NTN (TSE:6472) Cyclically Adjusted PS Ratio: 0.25 (As of Jul. 30, 2026) — Near Median

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TSE:6472 NTN Corp TSE:6472
68 GF Score
Price 円372.90
GF Value 円292.99
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is NTN Cyclically Adjusted PS Ratio?

NTN TSE:6472 +2.36% 68 Cyclically Adjusted PS Ratio is 0.25 as of Jul. 30, 2026, which is 9% above its 10-year median of 0.23. GuruFocus rates TSE:6472 with a GF Score™ of 68/100 and a GF Value™ of 円292.99 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,299 Industrial Products companies, NTN ranks better than 91.82% on this metric.

As of today (2026-07-30), NTN's current share price is 円372.90. NTN's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,473.94. NTN's Cyclically Adjusted PS Ratio for today is 0.25.

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

TSE:6472' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.23   Max: 0.52
Current: 0.25

During the past years, NTN's highest Cyclically Adjusted PS Ratio was 0.52. The lowest was 0.13. And the median was 0.23.

TSE:6472's Cyclically Adjusted PS Ratio is ranked better than
91.82% of 2299 companies
in the Industrial Products industry
Industry Median: 1.71 vs TSE:6472: 0.25

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.

NTN's adjusted revenue per share data for the three months ended in Mar. 2026 was 円405.379. 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1,473.94 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NTN  (TSE:6472) 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.


NTN Cyclically Adjusted PS Ratio Related Terms


NTN Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NTN'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.

NTN Cyclically Adjusted PS Ratio Chart

NTN 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 0.17 0.25 0.22 0.17 0.22

NTN 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 0.17 0.16 0.23 0.25 0.22

TSE:6472 vs SNA, RBC, SWK: Cyclically Adjusted PS Ratio Comparison

For the Tools & Accessories subindustry, NTN'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.


NTN Cyclically Adjusted PS Ratio vs Industrial Products Industry

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

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


TSE:6472
68GF Score
NTN Corp TSE:6472
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NTN 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=372.90/1473.94
=0.25

* 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.

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

For example, NTN'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)
=405.379/112.7000*112.7000
=405.379

Current CPI (Mar. 2026) = 112.7000.

NTN Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 314.596 98.100 361.417
201609 300.119 98.000 345.137
201612 322.595 98.400 369.476
201703 348.316 98.100 400.155
201706 337.143 98.500 385.746
201709 336.841 98.800 384.231
201712 358.741 99.400 406.742
201803 368.919 99.200 419.125
201806 356.261 99.200 404.744
201809 340.782 99.900 384.446
201812 342.513 99.700 387.174
201903 341.649 99.700 386.197
201906 323.235 99.800 365.016
201909 306.897 100.100 345.527
201912 302.160 100.500 338.840
202003 295.156 100.300 331.646
202006 173.076 99.900 195.252
202009 277.301 99.900 312.831
202012 301.848 99.300 342.581
202103 307.428 99.900 346.818
202106 294.868 99.500 333.986
202109 280.841 100.100 316.192
202112 305.611 100.100 344.080
202203 327.566 101.100 365.150
202206 325.155 101.800 359.970
202209 375.026 103.100 409.946
202212 371.469 104.100 402.157
202303 385.269 104.400 415.899
202306 378.162 105.200 405.122
202309 393.419 106.200 417.498
202312 356.591 106.800 376.290
202403 363.094 107.200 381.723
202406 334.814 108.200 348.739
202409 382.809 108.900 396.167
202412 380.129 110.700 386.997
202503 396.293 111.100 402.000
202506 375.949 111.700 379.315
202509 340.224 112.000 342.350
202512 338.235 113.000 337.337
202603 405.379 112.700 405.379

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 0.25 mean?
NTN (TSE:6472) has a Cyclically Adjusted PS Ratio of 0.25 as of Jul. 30, 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 NTN and its competitors. This is near median its historical median of 0.23. Over the past decade, NTN's Cyclically Adjusted PS Ratio has ranged from 0.13 to 0.52. According to the industry distribution chart, NTN ranks #188 out of 2299 companies in the Industrial Products industry, placing it in the top 8.2%.
Is NTN's Cyclically Adjusted PS Ratio too high?
NTN's current Cyclically Adjusted PS Ratio of 0.25 is near median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.52. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.71. NTN's value of 0.25 is 85.4% below this industry median. Based on the distribution chart, NTN ranks #188 out of 2299 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, NTN has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NTN's Cyclically Adjusted PS Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, NTN ranks #188 out of 2299 companies for Cyclically Adjusted PS Ratio. This places NTN in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.71. NTN's value of 0.25 is 85.4% below this benchmark. Historically, NTN's own Cyclically Adjusted PS Ratio has ranged from 0.13 to 0.52 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 1.71, NTN 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.71, 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. NTN's current Cyclically Adjusted PS Ratio of 0.25 is 85.4% 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 NTN and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NTN's current Cyclically Adjusted PS Ratio is 0.25, which is near median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTN stock overvalued right now?
Based on GuruFocus' analysis, NTN (TSE:6472) is currently considered Modestly Overvalued. The stock's GF Value™ is 円292.99, compared to a current price of 円372.90 — trading 27.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.25, which is near median its 10-year median of 0.23 and 85.4% below the Industrial Products industry median of 1.71. NTN's overall GF Score™ is 68/100 with 4 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 NTN (TSE:6472), the current Cyclically Adjusted PS Ratio is 0.25 as of Jul. 30, 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 NTN (TSE:6472) Overvalued in 2026?

Based on GuruFocus' analysis, NTN stock appears to be overvalued. The current stock price of 円372.90 is trading 27.3% above its estimated GF Value™ of 円292.99. GuruFocus considers NTN to be Modestly Overvalued.

Key valuation signals for TSE:6472:

  • Cyclically Adjusted PS Ratio: 0.25 (near median its 10-year median of 0.23)
  • GF Value™: 円292.99 vs. price of 円372.90 (27.3% above fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 85.4% below the Industrial Products median (#188 of 2299)

No single metric tells the full story. See the TSE:6472 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NTN Business Description

Other Exchanges NTN:Germany
Address 3-17, 1-chome, Kyomachibori, Nishi-ku, Osaka, JPN, 550-0003
NTN Corp is a Japan-based company that manufactures and sells bearings, constant velocity joints, precision equipment, aftermarket parts, and other mechanical parts. The company's products are used in a wide range of applications, including automobile, electric vehicle, rolling stock, wind turbine, construction and mining machinery, agricultural machinery, machine tools, office equipment, steel manufacturing machinery, paper manufacturing machinery, food machinery, medical equipment, aerospace, and robots. The company has a global presence, with Japan, the Americas, and Europe the three largest markets for the company.
68GF Score

Get the complete analysis for TSE:6472

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

円372.90
Price
円292.99
GF Value