Komatsu (TSE:6301) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan 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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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:6301 Komatsu Ltd TSE:6301
84 GF Score
Price 円7,012.00
GF Value 円4,982.45
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Komatsu Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Komatsu  (TSE:6301) 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.


Komatsu Cyclically Adjusted PS Ratio Related Terms


Komatsu Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Komatsu'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.

Komatsu Cyclically Adjusted PS Ratio Chart

Komatsu 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 1.23 1.25 1.54 1.35 1.73

Komatsu 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 1.45 1.55 1.46 1.72 1.75

TSE:6301 vs CAT, DE, PCAR: Cyclically Adjusted PS Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Komatsu'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.


Komatsu Cyclically Adjusted PS Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Komatsu's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:6301
84GF Score
Komatsu Ltd TSE:6301
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Komatsu 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.

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

For example, Komatsu'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)
=1163.41/113.6000*113.6000
=1,163.410

Current CPI (Jun. 2026) = 113.6000.

Komatsu Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 430.982 98.000 499.587
201612 456.070 98.400 526.520
201703 610.363 98.100 706.802
201706 594.352 98.500 685.466
201709 632.918 98.800 727.728
201712 684.825 99.400 782.657
201803 736.127 99.200 842.984
201806 684.001 99.200 783.291
201809 711.447 99.900 809.013
201812 741.716 99.700 845.125
201903 748.148 99.700 852.453
201906 645.382 99.800 734.623
201909 638.490 100.100 724.600
201912 650.031 100.500 734.761
202003 652.692 100.300 739.240
202006 484.928 99.900 551.430
202009 527.701 99.900 600.068
202012 587.299 99.300 671.875
202103 715.754 99.900 813.910
202106 687.747 99.500 785.207
202109 681.044 100.100 772.893
202112 766.468 100.100 869.838
202203 834.102 101.100 937.230
202206 813.973 101.800 908.324
202209 910.192 103.100 1,002.889
202212 977.963 104.100 1,067.210
202303 1,060.466 104.400 1,153.917
202306 954.334 105.200 1,030.536
202309 981.547 106.200 1,049.941
202312 1,029.513 106.800 1,095.063
202403 1,131.964 107.200 1,199.544
202406 1,018.729 108.200 1,069.571
202409 1,088.215 108.900 1,135.181
202412 1,071.837 110.700 1,099.916
202503 1,243.036 111.100 1,271.007
202506 988.886 111.700 1,005.707
202509 1,078.209 112.000 1,093.612
202512 1,132.393 113.000 1,138.406
202603 1,350.871 112.700 1,361.659
202606 1,163.410 113.600 1,163.410

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 Komatsu (TSE:6301) Overvalued in 2026?

Based on GuruFocus' analysis, Komatsu stock appears to be overvalued. The current stock price of 円7,012.00 is trading 40.7% above its estimated GF Value™ of 円4,982.45. GuruFocus considers Komatsu to be Significantly Overvalued.

Key valuation signals for TSE:6301:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円4,982.45 vs. price of 円7,012.00 (40.7% above fair value)
  • GF Score™: 84/100 with 6 warning signs

No single metric tells the full story. See the TSE:6301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Komatsu Business Description

Address 1-2-20 Kaigan, Shiodome Building, Minato-ku, Tokyo, JPN, 105-8316
Komatsu, headquartered in Tokyo, is the world's second-largest manufacturer of construction, mining, and utility equipment, with a legacy dating back to 1921. Operating in over 150 countries, Komatsu delivers a full suite of heavy machinery, intelligent solutions, and lifecycle services across infrastructure, energy, natural resources, and industrial sectors.
84GF Score

Get the complete analysis for TSE:6301

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

円7,012.00
Price
円4,982.45
GF Value