Shinagawa Refra Co (TSE:5351) Cyclically Adjusted PS Ratio: 0.71 (As of Aug. 06, 2026) — 109% Above Median

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TSE:5351 Shinagawa Refra Co Ltd TSE:5351
77 GF Score
Price 円2,063.00
GF Value 円2,311.85
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Shinagawa Refra Co Cyclically Adjusted PS Ratio?

Shinagawa Refra Co TSE:5351 +0.39% 77 Cyclically Adjusted PS Ratio is 0.71 as of Aug. 06, 2026, which is 109% above its 10-year median of 0.34. GuruFocus rates TSE:5351 with a GF Score™ of 77/100 and a GF Value™ of 円2,311.85 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,366 Construction companies, Shinagawa Refra Co ranks better than 50.51% on this metric.

As of today (2026-08-06), Shinagawa Refra Co's current share price is 円2063.00. Shinagawa Refra Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,896.25. Shinagawa Refra Co's Cyclically Adjusted PS Ratio for today is 0.71.

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

TSE:5351' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.34   Max: 0.88
Current: 0.7

During the past years, Shinagawa Refra Co's highest Cyclically Adjusted PS Ratio was 0.88. The lowest was 0.18. And the median was 0.34.

TSE:5351's Cyclically Adjusted PS Ratio is ranked better than
50.51% of 1366 companies
in the Construction industry
Industry Median: 0.7 vs TSE:5351: 0.70

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.

Shinagawa Refra Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円1,045.305. 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2,896.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shinagawa Refra Co  (TSE:5351) 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.


Shinagawa Refra Co Cyclically Adjusted PS Ratio Related Terms


Shinagawa Refra Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shinagawa Refra 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.

Shinagawa Refra Co Cyclically Adjusted PS Ratio Chart

Shinagawa Refra Co 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 0.33 0.38 0.75 0.63 0.70

Shinagawa Refra Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 0.63 0.61 0.67 0.74 0.70

TSE:5351 vs TT, JCI, CARR: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, Shinagawa Refra 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.


Shinagawa Refra Co Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Shinagawa Refra Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:5351
77GF Score
Shinagawa Refra Co Ltd TSE:5351
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinagawa Refra 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.

Shinagawa Refra Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2063.00/2896.25
=0.71

* 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.

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

For example, Shinagawa Refra Co's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1045.305/112.7000*112.7000
=1,045.305

Current CPI (Mar. 2026) = 112.7000.

Shinagawa Refra Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 511.116 97.900 588.384
201606 504.169 98.100 579.203
201609 502.769 98.000 578.184
201612 625.666 98.400 716.591
201703 567.762 98.100 652.261
201706 515.774 98.500 590.129
201709 542.352 98.800 618.655
201712 573.714 99.400 650.479
201803 561.230 99.200 637.607
201806 593.874 99.200 674.694
201809 672.185 99.900 758.311
201812 684.412 99.700 773.653
201903 599.319 99.700 677.465
201906 622.789 99.800 703.290
201909 634.495 100.100 714.362
201912 686.746 100.500 770.112
202003 603.790 100.300 678.436
202006 522.831 99.900 589.820
202009 486.216 99.900 548.514
202012 573.553 99.300 650.951
202103 557.096 99.900 628.476
202106 553.007 99.500 626.371
202109 569.219 100.100 640.869
202112 645.742 100.100 727.024
202203 601.835 101.100 670.888
202206 634.392 101.800 702.318
202209 671.363 103.100 733.876
202212 711.431 104.100 770.204
202303 654.327 104.400 706.347
202306 783.882 105.200 839.767
202309 770.155 106.200 817.293
202312 787.419 106.800 830.919
202403 756.258 107.200 795.059
202409 0.000 108.900 0.000
202412 808.687 110.700 823.297
202503 854.968 111.100 867.281
202506 839.369 111.700 846.883
202509 955.343 112.000 961.314
202512 1,056.665 113.000 1,053.860
202603 1,045.305 112.700 1,045.305

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 0.71 mean?
Shinagawa Refra Co (TSE:5351) has a Cyclically Adjusted PS Ratio of 0.71 as of Aug. 06, 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 Shinagawa Refra Co and its competitors. This is 109% above median its historical median of 0.34. Over the past decade, Shinagawa Refra Co's Cyclically Adjusted PS Ratio has ranged from 0.18 to 0.88. According to the industry distribution chart, Shinagawa Refra Co ranks #676 out of 1366 companies in the Construction industry, placing it in the top 49.5%.
Is Shinagawa Refra Co's Cyclically Adjusted PS Ratio too high?
Shinagawa Refra Co's current Cyclically Adjusted PS Ratio of 0.71 is 109% above median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.88. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Shinagawa Refra Co's value of 0.71 is 1.4% above this industry median. Based on the distribution chart, Shinagawa Refra Co ranks #676 out of 1366 companies in the Construction industry, which is above the industry midpoint. Overall, Shinagawa Refra Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shinagawa Refra Co's Cyclically Adjusted PS Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Shinagawa Refra Co ranks #676 out of 1366 companies for Cyclically Adjusted PS Ratio. This puts Shinagawa Refra Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Shinagawa Refra Co's value of 0.71 is 1.4% above this benchmark. Historically, Shinagawa Refra Co's own Cyclically Adjusted PS Ratio has ranged from 0.18 to 0.88 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.70, Shinagawa Refra 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,366 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. Shinagawa Refra Co's current Cyclically Adjusted PS Ratio of 0.71 is 1.4% 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 Shinagawa Refra Co and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinagawa Refra Co's current Cyclically Adjusted PS Ratio is 0.71, which is 109% above median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinagawa Refra Co stock overvalued right now?
Based on GuruFocus' analysis, Shinagawa Refra Co (TSE:5351) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,311.85, compared to a current price of 円2,063.00 — trading 10.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.71, which is 109% above median its 10-year median of 0.34 and 1.4% above the Construction industry median of 0.70. Shinagawa Refra Co's overall GF Score™ is 77/100 with 3 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 Shinagawa Refra Co (TSE:5351), the current Cyclically Adjusted PS Ratio is 0.71 as of Aug. 06, 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 Shinagawa Refra Co (TSE:5351) Overvalued in 2026?

Based on GuruFocus' analysis, Shinagawa Refra Co stock appears to be undervalued. The current stock price of 円2,063.00 is trading 10.8% below its estimated GF Value™ of 円2,311.85. GuruFocus considers Shinagawa Refra Co to be Modestly Undervalued.

Key valuation signals for TSE:5351:

  • Cyclically Adjusted PS Ratio: 0.71 (109% above median its 10-year median of 0.34)
  • GF Value™: 円2,311.85 vs. price of 円2,063.00 (10.8% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 1.4% above the Construction median (#676 of 1366)

No single metric tells the full story. See the TSE:5351 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinagawa Refra Co Business Description

Address 1-7-12 Marunouchi, 12th floor, Sapia Tower, Chiyoda, Tokyo, JPN, 100-0005
Shinagawa Refra Co Ltd is engaged in the manufacture and sale of refractories, design, and construction of industrial kiln furnaces, the sale of fine ceramics, others.
77GF Score

Get the complete analysis for TSE:5351

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

円2,063.00
Price
円2,311.85
GF Value