Otsuka (TSE:4768) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:4768 Otsuka Corp TSE:4768
86 GF Score
Price 円3,646.00
GF Value 円4,092.76
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Otsuka Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Otsuka  (TSE:4768) 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.


Otsuka Cyclically Adjusted PS Ratio Related Terms


Otsuka Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Otsuka'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.

Otsuka Cyclically Adjusted PS Ratio Chart

Otsuka 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 1.47 1.03 1.35 1.54 1.26

Otsuka 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 1.16 1.19 1.22 1.13 1.01

TSE:4768 vs IBM, ACN, CTSH: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Otsuka'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.


Otsuka Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:4768
86GF Score
Otsuka Corp TSE:4768
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Otsuka 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.

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

For example, Otsuka'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)
=1088.459/113.6000*113.6000
=1,088.459

Current CPI (Jun. 2026) = 113.6000.

Otsuka Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 380.363 98.000 440.911
201612 423.712 98.400 489.163
201703 475.417 98.100 550.534
201706 467.578 98.500 539.257
201709 419.150 98.800 481.938
201712 460.539 99.400 526.330
201803 504.283 99.200 577.485
201806 523.831 99.200 599.871
201809 464.823 99.900 528.567
201812 510.928 99.700 582.161
201903 576.687 99.700 657.088
201906 610.421 99.800 694.828
201909 1,144.212 100.100 1,298.526
201912 578.683 100.500 654.113
202003 591.582 100.300 670.027
202006 550.139 99.900 625.583
202009 496.500 99.900 564.589
202012 567.259 99.300 648.949
202103 631.194 99.900 717.754
202106 599.350 99.500 684.283
202109 489.240 100.100 555.221
202112 526.758 100.100 597.799
202203 553.977 101.100 622.471
202206 620.426 101.800 692.342
202209 519.150 103.100 572.022
202212 577.062 104.100 629.724
202303 639.788 104.400 696.168
202306 734.297 105.200 792.929
202309 577.534 106.200 617.776
202312 625.820 106.800 665.666
202403 703.226 107.200 745.210
202406 799.201 108.200 839.087
202409 665.979 108.900 694.722
202412 752.651 110.700 772.368
202503 832.120 111.100 850.845
202506 1,001.028 111.700 1,018.055
202509 819.056 112.000 830.757
202512 836.158 113.000 840.598
202603 909.156 112.700 916.416
202606 1,088.459 113.600 1,088.459

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 Otsuka (TSE:4768) Overvalued in 2026?

Based on GuruFocus' analysis, Otsuka stock appears to be undervalued. The current stock price of 円3,646.00 is trading 10.9% below its estimated GF Value™ of 円4,092.76. GuruFocus considers Otsuka to be Modestly Undervalued.

Key valuation signals for TSE:4768:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円4,092.76 vs. price of 円3,646.00 (10.9% below fair value)
  • GF Score™: 86/100 with 5 warning signs

No single metric tells the full story. See the TSE:4768 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Otsuka Business Description

Other Exchanges OTK:Germany
Address 2-18-4 Iidabashi, Chiyoda-ku, Tokyo, JPN, 102-8573
Otsuka is Japan's leading one-stop provider of IT solutions and office supplies, primarily targeting small and midsize enterprises. The System Integration business sells and integrates everything from PCs and servers to the proprietary "Smile" ERP system. This is complemented by the Service & Support business, featuring the "Tanomail" office-supply mail-order service and "Tayoreru" maintenance contracts. Operating through a dense nationwide network, Otsuka functions as the outsourced IT department for companies that lack one, providing a single, trusted point of contact for all technology and office needs.
86GF Score

Get the complete analysis for TSE:4768

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

円3,646.00
Price
円4,092.76
GF Value