SEC CARBON (TSE:5304) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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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:5304 SEC CARBON Ltd TSE:5304
63 GF Score
Price 円2,510.00
GF Value 円1,799.26
Valuation Significantly Overvalued
! 3 Warning Signs
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What is SEC CARBON Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SEC CARBON  (TSE:5304) 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.


SEC CARBON Cyclically Adjusted PS Ratio Related Terms


SEC CARBON Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SEC CARBON'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.

SEC CARBON Cyclically Adjusted PS Ratio Chart

SEC CARBON Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 1.40 1.96 1.48 1.82

SEC CARBON 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 1.43 1.59 1.62 1.81 1.63

TSE:5304 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, SEC CARBON'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.


SEC CARBON Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, SEC CARBON's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:5304
63GF Score
SEC CARBON Ltd TSE:5304
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SEC CARBON 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.

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

For example, SEC CARBON'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)
=277.491/113.6000*113.6000
=277.491

Current CPI (Jun. 2026) = 113.6000.

SEC CARBON Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 149.188 98.000 172.936
201612 138.619 98.400 160.032
201703 192.118 98.100 222.473
201706 156.747 98.500 180.776
201709 187.207 98.800 215.250
201712 195.610 99.400 223.554
201803 252.391 99.200 289.028
201806 381.879 99.200 437.313
201809 450.330 99.900 512.087
201812 514.921 99.700 586.710
201903 513.150 99.700 584.692
201906 405.228 99.800 461.262
201909 471.500 100.100 535.089
201912 387.693 100.500 438.228
202003 463.999 100.300 525.526
202006 236.433 99.900 268.857
202009 265.362 99.900 301.753
202012 233.188 99.300 266.769
202103 312.840 99.900 355.742
202106 226.944 99.500 259.104
202109 253.465 100.100 287.649
202112 316.394 100.100 359.065
202203 330.759 101.100 371.654
202206 313.638 101.800 349.993
202209 302.240 103.100 333.021
202212 370.285 104.100 404.077
202303 509.577 104.400 554.482
202306 401.337 105.200 433.383
202309 424.836 106.200 454.439
202312 463.468 106.800 492.977
202403 546.038 107.200 578.637
202406 413.851 108.200 434.505
202409 397.393 108.900 414.544
202412 367.074 110.700 376.690
202503 370.915 111.100 379.261
202506 218.379 111.700 222.094
202509 295.346 112.000 299.565
202512 335.600 113.000 337.382
202603 402.741 112.700 405.957
202606 277.491 113.600 277.491

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 SEC CARBON (TSE:5304) Overvalued in 2026?

Based on GuruFocus' analysis, SEC CARBON stock appears to be overvalued. The current stock price of 円2,510.00 is trading 39.5% above its estimated GF Value™ of 円1,799.26. GuruFocus considers SEC CARBON to be Significantly Overvalued.

Key valuation signals for TSE:5304:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円1,799.26 vs. price of 円2,510.00 (39.5% above fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the TSE:5304 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SEC CARBON Business Description

Address 1-2-6 Shioe, Amagasaki, Hyogo, JPN
SEC CARBON Ltd engages in the manufacture and sale of carbon products. It offers SK-B graphitized cathode blocks for aluminum smelting; graphite electrodes that are used in electric arc furnaces for steelmaking; and carbon and graphite specialties and materials for use in the semiconductor, aerospace, chemical, electrochemistry, machine, and metallurgy industries. The company also provides the fine powder that is used in various industries, such as paint, sliding materials, metallurgic uses, and batteries.
63GF Score

Get the complete analysis for TSE:5304

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

円2,510.00
Price
円1,799.26
GF Value