Scala (TSE:4845) Cyclically Adjusted PS Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:4845 Scala Inc TSE:4845
52 GF Score
Price 円342.00
GF Value 円350.10
Valuation Fairly Valued
! 4 Warning Signs
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What is Scala Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Scala  (TSE:4845) 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.


Scala Cyclically Adjusted PS Ratio Related Terms


Scala Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Scala'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.

Scala Cyclically Adjusted PS Ratio Chart

Scala Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.78 1.51 1.36 1.15 0.62

Scala Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.66 0.62 0.63 0.00 0.00

TSE:4845 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Scala'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.


Scala Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:4845
52GF Score
Scala Inc TSE:4845
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Scala 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.

Scala's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Scala's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0/113.0000*113.0000
=0.000

Current CPI (Dec. 2025) = 113.0000.

Scala Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 46.288 98.100 53.318
201603 56.660 97.900 65.399
201606 37.502 98.100 43.198
201609 149.078 98.000 171.896
201612 160.807 98.400 184.667
201703 162.266 98.100 186.912
201706 151.664 98.500 173.990
201709 166.064 98.800 189.931
201712 260.592 99.400 296.246
201803 183.674 99.200 209.225
201806 219.928 99.200 250.523
201809 228.687 99.900 258.675
201812 258.607 99.700 293.105
201903 255.684 99.700 289.792
201906 251.550 99.800 284.821
201909 236.425 100.100 266.893
201912 102.755 100.500 115.535
202003 107.023 100.300 120.574
202006 118.987 99.900 134.590
202009 125.219 99.900 141.639
202012 117.004 99.300 133.147
202103 130.303 99.900 147.390
202106 119.650 99.500 135.884
202109 118.756 100.100 134.060
202112 122.227 100.100 137.979
202203 137.653 101.100 153.855
202206 162.293 101.800 180.148
202209 169.274 103.100 185.528
202212 195.005 104.100 211.677
202303 184.479 104.400 199.676
202306 144.949 105.200 155.696
202309 160.856 106.200 171.156
202312 167.104 106.800 176.805
202403 167.989 107.200 177.078
202406 -10.558 108.200 -11.026
202412 0.000 110.700 0.000
202503 177.560 111.100 180.597
202506 52.929 111.700 53.545
202509 107.330 112.000 108.288
202512 0.000 113.000 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 Scala (TSE:4845) Overvalued in 2026?

Based on GuruFocus' analysis, Scala stock appears to be undervalued. The current stock price of 円342.00 is trading 2.3% below its estimated GF Value™ of 円350.10. GuruFocus considers Scala to be Fairly Valued.

Key valuation signals for TSE:4845:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円350.10 vs. price of 円342.00 (2.3% below fair value)
  • GF Score™: 52/100 with 4 warning signs

No single metric tells the full story. See the TSE:4845 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Scala Business Description

Address MK Building 3rd Floor, 3-3-2 Shibuya, Shibuya-ku, Tokoyo, JPN
Scala Inc is engaged in development, sales, and maintenance of SaaS and ASP related business software products. The company offers web services that supports corporate sites and EC sites using automatic voice response technologies.
52GF Score

Get the complete analysis for TSE:4845

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

円342.00
Price
円350.10
GF Value