EM Systems Co (TSE:4820) Cyclically Adjusted PS Ratio: (As of Aug. 19, 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:4820 EM Systems Co Ltd TSE:4820
84 GF Score
Price 円595.00
GF Value 円554.48
Valuation Fairly Valued
! 4 Warning Signs
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What is EM Systems Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


EM Systems Co  (TSE:4820) 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.


EM Systems Co Cyclically Adjusted PS Ratio Related Terms


EM Systems Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for EM Systems 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.

EM Systems Co Cyclically Adjusted PS Ratio Chart

EM Systems Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.99 4.00 3.19 3.23 3.06

EM Systems Co 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 2.88 2.99 3.06 2.52 0.00

TSE:4820 vs VEEV, BTSG, HQY: Cyclically Adjusted PS Ratio Comparison

For the Health Information Services subindustry, EM Systems 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.


EM Systems Co Cyclically Adjusted PS Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, EM Systems Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4820
84GF Score
EM Systems Co Ltd TSE:4820
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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EM Systems 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.

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

For example, EM Systems Co'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)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

EM Systems Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 49.421 98.000 57.288
201612 46.869 98.400 54.109
201703 53.790 98.100 62.289
201706 43.751 98.500 50.458
201709 52.677 98.800 60.568
201712 50.114 99.400 57.273
201803 49.278 99.200 56.431
201806 44.872 99.200 51.386
201809 48.092 99.900 54.687
201812 42.073 99.700 47.939
201903 49.342 99.700 56.221
201906 46.129 99.800 52.508
201909 53.104 100.100 60.266
201912 45.058 100.500 50.931
202003 51.680 100.300 58.533
202006 40.913 99.900 46.524
202009 47.554 99.900 54.075
202012 46.756 99.300 53.489
202103 46.373 99.900 52.732
202106 47.336 99.500 54.044
202109 51.971 100.100 58.980
202112 56.652 100.100 64.292
202203 55.988 101.100 62.910
202206 58.790 101.800 65.605
202209 60.969 103.100 67.178
202212 62.550 104.100 68.258
202303 68.908 104.400 74.980
202306 69.589 105.200 75.146
202309 75.982 106.200 81.276
202312 72.694 106.800 77.322
202403 78.833 107.200 83.539
202406 76.907 108.200 80.745
202409 96.202 108.900 100.354
202412 100.549 110.700 103.183
202503 96.790 111.100 98.968
202506 78.321 111.700 79.653
202509 85.949 112.000 87.177
202512 79.859 113.000 80.283
202603 72.496 112.700 73.075
202606 0.000 113.600 0.000

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 EM Systems Co (TSE:4820) Overvalued in 2026?

Based on GuruFocus' analysis, EM Systems Co stock appears to be overvalued. The current stock price of 円595.00 is trading 7.3% above its estimated GF Value™ of 円554.48. GuruFocus considers EM Systems Co to be Fairly Valued.

Key valuation signals for TSE:4820:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円554.48 vs. price of 円595.00 (7.3% above fair value)
  • GF Score™: 84/100 with 4 warning signs

No single metric tells the full story. See the TSE:4820 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


EM Systems Co Business Description

Address 6-1, Miyahara 1-chome, Yodogawa-ku, Osaka, JPN, 532-0003
EM Systems Co Ltd is a Japan-based company that develops, sells, and maintains systems for the medical (clinics and insurance pharmacies) and nursing/welfare industries. It operates its business in three divisions: Pharmacy System Business develops and sells systems for pharmacies, and provides related supplies and maintenance services; Medical system involved in the development and sales of medical office administration computer systems for medical institutions and clinics; Nursing Care/Welfare Systems Business products are systems for nursing care/welfare service providers and medical and nursing care collaboration solutions; Other businesses operates through its subsidiray that provides promotes cashless payments for clinics and pharmacies and Others services.
84GF Score

Get the complete analysis for TSE:4820

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

円595.00
Price
円554.48
GF Value