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Nikko CoTSE:6306 -0.79%88 Cyclically Adjusted PS Ratio is 0.88 as of Sep. 22, 2026, which is 21% above its 10-year median of 0.73. GuruFocus rates TSE:6306 with a GF Score™ of 88/100 and a GF Value™ of 円902.15 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 172 Farm & Heavy Construction Machinery companies, Nikko Co ranks better than 56.98% on this metric.
The historical rank and industry rank for Nikko Co's Cyclically Adjusted PS Ratio or its related term are showing as below:
TSE:6306'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.56 Med: 0.73 Max: 1.19
Current: 0.88
During the past years, Nikko Co's highest Cyclically Adjusted PS Ratio was 1.19. The lowest was 0.56. And the median was 0.73.
TSE:6306's Cyclically Adjusted PS Ratio is ranked better than 56.98% of 172
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.09
vs TSE:6306: 0.88
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.
Nikko Co's adjusted revenue per share data for the three months ended in Jun. 2026 was 円306.787. 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1,137.76 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Nikko Co (TSE:6306) 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.
Nikko Co Cyclically Adjusted PS Ratio Related Terms
Nikko Co Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Nikko 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.
TSE:6306 vs CAT, DE, PCAR: Cyclically Adjusted PS Ratio Comparison
For the Farm & Heavy Construction Machinery subindustry, Nikko 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.
Nikko Co Cyclically Adjusted PS Ratio vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Nikko Co's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Nikko Co's Cyclically Adjusted PS Ratio falls into.
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.
Nikko Co's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 0.88 mean?
Nikko Co (TSE:6306) has a Cyclically Adjusted PS Ratio of 0.88 as of Sep. 22, 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 Nikko Co and its competitors. This is 21% above median its historical median of 0.73. Over the past decade, Nikko Co's Cyclically Adjusted PS Ratio has ranged from 0.56 to 1.19. According to the industry distribution chart, Nikko Co ranks #74 out of 172 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 43%.
Is Nikko Co's Cyclically Adjusted PS Ratio too high?
Nikko Co's current Cyclically Adjusted PS Ratio of 0.88 is 21% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.19. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PS Ratio is 1.09. Nikko Co's value of 0.88 is 19.3% below this industry median. Based on the distribution chart, Nikko Co ranks #74 out of 172 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Nikko Co has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nikko Co's Cyclically Adjusted PS Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Nikko Co ranks #74 out of 172 companies for Cyclically Adjusted PS Ratio. This puts Nikko Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.09. Nikko Co's value of 0.88 is 19.3% below this benchmark. Historically, Nikko Co's own Cyclically Adjusted PS Ratio has ranged from 0.56 to 1.19 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 1.09, Nikko Co 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 Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PS Ratio among Farm & Heavy Construction Machinery companies is 1.09, based on 172 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. Nikko Co's current Cyclically Adjusted PS Ratio of 0.88 is 19.3% 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 Nikko Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PS Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikko Co's current Cyclically Adjusted PS Ratio is 0.88, which is 21% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikko Co stock overvalued right now?
Based on GuruFocus' analysis, Nikko Co (TSE:6306) is currently considered Modestly Overvalued. The stock's GF Value™ is 円902.15, compared to a current price of 円1,005.00 — trading 11.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.88, which is 21% above median its 10-year median of 0.73 and 19.3% below the Farm & Heavy Construction Machinery industry median of 1.09. Nikko Co's overall GF Score™ is 88/100 with 7 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 Nikko Co (TSE:6306), the current Cyclically Adjusted PS Ratio is 0.88 as of Sep. 22, 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 Nikko Co (TSE:6306) Overvalued in 2026?
Based on GuruFocus' analysis, Nikko Co stock appears to be overvalued.
The current stock price of 円1,005.00 is trading 11.4% above its estimated GF Value™ of 円902.15.
GuruFocus considers Nikko Co to be Modestly Overvalued.
Key valuation signals for TSE:6306:
Cyclically Adjusted PS Ratio: 0.88 (21% above median its 10-year median of 0.73)
GF Value™: 円902.15 vs. price of 円1,005.00 (11.4% above fair value)
Industry Position: 19.3% below the Farm & Heavy Construction Machinery median (#74 of 172)
No single metric tells the full story. See the TSE:6306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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