Shiseido Co (TSE:4911) Cyclically Adjusted PS Ratio: (As of Aug. 07, 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:4911 Shiseido Co Ltd TSE:4911
60 GF Score
Price 円3,391.00
GF Value 円2,477.36
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Shiseido Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shiseido Co  (TSE:4911) 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.


Shiseido Co Cyclically Adjusted PS Ratio Related Terms


Shiseido Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shiseido 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.

Shiseido Co Cyclically Adjusted PS Ratio Chart

Shiseido Co 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 2.74 2.57 1.62 1.01 0.82

Shiseido 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 0.93 0.91 0.82 1.16 0.00

TSE:4911 vs PG, CL, KVUE: Cyclically Adjusted PS Ratio Comparison

For the Household & Personal Products subindustry, Shiseido 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.


Shiseido Co Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shiseido Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4911
60GF Score
Shiseido Co Ltd TSE:4911
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shiseido 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.

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

For example, Shiseido 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.

Shiseido Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 526.496 98.000 610.306
201612 569.144 98.400 657.061
201703 581.350 98.100 673.204
201706 599.108 98.500 690.951
201709 648.516 98.800 745.662
201712 685.441 99.400 783.361
201803 659.354 99.200 755.067
201806 672.305 99.200 769.898
201809 683.250 99.900 776.949
201812 723.109 99.700 823.924
201903 684.433 99.700 779.855
201906 727.936 99.800 828.592
201909 705.301 100.100 800.422
201912 712.501 100.500 805.374
202003 568.014 100.300 643.334
202006 477.945 99.900 543.489
202009 590.455 99.900 671.428
202012 668.926 99.300 765.257
202103 593.253 99.900 674.610
202106 646.792 99.500 738.448
202109 582.923 100.100 661.539
202112 704.164 100.100 799.131
202203 585.315 101.100 657.683
202206 648.727 101.800 723.923
202209 673.657 103.100 742.264
202212 761.869 104.100 831.396
202303 600.275 104.400 653.173
202306 635.708 105.200 686.468
202309 570.747 106.200 610.517
202312 626.767 106.800 666.674
202403 624.163 107.200 661.426
202406 647.905 108.200 680.240
202409 536.965 108.900 560.140
202412 670.301 110.700 687.861
202503 571.531 111.100 584.392
202506 604.545 111.700 614.828
202509 560.691 112.000 568.701
202512 691.326 113.000 694.997
202603 580.242 112.700 584.876
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 Shiseido Co (TSE:4911) Overvalued in 2026?

Based on GuruFocus' analysis, Shiseido Co stock appears to be overvalued. The current stock price of 円3,391.00 is trading 36.9% above its estimated GF Value™ of 円2,477.36. GuruFocus considers Shiseido Co to be Significantly Overvalued.

Key valuation signals for TSE:4911:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円2,477.36 vs. price of 円3,391.00 (36.9% above fair value)
  • GF Score™: 60/100 with 9 warning signs

No single metric tells the full story. See the TSE:4911 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shiseido Co Business Description

Address 5-5 Ginza 7-chome, Chuo-ku, Tokyo, JPN, 104-0061
Shiseido is a leading Japanese cosmetics manufacturer focused in the prestige and premium categories. Founded in 1872, it was the first Western-style pharmacy in Ginza, Tokyo, and is one of the oldest cosmetics companies globally. Shiseido's suite of 31 brands, which include its namesake brand, Clé de Peau Beauté, and NARS, had a 10.2% share of Japan's beauty and personal care market in 2024 according to Euromonitor. It is also ranked in the top 4-5 globally, with around 7% to 8% market share in premium and prestige color cosmetics and skincare. In terms of revenue, Japan and China, which include travel retail, are the two key markets making up 65% of group revenue in 2025.
60GF Score

Get the complete analysis for TSE:4911

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

円3,391.00
Price
円2,477.36
GF Value