Rakuten Group (TSE:4755) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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:4755 Rakuten Group Inc TSE:4755
57 GF Score
Price 円708.30
GF Value 円942.20
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Rakuten Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Rakuten Group  (TSE:4755) 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.


Rakuten Group Cyclically Adjusted PS Ratio Related Terms


Rakuten Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Rakuten Group'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.

Rakuten Group Cyclically Adjusted PS Ratio Chart

Rakuten Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.68 0.74 0.71 0.88 0.96

Rakuten Group 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 0.79 0.93 0.95 0.68 0.69

TSE:4755 vs AMZN, BABA, PDD: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, Rakuten Group'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.


Rakuten Group Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Rakuten Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4755
57GF Score
Rakuten Group Inc TSE:4755
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rakuten Group 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.

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

For example, Rakuten Group'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)
=305.093/113.6000*113.6000
=305.093

Current CPI (Jun. 2026) = 113.6000.

Rakuten Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 132.658 98.000 153.775
201612 156.027 98.400 180.129
201703 148.338 98.100 171.776
201706 162.525 98.500 187.440
201709 171.798 98.800 197.533
201712 194.620 99.400 222.423
201803 178.119 99.200 203.975
201806 198.953 99.200 227.833
201809 204.441 99.900 232.477
201812 226.888 99.700 258.520
201903 204.930 99.700 233.501
201906 226.363 99.800 257.664
201909 235.558 100.100 267.327
201912 264.215 100.500 298.655
202003 244.285 100.300 276.678
202006 251.096 99.900 285.531
202009 265.666 99.900 302.099
202012 304.940 99.300 348.854
202103 285.986 99.900 325.205
202106 254.962 99.500 291.092
202109 257.635 100.100 292.381
202112 304.343 100.100 345.388
202203 274.872 101.100 308.857
202206 285.743 101.800 318.864
202209 296.565 103.100 326.768
202212 353.407 104.100 385.658
202303 298.888 104.400 325.227
202306 279.430 105.200 301.742
202309 242.318 106.200 259.203
202312 270.899 106.800 288.147
202403 239.657 107.200 253.965
202406 250.248 108.200 262.737
202409 263.566 108.900 274.941
202412 307.154 110.700 315.200
202503 261.007 111.100 266.880
202506 275.737 111.700 280.427
202509 290.188 112.000 294.334
202512 326.850 113.000 328.585
202603 296.345 112.700 298.712
202606 305.093 113.600 305.093

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 Rakuten Group (TSE:4755) Overvalued in 2026?

Based on GuruFocus' analysis, Rakuten Group stock appears to be undervalued. The current stock price of 円708.30 is trading 24.8% below its estimated GF Value™ of 円942.20. GuruFocus considers Rakuten Group to be Modestly Undervalued.

Key valuation signals for TSE:4755:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円942.20 vs. price of 円708.30 (24.8% below fair value)
  • GF Score™: 57/100 with 5 warning signs

No single metric tells the full story. See the TSE:4755 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rakuten Group Business Description

Address 1-14-1 Tamagawa, Rakuten Crimson House, Setagaya-ku, Tokyo, JPN, 158-0094
Rakuten is a leading e-commerce and financial technology service provider in Japan. It has built up a comprehensive Rakuten ecosystem in Japan, including Rakuten Ichiba for e-commerce, Rakuten Travel, Rakuten Card, Rakuten Bank, and Rakuten Securities, and became the fourth mobile network operator in Japan in April 2020. The loyalty program, Rakuten Super Points, has encouraged cross-use of services in its ecosystem. About 90% of its revenue is generated from the Japanese market.
57GF Score

Get the complete analysis for TSE:4755

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

円708.30
Price
円942.20
GF Value