Noevir Holdings Co (TSE:4928) Cyclically Adjusted PS Ratio: 2.58 (As of Aug. 04, 2026) — 19% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:4928 Noevir Holdings Co Ltd TSE:4928
79 GF Score
Price 円4,790.00
GF Value 円5,269.29
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Noevir Holdings Co Cyclically Adjusted PS Ratio?

Noevir Holdings Co TSE:4928 -3.62% 79 Cyclically Adjusted PS Ratio is 2.58 as of Aug. 04, 2026, which is 19% below its 10-year median of 3.20. GuruFocus rates TSE:4928 with a GF Score™ of 79/100 and a GF Value™ of 円5,269.29 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,451 Consumer Packaged Goods companies, Noevir Holdings Co ranks worse than 84.08% on this metric.

As of today (2026-08-04), Noevir Holdings Co's current share price is 円4790.00. Noevir Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was 円1,856.02. Noevir Holdings Co's Cyclically Adjusted PS Ratio for today is 2.58.

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

TSE:4928' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.23   Med: 3.2   Max: 4.15
Current: 2.5

During the past years, Noevir Holdings Co's highest Cyclically Adjusted PS Ratio was 4.15. The lowest was 2.23. And the median was 3.20.

TSE:4928's Cyclically Adjusted PS Ratio is ranked worse than
84.08% of 1451 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs TSE:4928: 2.50

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.

Noevir Holdings Co's adjusted revenue per share data for the three months ended in Dec. 2025 was 円453.097. 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1,856.02 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Noevir Holdings Co  (TSE:4928) 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.


Noevir Holdings Co Cyclically Adjusted PS Ratio Related Terms


Noevir Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Noevir Holdings 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.

Noevir Holdings Co Cyclically Adjusted PS Ratio Chart

Noevir Holdings Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.59 3.60 3.17 2.94 2.43

Noevir Holdings 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 2.36 2.37 2.43 2.47 0.00

TSE:4928 vs PG, CL, KVUE: Cyclically Adjusted PS Ratio Comparison

For the Household & Personal Products subindustry, Noevir Holdings 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.


Noevir Holdings Co Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

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

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


TSE:4928
79GF Score
Noevir Holdings Co Ltd TSE:4928
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Noevir Holdings 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4790.00/1856.02
=2.58

* 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.

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

For example, Noevir Holdings 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)
=453.097/113.0000*113.0000
=453.097

Current CPI (Dec. 2025) = 113.0000.

Noevir Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 304.299 97.900 351.234
201606 383.702 98.100 441.981
201609 356.849 98.000 411.469
201612 413.686 98.400 475.066
201703 339.868 98.100 391.489
201706 407.029 98.500 466.947
201709 375.945 98.800 429.978
201712 442.834 99.400 503.423
201803 381.495 99.200 434.566
201806 446.292 99.200 508.377
201809 414.293 99.900 468.620
201812 475.042 99.700 538.413
201903 388.120 99.700 439.895
201906 443.101 99.800 501.708
201909 428.433 100.100 483.646
201912 452.879 100.500 509.207
202003 360.687 100.300 406.357
202006 349.299 99.900 395.103
202009 354.861 99.900 401.394
202012 406.125 99.300 462.156
202103 350.968 99.900 396.991
202106 379.600 99.500 431.104
202109 364.387 100.100 411.346
202112 456.400 100.100 515.217
202203 426.658 101.100 476.878
202206 460.563 101.800 511.234
202209 446.510 103.100 489.385
202212 474.529 104.100 515.099
202303 430.027 104.400 465.451
202306 468.029 105.200 502.731
202309 458.777 106.200 488.153
202312 486.415 106.800 514.653
202403 439.484 107.200 463.262
202406 486.471 108.200 508.052
202409 456.289 108.900 473.468
202412 492.323 110.700 502.552
202503 446.042 111.100 453.670
202506 446.429 111.700 451.625
202509 510.628 112.000 515.187
202512 453.097 113.000 453.097

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 2.58 mean?
Noevir Holdings Co (TSE:4928) has a Cyclically Adjusted PS Ratio of 2.58 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 Noevir Holdings Co and its competitors. This is 19% below median its historical median of 3.20. Over the past decade, Noevir Holdings Co's Cyclically Adjusted PS Ratio has ranged from 2.23 to 4.15. According to the industry distribution chart, Noevir Holdings Co ranks #1220 out of 1451 companies in the Consumer Packaged Goods industry, placing it in the top 84.1%.
Is Noevir Holdings Co's Cyclically Adjusted PS Ratio too high?
Noevir Holdings Co's current Cyclically Adjusted PS Ratio of 2.58 is 19% below median its 10-year median of 3.20. Over the past 10 years, this metric has ranged from a low of 2.23 to a high of 4.15. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. Noevir Holdings Co's value of 2.58 is 239.5% above this industry median. Based on the distribution chart, Noevir Holdings Co ranks #1220 out of 1451 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Noevir Holdings Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Noevir Holdings Co's Cyclically Adjusted PS Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Noevir Holdings Co ranks #1220 out of 1451 companies for Cyclically Adjusted PS Ratio. This places Noevir Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Noevir Holdings Co's value of 2.58 is 239.5% above this benchmark. Historically, Noevir Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 2.23 to 4.15 over the past decade. While the company's 10-year median is 3.20 vs. the industry median of 0.76, Noevir Holdings 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. Noevir Holdings Co's current Cyclically Adjusted PS Ratio of 2.58 is 239.5% 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 Noevir Holdings 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. Noevir Holdings Co's current Cyclically Adjusted PS Ratio is 2.58, which is 19% below median its own 10-year median of 3.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noevir Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Noevir Holdings Co (TSE:4928) is currently considered Fairly Valued. The stock's GF Value™ is 円5,269.29, compared to a current price of 円4,790.00 — trading 9.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.58, which is 19% below median its 10-year median of 3.20 and 239.5% above the Consumer Packaged Goods industry median of 0.76. Noevir Holdings Co's overall GF Score™ is 79/100 with 2 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 Noevir Holdings Co (TSE:4928), the current Cyclically Adjusted PS Ratio is 2.58 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 Noevir Holdings Co (TSE:4928) Overvalued in 2026?

Based on GuruFocus' analysis, Noevir Holdings Co stock appears to be undervalued. The current stock price of 円4,790.00 is trading 9.1% below its estimated GF Value™ of 円5,269.29. GuruFocus considers Noevir Holdings Co to be Fairly Valued.

Key valuation signals for TSE:4928:

  • Cyclically Adjusted PS Ratio: 2.58 (19% below median its 10-year median of 3.20)
  • GF Value™: 円5,269.29 vs. price of 円4,790.00 (9.1% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 239.5% above the Consumer Packaged Goods median (#1220 of 1451)

No single metric tells the full story. See the TSE:4928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Noevir Holdings Co Business Description

Address 13-1, Minatojima Nakamachi 6-chome, Chuo-ku, Kobe, JPN, 650-8521
Noevir Holdings Co Ltd is a Japan-based company that is principally engaged in two businesses: cosmetics and pharmaceuticals and health food. The cosmetics business produces and offers skincare and makeup products under a number of brands, like Noevir, NOV, and Sana. The pharmaceuticals and health food business develops, produces, and sells a broad range-of-products, including Nanten Nodo Ame cough drops, functional drinks, and other over-the-counter pharmaceuticals, such as cold remedies and eye drops, and health food products as well. These two businesses jointly contribute the majority of the company's revenue. The company also operates apparel and aircraft sales and leasing. The company has a presence in many countries across the world and focuses on developing Asian markets.
79GF Score

Get the complete analysis for TSE:4928

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

円4,790.00
Price
円5,269.29
GF Value