Bellsystem24 Holdings (TSE:6183) Cyclically Adjusted PS Ratio: 0.66 (As of Aug. 05, 2026) — 11% 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:6183 Bellsystem24 Holdings Inc TSE:6183
73 GF Score
Price 円1,323.00
GF Value 円1,429.38
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Bellsystem24 Holdings Cyclically Adjusted PS Ratio?

Bellsystem24 Holdings TSE:6183 -0.90% 73 Cyclically Adjusted PS Ratio is 0.66 as of Aug. 05, 2026, which is 11% below its 10-year median of 0.74. GuruFocus rates TSE:6183 with a GF Score™ of 73/100 and a GF Value™ of 円1,429.38 (Fairly Valued). The stock has 4 warning signs investors should review. Among 718 Business Services companies, Bellsystem24 Holdings ranks better than 56.96% on this metric.

As of today (2026-08-05), Bellsystem24 Holdings's current share price is 円1323.00. Bellsystem24 Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was 円2,017.33. Bellsystem24 Holdings's Cyclically Adjusted PS Ratio for today is 0.66.

The historical rank and industry rank for Bellsystem24 Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSE:6183' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.74   Max: 0.99
Current: 0.68

During the past years, Bellsystem24 Holdings's highest Cyclically Adjusted PS Ratio was 0.99. The lowest was 0.59. And the median was 0.74.

TSE:6183's Cyclically Adjusted PS Ratio is ranked better than
56.96% of 718 companies
in the Business Services industry
Industry Median: 0.91 vs TSE:6183: 0.68

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.

Bellsystem24 Holdings's adjusted revenue per share data for the three months ended in May. 2026 was 円492.261. 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2,017.33 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bellsystem24 Holdings  (TSE:6183) 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.


Bellsystem24 Holdings Cyclically Adjusted PS Ratio Related Terms


Bellsystem24 Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bellsystem24 Holdings'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.

Bellsystem24 Holdings Cyclically Adjusted PS Ratio Chart

Bellsystem24 Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.81 0.92 0.66 0.75

Bellsystem24 Holdings Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.64 0.67 0.69 0.75 0.70

TSE:6183 vs CTAS, CPRT, GPN: Cyclically Adjusted PS Ratio Comparison

For the Specialty Business Services subindustry, Bellsystem24 Holdings'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.


Bellsystem24 Holdings Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Bellsystem24 Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Bellsystem24 Holdings's Cyclically Adjusted PS Ratio falls into.


TSE:6183
73GF Score
Bellsystem24 Holdings Inc TSE:6183
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bellsystem24 Holdings 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.

Bellsystem24 Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1323.00/2017.33
=0.66

* 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.

Bellsystem24 Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 is calculated as:

For example, Bellsystem24 Holdings's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=492.261/113.5000*113.5000
=492.261

Current CPI (May. 2026) = 113.5000.

Bellsystem24 Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 374.671 97.900 434.373
201611 366.968 98.600 422.423
201702 376.369 98.100 435.452
201705 387.794 98.600 446.396
201708 387.475 98.500 446.481
201711 398.998 99.100 456.976
201802 391.191 99.500 446.233
201805 406.624 99.300 464.772
201808 403.279 99.800 458.639
201811 404.663 100.000 459.293
201902 419.710 99.700 477.804
201905 416.503 100.000 472.731
201908 434.729 100.000 493.417
201911 437.203 100.500 493.757
202002 421.587 100.300 477.070
202005 442.061 100.100 501.238
202008 461.587 100.100 523.378
202011 476.051 99.500 543.033
202102 453.418 99.800 515.661
202105 492.170 99.400 561.985
202108 494.789 99.700 563.275
202111 491.870 100.100 557.715
202202 499.088 100.700 562.527
202205 530.131 101.800 591.060
202208 527.334 102.700 582.789
202211 530.415 103.900 579.424
202302 519.920 104.000 567.413
202305 531.711 105.100 574.207
202308 504.162 105.900 540.344
202311 491.064 106.900 521.382
202402 484.488 106.900 514.400
202405 497.285 108.100 522.126
202408 475.801 109.100 494.990
202411 484.894 110.000 500.322
202502 481.822 110.800 493.563
202505 493.855 111.800 501.364
202508 492.028 112.100 498.173
202511 488.657 113.200 489.952
202602 489.218 112.200 494.886
202605 492.261 113.500 492.261

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 0.66 mean?
Bellsystem24 Holdings (TSE:6183) has a Cyclically Adjusted PS Ratio of 0.66 as of Aug. 05, 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 Bellsystem24 Holdings and its competitors. This is 11% below median its historical median of 0.74. Over the past decade, Bellsystem24 Holdings' Cyclically Adjusted PS Ratio has ranged from 0.59 to 0.99. According to the industry distribution chart, Bellsystem24 Holdings ranks #309 out of 718 companies in the Business Services industry, placing it in the top 43%.
Is Bellsystem24 Holdings' Cyclically Adjusted PS Ratio too high?
Bellsystem24 Holdings' current Cyclically Adjusted PS Ratio of 0.66 is 11% below median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 0.99. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. Bellsystem24 Holdings' value of 0.66 is 27.5% below this industry median. Based on the distribution chart, Bellsystem24 Holdings ranks #309 out of 718 companies in the Business Services industry, which is above the industry midpoint. Overall, Bellsystem24 Holdings has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bellsystem24 Holdings' Cyclically Adjusted PS Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Bellsystem24 Holdings ranks #309 out of 718 companies for Cyclically Adjusted PS Ratio. This puts Bellsystem24 Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Bellsystem24 Holdings' value of 0.66 is 27.5% below this benchmark. Historically, Bellsystem24 Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.59 to 0.99 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 0.91, Bellsystem24 Holdings has consistently been below 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 718 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. Bellsystem24 Holdings's current Cyclically Adjusted PS Ratio of 0.66 is 27.5% below 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 Bellsystem24 Holdings and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bellsystem24 Holdings's current Cyclically Adjusted PS Ratio is 0.66, which is 11% below median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bellsystem24 Holdings stock overvalued right now?
Based on GuruFocus' analysis, Bellsystem24 Holdings (TSE:6183) is currently considered Fairly Valued. The stock's GF Value™ is 円1,429.38, compared to a current price of 円1,323.00 — trading 7.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.66, which is 11% below median its 10-year median of 0.74 and 27.5% below the Business Services industry median of 0.91. Bellsystem24 Holdings' overall GF Score™ is 73/100 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 Bellsystem24 Holdings (TSE:6183), the current Cyclically Adjusted PS Ratio is 0.66 as of Aug. 05, 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 Bellsystem24 Holdings (TSE:6183) Overvalued in 2026?

Based on GuruFocus' analysis, Bellsystem24 Holdings stock appears to be undervalued. The current stock price of 円1,323.00 is trading 7.4% below its estimated GF Value™ of 円1,429.38. GuruFocus considers Bellsystem24 Holdings to be Fairly Valued.

Key valuation signals for TSE:6183:

  • Cyclically Adjusted PS Ratio: 0.66 (11% below median its 10-year median of 0.74)
  • GF Value™: 円1,429.38 vs. price of 円1,323.00 (7.4% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 27.5% below the Business Services median (#309 of 718)

No single metric tells the full story. See the TSE:6183 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bellsystem24 Holdings Business Description

Address 4-1-1 Toranomon, 6th Floor, Kamiyacho Trust Tower, Minato-ku, Tokyo, JPN, 105-6906
Bellsystem24 Holdings Inc is a holding company engaged in the business of contact center services. The company through its subsidiaries involves in various businesses which includes formulating group strategies, control group companies and distribute group's management resources. It also operates as a specialized research organization (SRO) that supports the development of pharmaceutical products and medical equipment.
73GF Score

Get the complete analysis for TSE:6183

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

円1,323.00
Price
円1,429.38
GF Value