Nippon Paint Holdings Co (TSE:4612) 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:4612 Nippon Paint Holdings Co Ltd TSE:4612
87 GF Score
Price 円1,152.50
GF Value 円1,233.03
Valuation Fairly Valued
! 3 Warning Signs
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What is Nippon Paint Holdings Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Paint Holdings Co  (TSE:4612) 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.


Nippon Paint Holdings Co Cyclically Adjusted PS Ratio Related Terms


Nippon Paint Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Paint Holdings 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.

Nippon Paint Holdings Co Cyclically Adjusted PS Ratio Chart

Nippon Paint Holdings 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 - - - - 1.88

Nippon Paint Holdings Co 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 2.33 2.03 1.87 1.72 1.79

TSE:4612 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Nippon Paint Holdings 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.


Nippon Paint Holdings Co Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Paint Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Nippon Paint Holdings Co's Cyclically Adjusted PS Ratio falls into.


TSE:4612
87GF Score
Nippon Paint Holdings Co Ltd TSE:4612
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Paint Holdings 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.

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

For example, Nippon Paint Holdings Co'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)
=229.913/113.6000*113.6000
=229.913

Current CPI (Jun. 2026) = 113.6000.

Nippon Paint Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 82.960 98.000 96.166
201612 134.525 98.400 155.305
201703 84.666 98.100 98.043
201706 97.234 98.500 112.140
201709 100.420 98.800 115.463
201712 95.077 99.400 108.659
201803 93.012 99.200 106.514
201806 102.288 99.200 117.136
201809 100.551 99.900 114.340
201812 94.718 99.700 107.923
201903 91.879 99.700 104.689
201906 102.899 99.800 117.128
201909 113.889 100.100 129.249
201912 122.762 100.500 138.764
202003 101.559 100.300 115.026
202006 113.749 99.900 129.348
202009 133.651 99.900 151.980
202012 134.625 99.300 154.012
202103 103.849 99.900 118.091
202106 110.335 99.500 125.970
202109 108.358 100.100 122.972
202112 110.820 100.100 125.766
202203 121.397 101.100 136.407
202206 143.470 101.800 160.100
202209 152.374 103.100 167.892
202212 139.191 104.100 151.893
202303 140.599 104.400 152.989
202306 154.430 105.200 166.761
202309 167.304 106.200 178.962
202312 151.875 106.800 161.545
202403 163.635 107.200 173.404
202406 184.265 108.200 193.461
202409 172.686 108.900 180.139
202412 177.106 110.700 181.746
202503 172.740 111.100 176.627
202506 190.169 111.700 193.404
202509 198.357 112.000 201.191
202512 195.213 113.000 196.250
202603 211.095 112.700 212.781
202606 229.913 113.600 229.913

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 Nippon Paint Holdings Co (TSE:4612) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Paint Holdings Co stock appears to be undervalued. The current stock price of 円1,152.50 is trading 6.5% below its estimated GF Value™ of 円1,233.03. GuruFocus considers Nippon Paint Holdings Co to be Fairly Valued.

Key valuation signals for TSE:4612:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円1,233.03 vs. price of 円1,152.50 (6.5% below fair value)
  • GF Score™: 87/100 with 3 warning signs

No single metric tells the full story. See the TSE:4612 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Paint Holdings Co Business Description

Address 2-1-2 Oyodo Kita, Kita-ku, Osaka, JPN, 531-8511
Nippon Paint is a global paint company with operations in over 50 countries. About two-thirds of sales are in decorative paint, serving mostly residential and some commercial customers. It has the dominant share of the paint markets in China and some smaller Asian countries, as well as Australia. In other regions, it's often one of the three largest players. Its products are distributed via paint and home improvement retailers, some 300,000 distributors globally. Household brands include Nipsea, Nippon Paint, Dulux (in Asia, the Pacific, and Europe), British Paints, Betek Boya, and Alina, among others. About one-fourth of sales are in industrial coatings and paints. Here, customer groups include manufacturers of automotive and industrial products.
87GF Score

Get the complete analysis for TSE:4612

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

円1,152.50
Price
円1,233.03
GF Value