Smaregi (TSE:4431) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

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:4431 Smaregi Inc TSE:4431
88 GF Score
Price 円3,340.00
GF Value 円3,983.88
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Smaregi Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Smaregi  (TSE:4431) 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.


Smaregi Cyclically Adjusted PS Ratio Related Terms


Smaregi Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Smaregi'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.

Smaregi Cyclically Adjusted PS Ratio Chart

Smaregi Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 8.09

Smaregi Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 - - - 8.09 10.68

TSE:4431 vs CRM, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Smaregi'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.


Smaregi Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:4431
88GF Score
Smaregi Inc TSE:4431
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Smaregi 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.

Smaregi's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Apr26 is calculated as:

For example, Smaregi's adjusted Revenue per Share data for the fiscal year that ended in Apr26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr26 (Change)*Current CPI (Apr26)
=691.917/113.0000*113.0000
=691.917

Current CPI (Apr26) = 113.0000.

Smaregi Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201704 51.778 98.500 59.400
201804 76.875 99.100 87.658
201904 115.838 100.000 130.897
202004 165.425 100.200 186.557
202104 169.497 99.100 193.271
202204 211.887 101.500 235.894
202304 307.009 105.100 330.086
202404 435.505 107.700 456.937
202504 573.976 111.500 581.698
202604 691.917 113.000 691.917

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 Smaregi (TSE:4431) Overvalued in 2026?

Based on GuruFocus' analysis, Smaregi stock appears to be undervalued. The current stock price of 円3,340.00 is trading 16.2% below its estimated GF Value™ of 円3,983.88. GuruFocus considers Smaregi to be Modestly Undervalued.

Key valuation signals for TSE:4431:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円3,983.88 vs. price of 円3,340.00 (16.2% below fair value)
  • GF Score™: 88/100 with 1 warning sign

No single metric tells the full story. See the TSE:4431 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Smaregi Business Description

Address 4-2-12 Honcho Chuo-ku, Toshiba Osaka Building 3rd Floor, Osaka, JPN, 541-0053
Smaregi Inc is engaged in planning, designing, and development of providng web services.
88GF Score

Get the complete analysis for TSE:4431

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

円3,340.00
Price
円3,983.88
GF Value