.700 1,185.699
201903 888.902 99.700 1,012.831
201906 874.167 99.800 995.044
201909 885.815 100.100 1,005.281
201912 1,082.171 100.500 1,223.230
202003 919.207 100.300 1,041.096
202006 736.136 99.900 837.088
202009 772.340 99.900 878.256
202012 934.379 99.300 1,068.937
202103 883.738 99.900 1,004.931
202106 865.465 99.500 988.109
202109 1,012.117 100.100 1,148.616
202112 1,121.959 100.100 1,273.272
202203 1,044.853 101.100 1,174.039
202206 1,063.189 101.800 1,186.427
202209 1,158.637 103.100 1,276.636
202212 1,360.308 104.100 1,484.448
202303 1,149.558 104.400 1,250.860
202306 1,120.552 105.200 1,210.026
202309 1,252.018 106.200 1,339.258
202312 1,398.109 106.800 1,487.127
202403 1,256.127 107.200 1,331.120
202406 1,322.472 108.200 1,388.473
202409 1,314.521 108.900 1,371.254
202412 1,470.931 110.700 1,509.465
202503 1,325.800 111.100 1,355.633
202506 1,304.990 111.700 1,327.188
202509 1,272.867 112.000 1,291.051
202512 1,621.571 113.000 1,630.181
202603 1,370.153 112.700 1,381.095
202606 0.000 113.600 0.000

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.

Is Dentsu Group (TSE:4324) Overvalued in 2026?

Based on GuruFocus' analysis, Dentsu Group stock appears to be overvalued. The current stock price of 円3,519.00 is trading 14.1% above its estimated GF Value™ of 円3,084.84. GuruFocus considers Dentsu Group to be Modestly Overvalued.

Key valuation signals for TSE:4324:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円3,084.84 vs. price of 円3,519.00 (14.1% above fair value)
  • GF Score™: 69/100 with 8 warning signs

No single metric tells the full story. See the TSE:4324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dentsu Group Business Description

Other Exchanges DNTUY:USADNTUF:USA
Address 1-8-1 Higashi Shinbashi, Minato-ku, Tokyo, JPN, 105-7001
Dentsu Group is the top advertising agency in Japan and the fifth-largest advertising network in the world. It is the oldest advertising agency in Japan, with the original company being established in 1901. Over the years, Dentsu expanded its global footprint through mergers and acquisitions. Currently, international sales account for about 60% of total revenue.
69GF Score

Get the complete analysis for TSE:4324

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

円3,519.00
Price
円3,084.84
GF Value