Japan Electronic Materials (TSE:6855) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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.
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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:6855 Japan Electronic Materials Corp TSE:6855
83 GF Score
Price 円7,190.00
GF Value 円4,441.37
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Japan Electronic Materials Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Electronic Materials  (TSE:6855) 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 Electronic Materials Cyclically Adjusted PS Ratio Related Terms


Japan Electronic Materials Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Japan Electronic Materials'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 Electronic Materials Cyclically Adjusted PS Ratio Chart

Japan Electronic Materials 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 1.53 1.04 1.81 1.09 2.95

Japan Electronic Materials Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 1.46 2.03 2.21 2.94 4.23

TSE:6855 vs LRCX, AMAT, KLAC: Cyclically Adjusted PS Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Japan Electronic Materials'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 Electronic Materials Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


TSE:6855
83GF Score
Japan Electronic Materials Corp TSE:6855
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Electronic Materials 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 Electronic Materials's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Japan Electronic Materials's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=658.202/113.6000*113.6000
=658.202

Current CPI (Jun. 2026) = 113.6000.

Japan Electronic Materials Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 316.919 98.000 367.367
201612 280.845 98.400 324.228
201703 367.158 98.100 425.170
201706 291.151 98.500 335.784
201709 322.114 98.800 370.366
201712 387.462 99.400 442.814
201803 359.604 99.200 411.805
201806 322.788 99.200 369.644
201809 381.231 99.900 433.512
201812 319.851 99.700 364.444
201903 337.510 99.700 384.565
201906 301.350 99.800 343.020
201909 342.609 100.100 388.815
201912 418.252 100.500 472.770
202003 417.496 100.300 472.857
202006 395.505 99.900 449.743
202009 377.929 99.900 429.757
202012 475.535 99.300 544.016
202103 473.475 99.900 538.406
202106 399.017 99.500 455.561
202109 533.082 100.100 604.976
202112 501.508 100.100 569.144
202203 490.759 101.100 551.436
202206 340.933 101.800 380.452
202209 417.938 103.100 460.502
202212 460.684 104.100 502.725
202303 429.041 104.400 466.849
202306 328.099 105.200 354.297
202309 305.960 106.200 327.279
202312 317.284 106.800 337.486
202403 431.781 107.200 457.559
202406 395.279 108.200 415.006
202409 383.881 108.900 400.449
202412 387.681 110.700 397.837
202503 719.708 111.100 735.903
202506 430.432 111.700 437.754
202509 544.293 112.000 552.069
202512 660.291 113.000 663.797
202603 664.521 112.700 669.828
202606 658.202 113.600 658.202

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.

Is Japan Electronic Materials (TSE:6855) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Electronic Materials stock appears to be overvalued. The current stock price of 円7,190.00 is trading 61.9% above its estimated GF Value™ of 円4,441.37. GuruFocus considers Japan Electronic Materials to be Significantly Overvalued.

Key valuation signals for TSE:6855:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円4,441.37 vs. price of 円7,190.00 (61.9% above fair value)
  • GF Score™: 83/100 with 2 warning signs

No single metric tells the full story. See the TSE:6855 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Electronic Materials Business Description

Address 2-5-13 Nishinagasucho, Hyogo Prefecture, Amagasaki, JPN, 660-0805
Japan Electronic Materials Corp is engaged in the development, manufacture, and sale of semiconductor testing components and electron tube components in Japan. Its product portfolio comprises heaters and cathodes for receiving tubes and CRTs, filaments for fluorescent display tubes, directly heated cathodes, and probe cards, among others. The group's business segments are Semiconductor inspection parts related business, which derives maximum revenue, and Electron tube parts related business.
83GF Score

Get the complete analysis for TSE:6855

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

円7,190.00
Price
円4,441.37
GF Value