Business Engineering (TSE:4828) Cyclically Adjusted PS Ratio: 4.22 (As of Aug. 15, 2026) — 159% Above Median

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TSE:4828 Business Engineering Corp TSE:4828
89 GF Score
Price 円1,381.00
GF Value 円1,042.07
Valuation Significantly Overvalued
View Full Analysis

What is Business Engineering Cyclically Adjusted PS Ratio?

Business Engineering TSE:4828 +1.47% 89 Cyclically Adjusted PS Ratio is 4.22 as of Aug. 15, 2026, which is 159% above its 10-year median of 1.63. GuruFocus rates TSE:4828 with a GF Score™ of 89/100 and a GF Value™ of 円1,042.07 (Significantly Overvalued). Among 1,604 Software companies, Business Engineering ranks worse than 72.19% on this metric.

As of today (2026-08-15), Business Engineering's current share price is 円1381.00. Business Engineering's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円327.34. Business Engineering's Cyclically Adjusted PS Ratio for today is 4.22.

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

TSE:4828' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.63   Max: 5.24
Current: 4.16

During the past years, Business Engineering's highest Cyclically Adjusted PS Ratio was 5.24. The lowest was 0.84. And the median was 1.63.

TSE:4828's Cyclically Adjusted PS Ratio is ranked worse than
72.19% of 1604 companies
in the Software industry
Industry Median: 1.67 vs TSE:4828: 4.16

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.

Business Engineering's adjusted revenue per share data for the three months ended in Mar. 2026 was 円98.033. 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327.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Business Engineering  (TSE:4828) 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.


Business Engineering Cyclically Adjusted PS Ratio Related Terms


Business Engineering Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Business Engineering'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.

Business Engineering Cyclically Adjusted PS Ratio Chart

Business Engineering 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 1.56 2.24 2.64 2.39 3.61

Business Engineering 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 3.59 4.02 5.24 3.61 0.00

TSE:4828 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Business Engineering'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.


Business Engineering Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:4828
89GF Score
Business Engineering Corp TSE:4828
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Business Engineering 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.

Business Engineering's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1381.00/327.34
=4.22

* 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.

Business Engineering's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Business Engineering's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=98.033/112.7000*112.7000
=98.033

Current CPI (Mar. 2026) = 112.7000.

Business Engineering Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 48.434 98.100 55.642
201609 54.914 98.000 63.151
201612 57.883 98.400 66.295
201703 60.284 98.100 69.256
201706 47.726 98.500 54.606
201709 57.175 98.800 65.219
201712 52.864 99.400 59.937
201803 67.616 99.200 76.818
201806 60.141 99.200 68.326
201809 69.945 99.900 78.907
201812 65.305 99.700 73.820
201903 73.545 99.700 83.135
201906 75.667 99.800 85.448
201909 72.340 100.100 81.446
201912 77.705 100.500 87.138
202003 75.877 100.300 85.258
202006 77.805 99.900 87.774
202009 74.306 99.900 83.827
202012 74.789 99.300 84.881
202103 72.379 99.900 81.653
202106 67.602 99.500 76.570
202109 80.825 100.100 90.999
202112 73.232 100.100 82.450
202203 75.368 101.100 84.016
202206 73.073 101.800 80.897
202209 74.582 103.100 81.527
202212 81.232 104.100 87.943
202303 79.558 104.400 85.883
202306 78.398 105.200 83.987
202309 85.078 106.200 90.285
202312 79.770 106.800 84.177
202403 81.900 107.200 86.102
202406 84.232 108.200 87.735
202409 84.339 108.900 87.282
202412 86.275 110.700 87.834
202503 92.181 111.100 93.509
202506 100.875 111.700 101.778
202509 104.244 112.000 104.896
202512 105.244 113.000 104.965
202603 98.033 112.700 98.033

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 4.22 mean?
Business Engineering (TSE:4828) has a Cyclically Adjusted PS Ratio of 4.22 as of Aug. 15, 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 Business Engineering and its competitors. This is 159% above median its historical median of 1.63. Over the past decade, Business Engineering's Cyclically Adjusted PS Ratio has ranged from 0.84 to 5.24. According to the industry distribution chart, Business Engineering ranks #1158 out of 1604 companies in the Software industry, placing it in the top 72.2%.
Is Business Engineering's Cyclically Adjusted PS Ratio too high?
Business Engineering's current Cyclically Adjusted PS Ratio of 4.22 is 159% above median its 10-year median of 1.63. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 5.24. The Software industry median Cyclically Adjusted PS Ratio is 1.67. Business Engineering's value of 4.22 is 152.7% above this industry median. Based on the distribution chart, Business Engineering ranks #1158 out of 1604 companies in the Software industry, which is below the industry midpoint. Overall, Business Engineering has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Business Engineering's Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Business Engineering ranks #1158 out of 1604 companies for Cyclically Adjusted PS Ratio. This places Business Engineering in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.67. Business Engineering's value of 4.22 is 152.7% above this benchmark. Historically, Business Engineering's own Cyclically Adjusted PS Ratio has ranged from 0.84 to 5.24 over the past decade. While the company's 10-year median is 1.63 vs. the industry median of 1.67, Business Engineering has consistently been above 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 a Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.67, based on 1,604 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. Business Engineering's current Cyclically Adjusted PS Ratio of 4.22 is 152.7% above 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 Business Engineering and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Business Engineering's current Cyclically Adjusted PS Ratio is 4.22, which is 159% above median its own 10-year median of 1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Business Engineering stock overvalued right now?
Based on GuruFocus' analysis, Business Engineering (TSE:4828) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,042.07, compared to a current price of 円1,381.00 — trading 32.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.22, which is 159% above median its 10-year median of 1.63 and 152.7% above the Software industry median of 1.67. Business Engineering's overall GF Score™ is 89/100. 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 Business Engineering (TSE:4828), the current Cyclically Adjusted PS Ratio is 4.22 as of Aug. 15, 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 Business Engineering (TSE:4828) Overvalued in 2026?

Based on GuruFocus' analysis, Business Engineering stock appears to be overvalued. The current stock price of 円1,381.00 is trading 32.5% above its estimated GF Value™ of 円1,042.07. GuruFocus considers Business Engineering to be Significantly Overvalued.

Key valuation signals for TSE:4828:

  • Cyclically Adjusted PS Ratio: 4.22 (159% above median its 10-year median of 1.63)
  • GF Value™: 円1,042.07 vs. price of 円1,381.00 (32.5% above fair value)
  • GF Score™: 89/100
  • Industry Position: 152.7% above the Software median (#1158 of 1604)

No single metric tells the full story. See the TSE:4828 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Business Engineering Business Description

Address 1-8-1 Otemachi, Chiyoda-ku, KDDI Otemachi Building, Tokyo, JPN, 100-0004
Business Engineering Corp is a Japan-based company engaged in providing enterprise software solutions. The solutions offered by the company include Wide line up solutions, Oracle, Mcframe, Mcframe cloud, Global MES, SAP, Mcframe motion VR learning.
89GF Score

Get the complete analysis for TSE:4828

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

円1,381.00
Price
円1,042.07
GF Value