CTS Co (TSE:4345) Cyclically Adjusted PS Ratio: 3.25 (As of Aug. 03, 2026) — 27% Below 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:4345 CTS Co Ltd TSE:4345
88 GF Score
Price 円844.00
GF Value 円938.66
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is CTS Co Cyclically Adjusted PS Ratio?

CTS Co TSE:4345 -0.12% 88 Cyclically Adjusted PS Ratio is 3.25 as of Aug. 03, 2026, which is 27% below its 10-year median of 4.45. GuruFocus rates TSE:4345 with a GF Score™ of 88/100 and a GF Value™ of 円938.66 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 718 Business Services companies, CTS Co ranks worse than 84.12% on this metric.

As of today (2026-08-03), CTS Co's current share price is 円844.00. CTS Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was 円259.90. CTS Co's Cyclically Adjusted PS Ratio for today is 3.25.

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

TSE:4345' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.53   Med: 4.45   Max: 8.58
Current: 3.25

During the past 13 years, CTS Co's highest Cyclically Adjusted PS Ratio was 8.58. The lowest was 2.53. And the median was 4.45.

TSE:4345's Cyclically Adjusted PS Ratio is ranked worse than
84.12% of 718 companies
in the Business Services industry
Industry Median: 0.91 vs TSE:4345: 3.25

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.

CTS Co's adjusted revenue per share data of for the fiscal year that ended in Mar26 was 円308.756. 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259.90 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


CTS Co  (TSE:4345) 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.


CTS Co Cyclically Adjusted PS Ratio Related Terms


CTS Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CTS 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.

CTS Co Cyclically Adjusted PS Ratio Chart

CTS Co 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 4.54 3.74 3.56 3.18 3.47

CTS Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 3.56 0.00 3.18 0.00 3.47

TSE:4345 vs URI, SUNB, AER: Cyclically Adjusted PS Ratio Comparison

For the Rental & Leasing Services subindustry, CTS 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.


CTS Co Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, CTS Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4345
88GF Score
CTS Co Ltd TSE:4345
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CTS 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=844.00/259.90
=3.25

* 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.

CTS Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, CTS Co's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=308.756/112.7000*112.7000
=308.756

Current CPI (Mar26) = 112.7000.

CTS Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 181.835 98.100 208.897
201803 208.929 99.200 237.362
201903 198.924 99.700 224.862
202003 214.907 100.300 241.476
202103 233.557 99.900 263.482
202203 248.445 101.100 276.951
202303 254.772 104.400 275.027
202403 261.686 107.200 275.112
202503 283.090 111.100 287.167
202603 308.756 112.700 308.756

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 3.25 mean?
CTS Co (TSE:4345) has a Cyclically Adjusted PS Ratio of 3.25 as of Aug. 03, 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 CTS Co and its competitors. This is 27% below median its historical median of 4.45. Over the past decade, CTS Co's Cyclically Adjusted PS Ratio has ranged from 2.53 to 8.58. According to the industry distribution chart, CTS Co ranks #604 out of 718 companies in the Business Services industry, placing it in the top 84.1%.
Is CTS Co's Cyclically Adjusted PS Ratio too high?
CTS Co's current Cyclically Adjusted PS Ratio of 3.25 is 27% below median its 10-year median of 4.45. Over the past 10 years, this metric has ranged from a low of 2.53 to a high of 8.58. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. CTS Co's value of 3.25 is 257.1% above this industry median. Based on the distribution chart, CTS Co ranks #604 out of 718 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, CTS Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CTS Co's Cyclically Adjusted PS Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, CTS Co ranks #604 out of 718 companies for Cyclically Adjusted PS Ratio. This places CTS Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. CTS Co's value of 3.25 is 257.1% above this benchmark. Historically, CTS Co's own Cyclically Adjusted PS Ratio has ranged from 2.53 to 8.58 over the past decade. While the company's 10-year median is 4.45 vs. the industry median of 0.91, CTS Co 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 718 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. CTS Co's current Cyclically Adjusted PS Ratio of 3.25 is 257.1% 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 CTS Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CTS Co's current Cyclically Adjusted PS Ratio is 3.25, which is 27% below median its own 10-year median of 4.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CTS Co stock overvalued right now?
Based on GuruFocus' analysis, CTS Co (TSE:4345) is currently considered Modestly Undervalued. The stock's GF Value™ is 円938.66, compared to a current price of 円844.00 — trading 10.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.25, which is 27% below median its 10-year median of 4.45 and 257.1% above the Business Services industry median of 0.91. CTS Co's overall GF Score™ is 88/100 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 CTS Co (TSE:4345), the current Cyclically Adjusted PS Ratio is 3.25 as of Aug. 03, 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 CTS Co (TSE:4345) Overvalued in 2026?

Based on GuruFocus' analysis, CTS Co stock appears to be undervalued. The current stock price of 円844.00 is trading 10.1% below its estimated GF Value™ of 円938.66. GuruFocus considers CTS Co to be Modestly Undervalued.

Key valuation signals for TSE:4345:

  • Cyclically Adjusted PS Ratio: 3.25 (27% below median its 10-year median of 4.45)
  • GF Value™: 円938.66 vs. price of 円844.00 (10.1% below fair value)
  • GF Score™: 88/100 with 1 warning sign
  • Industry Position: 257.1% above the Business Services median (#604 of 718)

No single metric tells the full story. See the TSE:4345 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CTS Co Business Description

Address Kitasaiwai 1-1-8, Kanagawa Prefecture, Nishi Ward, Yokohama, JPN
CTS Co Ltd is engaged in construction ICT, system business, survey measurement business, house furniture business and environmental safety business. The company's segments are: DDS Business; SMS Business; and SH Business.
88GF Score

Get the complete analysis for TSE:4345

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

円844.00
Price
円938.66
GF Value