NF Holdings (TSE:6864) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:6864 NF Holdings Corp TSE:6864
69 GF Score
Price 円1,589.00
GF Value 円1,145.10
Valuation Significantly Overvalued
! 2 Warning Signs
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What is NF Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


NF Holdings  (TSE:6864) 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.


NF Holdings Cyclically Adjusted PS Ratio Related Terms


NF Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NF Holdings'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.

NF Holdings Cyclically Adjusted PS Ratio Chart

NF Holdings 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 0.84 0.66 0.81 0.76 0.81

NF Holdings 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 0.84 0.83 0.68 0.81 1.07

TSE:6864 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, NF Holdings'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.


NF Holdings Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TSE:6864
69GF Score
NF Holdings Corp TSE:6864
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NF Holdings 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.

NF Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, NF Holdings'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)
=278.064/113.6000*113.6000
=278.064

Current CPI (Jun. 2026) = 113.6000.

NF Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 327.636 98.000 379.790
201612 202.044 98.400 233.254
201703 370.156 98.100 428.641
201706 249.374 98.500 287.603
201709 358.073 98.800 411.711
201712 420.904 99.400 481.033
201803 579.844 99.200 664.015
201806 338.047 99.200 387.118
201809 465.299 99.900 529.109
201812 439.693 99.700 500.994
201903 615.366 99.700 701.159
201906 431.312 99.800 490.952
201909 492.504 100.100 558.926
201912 461.849 100.500 522.050
202003 586.684 100.300 664.480
202006 323.871 99.900 368.286
202009 383.691 99.900 436.309
202012 372.229 99.300 425.833
202103 458.489 99.900 521.365
202106 324.854 99.500 370.889
202109 321.344 100.100 364.682
202112 343.309 100.100 389.609
202203 456.439 101.100 512.873
202206 260.202 101.800 290.363
202209 336.581 103.100 370.859
202212 346.415 104.100 378.028
202303 430.581 104.400 468.525
202306 336.016 105.200 362.846
202309 427.200 106.200 456.967
202312 214.273 106.800 227.916
202403 361.743 107.200 383.340
202406 267.644 108.200 281.001
202409 315.035 108.900 328.632
202412 288.840 110.700 296.407
202503 422.634 111.100 432.144
202506 295.593 111.700 300.621
202509 270.678 112.000 274.545
202512 276.666 113.000 278.135
202603 459.009 112.700 462.675
202606 278.064 113.600 278.064

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 NF Holdings (TSE:6864) Overvalued in 2026?

Based on GuruFocus' analysis, NF Holdings stock appears to be overvalued. The current stock price of 円1,589.00 is trading 38.8% above its estimated GF Value™ of 円1,145.10. GuruFocus considers NF Holdings to be Significantly Overvalued.

Key valuation signals for TSE:6864:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円1,145.10 vs. price of 円1,589.00 (38.8% above fair value)
  • GF Score™: 69/100 with 2 warning signs

No single metric tells the full story. See the TSE:6864 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NF Holdings Business Description

Address 6-3-20 Tsunashimahigashi, Kohoku-ku, Kanagawa Prefecture, Yokohama, JPN, 223-8508
NF Holdings Corp is engaged in providing solutions in measurement and control in Japan. The company is engaged in development, manufacture, and sale of control device-related, power supply control-related, environmental energy-related, and other related equipment, as well as related calibration and repair services.
69GF Score

Get the complete analysis for TSE:6864

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

円1,589.00
Price
円1,145.10
GF Value