Tsumura (TSE:4540) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:4540 Tsumura & Co TSE:4540
86 GF Score
Price 円3,848.00
GF Value 円4,292.87
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Tsumura Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsumura  (TSE:4540) 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.


Tsumura Cyclically Adjusted PS Ratio Related Terms


Tsumura Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tsumura'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.

Tsumura Cyclically Adjusted PS Ratio Chart

Tsumura 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 1.96 1.54 2.14 2.27 1.87

Tsumura Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.80 1.85 2.04 1.86 1.82

TSE:4540 vs ZTS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Tsumura'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.


Tsumura Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

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

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


TSE:4540
86GF Score
Tsumura & Co TSE:4540
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tsumura 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.

Tsumura's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Tsumura's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=666.756/113.6000*113.6000
=666.756

Current CPI (Jun. 2026) = 113.6000.

Tsumura Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 394.539 98.000 457.343
201612 458.394 98.400 529.203
201703 392.513 98.100 454.531
201706 422.611 98.500 487.397
201709 424.628 98.800 488.236
201712 437.749 99.400 500.285
201803 352.756 99.200 403.963
201806 389.448 99.200 445.981
201809 372.649 99.900 423.753
201812 441.315 99.700 502.842
201903 377.934 99.700 430.625
201906 401.520 99.800 457.041
201909 393.625 100.100 446.711
201912 449.401 100.500 507.980
202003 366.797 100.300 415.435
202006 371.151 99.900 422.050
202009 373.241 99.900 424.426
202012 411.617 99.300 470.893
202103 365.570 99.900 415.703
202106 415.269 99.500 474.116
202109 413.619 100.100 469.402
202112 457.029 100.100 518.666
202203 407.335 101.100 457.698
202206 449.854 101.800 501.998
202209 466.747 103.100 514.282
202212 483.944 104.100 528.108
202303 431.554 104.400 469.584
202306 486.222 105.200 525.046
202309 503.987 106.200 539.105
202312 533.720 106.800 567.702
202403 461.205 107.200 488.740
202406 575.410 108.200 604.127
202409 597.669 108.900 623.464
202412 628.174 110.700 644.630
202503 584.274 111.100 597.421
202506 573.846 111.700 583.607
202509 629.611 112.000 638.605
202512 741.553 113.000 745.490
202603 636.377 112.700 641.459
202606 666.756 113.600 666.756

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.

Is Tsumura (TSE:4540) Overvalued in 2026?

Based on GuruFocus' analysis, Tsumura stock appears to be undervalued. The current stock price of 円3,848.00 is trading 10.4% below its estimated GF Value™ of 円4,292.87. GuruFocus considers Tsumura to be Modestly Undervalued.

Key valuation signals for TSE:4540:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円4,292.87 vs. price of 円3,848.00 (10.4% below fair value)
  • GF Score™: 86/100 with 4 warning signs

No single metric tells the full story. See the TSE:4540 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsumura Business Description

Other Exchanges TSUA:Germany
Address 2-17-11 Akasaka, Minato-ku, Tokyo, JPN, 107-8521
Tsumura & Co is a specialty and generic drug manufacturing company. The company generates the majority of its revenue through prescription Kampo products, followed by over-the-counter medicines. It promotes its products through educational support at medical schools and by hosting seminars for physicians and consumers. The company specializes in developing, producing, and marketing Kampo formulations that integrate traditional herbal knowledge with modern pharmaceutical science to address various health conditions.
86GF Score

Get the complete analysis for TSE:4540

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

円3,848.00
Price
円4,292.87
GF Value