Milbon Co (TSE:4919) Cyclically Adjusted PS Ratio: (As of Sep. 02, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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TSE:4919 Milbon Co Ltd TSE:4919
82 GF Score
Price 円3,210.00
GF Value 円2,803.27
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Milbon Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Milbon Co  (TSE:4919) 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.


Milbon Co Cyclically Adjusted PS Ratio Related Terms


Milbon Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Milbon 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.

Milbon Co Cyclically Adjusted PS Ratio Chart

Milbon 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 5.95 5.37 3.19 2.75 1.78

Milbon 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 1.84 1.85 1.78 1.95 0.00

TSE:4919 vs PG, CL, EL: Cyclically Adjusted PS Ratio Comparison

For the Household & Personal Products subindustry, Milbon 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.


Milbon Co Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

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

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


TSE:4919
82GF Score
Milbon Co Ltd TSE:4919
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Milbon 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.

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

For example, Milbon 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.

Milbon Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 220.081 98.000 255.114
201612 235.457 98.400 271.828
201703 210.675 98.100 243.962
201706 246.110 98.500 283.839
201709 240.753 98.800 276.817
201712 324.250 99.400 370.571
201803 231.911 99.200 265.576
201806 264.333 99.200 302.704
201809 250.377 99.900 284.713
201812 288.260 99.700 328.449
201903 240.877 99.700 274.460
201906 285.783 99.800 325.300
201909 287.388 100.100 326.147
201912 293.672 100.500 331.952
202003 239.960 100.300 271.779
202006 247.481 99.900 281.420
202009 287.516 99.900 326.945
202012 323.396 99.300 369.968
202103 276.576 99.900 314.505
202106 325.106 99.500 371.176
202109 312.506 100.100 354.652
202112 364.900 100.100 414.112
202203 296.364 101.100 333.006
202206 363.809 101.800 405.979
202209 336.359 103.100 370.615
202212 394.476 104.100 430.475
202303 317.928 104.400 345.945
202306 379.943 105.200 410.281
202309 351.778 106.200 376.290
202312 418.318 106.800 444.952
202403 353.667 107.200 374.781
202406 399.791 108.200 419.744
202409 382.960 108.900 399.488
202412 439.945 110.700 451.470
202503 343.297 111.100 351.022
202506 418.393 111.700 425.510
202509 400.212 112.000 405.929
202512 464.726 113.000 467.194
202603 390.645 112.700 393.765
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 Milbon Co (TSE:4919) Overvalued in 2026?

Based on GuruFocus' analysis, Milbon Co stock appears to be overvalued. The current stock price of 円3,210.00 is trading 14.5% above its estimated GF Value™ of 円2,803.27. GuruFocus considers Milbon Co to be Modestly Overvalued.

Key valuation signals for TSE:4919:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円2,803.27 vs. price of 円3,210.00 (14.5% above fair value)
  • GF Score™: 82/100 with 7 warning signs

No single metric tells the full story. See the TSE:4919 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Milbon Co Business Description

Address Research Institute 2-3-35, Zengenji-cho, Miyakojima-ku, Osaka, JPN, 534-0015
Milbon Co Ltd is a Japan-based company that is principally engaged in producing and selling hair care products. Its products consist of hair-coloring products, hair-styling products, shampoos, conditioners, permanent-wave products, scalp lotion, hair treatments, tools for permanent waves, and other. Hair-care products and hair-coloring products jointly contribute the majority of the company's total revenue. The company operates through a global network, including Japan, Mainland China, Korea, Hong Kong, Taiwan, Thailand, Vietnam, Philippines, Malaysia, Indonesia, Turkey, and the United States.
82GF Score

Get the complete analysis for TSE:4919

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

円3,210.00
Price
円2,803.27
GF Value