Ichishin Holdings Co (TSE:4645) Cyclically Adjusted PS Ratio: 0.23 (As of Jul. 30, 2026) — Near Median

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:4645 Ichishin Holdings Co Ltd TSE:4645
66 GF Score
Price 円434.00
GF Value 円638.45
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Ichishin Holdings Co Cyclically Adjusted PS Ratio?

Ichishin Holdings Co TSE:4645 66 Cyclically Adjusted PS Ratio is 0.23 as of Jul. 30, 2026, which is 8% below its 10-year median of 0.25. GuruFocus rates TSE:4645 with a GF Score™ of 66/100 and a GF Value™ of 円638.45 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 162 Education companies, Ichishin Holdings Co ranks better than 90.12% on this metric.

As of today (2026-07-30), Ichishin Holdings Co's current share price is 円434.00. Ichishin Holdings Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Feb26 was 円1,891.39. Ichishin Holdings Co's Cyclically Adjusted PS Ratio for today is 0.23.

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

TSE:4645' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.25   Max: 0.32
Current: 0.23

During the past 13 years, Ichishin Holdings Co's highest Cyclically Adjusted PS Ratio was 0.32. The lowest was 0.17. And the median was 0.25.

TSE:4645's Cyclically Adjusted PS Ratio is ranked better than
90.12% of 162 companies
in the Education industry
Industry Median: 1.265 vs TSE:4645: 0.23

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.

Ichishin Holdings Co's adjusted revenue per share data of for the fiscal year that ended in Feb26 was 円2,293.266. 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1,891.39 for the trailing ten years ended in Feb26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ichishin Holdings Co  (TSE:4645) 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.


Ichishin Holdings Co Cyclically Adjusted PS Ratio Related Terms


Ichishin Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ichishin 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.

Ichishin Holdings Co Cyclically Adjusted PS Ratio Chart

Ichishin Holdings Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.27 0.29 0.23 0.23

Ichishin Holdings Co Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.27 0.23 0.00 0.23

TSE:4645 vs EDU, TAL, LAUR: Cyclically Adjusted PS Ratio Comparison

For the Education & Training Services subindustry, Ichishin 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.


Ichishin Holdings Co Cyclically Adjusted PS Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, Ichishin Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4645
66GF Score
Ichishin Holdings Co Ltd TSE:4645
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ichishin 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.

Ichishin Holdings Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=434.00/1891.39
=0.23

* 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.

Ichishin Holdings Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Feb26 is calculated as:

For example, Ichishin Holdings Co's adjusted Revenue per Share data for the fiscal year that ended in Feb26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb26 (Change)*Current CPI (Feb26)
=2293.266/112.2000*112.2000
=2,293.266

Current CPI (Feb26) = 112.2000.

Ichishin Holdings Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201702 1,520.968 98.100 1,739.578
201802 1,545.715 99.500 1,743.007
201902 1,655.760 99.700 1,863.353
202002 1,599.626 100.300 1,789.412
202102 1,532.997 99.800 1,723.470
202202 1,714.158 100.700 1,909.916
202302 1,710.400 104.000 1,845.258
202402 1,805.677 106.900 1,895.201
202502 2,085.071 110.800 2,111.417
202602 2,293.266 112.200 2,293.266

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 0.23 mean?
Ichishin Holdings Co (TSE:4645) has a Cyclically Adjusted PS Ratio of 0.23 as of Jul. 30, 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 Ichishin Holdings Co and its competitors. This is near median its historical median of 0.25. Over the past decade, Ichishin Holdings Co's Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.32. According to the industry distribution chart, Ichishin Holdings Co ranks #16 out of 162 companies in the Education industry, placing it in the top 9.9%.
Is Ichishin Holdings Co's Cyclically Adjusted PS Ratio too high?
Ichishin Holdings Co's current Cyclically Adjusted PS Ratio of 0.23 is near median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.32. The Education industry median Cyclically Adjusted PS Ratio is 1.27. Ichishin Holdings Co's value of 0.23 is 81.8% below this industry median. Based on the distribution chart, Ichishin Holdings Co ranks #16 out of 162 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Ichishin Holdings Co has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ichishin Holdings Co's Cyclically Adjusted PS Ratio compare to EDU and TAL?
According to the Education industry distribution chart, Ichishin Holdings Co ranks #16 out of 162 companies for Cyclically Adjusted PS Ratio. This places Ichishin Holdings Co in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.27. Ichishin Holdings Co's value of 0.23 is 81.8% below this benchmark. Historically, Ichishin Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.32 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 1.27, Ichishin Holdings Co has consistently been below 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 an Education company?
The median Cyclically Adjusted PS Ratio among Education companies is 1.27, based on 162 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. Ichishin Holdings Co's current Cyclically Adjusted PS Ratio of 0.23 is 81.8% below 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 Ichishin Holdings Co and its competitors. For the Education industry, the median Cyclically Adjusted PS Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichishin Holdings Co's current Cyclically Adjusted PS Ratio is 0.23, which is near median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichishin Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Ichishin Holdings Co (TSE:4645) is currently considered Significantly Undervalued. The stock's GF Value™ is 円638.45, compared to a current price of 円434.00 — trading 32% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.23, which is near median its 10-year median of 0.25 and 81.8% below the Education industry median of 1.27. Ichishin Holdings Co's overall GF Score™ is 66/100 with 3 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 Ichishin Holdings Co (TSE:4645), the current Cyclically Adjusted PS Ratio is 0.23 as of Jul. 30, 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 Ichishin Holdings Co (TSE:4645) Overvalued in 2026?

Based on GuruFocus' analysis, Ichishin Holdings Co stock appears to be undervalued. The current stock price of 円434.00 is trading 32% below its estimated GF Value™ of 円638.45. GuruFocus considers Ichishin Holdings Co to be Significantly Undervalued.

Key valuation signals for TSE:4645:

  • Cyclically Adjusted PS Ratio: 0.23 (near median its 10-year median of 0.25)
  • GF Value™: 円638.45 vs. price of 円434.00 (32% below fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 81.8% below the Education median (#16 of 162)

No single metric tells the full story. See the TSE:4645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ichishin Holdings Co Business Description

Address 2-3-11 Yawata, Chiba, Ichikawa, JPN
Ichishin Holdings Co Ltd is engaged in the education business. It provides curriculum, instruction, and examination materials for elementary and secondary schools. It is also involved in the provision of group tutorial, individual tutorial, and video tutorial services.
66GF Score

Get the complete analysis for TSE:4645

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

円434.00
Price
円638.45
GF Value