Shiseido Co (TSE:4911) Cyclically Adjusted PS Ratio: 1.23 (As of Sep. 04, 2026) — 50% Below Median

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TSE:4911 Shiseido Co Ltd TSE:4911
61 GF Score
Price 円3,424.00
GF Value 円3,151.29
Valuation Fairly Valued
! 8 Warning Signs
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What is Shiseido Co Cyclically Adjusted PS Ratio?

Shiseido Co TSE:4911 -1.69% 61 Cyclically Adjusted PS Ratio is 1.23 as of Sep. 04, 2026, which is 50% below its 10-year median of 2.45. GuruFocus rates TSE:4911 with a GF Score™ of 61/100 and a GF Value™ of 円3,151.29 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,445 Consumer Packaged Goods companies, Shiseido Co ranks worse than 66.57% on this metric.

As of today (2026-09-04), Shiseido Co's current share price is 円3424.00. Shiseido Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was 円2,787.55. Shiseido Co's Cyclically Adjusted PS Ratio for today is 1.23.

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

TSE:4911' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.79   Med: 2.45   Max: 4.55
Current: 1.35

During the past years, Shiseido Co's highest Cyclically Adjusted PS Ratio was 4.55. The lowest was 0.79. And the median was 2.45.

TSE:4911's Cyclically Adjusted PS Ratio is ranked worse than
66.57% of 1445 companies
in the Consumer Packaged Goods industry
Industry Median: 0.77 vs TSE:4911: 1.35

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.

Shiseido Co's adjusted revenue per share data for the three months ended in Jun. 2026 was 円668.035. 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2,787.55 for the trailing ten years ended in Jun. 2026.

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 0.94

TSE:4911 vs PG, CL, EL: 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
61GF Score
Shiseido Co Ltd TSE:4911
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3424.00/2787.55
=1.23

* 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'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)
=668.035/113.6000*113.6000
=668.035

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 668.035 113.600 668.035

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 1.23 mean?
Shiseido Co (TSE:4911) has a Cyclically Adjusted PS Ratio of 1.23 as of Sep. 04, 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 Shiseido Co and its competitors. This is 50% below median its historical median of 2.45. Over the past decade, Shiseido Co's Cyclically Adjusted PS Ratio has ranged from 0.79 to 4.55. According to the industry distribution chart, Shiseido Co ranks #962 out of 1445 companies in the Consumer Packaged Goods industry, placing it in the top 66.6%.
Is Shiseido Co's Cyclically Adjusted PS Ratio too high?
Shiseido Co's current Cyclically Adjusted PS Ratio of 1.23 is 50% below median its 10-year median of 2.45. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 4.55. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.77. Shiseido Co's value of 1.23 is 59.7% above this industry median. Based on the distribution chart, Shiseido Co ranks #962 out of 1445 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Shiseido Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shiseido Co's Cyclically Adjusted PS Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Shiseido Co ranks #962 out of 1445 companies for Cyclically Adjusted PS Ratio. This places Shiseido Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. Shiseido Co's value of 1.23 is 59.7% above this benchmark. Historically, Shiseido Co's own Cyclically Adjusted PS Ratio has ranged from 0.79 to 4.55 over the past decade. While the company's 10-year median is 2.45 vs. the industry median of 0.77, Shiseido Co 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.77, based on 1,445 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. Shiseido Co's current Cyclically Adjusted PS Ratio of 1.23 is 59.7% 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 Shiseido Co and its competitors. For the Consumer Packaged Goods 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. Shiseido Co's current Cyclically Adjusted PS Ratio is 1.23, which is 50% below median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shiseido Co stock overvalued right now?
Based on GuruFocus' analysis, Shiseido Co (TSE:4911) is currently considered Fairly Valued. The stock's GF Value™ is 円3,151.29, compared to a current price of 円3,424.00 — trading 8.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.23, which is 50% below median its 10-year median of 2.45 and 59.7% above the Consumer Packaged Goods industry median of 0.77. Shiseido Co's overall GF Score™ is 61/100 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 Shiseido Co (TSE:4911), the current Cyclically Adjusted PS Ratio is 1.23 as of Sep. 04, 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 Shiseido Co (TSE:4911) Overvalued in 2026?

Based on GuruFocus' analysis, Shiseido Co stock appears to be overvalued. The current stock price of 円3,424.00 is trading 8.7% above its estimated GF Value™ of 円3,151.29. GuruFocus considers Shiseido Co to be Fairly Valued.

Key valuation signals for TSE:4911:

  • Cyclically Adjusted PS Ratio: 1.23 (50% below median its 10-year median of 2.45)
  • GF Value™: 円3,151.29 vs. price of 円3,424.00 (8.7% above fair value)
  • GF Score™: 61/100 with 8 warning signs
  • Industry Position: 59.7% above the Consumer Packaged Goods median (#962 of 1445)

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.
61GF 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3,424.00
Price
円3,151.29
GF Value