Japan Display (TSE:6740) Cyclically Adjusted PS Ratio: 0.09 (As of Jul. 30, 2026) — 200% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:6740 Japan Display Inc TSE:6740
29 GF Score
Price 円44.00
GF Value 円9.49
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Japan Display Cyclically Adjusted PS Ratio?

Japan Display TSE:6740 -4.35% 29 Cyclically Adjusted PS Ratio is 0.09 as of Jul. 30, 2026, which is 200% above its 10-year median of 0.03. GuruFocus rates TSE:6740 with a GF Score™ of 29/100 and a GF Value™ of 円9.49 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,975 Hardware companies, Japan Display ranks better than 96.56% on this metric.

As of today (2026-07-30), Japan Display's current share price is 円44.00. Japan Display's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円497.69. Japan Display's Cyclically Adjusted PS Ratio for today is 0.09.

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

TSE:6740' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.03   Max: 0.22
Current: 0.09

During the past years, Japan Display's highest Cyclically Adjusted PS Ratio was 0.22. The lowest was 0.02. And the median was 0.03.

TSE:6740's Cyclically Adjusted PS Ratio is ranked better than
96.56% of 1975 companies
in the Hardware industry
Industry Median: 1.34 vs TSE:6740: 0.09

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.

Japan Display's adjusted revenue per share data for the three months ended in Mar. 2026 was 円5.664. 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497.69 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Display  (TSE:6740) 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.


Japan Display Cyclically Adjusted PS Ratio Related Terms


Japan Display Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Japan Display'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.

Japan Display Cyclically Adjusted PS Ratio Chart

Japan Display 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 0.00 0.00 0.03 0.03 0.14

Japan Display 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 0.03 0.03 0.04 0.04 0.14

TSE:6740 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Japan Display'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.


Japan Display Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TSE:6740
29GF Score
Japan Display Inc TSE:6740
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Display 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.

Japan Display's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=44.00/497.69
=0.09

* 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.

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

For example, Japan Display'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)
=5.664/112.7000*112.7000
=5.664

Current CPI (Mar. 2026) = 112.7000.

Japan Display Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 289.888 98.100 333.031
201609 326.966 98.000 376.011
201612 454.278 98.400 520.296
201703 399.475 98.100 458.928
201706 313.575 98.500 358.781
201709 308.055 98.800 351.395
201712 318.803 99.400 361.460
201803 252.629 99.200 287.009
201806 132.138 99.200 150.120
201809 131.116 99.900 147.916
201812 296.660 99.700 335.342
201903 202.478 99.700 228.879
201906 106.860 99.800 120.673
201909 174.128 100.100 196.046
201912 177.286 100.500 198.807
202003 45.800 100.300 51.462
202006 38.144 99.900 43.031
202009 47.625 99.900 53.727
202012 30.057 99.300 34.113
202103 27.245 99.900 30.736
202106 25.291 99.500 28.646
202109 28.327 100.100 31.893
202112 28.232 100.100 31.786
202203 32.151 101.100 35.840
202206 12.109 101.800 13.406
202209 30.205 103.100 33.017
202212 25.941 104.100 28.084
202303 13.168 104.400 14.215
202306 8.563 105.200 9.173
202309 17.237 106.200 18.292
202312 15.589 106.800 16.450
202403 9.498 107.200 9.985
202406 14.410 108.200 15.009
202409 7.594 108.900 7.859
202412 10.449 110.700 10.638
202503 7.199 111.100 7.303
202506 8.361 111.700 8.436
202509 5.492 112.000 5.526
202512 7.949 113.000 7.928
202603 5.664 112.700 5.664

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 0.09 mean?
Japan Display (TSE:6740) has a Cyclically Adjusted PS Ratio of 0.09 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 Japan Display and its competitors. This is 200% above median its historical median of 0.03. Over the past decade, Japan Display's Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.22. According to the industry distribution chart, Japan Display ranks #68 out of 1975 companies in the Hardware industry, placing it in the top 3.4%.
Is Japan Display's Cyclically Adjusted PS Ratio too high?
Japan Display's current Cyclically Adjusted PS Ratio of 0.09 is 200% above median its 10-year median of 0.03. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.22. The Hardware industry median Cyclically Adjusted PS Ratio is 1.34. Japan Display's value of 0.09 is 93.3% below this industry median. Based on the distribution chart, Japan Display ranks #68 out of 1975 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Display has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Display's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Japan Display ranks #68 out of 1975 companies for Cyclically Adjusted PS Ratio. This places Japan Display in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.34. Japan Display's value of 0.09 is 93.3% below this benchmark. Historically, Japan Display's own Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.22 over the past decade. While the company's 10-year median is 0.03 vs. the industry median of 1.34, Japan Display 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.34, based on 1,975 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. Japan Display's current Cyclically Adjusted PS Ratio of 0.09 is 93.3% 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 Japan Display and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Display's current Cyclically Adjusted PS Ratio is 0.09, which is 200% above median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Display stock overvalued right now?
Based on GuruFocus' analysis, Japan Display (TSE:6740) is currently considered Significantly Overvalued. The stock's GF Value™ is 円9.49, compared to a current price of 円44.00 — trading 363.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.09, which is 200% above median its 10-year median of 0.03 and 93.3% below the Hardware industry median of 1.34. Japan Display's overall GF Score™ is 29/100 with 6 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 Japan Display (TSE:6740), the current Cyclically Adjusted PS Ratio is 0.09 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 Japan Display (TSE:6740) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Display stock appears to be overvalued. The current stock price of 円44.00 is trading 363.6% above its estimated GF Value™ of 円9.49. GuruFocus considers Japan Display to be Significantly Overvalued.

Key valuation signals for TSE:6740:

  • Cyclically Adjusted PS Ratio: 0.09 (200% above median its 10-year median of 0.03)
  • GF Value™: 円9.49 vs. price of 円44.00 (363.6% above fair value)
  • GF Score™: 29/100 with 6 warning signs
  • Industry Position: 93.3% below the Hardware median (#68 of 1975)

No single metric tells the full story. See the TSE:6740 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Display Business Description

Address Landic 2nd Building, 3-7-1, Nishi-shinbashi, Minato-ku, Tokyo, JPN, 105-0003
Japan Display Inc is engaged in the development, production, and sale of small and medium-sized display devices and related products. Its products are divided into two categories: Mobile Device and Automotive and Non-Mobile. The Mobile Device category includes displays for smartphones, tablets and mobile phone devices. The Automotive and Non-Mobile category includes displays for automotive applications, consumer electronics, and industrial devices as well as income from patents and other sources. The company's business operations span across Europe, Korea, China, Philippines, America, and Hong Kong.
29GF Score

Get the complete analysis for TSE:6740

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

円44.00
Price
円9.49
GF Value