FUJIFILM Holdings (TSE:4901) Cyclically Adjusted PS Ratio: 1.61 (As of Aug. 03, 2026) — 34% Above Median

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TSE:4901 FUJIFILM Holdings Corp TSE:4901
84 GF Score
Price 円3,772.00
GF Value 円3,629.04
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is FUJIFILM Holdings Cyclically Adjusted PS Ratio?

FUJIFILM Holdings TSE:4901 -1.54% 84 Cyclically Adjusted PS Ratio is 1.61 as of Aug. 03, 2026, which is 34% above its 10-year median of 1.20. GuruFocus rates TSE:4901 with a GF Score™ of 84/100 and a GF Value™ of 円3,629.04 (Fairly Valued). The stock has 8 warning signs investors should review. Among 471 Conglomerates companies, FUJIFILM Holdings ranks worse than 71.34% on this metric.

As of today (2026-08-03), FUJIFILM Holdings's current share price is 円3772.00. FUJIFILM Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,342.53. FUJIFILM Holdings's Cyclically Adjusted PS Ratio for today is 1.61.

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

TSE:4901' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.2   Max: 1.84
Current: 1.61

During the past years, FUJIFILM Holdings's highest Cyclically Adjusted PS Ratio was 1.84. The lowest was 0.74. And the median was 1.20.

TSE:4901's Cyclically Adjusted PS Ratio is ranked worse than
71.34% of 471 companies
in the Conglomerates industry
Industry Median: 0.77 vs TSE:4901: 1.61

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.

FUJIFILM Holdings's adjusted revenue per share data for the three months ended in Mar. 2026 was 円769.711. 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2,342.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


FUJIFILM Holdings  (TSE:4901) 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.


FUJIFILM Holdings Cyclically Adjusted PS Ratio Related Terms


FUJIFILM Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for FUJIFILM Holdings'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.

FUJIFILM Holdings Cyclically Adjusted PS Ratio Chart

FUJIFILM Holdings 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 1.36 1.13 1.62 1.27 1.27

FUJIFILM Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.27 1.39 1.61 1.44 1.27

TSE:4901 vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, FUJIFILM Holdings'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.


FUJIFILM Holdings Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, FUJIFILM Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4901
84GF Score
FUJIFILM Holdings Corp TSE:4901
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FUJIFILM Holdings 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.

FUJIFILM Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3772.00/2342.53
=1.61

* 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.

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

For example, FUJIFILM Holdings'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)
=769.711/112.7000*112.7000
=769.711

Current CPI (Mar. 2026) = 112.7000.

FUJIFILM Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 402.483 98.100 462.384
201609 421.022 98.000 484.175
201612 437.405 98.400 500.971
201703 477.949 98.100 549.081
201706 433.585 98.500 496.092
201709 467.696 98.800 533.495
201712 472.463 99.400 535.680
201803 480.279 99.200 545.640
201806 436.266 99.200 495.637
201809 470.822 99.900 531.148
201812 496.137 99.700 560.829
201903 487.821 99.700 551.429
201906 434.592 99.800 490.767
201909 484.458 100.100 545.439
201912 483.968 100.500 542.718
202003 481.573 100.300 541.109
202006 379.230 99.900 427.820
202009 449.698 99.900 507.317
202012 478.655 99.300 543.247
202103 514.350 99.900 580.253
202106 483.992 99.500 548.200
202109 517.104 100.100 582.194
202112 544.426 100.100 612.955
202203 552.327 101.100 615.700
202206 519.790 101.800 575.445
202209 601.356 103.100 657.350
202212 617.733 104.100 668.766
202303 635.573 104.400 686.102
202306 548.733 105.200 587.854
202309 604.275 106.200 641.260
202312 636.230 106.800 671.378
202403 668.986 107.200 703.309
202406 556.982 108.200 580.147
202409 635.573 108.900 657.751
202412 674.607 110.700 686.795
202503 720.889 111.100 731.271
202506 621.560 111.700 627.125
202509 683.082 112.000 687.351
202512 711.322 113.000 709.434
202603 769.711 112.700 769.711

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 1.61 mean?
FUJIFILM Holdings (TSE:4901) has a Cyclically Adjusted PS Ratio of 1.61 as of Aug. 03, 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 FUJIFILM Holdings and its competitors. This is 34% above median its historical median of 1.20. Over the past decade, FUJIFILM Holdings' Cyclically Adjusted PS Ratio has ranged from 0.74 to 1.84. According to the industry distribution chart, FUJIFILM Holdings ranks #336 out of 471 companies in the Conglomerates industry, placing it in the top 71.3%.
Is FUJIFILM Holdings' Cyclically Adjusted PS Ratio too high?
FUJIFILM Holdings' current Cyclically Adjusted PS Ratio of 1.61 is 34% above median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.84. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.77. FUJIFILM Holdings' value of 1.61 is 109.1% above this industry median. Based on the distribution chart, FUJIFILM Holdings ranks #336 out of 471 companies in the Conglomerates industry, which is below the industry midpoint. Overall, FUJIFILM Holdings has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FUJIFILM Holdings' Cyclically Adjusted PS Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, FUJIFILM Holdings ranks #336 out of 471 companies for Cyclically Adjusted PS Ratio. This places FUJIFILM Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. FUJIFILM Holdings' value of 1.61 is 109.1% above this benchmark. Historically, FUJIFILM Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.74 to 1.84 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 0.77, FUJIFILM Holdings 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.77, based on 471 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. FUJIFILM Holdings's current Cyclically Adjusted PS Ratio of 1.61 is 109.1% 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 FUJIFILM Holdings and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FUJIFILM Holdings's current Cyclically Adjusted PS Ratio is 1.61, which is 34% above median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FUJIFILM Holdings stock overvalued right now?
Based on GuruFocus' analysis, FUJIFILM Holdings (TSE:4901) is currently considered Fairly Valued. The stock's GF Value™ is 円3,629.04, compared to a current price of 円3,772.00 — trading 3.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.61, which is 34% above median its 10-year median of 1.20 and 109.1% above the Conglomerates industry median of 0.77. FUJIFILM Holdings' overall GF Score™ is 84/100 with 8 warning signs to review. 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 FUJIFILM Holdings (TSE:4901), the current Cyclically Adjusted PS Ratio is 1.61 as of Aug. 03, 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 FUJIFILM Holdings (TSE:4901) Overvalued in 2026?

Based on GuruFocus' analysis, FUJIFILM Holdings stock appears to be overvalued. The current stock price of 円3,772.00 is trading 3.9% above its estimated GF Value™ of 円3,629.04. GuruFocus considers FUJIFILM Holdings to be Fairly Valued.

Key valuation signals for TSE:4901:

  • Cyclically Adjusted PS Ratio: 1.61 (34% above median its 10-year median of 1.20)
  • GF Value™: 円3,629.04 vs. price of 円3,772.00 (3.9% above fair value)
  • GF Score™: 84/100 with 8 warning signs
  • Industry Position: 109.1% above the Conglomerates median (#336 of 471)

No single metric tells the full story. See the TSE:4901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FUJIFILM Holdings Business Description

Address 7-3, Akasaka 9-chome, Minato-ku, Tokyo, JPN, 107-0052
FUJIFILM Holdings Corp offers products and services used in photo development and film and photo taking processes. The company produces color films and single use cameras, color paper and chemicals, photofinishing equipment, film and photo processing services, electronic imaging such as digital cameras, optical devices such as camera modules for mobile phones, TV camera lenses and cine lenses, x-ray imaging systems and films, inkjet printers, flat panel materials, recording storage mediums such as data cartridges and videotape products, and office products such as office printers.
84GF Score

Get the complete analysis for TSE:4901

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

円3,772.00
Price
円3,629.04
GF Value