Astellas Pharma (TSE:4503) Cyclically Adjusted PS Ratio: 2.54 (As of Aug. 01, 2026) — 11% Below Median

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TSE:4503 Astellas Pharma Inc TSE:4503
82 GF Score
Price 円2,202.00
GF Value 円2,235.49
Valuation Fairly Valued
! 4 Warning Signs
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What is Astellas Pharma Cyclically Adjusted PS Ratio?

Astellas Pharma TSE:4503 -3.72% 82 Cyclically Adjusted PS Ratio is 2.54 as of Aug. 01, 2026, which is 11% below its 10-year median of 2.85. GuruFocus rates TSE:4503 with a GF Score™ of 82/100 and a GF Value™ of 円2,235.49 (Fairly Valued). The stock has 4 warning signs investors should review. Among 749 Drug Manufacturers companies, Astellas Pharma ranks worse than 57.41% on this metric.

As of today (2026-08-01), Astellas Pharma's current share price is 円2202.00. Astellas Pharma's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円867.27. Astellas Pharma's Cyclically Adjusted PS Ratio for today is 2.54.

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

TSE:4503' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.57   Med: 2.85   Max: 3.8
Current: 2.5

During the past years, Astellas Pharma's highest Cyclically Adjusted PS Ratio was 3.80. The lowest was 1.57. And the median was 2.85.

TSE:4503's Cyclically Adjusted PS Ratio is ranked worse than
57.41% of 749 companies
in the Drug Manufacturers industry
Industry Median: 1.97 vs TSE:4503: 2.50

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.

Astellas Pharma's adjusted revenue per share data for the three months ended in Mar. 2026 was 円299.327. 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867.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Astellas Pharma  (TSE:4503) 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.


Astellas Pharma Cyclically Adjusted PS Ratio Related Terms


Astellas Pharma Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Astellas Pharma'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.

Astellas Pharma Cyclically Adjusted PS Ratio Chart

Astellas Pharma 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 3.03 2.74 2.23 1.79 2.90

Astellas Pharma Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 1.79 1.72 1.91 2.44 2.90

TSE:4503 vs LLY, JNJ, ABBV: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - General subindustry, Astellas Pharma'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.


Astellas Pharma Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Astellas Pharma's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4503
82GF Score
Astellas Pharma Inc TSE:4503
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Astellas Pharma 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.

Astellas Pharma's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2202.00/867.27
=2.54

* 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.

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

For example, Astellas Pharma'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)
=299.327/112.7000*112.7000
=299.327

Current CPI (Mar. 2026) = 112.7000.

Astellas Pharma Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 158.742 98.100 182.367
201609 147.551 98.000 169.684
201612 167.699 98.400 192.070
201703 146.992 98.100 168.868
201706 156.040 98.500 178.535
201709 154.955 98.800 176.755
201712 178.194 99.400 202.037
201803 150.618 99.200 171.115
201806 166.796 99.200 189.495
201809 164.266 99.900 185.313
201812 186.158 99.700 210.431
201903 158.313 99.700 178.956
201906 177.031 99.800 199.914
201909 167.638 100.100 188.739
201912 180.191 100.500 202.065
202003 167.945 100.300 188.708
202006 165.158 99.900 186.319
202009 165.996 99.900 187.265
202012 175.097 99.300 198.725
202103 166.191 99.900 187.485
202106 175.894 99.500 199.229
202109 175.600 100.100 197.703
202112 183.746 100.100 206.875
202203 165.051 101.100 183.989
202206 209.105 101.800 231.494
202209 208.618 103.100 228.043
202212 220.595 104.100 238.819
202303 193.842 104.400 209.253
202306 208.491 105.200 223.355
202309 217.710 106.200 231.035
202312 234.326 106.800 247.271
202403 230.379 107.200 242.199
202406 263.469 108.200 274.427
202409 257.409 108.900 266.391
202412 289.032 110.700 294.254
202503 255.567 111.100 259.248
202506 281.719 111.700 284.241
202509 291.833 112.000 293.657
202512 317.877 113.000 317.033
202603 299.327 112.700 299.327

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 2.54 mean?
Astellas Pharma (TSE:4503) has a Cyclically Adjusted PS Ratio of 2.54 as of Aug. 01, 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 Astellas Pharma and its competitors. This is 11% below median its historical median of 2.85. Over the past decade, Astellas Pharma's Cyclically Adjusted PS Ratio has ranged from 1.57 to 3.80. According to the industry distribution chart, Astellas Pharma ranks #430 out of 749 companies in the Drug Manufacturers industry, placing it in the top 57.4%.
Is Astellas Pharma's Cyclically Adjusted PS Ratio too high?
Astellas Pharma's current Cyclically Adjusted PS Ratio of 2.54 is 11% below median its 10-year median of 2.85. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 3.80. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 1.97. Astellas Pharma's value of 2.54 is 28.9% above this industry median. Based on the distribution chart, Astellas Pharma ranks #430 out of 749 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Astellas Pharma has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Astellas Pharma's Cyclically Adjusted PS Ratio compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Astellas Pharma ranks #430 out of 749 companies for Cyclically Adjusted PS Ratio. This places Astellas Pharma in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.97. Astellas Pharma's value of 2.54 is 28.9% above this benchmark. Historically, Astellas Pharma's own Cyclically Adjusted PS Ratio has ranged from 1.57 to 3.80 over the past decade. While the company's 10-year median is 2.85 vs. the industry median of 1.97, Astellas Pharma 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 Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 1.97, based on 749 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. Astellas Pharma's current Cyclically Adjusted PS Ratio of 2.54 is 28.9% 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 Astellas Pharma and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astellas Pharma's current Cyclically Adjusted PS Ratio is 2.54, which is 11% below median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astellas Pharma stock overvalued right now?
Based on GuruFocus' analysis, Astellas Pharma (TSE:4503) is currently considered Fairly Valued. The stock's GF Value™ is 円2,235.49, compared to a current price of 円2,202.00 — trading 1.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.54, which is 11% below median its 10-year median of 2.85 and 28.9% above the Drug Manufacturers industry median of 1.97. Astellas Pharma's overall GF Score™ is 82/100 with 4 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 Astellas Pharma (TSE:4503), the current Cyclically Adjusted PS Ratio is 2.54 as of Aug. 01, 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 Astellas Pharma (TSE:4503) Overvalued in 2026?

Based on GuruFocus' analysis, Astellas Pharma stock appears to be undervalued. The current stock price of 円2,202.00 is trading 1.5% below its estimated GF Value™ of 円2,235.49. GuruFocus considers Astellas Pharma to be Fairly Valued.

Key valuation signals for TSE:4503:

  • Cyclically Adjusted PS Ratio: 2.54 (11% below median its 10-year median of 2.85)
  • GF Value™: 円2,235.49 vs. price of 円2,202.00 (1.5% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 28.9% above the Drug Manufacturers median (#430 of 749)

No single metric tells the full story. See the TSE:4503 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Astellas Pharma Business Description

Address 2-5-1 Nihonbashi-Honcho, Chuo-ku, Tokyo, JPN, 103-8411
Astellas Pharma Inc is a specialty international pharmaceutical company. The company focuses on accelerating the discovery, development, and commercialization of ground-breaking innovations that could redefine expectations of care for difficult-to-treat diseases. The group is committed to driving innovation in immuno-oncology, gene therapy, mitochondria, blindness and regeneration, and targeted protein degradation. Its core products include anticancer agents like XTANDI, XOSPATA, and PADCEV; VEOZAH for the treatment of vasomotor symptoms due to menopause; Betanis / Myrbetriq / BETMIGA for the treatment of overactive bladder (OAB); and Prograf, an immunosuppressant for organ transplantation.
82GF Score

Get the complete analysis for TSE:4503

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

円2,202.00
Price
円2,235.49
GF Value