Fulltech Co (TSE:6546) Cyclically Adjusted PS Ratio: 0.45 (As of Jul. 31, 2026) — Near Median

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TSE:6546 Fulltech Co Ltd TSE:6546
74 GF Score
Price 円1,121.00
GF Value 円1,225.98
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Fulltech Co Cyclically Adjusted PS Ratio?

Fulltech Co TSE:6546 -0.53% 74 Cyclically Adjusted PS Ratio is 0.45 as of Jul. 31, 2026, which is 2% below its 10-year median of 0.46. GuruFocus rates TSE:6546 with a GF Score™ of 74/100 and a GF Value™ of 円1,225.98 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,300 Industrial Products companies, Fulltech Co ranks better than 82.74% on this metric.

As of today (2026-07-31), Fulltech Co's current share price is 円1121.00. Fulltech Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was 円2,472.51. Fulltech Co's Cyclically Adjusted PS Ratio for today is 0.45.

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

TSE:6546' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.46   Max: 0.48
Current: 0.46

During the past 11 years, Fulltech Co's highest Cyclically Adjusted PS Ratio was 0.48. The lowest was 0.44. And the median was 0.46.

TSE:6546's Cyclically Adjusted PS Ratio is ranked better than
82.74% of 2300 companies
in the Industrial Products industry
Industry Median: 1.695 vs TSE:6546: 0.46

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.

Fulltech Co's adjusted revenue per share data of for the fiscal year that ended in Dec25 was 円2,527.334. 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2,472.51 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fulltech Co  (TSE:6546) 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.


Fulltech Co Cyclically Adjusted PS Ratio Related Terms


Fulltech Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fulltech 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.

Fulltech Co Cyclically Adjusted PS Ratio Chart

Fulltech Co Annual Data
Trend Mar16 Mar17 Mar18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.48 0.47

Fulltech Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.00 0.00 0.00 0.47 0.00

TSE:6546 vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Fulltech 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.


Fulltech Co Cyclically Adjusted PS Ratio vs Industrial Products Industry

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

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


TSE:6546
74GF Score
Fulltech Co Ltd TSE:6546
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fulltech Co 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.

Fulltech Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1121.00/2472.51
=0.45

* 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.

Fulltech Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Fulltech Co's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=2527.334/113.0000*113.0000
=2,527.334

Current CPI (Dec25) = 113.0000.

Fulltech Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201603 2,008.849 97.900 2,318.692
201703 2,359.629 98.100 2,718.023
201803 2,024.466 99.200 2,306.095
201912 2,135.080 100.500 2,400.637
202012 2,174.104 99.300 2,474.056
202112 2,143.464 100.100 2,419.695
202212 2,223.805 104.100 2,413.929
202312 2,381.614 106.800 2,519.872
202412 2,573.347 110.700 2,626.813
202512 2,527.334 113.000 2,527.334

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 0.45 mean?
Fulltech Co (TSE:6546) has a Cyclically Adjusted PS Ratio of 0.45 as of Jul. 31, 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 Fulltech Co and its competitors. This is near median its historical median of 0.46. Over the past decade, Fulltech Co's Cyclically Adjusted PS Ratio has ranged from 0.44 to 0.48. According to the industry distribution chart, Fulltech Co ranks #397 out of 2300 companies in the Industrial Products industry, placing it in the top 17.3%.
Is Fulltech Co's Cyclically Adjusted PS Ratio too high?
Fulltech Co's current Cyclically Adjusted PS Ratio of 0.45 is near median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 0.48. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.70. Fulltech Co's value of 0.45 is 73.5% below this industry median. Based on the distribution chart, Fulltech Co ranks #397 out of 2300 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Fulltech Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fulltech Co's Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Fulltech Co ranks #397 out of 2300 companies for Cyclically Adjusted PS Ratio. This places Fulltech Co in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.70. Fulltech Co's value of 0.45 is 73.5% below this benchmark. Historically, Fulltech Co's own Cyclically Adjusted PS Ratio has ranged from 0.44 to 0.48 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 1.70, Fulltech 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.70, based on 2,300 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. Fulltech Co's current Cyclically Adjusted PS Ratio of 0.45 is 73.5% 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 Fulltech Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fulltech Co's current Cyclically Adjusted PS Ratio is 0.45, which is near median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fulltech Co stock overvalued right now?
Based on GuruFocus' analysis, Fulltech Co (TSE:6546) is currently considered Fairly Valued. The stock's GF Value™ is 円1,225.98, compared to a current price of 円1,121.00 — trading 8.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.45, which is near median its 10-year median of 0.46 and 73.5% below the Industrial Products industry median of 1.70. Fulltech Co's overall GF Score™ is 74/100 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 Fulltech Co (TSE:6546), the current Cyclically Adjusted PS Ratio is 0.45 as of Jul. 31, 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 Fulltech Co (TSE:6546) Overvalued in 2026?

Based on GuruFocus' analysis, Fulltech Co stock appears to be undervalued. The current stock price of 円1,121.00 is trading 8.6% below its estimated GF Value™ of 円1,225.98. GuruFocus considers Fulltech Co to be Fairly Valued.

Key valuation signals for TSE:6546:

  • Cyclically Adjusted PS Ratio: 0.45 (near median its 10-year median of 0.46)
  • GF Value™: 円1,225.98 vs. price of 円1,121.00 (8.6% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 73.5% below the Industrial Products median (#397 of 2300)

No single metric tells the full story. See the TSE:6546 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fulltech Co Business Description

Address 1-31 Kita 13-jo Nishi 17-chome, Chuo-ku, Sapporo, JPN, 060-0041
Fulltech Co Ltd is engaged in the sale, construction, and maintenance of automatic door operating device, and also manufactures and sells stainless steel fittings. It also sales bicycle parking system, bicycle parking rack, smoking area system.
74GF Score

Get the complete analysis for TSE:6546

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

円1,121.00
Price
円1,225.98
GF Value