TOSE Co (TSE:4728) Cyclically Adjusted PS Ratio: 0.81 (As of Sep. 13, 2026) — 21% Below Median

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TSE:4728 TOSE Co Ltd TSE:4728
57 GF Score
Price 円644.00
GF Value 円960.71
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is TOSE Co Cyclically Adjusted PS Ratio?

TOSE Co TSE:4728 -0.92% 57 Cyclically Adjusted PS Ratio is 0.81 as of Sep. 13, 2026, which is 21% below its 10-year median of 1.02. GuruFocus rates TSE:4728 with a GF Score™ of 57/100 and a GF Value™ of 円960.71 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 345 Interactive Media companies, TOSE Co ranks better than 62.61% on this metric.

As of today (2026-09-13), TOSE Co's current share price is 円644.00. TOSE Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was 円794.93. TOSE Co's Cyclically Adjusted PS Ratio for today is 0.81.

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

TSE:4728' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.02   Max: 1.75
Current: 0.81

During the past years, TOSE Co's highest Cyclically Adjusted PS Ratio was 1.75. The lowest was 0.79. And the median was 1.02.

TSE:4728's Cyclically Adjusted PS Ratio is ranked better than
62.61% of 345 companies
in the Interactive Media industry
Industry Median: 1.28 vs TSE:4728: 0.81

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.

TOSE Co's adjusted revenue per share data for the three months ended in Feb. 2026 was 円211.609. 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794.93 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TOSE Co  (TSE:4728) 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.


TOSE Co Cyclically Adjusted PS Ratio Related Terms


TOSE Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TOSE 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.

TOSE Co Cyclically Adjusted PS Ratio Chart

TOSE Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 1.07 0.98 0.86 0.87

TOSE Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.80 0.87 0.80 0.82 0.00

TSE:4728 vs NTES, TTWO, RBLX: Cyclically Adjusted PS Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, TOSE 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.


TOSE Co Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, TOSE Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4728
57GF Score
TOSE Co Ltd TSE:4728
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOSE 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=644.00/794.93
=0.81

* 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.

TOSE Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, TOSE Co's adjusted Revenue per Share data for the three months ended in Feb. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=211.609/112.2000*112.2000
=211.609

Current CPI (Feb. 2026) = 112.2000.

TOSE Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201602 223.098 97.800 255.947
201605 113.500 98.200 129.681
201608 241.854 97.900 277.181
201611 74.904 98.600 85.236
201702 158.247 98.100 180.992
201705 137.060 98.600 155.965
201708 254.933 98.500 290.391
201711 94.703 99.100 107.222
201802 154.523 99.500 174.246
201805 132.358 99.300 149.553
201808 214.401 99.800 241.040
201811 112.523 100.000 126.251
201902 123.726 99.700 139.238
201905 108.805 100.000 122.079
201908 361.131 100.000 405.189
201911 127.412 100.500 142.245
202002 160.530 100.300 179.576
202005 115.289 100.100 129.225
202008 340.241 100.100 381.369
202011 102.163 99.500 115.203
202102 140.340 99.800 157.777
202105 311.547 99.400 351.666
202108 231.860 99.700 260.930
202111 180.809 100.100 202.665
202202 167.255 100.700 186.356
202205 180.360 101.800 198.786
202208 218.635 102.700 238.859
202211 218.322 103.900 235.763
202302 182.412 104.000 196.794
202305 190.079 105.100 202.920
202308 172.097 105.900 182.335
202311 123.611 106.900 129.740
202402 142.021 106.900 149.062
202405 162.224 108.100 168.377
202408 181.039 109.100 186.183
202502 0.000 110.800 0.000
202505 225.371 111.800 226.177
202508 233.914 112.100 234.123
202511 244.753 113.200 242.591
202602 211.609 112.200 211.609

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 0.81 mean?
TOSE Co (TSE:4728) has a Cyclically Adjusted PS Ratio of 0.81 as of Sep. 13, 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 TOSE Co and its competitors. This is 21% below median its historical median of 1.02. Over the past decade, TOSE Co's Cyclically Adjusted PS Ratio has ranged from 0.79 to 1.75. According to the industry distribution chart, TOSE Co ranks #129 out of 345 companies in the Interactive Media industry, placing it in the top 37.4%.
Is TOSE Co's Cyclically Adjusted PS Ratio too high?
TOSE Co's current Cyclically Adjusted PS Ratio of 0.81 is 21% below median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 1.75. The Interactive Media industry median Cyclically Adjusted PS Ratio is 1.28. TOSE Co's value of 0.81 is 36.7% below this industry median. Based on the distribution chart, TOSE Co ranks #129 out of 345 companies in the Interactive Media industry, which is above the industry midpoint. Overall, TOSE Co has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TOSE Co's Cyclically Adjusted PS Ratio compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, TOSE Co ranks #129 out of 345 companies for Cyclically Adjusted PS Ratio. This puts TOSE Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.28. TOSE Co's value of 0.81 is 36.7% below this benchmark. Historically, TOSE Co's own Cyclically Adjusted PS Ratio has ranged from 0.79 to 1.75 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 1.28, TOSE 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 Interactive Media company?
The median Cyclically Adjusted PS Ratio among Interactive Media companies is 1.28, based on 345 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. TOSE Co's current Cyclically Adjusted PS Ratio of 0.81 is 36.7% 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 TOSE Co and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOSE Co's current Cyclically Adjusted PS Ratio is 0.81, which is 21% below median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOSE Co stock overvalued right now?
Based on GuruFocus' analysis, TOSE Co (TSE:4728) is currently considered Significantly Undervalued. The stock's GF Value™ is 円960.71, compared to a current price of 円644.00 — trading 33% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.81, which is 21% below median its 10-year median of 1.02 and 36.7% below the Interactive Media industry median of 1.28. TOSE Co's overall GF Score™ is 57/100 with 1 warning sign 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 TOSE Co (TSE:4728), the current Cyclically Adjusted PS Ratio is 0.81 as of Sep. 13, 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 TOSE Co (TSE:4728) Overvalued in 2026?

Based on GuruFocus' analysis, TOSE Co stock appears to be undervalued. The current stock price of 円644.00 is trading 33% below its estimated GF Value™ of 円960.71. GuruFocus considers TOSE Co to be Significantly Undervalued.

Key valuation signals for TSE:4728:

  • Cyclically Adjusted PS Ratio: 0.81 (21% below median its 10-year median of 1.02)
  • GF Value™: 円960.71 vs. price of 円644.00 (33% below fair value)
  • GF Score™: 57/100 with 1 warning sign
  • Industry Position: 36.7% below the Interactive Media median (#129 of 345)

No single metric tells the full story. See the TSE:4728 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOSE Co Business Description

Address Higasinotoindori Shijo Sagaru, Shimogyo-ku, Kyoto, JPN, 600-8091
TOSE Co Ltd is engaged in the planning, development and operation of game software and mobile contents. It is well known for the development of Nintendo's Mr. Game and Watch Gallery series, as well as working on several other Nintendo products.
57GF Score

Get the complete analysis for TSE:4728

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

円644.00
Price
円960.71
GF Value