AirTrip (TSE:6191) Cyclically Adjusted PS Ratio: 0.81 (As of Aug. 28, 2026) — Near Median

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TSE:6191 AirTrip Corp TSE:6191
77 GF Score
Price 円828.00
GF Value 円1,347.89
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is AirTrip Cyclically Adjusted PS Ratio?

AirTrip TSE:6191 -1.66% 77 Cyclically Adjusted PS Ratio is 0.81 as of Aug. 28, 2026, which is 1% below its 10-year median of 0.82. GuruFocus rates TSE:6191 with a GF Score™ of 77/100 and a GF Value™ of 円1,347.89 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 669 Travel & Leisure companies, AirTrip ranks better than 63.98% on this metric.

As of today (2026-08-28), AirTrip's current share price is 円828.00. AirTrip's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was 円1,028.02. AirTrip's Cyclically Adjusted PS Ratio for today is 0.81.

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

TSE:6191' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.68   Med: 0.82   Max: 1.13
Current: 0.81

During the past years, AirTrip's highest Cyclically Adjusted PS Ratio was 1.13. The lowest was 0.68. And the median was 0.82.

TSE:6191's Cyclically Adjusted PS Ratio is ranked better than
63.98% of 669 companies
in the Travel & Leisure industry
Industry Median: 1.32 vs TSE:6191: 0.81

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.

AirTrip's adjusted revenue per share data for the three months ended in Jun. 2026 was 円416.497. 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1,028.02 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AirTrip  (TSE:6191) 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.


AirTrip Cyclically Adjusted PS Ratio Related Terms


AirTrip Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for AirTrip'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.

AirTrip Cyclically Adjusted PS Ratio Chart

AirTrip 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 0.00 0.00 0.00 0.00 1.07

AirTrip 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 0.97 1.07 0.80 0.69 0.74

TSE:6191 vs BKNG, ABNB, RCL: Cyclically Adjusted PS Ratio Comparison

For the Travel Services subindustry, AirTrip'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.


AirTrip Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, AirTrip's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:6191
77GF Score
AirTrip Corp TSE:6191
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AirTrip 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.

AirTrip's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=828.00/1028.02
=0.81

* 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.

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

For example, AirTrip'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)
=416.497/113.6000*113.6000
=416.497

Current CPI (Jun. 2026) = 113.6000.

AirTrip Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 71.462 98.000 82.838
201612 68.966 98.400 79.619
201703 72.615 98.100 84.088
201706 82.892 98.500 95.599
201709 88.504 98.800 101.762
201712 91.866 99.400 104.990
201803 101.666 99.200 116.424
201806 160.069 99.200 183.305
201809 329.981 99.900 375.234
201812 265.118 99.700 302.080
201903 310.323 99.700 353.588
201906 294.511 99.800 335.235
201909 399.491 100.100 453.368
201912 395.363 100.500 446.898
202003 336.151 100.300 380.725
202006 157.559 99.900 179.166
202009 157.514 99.900 179.115
202012 301.928 99.300 345.408
202103 216.162 99.900 245.806
202106 135.902 99.500 155.160
202109 150.641 100.100 170.957
202112 138.342 100.100 157.000
202203 105.674 101.100 118.740
202206 134.438 101.800 150.021
202209 223.710 103.100 246.493
202212 223.134 104.100 243.497
202303 290.874 104.400 316.507
202306 228.840 105.200 247.112
202309 292.595 106.200 312.983
202312 285.173 106.800 303.330
202403 271.060 107.200 287.243
202406 266.444 108.200 279.742
202409 360.520 108.900 376.080
202412 283.574 110.700 291.003
202503 300.325 111.100 307.083
202506 308.951 111.700 314.206
202509 359.409 112.000 364.543
202512 340.249 113.000 342.056
202603 431.233 112.700 434.677
202606 416.497 113.600 416.497

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 0.81 mean?
AirTrip (TSE:6191) has a Cyclically Adjusted PS Ratio of 0.81 as of Aug. 28, 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 AirTrip and its competitors. This is near median its historical median of 0.82. Over the past decade, AirTrip's Cyclically Adjusted PS Ratio has ranged from 0.68 to 1.13. According to the industry distribution chart, AirTrip ranks #241 out of 669 companies in the Travel & Leisure industry, placing it in the top 36%.
Is AirTrip's Cyclically Adjusted PS Ratio too high?
AirTrip's current Cyclically Adjusted PS Ratio of 0.81 is near median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.13. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.32. AirTrip's value of 0.81 is 38.6% below this industry median. Based on the distribution chart, AirTrip ranks #241 out of 669 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, AirTrip has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AirTrip's Cyclically Adjusted PS Ratio compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, AirTrip ranks #241 out of 669 companies for Cyclically Adjusted PS Ratio. This puts AirTrip in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.32. AirTrip's value of 0.81 is 38.6% below this benchmark. Historically, AirTrip's own Cyclically Adjusted PS Ratio has ranged from 0.68 to 1.13 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 1.32, AirTrip 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 Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.32, based on 669 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. AirTrip's current Cyclically Adjusted PS Ratio of 0.81 is 38.6% 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 AirTrip and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AirTrip's current Cyclically Adjusted PS Ratio is 0.81, which is near median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AirTrip stock overvalued right now?
Based on GuruFocus' analysis, AirTrip (TSE:6191) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,347.89, compared to a current price of 円828.00 — trading 38.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.81, which is near median its 10-year median of 0.82 and 38.6% below the Travel & Leisure industry median of 1.32. AirTrip'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 AirTrip (TSE:6191), the current Cyclically Adjusted PS Ratio is 0.81 as of Aug. 28, 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 AirTrip (TSE:6191) Overvalued in 2026?

Based on GuruFocus' analysis, AirTrip stock appears to be undervalued. The current stock price of 円828.00 is trading 38.6% below its estimated GF Value™ of 円1,347.89. GuruFocus considers AirTrip to be Significantly Undervalued.

Key valuation signals for TSE:6191:

  • Cyclically Adjusted PS Ratio: 0.81 (near median its 10-year median of 0.82)
  • GF Value™: 円1,347.89 vs. price of 円828.00 (38.6% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 38.6% below the Travel & Leisure median (#241 of 669)

No single metric tells the full story. See the TSE:6191 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AirTrip Business Description

Address 2-5-1, Atago, 19th Floor, Atago Green Hills MORI Tower, Minato-ku, Tokyo, JPN, 105-6219
AirTrip Corp operates an online travel agency in Japan. The company also provides tourism services. In addition, it offers offshore IT development services, including laboratory offshore development and BPO services. Further, the company engages in the investment business. The group operates in three main business pillars: online travel business, IT offshore development business, and investment business.
77GF Score

Get the complete analysis for TSE:6191

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

円828.00
Price
円1,347.89
GF Value