Justsystems (TSE:4686) 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:4686 Justsystems Corp TSE:4686
77 GF Score
Price 円4,345.00
GF Value 円4,201.25
Valuation Fairly Valued
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What is Justsystems Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Justsystems  (TSE:4686) 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.


Justsystems Cyclically Adjusted PS Ratio Related Terms


Justsystems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Justsystems'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.

Justsystems Cyclically Adjusted PS Ratio Chart

Justsystems 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 14.11 7.56 5.19 5.93 5.59

Justsystems 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 6.29 7.99 8.18 5.56 5.68

TSE:4686 vs MSFT, PLTR, ORCL: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, Justsystems'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.


Justsystems Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Justsystems's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4686
77GF Score
Justsystems Corp TSE:4686
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Justsystems 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.

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

For example, Justsystems'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)
=198.307/113.6000*113.6000
=198.307

Current CPI (Jun. 2026) = 113.6000.

Justsystems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 82.722 98.000 95.890
201612 64.999 98.400 75.039
201703 101.453 98.100 117.483
201706 82.398 98.500 95.030
201709 99.866 98.800 114.826
201712 75.650 99.400 86.457
201803 103.613 99.200 118.654
201806 104.532 99.200 119.706
201809 116.839 99.900 132.862
201812 96.965 99.700 110.484
201903 127.706 99.700 145.511
201906 147.259 99.800 167.621
201909 154.373 100.100 175.193
201912 122.022 100.500 137.927
202003 144.729 100.300 163.920
202006 163.879 99.900 186.353
202009 166.931 99.900 189.823
202012 142.392 99.300 162.898
202103 167.897 99.900 190.922
202106 159.489 99.500 182.090
202109 169.952 100.100 192.873
202112 155.892 100.100 176.916
202203 163.584 101.100 183.810
202206 161.606 101.800 180.338
202209 166.885 103.100 183.881
202212 156.328 104.100 170.594
202303 168.364 104.400 183.201
202306 157.807 105.200 170.408
202309 169.034 106.200 180.812
202312 150.349 106.800 159.922
202403 160.968 107.200 170.578
202406 168.925 108.200 177.356
202409 175.106 108.900 182.663
202412 169.392 110.700 173.830
202503 180.260 111.100 184.316
202506 200.253 111.700 203.659
202509 203.818 112.000 206.730
202512 195.722 113.000 196.761
202603 202.324 112.700 203.940
202606 198.307 113.600 198.307

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 Justsystems (TSE:4686) Overvalued in 2026?

Based on GuruFocus' analysis, Justsystems stock appears to be overvalued. The current stock price of 円4,345.00 is trading 3.4% above its estimated GF Value™ of 円4,201.25. GuruFocus considers Justsystems to be Fairly Valued.

Key valuation signals for TSE:4686:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円4,201.25 vs. price of 円4,345.00 (3.4% above fair value)
  • GF Score™: 77/100

No single metric tells the full story. See the TSE:4686 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Justsystems Business Description

Other Exchanges JSY:Germany
Address Nishi-Shinjuku 6-8-1 Shinjuku-ku, Shinjuku Oak Tower, Tokyo, JPN, 163-6017
Justsystems Corp is a global software provider based in Japan. It provides service of user Interface customization, output customization. The company's products include XMetaL Author which brings automation to the process of content creation; XMAX, which is an embeddable ActiveX component designed for developers to integrate into custom environments; and XMetaL Developer, which is a tool for fast configuration of XML content authoring solutions that combines development tools in a robust and flexible Integrated Development Environment (IDE). The company also provides engineering services and training services.
77GF Score

Get the complete analysis for TSE:4686

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

円4,345.00
Price
円4,201.25
GF Value