Alpha Systems (TSE:4719) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

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.
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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:4719 Alpha Systems Inc TSE:4719
79 GF Score
Price 円3,275.00
GF Value 円3,662.22
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Alpha Systems Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Alpha Systems  (TSE:4719) 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.


Alpha Systems Cyclically Adjusted PS Ratio Related Terms


Alpha Systems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Alpha Systems'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.

Alpha Systems Cyclically Adjusted PS Ratio Chart

Alpha Systems 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 2.14 1.93 1.46 1.35 1.33

Alpha Systems 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 1.47 1.53 1.60 1.32 1.28

TSE:4719 vs CRM, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Alpha Systems'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.


Alpha Systems Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:4719
79GF Score
Alpha Systems Inc TSE:4719
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Alpha Systems 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.

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

For example, Alpha Systems'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)
=721.316/113.6000*113.6000
=721.316

Current CPI (Jun. 2026) = 113.6000.

Alpha Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 442.386 98.000 512.807
201612 422.955 98.400 488.290
201703 518.550 98.100 600.482
201706 437.818 98.500 504.935
201709 467.201 98.800 537.187
201712 455.123 99.400 520.141
201803 510.600 99.200 584.719
201806 459.595 99.200 526.310
201809 512.408 99.900 582.678
201812 496.538 99.700 565.764
201903 557.390 99.700 635.100
201906 484.259 99.800 551.221
201909 550.226 100.100 624.432
201912 536.447 100.500 606.372
202003 624.642 100.300 707.471
202006 493.953 99.900 561.692
202009 538.088 99.900 611.880
202012 534.885 99.300 611.913
202103 663.817 99.900 754.851
202106 568.993 99.500 649.624
202109 585.743 100.100 664.739
202112 605.090 100.100 686.696
202203 653.017 101.100 733.756
202206 608.304 101.800 678.815
202209 630.171 103.100 694.349
202212 638.588 104.100 696.865
202303 655.062 104.400 712.788
202306 604.455 105.200 652.719
202309 652.971 106.200 698.470
202312 654.371 106.800 696.035
202403 679.801 107.200 720.386
202406 633.968 108.200 665.608
202409 658.149 108.900 686.554
202412 687.429 110.700 705.438
202503 761.738 111.100 778.879
202506 683.771 111.700 695.402
202509 710.235 112.000 720.381
202512 733.547 113.000 737.442
202603 773.181 112.700 779.355
202606 721.316 113.600 721.316

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 Alpha Systems (TSE:4719) Overvalued in 2026?

Based on GuruFocus' analysis, Alpha Systems stock appears to be undervalued. The current stock price of 円3,275.00 is trading 10.6% below its estimated GF Value™ of 円3,662.22. GuruFocus considers Alpha Systems to be Modestly Undervalued.

Key valuation signals for TSE:4719:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円3,662.22 vs. price of 円3,275.00 (10.6% below fair value)
  • GF Score™: 79/100 with 1 warning sign

No single metric tells the full story. See the TSE:4719 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alpha Systems Business Description

Other Exchanges AN5:Germany
Address 12th Floor, 2-17-5 Shibuya, Shionogi Shibuya Building, Shibuya-ku, Tokyo, JPN, 150-0002
Alpha Systems Inc engages in software development for telecommunications systems. The company develops software for backbone communication systems, such as node systems, mobile network systems, and network management systems; open systems, including systems for management of production and distribution, and Intranets for corporate information management; and embedded systems to control electronic devices, including home appliances, office automation equipment, industrial machines, and in-vehicle systems. It also provides system integration, system operation and maintenance, and product sales services.
79GF Score

Get the complete analysis for TSE:4719

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

円3,275.00
Price
円3,662.22
GF Value