BML (TSE:4694) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

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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:4694 BML Inc TSE:4694
68 GF Score
Price 円3,670.00
GF Value 円3,296.41
Valuation Modestly Overvalued
! 2 Warning Signs
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What is BML Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BML  (TSE:4694) 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.


BML Cyclically Adjusted PS Ratio Related Terms


BML Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BML'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.

BML Cyclically Adjusted PS Ratio Chart

BML 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 1.06 0.97 0.87 0.85 1.09

BML 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 0.92 1.01 1.04 1.09 0.95

TSE:4694 vs TMO, DHR, NTRA: Cyclically Adjusted PS Ratio Comparison

For the Diagnostics & Research subindustry, BML'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.


BML Cyclically Adjusted PS Ratio vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, BML's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4694
68GF Score
BML Inc TSE:4694
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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BML 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.

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

For example, BML'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)
=1041.354/113.6000*113.6000
=1,041.354

Current CPI (Jun. 2026) = 113.6000.

BML Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 658.401 98.000 763.208
201612 663.259 98.400 765.714
201703 619.930 98.100 717.880
201706 680.877 98.500 785.255
201709 677.336 98.800 778.799
201712 674.842 99.400 771.248
201803 628.586 99.200 719.832
201806 701.137 99.200 802.915
201809 677.440 99.900 770.342
201812 710.753 99.700 809.845
201903 656.699 99.700 748.255
201906 723.073 99.800 823.057
201909 728.101 100.100 826.296
201912 725.341 100.500 819.888
202003 686.209 100.300 777.202
202006 641.989 99.900 730.030
202009 829.037 99.900 942.729
202012 945.493 99.300 1,081.652
202103 990.260 99.900 1,126.061
202106 1,157.573 99.500 1,321.611
202109 1,194.696 100.100 1,355.819
202112 1,011.110 100.100 1,147.473
202203 1,226.851 101.100 1,378.539
202206 1,021.055 101.800 1,139.409
202209 1,098.164 103.100 1,210.004
202212 1,024.016 104.100 1,117.466
202303 906.359 104.400 986.230
202306 904.567 105.200 976.795
202309 893.401 106.200 955.653
202312 900.156 106.800 957.469
202403 839.613 107.200 889.739
202406 912.987 108.200 958.552
202409 916.737 108.900 956.302
202412 953.838 110.700 978.826
202503 886.114 111.100 906.054
202506 974.748 111.700 991.328
202509 982.885 112.000 996.926
202512 1,031.078 113.000 1,036.553
202603 954.738 112.700 962.362
202606 1,041.354 113.600 1,041.354

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 BML (TSE:4694) Overvalued in 2026?

Based on GuruFocus' analysis, BML stock appears to be overvalued. The current stock price of 円3,670.00 is trading 11.3% above its estimated GF Value™ of 円3,296.41. GuruFocus considers BML to be Modestly Overvalued.

Key valuation signals for TSE:4694:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円3,296.41 vs. price of 円3,670.00 (11.3% above fair value)
  • GF Score™: 68/100 with 2 warning signs

No single metric tells the full story. See the TSE:4694 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BML Business Description

Address 5-21-3 Sendagaya, Shibuya-ku, Tokyo, JPN, 1510051
BML Inc provides laboratory testing services in Japan through a network of regional facilities. Its core clinical testing business provides a range of general and specialty laboratory tests, as well as microbiological tests that can be used for applications like food sanitation and environmental analysis. BML often uses automated systems to process and analyze these test samples. In addition to its clinical testing business, BML also has a medical information systems business and a genome-related business. The medical information systems business provides electronic medical charts and information systems that can be used in conjunction with its laboratory tests. The genome business provides gene analysis services.
68GF Score

Get the complete analysis for TSE:4694

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

円3,670.00
Price
円3,296.41
GF Value