IPS Holdings Co (TSE:4335) Cyclically Adjusted PS Ratio: 0.87 (As of Sep. 15, 2026) — 16% Below Median

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TSE:4335 IPS Holdings Co Ltd TSE:4335
67 GF Score
Price 円1,085.00
GF Value 円1,366.03
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is IPS Holdings Co Cyclically Adjusted PS Ratio?

IPS Holdings Co TSE:4335 -0.09% 67 Cyclically Adjusted PS Ratio is 0.87 as of Sep. 15, 2026, which is 16% below its 10-year median of 1.04. GuruFocus rates TSE:4335 with a GF Score™ of 67/100 and a GF Value™ of 円1,366.03 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,600 Software companies, IPS Holdings Co ranks better than 67.5% on this metric.

As of today (2026-09-15), IPS Holdings Co's current share price is 円1085.00. IPS Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,254.19. IPS Holdings Co's Cyclically Adjusted PS Ratio for today is 0.87.

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

TSE:4335' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1.04   Max: 2
Current: 0.9

During the past years, IPS Holdings Co's highest Cyclically Adjusted PS Ratio was 2.00. The lowest was 0.69. And the median was 1.04.

TSE:4335's Cyclically Adjusted PS Ratio is ranked better than
67.5% of 1600 companies
in the Software industry
Industry Median: 1.66 vs TSE:4335: 0.90

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.

IPS Holdings Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円419.005. 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1,254.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IPS Holdings Co  (TSE:4335) 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.


IPS Holdings Co Cyclically Adjusted PS Ratio Related Terms


IPS Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for IPS Holdings 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.

IPS Holdings Co Cyclically Adjusted PS Ratio Chart

IPS Holdings Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 1.28 1.07 1.02 0.88

IPS Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 1.01 0.95 0.96 0.98 0.88

TSE:4335 vs IBM, ACN, CTSH: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, IPS Holdings 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.


IPS Holdings Co Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:4335
67GF Score
IPS Holdings Co Ltd TSE:4335
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IPS Holdings 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.

IPS Holdings Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1085.00/1254.189
=0.87

* 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.

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

For example, IPS Holdings Co'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)
=419.005/112.7000*112.7000
=419.005

Current CPI (Mar. 2026) = 112.7000.

IPS Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 127.007 97.900 146.207
201606 173.298 98.100 199.090
201609 147.350 98.000 169.453
201612 146.069 98.400 167.297
201703 252.076 98.100 289.592
201706 139.049 98.500 159.095
201709 153.618 98.800 175.230
201712 257.243 99.400 291.663
201803 183.074 99.200 207.988
201806 259.392 99.200 294.692
201809 195.036 99.900 220.026
201812 276.499 99.700 312.552
201903 298.208 99.700 337.092
201906 310.314 99.800 350.425
201909 252.339 100.100 284.102
201912 265.363 100.500 297.576
202003 221.036 100.300 248.362
202006 376.327 99.900 424.545
202009 249.977 99.900 282.006
202012 264.990 99.300 300.749
202103 290.865 99.900 328.133
202106 229.862 99.500 260.356
202109 282.339 100.100 317.878
202112 287.809 100.100 324.037
202203 234.100 101.100 260.960
202206 353.971 101.800 391.872
202209 191.666 103.100 209.513
202212 274.268 104.100 296.926
202303 391.913 104.400 423.071
202306 370.284 105.200 396.683
202309 256.270 106.200 271.955
202312 360.407 106.800 380.317
202403 310.629 107.200 326.566
202406 445.283 108.200 463.802
202412 436.556 110.700 444.443
202503 385.111 111.100 390.657
202506 458.696 111.700 462.802
202509 323.776 112.000 325.800
202512 471.943 113.000 470.690
202603 419.005 112.700 419.005

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 0.87 mean?
IPS Holdings Co (TSE:4335) has a Cyclically Adjusted PS Ratio of 0.87 as of Sep. 15, 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 IPS Holdings Co and its competitors. This is 16% below median its historical median of 1.04. Over the past decade, IPS Holdings Co's Cyclically Adjusted PS Ratio has ranged from 0.69 to 2.00. According to the industry distribution chart, IPS Holdings Co ranks #520 out of 1600 companies in the Software industry, placing it in the top 32.5%.
Is IPS Holdings Co's Cyclically Adjusted PS Ratio too high?
IPS Holdings Co's current Cyclically Adjusted PS Ratio of 0.87 is 16% below median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 2.00. The Software industry median Cyclically Adjusted PS Ratio is 1.66. IPS Holdings Co's value of 0.87 is 47.6% below this industry median. Based on the distribution chart, IPS Holdings Co ranks #520 out of 1600 companies in the Software industry, which is above the industry midpoint. Overall, IPS Holdings Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IPS Holdings Co's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, IPS Holdings Co ranks #520 out of 1600 companies for Cyclically Adjusted PS Ratio. This puts IPS Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.66. IPS Holdings Co's value of 0.87 is 47.6% below this benchmark. Historically, IPS Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 0.69 to 2.00 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 1.66, IPS Holdings 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.66, based on 1,600 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. IPS Holdings Co's current Cyclically Adjusted PS Ratio of 0.87 is 47.6% 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 IPS Holdings Co and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPS Holdings Co's current Cyclically Adjusted PS Ratio is 0.87, which is 16% below median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPS Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, IPS Holdings Co (TSE:4335) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,366.03, compared to a current price of 円1,085.00 — trading 20.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.87, which is 16% below median its 10-year median of 1.04 and 47.6% below the Software industry median of 1.66. IPS Holdings Co's overall GF Score™ is 67/100 with 3 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 IPS Holdings Co (TSE:4335), the current Cyclically Adjusted PS Ratio is 0.87 as of Sep. 15, 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 IPS Holdings Co (TSE:4335) Overvalued in 2026?

Based on GuruFocus' analysis, IPS Holdings Co stock appears to be undervalued. The current stock price of 円1,085.00 is trading 20.6% below its estimated GF Value™ of 円1,366.03. GuruFocus considers IPS Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:4335:

  • Cyclically Adjusted PS Ratio: 0.87 (16% below median its 10-year median of 1.04)
  • GF Value™: 円1,366.03 vs. price of 円1,085.00 (20.6% below fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 47.6% below the Software median (#520 of 1600)

No single metric tells the full story. See the TSE:4335 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IPS Holdings Co Business Description

Address 2-2-3 Uchisaiwai-cho, 7th floor, Hibiya International Building, Chiyoda-ku, Tokyo, JPN, 100-0011
IPS Holdings Co Ltd is engaged in SAP implementation services, development of its products, and maintenance. The products of the company include easyone, easyone lite, data science, and EDI. The services offered by the company include data maintenance and operational reforms.
67GF Score

Get the complete analysis for TSE:4335

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

円1,085.00
Price
円1,366.03
GF Value