Milbon Co (TSE:4919) Cyclically Adjusted PS Ratio: 2.00 (As of Aug. 04, 2026) — 63% Below Median

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TSE:4919 Milbon Co Ltd TSE:4919
72 GF Score
Price 円2,744.00
GF Value 円3,602.62
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Milbon Co Cyclically Adjusted PS Ratio?

Milbon Co TSE:4919 -0.69% 72 Cyclically Adjusted PS Ratio is 2.00 as of Aug. 04, 2026, which is 63% below its 10-year median of 5.46. GuruFocus rates TSE:4919 with a GF Score™ of 72/100 and a GF Value™ of 円3,602.62 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,451 Consumer Packaged Goods companies, Milbon Co ranks worse than 79.12% on this metric.

As of today (2026-08-04), Milbon Co's current share price is 円2744.00. Milbon Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was 円1,368.92. Milbon Co's Cyclically Adjusted PS Ratio for today is 2.00.

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

TSE:4919' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.73   Med: 5.46   Max: 7.97
Current: 2.03

During the past years, Milbon Co's highest Cyclically Adjusted PS Ratio was 7.97. The lowest was 1.73. And the median was 5.46.

TSE:4919's Cyclically Adjusted PS Ratio is ranked worse than
79.12% of 1451 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs TSE:4919: 2.03

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.

Milbon Co's adjusted revenue per share data for the three months ended in Dec. 2025 was 円464.726. 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1,368.92 for the trailing ten years ended in Dec. 2025.

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
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 2.31 1.84 1.85 1.78 0.00

TSE:4919 vs PG, CL, KVUE: 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
72GF 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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2744.00/1368.92
=2.00

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

For example, Milbon Co'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)
=464.726/113.0000*113.0000
=464.726

Current CPI (Dec. 2025) = 113.0000.

Milbon Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 204.873 97.900 236.472
201606 229.339 98.100 264.172
201609 220.081 98.000 253.767
201612 235.457 98.400 270.393
201703 210.675 98.100 242.674
201706 246.110 98.500 282.339
201709 240.753 98.800 275.355
201712 324.250 99.400 368.614
201803 231.911 99.200 264.173
201806 264.333 99.200 301.105
201809 250.377 99.900 283.209
201812 288.260 99.700 326.714
201903 240.877 99.700 273.010
201906 285.783 99.800 323.582
201909 287.388 100.100 324.424
201912 293.672 100.500 330.198
202003 239.960 100.300 270.344
202006 247.481 99.900 279.933
202009 287.516 99.900 325.218
202012 323.396 99.300 368.014
202103 276.576 99.900 312.844
202106 325.106 99.500 369.216
202109 312.506 100.100 352.779
202112 364.900 100.100 411.925
202203 296.364 101.100 331.248
202206 363.809 101.800 403.835
202209 336.359 103.100 368.657
202212 394.476 104.100 428.202
202303 317.928 104.400 344.117
202306 379.943 105.200 408.114
202309 351.778 106.200 374.302
202312 418.318 106.800 442.602
202403 353.667 107.200 372.802
202406 399.791 108.200 417.527
202409 382.960 108.900 397.378
202412 439.945 110.700 449.086
202503 343.297 111.100 349.168
202506 418.303 111.700 423.171
202509 400.212 112.000 403.785
202512 464.726 113.000 464.726

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 2.00 mean?
Milbon Co (TSE:4919) has a Cyclically Adjusted PS Ratio of 2.00 as of Aug. 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 Milbon Co and its competitors. This is 63% below median its historical median of 5.46. Over the past decade, Milbon Co's Cyclically Adjusted PS Ratio has ranged from 1.73 to 7.97. According to the industry distribution chart, Milbon Co ranks #1148 out of 1451 companies in the Consumer Packaged Goods industry, placing it in the top 79.1%.
Is Milbon Co's Cyclically Adjusted PS Ratio too high?
Milbon Co's current Cyclically Adjusted PS Ratio of 2.00 is 63% below median its 10-year median of 5.46. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 7.97. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. Milbon Co's value of 2.00 is 163.2% above this industry median. Based on the distribution chart, Milbon Co ranks #1148 out of 1451 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Milbon Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Milbon Co's Cyclically Adjusted PS Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Milbon Co ranks #1148 out of 1451 companies for Cyclically Adjusted PS Ratio. This places Milbon Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Milbon Co's value of 2.00 is 163.2% above this benchmark. Historically, Milbon Co's own Cyclically Adjusted PS Ratio has ranged from 1.73 to 7.97 over the past decade. While the company's 10-year median is 5.46 vs. the industry median of 0.76, Milbon 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 0.76, based on 1,451 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. Milbon Co's current Cyclically Adjusted PS Ratio of 2.00 is 163.2% 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 Milbon Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Milbon Co's current Cyclically Adjusted PS Ratio is 2.00, which is 63% below median its own 10-year median of 5.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Milbon Co stock overvalued right now?
Based on GuruFocus' analysis, Milbon Co (TSE:4919) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,602.62, compared to a current price of 円2,744.00 — trading 23.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.00, which is 63% below median its 10-year median of 5.46 and 163.2% above the Consumer Packaged Goods industry median of 0.76. Milbon Co's overall GF Score™ is 72/100 with 4 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 Milbon Co (TSE:4919), the current Cyclically Adjusted PS Ratio is 2.00 as of Aug. 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 Milbon Co (TSE:4919) Overvalued in 2026?

Based on GuruFocus' analysis, Milbon Co stock appears to be undervalued. The current stock price of 円2,744.00 is trading 23.8% below its estimated GF Value™ of 円3,602.62. GuruFocus considers Milbon Co to be Modestly Undervalued.

Key valuation signals for TSE:4919:

  • Cyclically Adjusted PS Ratio: 2.00 (63% below median its 10-year median of 5.46)
  • GF Value™: 円3,602.62 vs. price of 円2,744.00 (23.8% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 163.2% above the Consumer Packaged Goods median (#1148 of 1451)

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.
72GF 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2,744.00
Price
円3,602.62
GF Value