TESEC (TSE:6337) Cyclically Adjusted PS Ratio: 2.81 (As of Sep. 14, 2026) — 37% Above Median

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TSE:6337 TESEC Corp TSE:6337
71 GF Score
Price 円3,300.00
GF Value 円1,841.07
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is TESEC Cyclically Adjusted PS Ratio?

TESEC TSE:6337 -3.79% 71 Cyclically Adjusted PS Ratio is 2.81 as of Sep. 14, 2026, which is 37% above its 10-year median of 2.05. GuruFocus rates TSE:6337 with a GF Score™ of 71/100 and a GF Value™ of 円1,841.07 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 736 Semiconductors companies, TESEC ranks better than 52.17% on this metric.

As of today (2026-09-14), TESEC's current share price is 円3300.00. TESEC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,173.79. TESEC's Cyclically Adjusted PS Ratio for today is 2.81.

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

TSE:6337' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.81   Med: 2.05   Max: 4.26
Current: 2.81

During the past years, TESEC's highest Cyclically Adjusted PS Ratio was 4.26. The lowest was 0.81. And the median was 2.05.

TSE:6337's Cyclically Adjusted PS Ratio is ranked better than
52.17% of 736 companies
in the Semiconductors industry
Industry Median: 3.15 vs TSE:6337: 2.81

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.

TESEC's adjusted revenue per share data for the three months ended in Mar. 2026 was 円292.250. 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1,173.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TESEC  (TSE:6337) 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.


TESEC Cyclically Adjusted PS Ratio Related Terms


TESEC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TESEC'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.

TESEC Cyclically Adjusted PS Ratio Chart

TESEC 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 2.40 2.76 2.23 0.00 2.01

TESEC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.73 1.78 2.01 0.00

TSE:6337 vs LRCX, AMAT, KLAC: Cyclically Adjusted PS Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, TESEC'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.


TESEC Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, TESEC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:6337
71GF Score
TESEC Corp TSE:6337
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TESEC 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3300.00/1173.79
=2.81

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=292.25/112.7000*112.7000
=292.250

Current CPI (Mar. 2026) = 112.7000.

TESEC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 103.558 97.900 119.213
201606 154.922 98.100 177.979
201609 149.230 98.000 171.615
201612 217.030 98.400 248.570
201703 203.753 98.100 234.077
201706 194.936 98.500 223.038
201709 218.269 98.800 248.977
201712 315.808 99.400 358.064
201803 309.966 99.200 352.149
201806 305.418 99.200 346.982
201809 335.635 99.900 378.639
201812 303.771 99.700 343.380
201903 328.731 99.700 371.595
201906 173.513 99.800 195.941
201909 192.600 100.100 216.843
201912 167.640 100.500 187.990
202003 202.514 100.300 227.551
202006 70.290 99.900 79.296
202009 176.314 99.900 198.905
202012 162.153 99.300 184.035
202103 201.806 99.900 227.663
202106 325.293 99.500 368.447
202109 300.636 100.100 338.478
202112 313.153 100.100 352.571
202203 390.382 101.100 435.174
202206 286.650 101.800 317.342
202209 486.553 103.100 531.858
202212 396.780 104.100 429.559
202303 380.196 104.400 410.422
202306 450.197 105.200 482.293
202309 316.515 106.200 335.887
202312 392.224 106.800 413.892
202403 387.516 107.200 407.398
202406 234.803 108.200 244.568
202409 237.303 108.900 245.584
202503 0.000 111.100 0.000
202506 200.827 111.700 202.625
202509 288.164 112.000 289.965
202512 254.269 113.000 253.594
202603 292.250 112.700 292.250

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 2.81 mean?
TESEC (TSE:6337) has a Cyclically Adjusted PS Ratio of 2.81 as of Sep. 14, 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 TESEC and its competitors. This is 37% above median its historical median of 2.05. Over the past decade, TESEC's Cyclically Adjusted PS Ratio has ranged from 0.81 to 4.26. According to the industry distribution chart, TESEC ranks #352 out of 736 companies in the Semiconductors industry, placing it in the top 47.8%.
Is TESEC's Cyclically Adjusted PS Ratio too high?
TESEC's current Cyclically Adjusted PS Ratio of 2.81 is 37% above median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 4.26. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.15. TESEC's value of 2.81 is 10.8% below this industry median. Based on the distribution chart, TESEC ranks #352 out of 736 companies in the Semiconductors industry, which is above the industry midpoint. Overall, TESEC has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TESEC's Cyclically Adjusted PS Ratio compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, TESEC ranks #352 out of 736 companies for Cyclically Adjusted PS Ratio. This puts TESEC in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.15. TESEC's value of 2.81 is 10.8% below this benchmark. Historically, TESEC's own Cyclically Adjusted PS Ratio has ranged from 0.81 to 4.26 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 3.15, TESEC 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 Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.15, based on 736 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. TESEC's current Cyclically Adjusted PS Ratio of 2.81 is 10.8% 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 TESEC and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TESEC's current Cyclically Adjusted PS Ratio is 2.81, which is 37% above median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TESEC stock overvalued right now?
Based on GuruFocus' analysis, TESEC (TSE:6337) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,841.07, compared to a current price of 円3,300.00 — trading 79.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.81, which is 37% above median its 10-year median of 2.05 and 10.8% below the Semiconductors industry median of 3.15. TESEC's overall GF Score™ is 71/100 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 TESEC (TSE:6337), the current Cyclically Adjusted PS Ratio is 2.81 as of Sep. 14, 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 TESEC (TSE:6337) Overvalued in 2026?

Based on GuruFocus' analysis, TESEC stock appears to be overvalued. The current stock price of 円3,300.00 is trading 79.2% above its estimated GF Value™ of 円1,841.07. GuruFocus considers TESEC to be Significantly Overvalued.

Key valuation signals for TSE:6337:

  • Cyclically Adjusted PS Ratio: 2.81 (37% above median its 10-year median of 2.05)
  • GF Value™: 円1,841.07 vs. price of 円3,300.00 (79.2% above fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 10.8% below the Semiconductors median (#352 of 736)

No single metric tells the full story. See the TSE:6337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TESEC Business Description

Address 391-1, Kamikitadai 3-chome, Higashiyamato, Tokyo, JPN, 207-0023
TESEC Corp is a manufacturer of semiconductor test equipment. The company's product profile is divided into Test Systems and Handlers. Test Systems include products such as Dynamic Test System, Thermal Resistance Tester, Discrete Device Test System, IPD/IPM Test system, and others. Handlers comprise of Strip Test Handler, Die Sorter, Discrete Handler, TAB Handler, Film Frame Test Handler, Gravity Handler, and other related products. It also provides after-sales services.
71GF Score

Get the complete analysis for TSE:6337

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

円3,300.00
Price
円1,841.07
GF Value