DIC (TSE:4631) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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:4631 DIC Corp TSE:4631
74 GF Score
Price 円4,755.00
GF Value 円3,451.74
Valuation Significantly Overvalued
! 3 Warning Signs
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What is DIC Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


DIC  (TSE:4631) 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.


DIC Cyclically Adjusted PS Ratio Related Terms


DIC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for DIC'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.

DIC Cyclically Adjusted PS Ratio Chart

DIC 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 - 0.25 0.29 0.34 0.36

DIC 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 0.29 0.36 0.35 0.35 0.46

TSE:4631 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, DIC'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.


DIC Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


TSE:4631
74GF Score
DIC Corp TSE:4631
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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DIC 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.

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

For example, DIC'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)
=3278.382/113.6000*113.6000
=3,278.382

Current CPI (Jun. 2026) = 113.6000.

DIC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1,917.902 98.000 2,223.201
201612 2,024.497 98.400 2,337.224
201703 1,993.776 98.100 2,308.797
201706 2,044.515 98.500 2,357.938
201709 2,119.151 98.800 2,436.595
201712 2,177.800 99.400 2,488.914
201803 2,072.956 99.200 2,373.869
201806 2,140.486 99.200 2,451.202
201809 2,133.824 99.900 2,426.451
201812 2,163.327 99.700 2,464.934
201903 2,014.940 99.700 2,295.859
201906 2,052.967 99.800 2,336.844
201909 2,024.100 100.100 2,297.081
201912 2,028.427 100.500 2,292.829
202003 1,919.249 100.300 2,173.746
202006 1,712.601 99.900 1,947.462
202009 1,801.986 99.900 2,049.105
202012 1,974.790 99.300 2,259.176
202103 2,010.079 99.900 2,285.735
202106 2,129.077 99.500 2,430.785
202109 2,366.989 100.100 2,686.213
202112 2,530.634 100.100 2,871.928
202203 2,651.292 101.100 2,979.098
202206 2,857.284 101.800 3,188.482
202209 2,892.027 103.100 3,186.559
202212 2,736.845 104.100 2,986.605
202303 2,696.384 104.400 2,933.996
202306 2,747.442 105.200 2,966.819
202309 2,813.300 106.200 3,009.330
202312 2,716.241 106.800 2,889.185
202403 2,701.948 107.200 2,863.258
202406 2,989.800 108.200 3,139.014
202409 2,839.221 108.900 2,961.759
202412 2,782.589 110.700 2,855.484
202503 2,768.338 111.100 2,830.632
202506 2,758.031 111.700 2,804.945
202509 2,773.859 112.000 2,813.486
202512 2,812.842 113.000 2,827.777
202603 2,983.452 112.700 3,007.277
202606 3,278.382 113.600 3,278.382

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 DIC (TSE:4631) Overvalued in 2026?

Based on GuruFocus' analysis, DIC stock appears to be overvalued. The current stock price of 円4,755.00 is trading 37.8% above its estimated GF Value™ of 円3,451.74. GuruFocus considers DIC to be Significantly Overvalued.

Key valuation signals for TSE:4631:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円3,451.74 vs. price of 円4,755.00 (37.8% above fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the TSE:4631 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DIC Business Description

Other Exchanges DPN:Germany
Address 7-20, Nihonbashi 3-chome, DIC Building, Chuo-ku, Tokyo, JPN, 103-8233
DIC Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on product type. Packaging & Graphic segment, this segment includes printing and packaging materials. The second segment- Color & display Color Materials which included Pigments for paints, pigments for plastics, pigments for inks, specialty pigments, pigments for color filters, pigments for cosmetics, healthcare foods and third segment-Functional Products including Performance, Composite and Chemitronics materials.
74GF Score

Get the complete analysis for TSE:4631

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

円4,755.00
Price
円3,451.74
GF Value