Applied Technology Co (TSE:4356) Cyclically Adjusted PS Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:4356 Applied Technology Co Ltd TSE:4356
82 GF Score
Price 円1,666.00
GF Value 円1,599.97
Valuation Fairly Valued
! 2 Warning Signs
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What is Applied Technology Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Applied Technology Co  (TSE:4356) 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.


Applied Technology Co Cyclically Adjusted PS Ratio Related Terms


Applied Technology Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Applied Technology 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.

Applied Technology Co Cyclically Adjusted PS Ratio Chart

Applied Technology 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 4.01 2.82 1.93 0.00 0.00

Applied Technology Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 1.64 1.70 0.00 0.00

TSE:4356 vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Applied Technology 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.


Applied Technology Co Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:4356
82GF Score
Applied Technology Co Ltd TSE:4356
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Applied Technology 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.

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

For example, Applied Technology 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)
=0/113.0000*113.0000
=0.000

Current CPI (Dec. 2025) = 113.0000.

Applied Technology Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201509 71.541 98.500 82.072
201512 89.708 98.100 103.333
201603 180.363 97.900 208.182
201606 103.290 98.100 118.978
201609 86.150 98.000 99.336
201612 132.218 98.400 151.836
201703 143.500 98.100 165.296
201706 141.114 98.500 161.887
201709 90.746 98.800 103.788
201712 122.890 99.400 139.704
201803 170.590 99.200 194.321
201806 160.434 99.200 182.752
201809 110.864 99.900 125.402
201812 147.533 99.700 167.214
201903 269.723 99.700 305.704
201906 166.973 99.800 189.058
201909 176.987 100.100 199.796
201912 142.274 100.500 159.970
202003 255.143 100.300 287.449
202006 231.189 99.900 261.505
202009 161.416 99.900 182.583
202012 192.939 99.300 219.558
202103 339.778 99.900 384.333
202106 228.989 99.500 260.058
202109 234.745 100.100 264.997
202112 325.569 100.100 367.525
202203 341.313 101.100 381.487
202206 270.808 101.800 300.602
202209 297.046 103.100 325.569
202212 330.005 104.100 358.219
202303 345.612 104.400 374.082
202306 290.960 105.200 312.533
202309 314.322 106.200 334.448
202312 348.482 106.800 368.712
202403 353.547 107.200 372.675
202406 310.999 108.200 324.796
202412 0.000 110.700 0.000
202503 343.359 111.100 349.231
202506 289.542 111.700 292.912
202512 0.000 113.000 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 Applied Technology Co (TSE:4356) Overvalued in 2026?

Based on GuruFocus' analysis, Applied Technology Co stock appears to be overvalued. The current stock price of 円1,666.00 is trading 4.1% above its estimated GF Value™ of 円1,599.97. GuruFocus considers Applied Technology Co to be Fairly Valued.

Key valuation signals for TSE:4356:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円1,599.97 vs. price of 円1,666.00 (4.1% above fair value)
  • GF Score™: 82/100 with 2 warning signs

No single metric tells the full story. See the TSE:4356 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Applied Technology Co Business Description

Address Osaka Nakazakinishi 2-4-12 Umeda Center Building, Kita-ku, Osaka, JPN, 530-0015
Applied Technology Co Ltd is engaged in the development of various automatic design system based on CAD, development of structural analysis, disaster prevention, environmental evaluation simulation, and providing GIS and asset management solutions.
82GF Score

Get the complete analysis for TSE:4356

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

円1,666.00
Price
円1,599.97
GF Value