Bplats (TSE:4381) Cyclically Adjusted PS Ratio: 0.83 (As of Jul. 31, 2026) — 50% 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:4381 Bplats Inc TSE:4381
32 GF Score
Price 円272.00
GF Value 円559.37
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Bplats Cyclically Adjusted PS Ratio?

Bplats TSE:4381 -9.93% 32 Cyclically Adjusted PS Ratio is 0.83 as of Jul. 31, 2026, which is 50% below its 10-year median of 1.65. GuruFocus rates TSE:4381 with a GF Score™ of 32/100 and a GF Value™ of 円559.37 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,590 Software companies, Bplats ranks better than 65.22% on this metric.

As of today (2026-07-31), Bplats's current share price is 円272.00. Bplats's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was 円328.98. Bplats's Cyclically Adjusted PS Ratio for today is 0.83.

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

TSE:4381' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.56   Med: 1.65   Max: 2.03
Current: 0.92

During the past 11 years, Bplats's highest Cyclically Adjusted PS Ratio was 2.03. The lowest was 0.56. And the median was 1.65.

TSE:4381's Cyclically Adjusted PS Ratio is ranked better than
65.22% of 1590 companies
in the Software industry
Industry Median: 1.63 vs TSE:4381: 0.92

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.

Bplats's adjusted revenue per share data of for the fiscal year that ended in Mar26 was 円284.268. 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328.98 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bplats  (TSE:4381) 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.


Bplats Cyclically Adjusted PS Ratio Related Terms


Bplats Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bplats'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.

Bplats Cyclically Adjusted PS Ratio Chart

Bplats 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 0.00 0.00 0.00 1.59 1.31

Bplats Semi-Annual Data
Mar16 Mar17 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 0.00 0.00 1.59 0.00 1.31

TSE:4381 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Bplats'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.


Bplats Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:4381
32GF Score
Bplats Inc TSE:4381
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bplats 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.

Bplats's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=272.00/328.98
=0.83

* 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.

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

For example, Bplats'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)
=284.268/112.7000*112.7000
=284.268

Current CPI (Mar26) = 112.7000.

Bplats Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 266.995 98.100 306.731
201803 286.739 99.200 325.761
201903 256.259 99.700 289.673
202003 232.785 100.300 261.564
202103 310.721 99.900 350.533
202203 332.260 101.100 370.383
202303 387.522 104.400 418.331
202403 371.673 107.200 390.742
202503 287.681 111.100 291.824
202603 284.268 112.700 284.268

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 0.83 mean?
Bplats (TSE:4381) has a Cyclically Adjusted PS Ratio of 0.83 as of Jul. 31, 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 Bplats and its competitors. This is 50% below median its historical median of 1.65. Over the past decade, Bplats' Cyclically Adjusted PS Ratio has ranged from 0.56 to 2.03. According to the industry distribution chart, Bplats ranks #553 out of 1590 companies in the Software industry, placing it in the top 34.8%.
Is Bplats' Cyclically Adjusted PS Ratio too high?
Bplats' current Cyclically Adjusted PS Ratio of 0.83 is 50% below median its 10-year median of 1.65. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 2.03. The Software industry median Cyclically Adjusted PS Ratio is 1.63. Bplats' value of 0.83 is 49.1% below this industry median. Based on the distribution chart, Bplats ranks #553 out of 1590 companies in the Software industry, which is above the industry midpoint. Overall, Bplats has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bplats' Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Bplats ranks #553 out of 1590 companies for Cyclically Adjusted PS Ratio. This puts Bplats in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.63. Bplats' value of 0.83 is 49.1% below this benchmark. Historically, Bplats' own Cyclically Adjusted PS Ratio has ranged from 0.56 to 2.03 over the past decade. While the company's 10-year median is 1.65 vs. the industry median of 1.63, Bplats 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 1.63, based on 1,590 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. Bplats's current Cyclically Adjusted PS Ratio of 0.83 is 49.1% 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 Bplats and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bplats's current Cyclically Adjusted PS Ratio is 0.83, which is 50% below median its own 10-year median of 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bplats stock overvalued right now?
Based on GuruFocus' analysis, Bplats (TSE:4381) is currently considered Possible Value Trap. The stock's GF Value™ is 円559.37, compared to a current price of 円272.00 — trading 51.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.83, which is 50% below median its 10-year median of 1.65 and 49.1% below the Software industry median of 1.63. Bplats' overall GF Score™ is 32/100 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 Bplats (TSE:4381), the current Cyclically Adjusted PS Ratio is 0.83 as of Jul. 31, 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 Bplats (TSE:4381) Overvalued in 2026?

Based on GuruFocus' analysis, Bplats stock appears to be undervalued. The current stock price of 円272.00 is trading 51.4% below its estimated GF Value™ of 円559.37. GuruFocus considers Bplats to be Possible Value Trap.

Key valuation signals for TSE:4381:

  • Cyclically Adjusted PS Ratio: 0.83 (50% below median its 10-year median of 1.65)
  • GF Value™: 円559.37 vs. price of 円272.00 (51.4% below fair value)
  • GF Score™: 32/100 with 7 warning signs
  • Industry Position: 49.1% below the Software median (#553 of 1590)

No single metric tells the full story. See the TSE:4381 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bplats Business Description

Address 3 Kanda Neribeicho, 15th Floor, Fujisoft Akihabara Building, Chiyoda-ku, Tokyo, JPN, 101?0022
Bplats Inc is a software application developer. The company is engaged in providing a sales and management platform for subscription services. The product of the firm includes Bplats, which is a sales management solution that enables contract management and billing management, such as monthly billing and annual billing, including subscription fees.
32GF Score

Get the complete analysis for TSE:4381

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

円272.00
Price
円559.37
GF Value