Daiwa (TSE:6459) Cyclically Adjusted PS Ratio: 1.88 (As of Aug. 02, 2026) — Near Median

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TSE:6459 Daiwa Ltd TSE:6459
78 GF Score
Price 円1,733.00
GF Value 円1,557.49
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Daiwa Cyclically Adjusted PS Ratio?

Daiwa TSE:6459 +1.35% 78 Cyclically Adjusted PS Ratio is 1.88 as of Aug. 02, 2026, which is 8% above its 10-year median of 1.74. GuruFocus rates TSE:6459 with a GF Score™ of 78/100 and a GF Value™ of 円1,557.49 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,299 Industrial Products companies, Daiwa ranks worse than 51.46% on this metric.

As of today (2026-08-02), Daiwa's current share price is 円1733.00. Daiwa's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was 円922.90. Daiwa's Cyclically Adjusted PS Ratio for today is 1.88.

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

TSE:6459' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.19   Med: 1.74   Max: 2.37
Current: 1.83

During the past years, Daiwa's highest Cyclically Adjusted PS Ratio was 2.37. The lowest was 1.19. And the median was 1.74.

TSE:6459's Cyclically Adjusted PS Ratio is ranked worse than
51.46% of 2299 companies
in the Industrial Products industry
Industry Median: 1.69 vs TSE:6459: 1.83

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.

Daiwa's adjusted revenue per share data for the three months ended in Dec. 2025 was 円229.113. 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922.90 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daiwa  (TSE:6459) 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.


Daiwa Cyclically Adjusted PS Ratio Related Terms


Daiwa Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Daiwa'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.

Daiwa Cyclically Adjusted PS Ratio Chart

Daiwa Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.75 1.44 1.82 1.73 1.72

Daiwa Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.90 1.83 1.82 1.72 0.00

TSE:6459 vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Daiwa'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.


Daiwa Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Daiwa's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:6459
78GF Score
Daiwa Ltd TSE:6459
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daiwa 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1733.00/922.90
=1.88

* 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.

Daiwa's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Daiwa's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=229.113/113.0000*113.0000
=229.113

Current CPI (Dec. 2025) = 113.0000.

Daiwa Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 158.775 97.900 183.264
201606 188.626 98.100 217.276
201609 208.050 98.000 239.894
201612 173.236 98.400 198.940
201703 160.794 98.100 185.216
201706 191.560 98.500 219.759
201709 212.227 98.800 242.729
201712 174.185 99.400 198.017
201803 166.270 99.200 189.400
201806 198.627 99.200 226.259
201809 224.021 99.900 253.397
201812 187.749 99.700 212.795
201903 170.845 99.700 193.636
201906 208.120 99.800 235.647
201909 229.448 100.100 259.017
201912 176.214 100.500 198.131
202003 170.437 100.300 192.018
202006 168.638 99.900 190.752
202009 237.399 99.900 268.529
202012 201.994 99.300 229.862
202103 187.826 99.900 212.456
202106 222.921 99.500 253.167
202109 237.079 100.100 267.632
202112 212.427 100.100 239.803
202203 189.979 101.100 212.341
202206 223.257 101.800 247.820
202209 234.934 103.100 257.493
202212 220.690 104.100 239.558
202303 218.440 104.400 236.434
202306 240.621 105.200 258.462
202309 258.669 106.200 275.232
202312 213.495 106.800 225.889
202403 213.457 107.200 225.006
202406 248.575 108.200 259.602
202409 267.418 108.900 277.486
202412 241.685 110.700 246.706
202503 212.505 111.100 216.139
202506 245.462 111.700 248.319
202509 263.405 112.000 265.757
202512 229.113 113.000 229.113

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 1.88 mean?
Daiwa (TSE:6459) has a Cyclically Adjusted PS Ratio of 1.88 as of Aug. 02, 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 Daiwa and its competitors. This is near median its historical median of 1.74. Over the past decade, Daiwa's Cyclically Adjusted PS Ratio has ranged from 1.19 to 2.37. According to the industry distribution chart, Daiwa ranks #1183 out of 2299 companies in the Industrial Products industry, placing it in the top 51.5%.
Is Daiwa's Cyclically Adjusted PS Ratio too high?
Daiwa's current Cyclically Adjusted PS Ratio of 1.88 is near median its 10-year median of 1.74. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 2.37. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.69. Daiwa's value of 1.88 is 11.2% above this industry median. Based on the distribution chart, Daiwa ranks #1183 out of 2299 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Daiwa has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daiwa's Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Daiwa ranks #1183 out of 2299 companies for Cyclically Adjusted PS Ratio. This places Daiwa in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.69. Daiwa's value of 1.88 is 11.2% above this benchmark. Historically, Daiwa's own Cyclically Adjusted PS Ratio has ranged from 1.19 to 2.37 over the past decade. While the company's 10-year median is 1.74 vs. the industry median of 1.69, Daiwa has consistently been above 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.69, based on 2,299 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. Daiwa's current Cyclically Adjusted PS Ratio of 1.88 is 11.2% above 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 Daiwa and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa's current Cyclically Adjusted PS Ratio is 1.88, which is near median its own 10-year median of 1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa stock overvalued right now?
Based on GuruFocus' analysis, Daiwa (TSE:6459) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,557.49, compared to a current price of 円1,733.00 — trading 11.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.88, which is near median its 10-year median of 1.74 and 11.2% above the Industrial Products industry median of 1.69. Daiwa's overall GF Score™ is 78/100 with 2 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 Daiwa (TSE:6459), the current Cyclically Adjusted PS Ratio is 1.88 as of Aug. 02, 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 Daiwa (TSE:6459) Overvalued in 2026?

Based on GuruFocus' analysis, Daiwa stock appears to be overvalued. The current stock price of 円1,733.00 is trading 11.3% above its estimated GF Value™ of 円1,557.49. GuruFocus considers Daiwa to be Modestly Overvalued.

Key valuation signals for TSE:6459:

  • Cyclically Adjusted PS Ratio: 1.88 (near median its 10-year median of 1.74)
  • GF Value™: 円1,557.49 vs. price of 円1,733.00 (11.3% above fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 11.2% above the Industrial Products median (#1183 of 2299)

No single metric tells the full story. See the TSE:6459 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daiwa Business Description

Address 3-13 Kobashi-cho, Tennoji-ku, Osaka, JPN, 543-0028
Daiwa Industries Ltd is a Japanese company engaged in the manufacturing and sales of commercial freezers and refrigerators, display cases, ice makers, and refrigeration equipment for store kitchens. The company's business activities also include the installation of refrigeration and heating equipment, and the manufacturing and sales of various parts, as well as the manufacturing, sales, and leasing of kitchen equipment, devices, and parts, planning, design, and construction of stores and kitchens.
78GF Score

Get the complete analysis for TSE:6459

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

円1,733.00
Price
円1,557.49
GF Value