Nikkato (TSE:5367) 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
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.
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Charlie Tian
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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:5367 Nikkato Corp TSE:5367
60 GF Score
Price 円1,450.00
GF Value 円669.79
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Nikkato Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nikkato  (TSE:5367) 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.


Nikkato Cyclically Adjusted PS Ratio Related Terms


Nikkato Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nikkato'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.

Nikkato Cyclically Adjusted PS Ratio Chart

Nikkato 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 0.70 0.76 0.70 0.57 0.76

Nikkato 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 0.58 0.62 0.69 0.76 1.58

TSE:5367 vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Nikkato'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.


Nikkato Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nikkato's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:5367
60GF Score
Nikkato Corp TSE:5367
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nikkato 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.

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

For example, Nikkato'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)
=265.585/113.6000*113.6000
=265.585

Current CPI (Jun. 2026) = 113.6000.

Nikkato Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 194.515 98.000 225.479
201612 164.050 98.400 189.391
201703 207.727 98.100 240.548
201706 184.882 98.500 213.224
201709 197.330 98.800 226.890
201712 203.569 99.400 232.650
201803 228.243 99.200 261.375
201806 214.008 99.200 245.074
201809 219.771 99.900 249.910
201812 239.007 99.700 272.329
201903 222.220 99.700 253.202
201906 208.320 99.800 237.126
201909 211.831 100.100 240.400
201912 173.170 100.500 195.742
202003 188.325 100.300 213.297
202006 166.280 99.900 189.083
202009 180.348 99.900 205.080
202012 183.376 99.300 209.784
202103 195.101 99.900 221.857
202106 195.610 99.500 223.330
202109 208.868 100.100 237.037
202112 209.203 100.100 237.417
202203 222.378 101.100 249.873
202206 222.473 101.800 248.261
202209 221.658 103.100 244.232
202212 224.482 104.100 244.968
202303 230.652 104.400 250.978
202306 207.094 105.200 223.630
202309 214.615 106.200 229.569
202312 196.444 106.800 208.952
202403 239.752 107.200 254.066
202406 193.661 108.200 203.326
202409 219.348 108.900 228.815
202412 206.750 110.700 212.166
202503 223.915 111.100 228.954
202506 204.128 111.700 207.600
202509 241.058 112.000 244.502
202512 238.731 113.000 239.999
202603 264.879 112.700 266.994
202606 265.585 113.600 265.585

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 Nikkato (TSE:5367) Overvalued in 2026?

Based on GuruFocus' analysis, Nikkato stock appears to be overvalued. The current stock price of 円1,450.00 is trading 116.5% above its estimated GF Value™ of 円669.79. GuruFocus considers Nikkato to be Significantly Overvalued.

Key valuation signals for TSE:5367:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円669.79 vs. price of 円1,450.00 (116.5% above fair value)
  • GF Score™: 60/100 with 1 warning sign

No single metric tells the full story. See the TSE:5367 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nikkato Business Description

Address 3-2-24, Oriono-cho, Sakai-shi, Sakai-ku, Osaka, JPN, 590-0001
Nikkato Corp engages in the manufacture and sale of ceramics for industrial and laboratory use; measurement and control equipment; and various kinds of electric furnaces. The Ceramics products include functional ceramics, including thermal heating elements, oxygen sensors and ceramics filters; abrasion-resistant ceramics, including ball mills and crushing balls and components; heat-resistant ceramics, core tubes, transportation rollers and heat-treatment equipment and instruments; as well as physical and chemical ceramics, including evaporating dishes, crucibles and ceramics for experimental purposes. The firm also purchases and sells heating systems, including electric furnaces, vacuum furnaces and thermal treatment equipment; measuring systems, as well as measurement controllers.
60GF Score

Get the complete analysis for TSE:5367

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

円1,450.00
Price
円669.79
GF Value