Kikusui Holdings (TSE:6912) Cyclically Adjusted PS Ratio: 1.75 (As of Aug. 13, 2026) — 75% 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:6912 Kikusui Holdings Corp TSE:6912
80 GF Score
Price 円2,347.00
GF Value 円1,645.46
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Kikusui Holdings Cyclically Adjusted PS Ratio?

Kikusui Holdings TSE:6912 +0.95% 80 Cyclically Adjusted PS Ratio is 1.75 as of Aug. 13, 2026, which is 75% above its 10-year median of 1.00. GuruFocus rates TSE:6912 with a GF Score™ of 80/100 and a GF Value™ of 円1,645.46 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,291 Industrial Products companies, Kikusui Holdings ranks better than 51.46% on this metric.

As of today (2026-08-13), Kikusui Holdings's current share price is 円2347.00. Kikusui Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,340.48. Kikusui Holdings's Cyclically Adjusted PS Ratio for today is 1.75.

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

TSE:6912' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.71   Med: 1   Max: 1.86
Current: 1.71

During the past years, Kikusui Holdings's highest Cyclically Adjusted PS Ratio was 1.86. The lowest was 0.71. And the median was 1.00.

TSE:6912's Cyclically Adjusted PS Ratio is ranked better than
51.46% of 2291 companies
in the Industrial Products industry
Industry Median: 1.81 vs TSE:6912: 1.71

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.

Kikusui Holdings's adjusted revenue per share data for the three months ended in Mar. 2026 was 円513.486. 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1,340.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kikusui Holdings  (TSE:6912) 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.


Kikusui Holdings Cyclically Adjusted PS Ratio Related Terms


Kikusui Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kikusui 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.

Kikusui Holdings Cyclically Adjusted PS Ratio Chart

Kikusui 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 1.10 1.20 1.15 0.00 1.46

Kikusui Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.28 1.23 1.42 1.46 0.00

TSE:6912 vs VRT, BE: Cyclically Adjusted PS Ratio Comparison

For the Electrical Equipment & Parts subindustry, Kikusui 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.


Kikusui Holdings Cyclically Adjusted PS Ratio vs Industrial Products Industry

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

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


TSE:6912
80GF Score
Kikusui Holdings Corp TSE:6912
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kikusui 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.

Kikusui Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2347.00/1340.48
=1.75

* 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.

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

For example, Kikusui Holdings'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)
=513.486/112.7000*112.7000
=513.486

Current CPI (Mar. 2026) = 112.7000.

Kikusui Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 294.407 97.900 338.914
201606 202.332 98.100 232.445
201609 218.060 98.000 250.769
201612 207.427 98.400 237.571
201703 291.831 98.100 335.264
201706 188.977 98.500 216.220
201709 231.950 98.800 264.583
201712 204.903 99.400 232.320
201803 326.992 99.200 371.492
201806 212.808 99.200 241.769
201809 259.856 99.900 293.151
201812 271.346 99.700 306.727
201903 332.097 99.700 375.400
201906 234.782 99.800 265.130
201909 268.007 100.100 301.742
201912 263.897 100.500 295.932
202003 330.722 100.300 371.609
202006 191.916 99.900 216.506
202009 229.996 99.900 259.465
202012 239.998 99.300 272.384
202103 321.427 99.900 362.611
202106 266.483 99.500 301.836
202109 295.147 100.100 332.298
202112 292.065 100.100 328.828
202203 355.779 101.100 396.600
202206 277.933 101.800 307.692
202209 373.395 103.100 408.163
202212 360.095 104.100 389.843
202303 432.592 104.400 466.984
202306 340.329 105.200 364.592
202309 342.066 106.200 363.002
202312 349.059 106.800 368.342
202403 461.318 107.200 484.986
202406 324.776 108.200 338.283
202409 391.964 108.900 405.641
202503 0.000 111.100 0.000
202506 367.728 111.700 371.020
202509 426.011 112.000 428.674
202512 458.666 113.000 457.448
202603 513.486 112.700 513.486

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 1.75 mean?
Kikusui Holdings (TSE:6912) has a Cyclically Adjusted PS Ratio of 1.75 as of Aug. 13, 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 Kikusui Holdings and its competitors. This is 75% above median its historical median of 1.00. Over the past decade, Kikusui Holdings' Cyclically Adjusted PS Ratio has ranged from 0.71 to 1.86. According to the industry distribution chart, Kikusui Holdings ranks #1112 out of 2291 companies in the Industrial Products industry, placing it in the top 48.5%.
Is Kikusui Holdings' Cyclically Adjusted PS Ratio too high?
Kikusui Holdings' current Cyclically Adjusted PS Ratio of 1.75 is 75% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 1.86. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.81. Kikusui Holdings' value of 1.75 is 3.3% below this industry median. Based on the distribution chart, Kikusui Holdings ranks #1112 out of 2291 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Kikusui Holdings has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kikusui Holdings' Cyclically Adjusted PS Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Kikusui Holdings ranks #1112 out of 2291 companies for Cyclically Adjusted PS Ratio. This puts Kikusui Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.81. Kikusui Holdings' value of 1.75 is 3.3% below this benchmark. Historically, Kikusui Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.71 to 1.86 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 1.81, Kikusui Holdings 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 1.81, based on 2,291 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. Kikusui Holdings's current Cyclically Adjusted PS Ratio of 1.75 is 3.3% 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 Kikusui Holdings and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kikusui Holdings's current Cyclically Adjusted PS Ratio is 1.75, which is 75% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kikusui Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kikusui Holdings (TSE:6912) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,645.46, compared to a current price of 円2,347.00 — trading 42.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.75, which is 75% above median its 10-year median of 1.00 and 3.3% below the Industrial Products industry median of 1.81. Kikusui Holdings' overall GF Score™ is 80/100 with 3 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 Kikusui Holdings (TSE:6912), the current Cyclically Adjusted PS Ratio is 1.75 as of Aug. 13, 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 Kikusui Holdings (TSE:6912) Overvalued in 2026?

Based on GuruFocus' analysis, Kikusui Holdings stock appears to be overvalued. The current stock price of 円2,347.00 is trading 42.6% above its estimated GF Value™ of 円1,645.46. GuruFocus considers Kikusui Holdings to be Significantly Overvalued.

Key valuation signals for TSE:6912:

  • Cyclically Adjusted PS Ratio: 1.75 (75% above median its 10-year median of 1.00)
  • GF Value™: 円1,645.46 vs. price of 円2,347.00 (42.6% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 3.3% below the Industrial Products median (#1112 of 2291)

No single metric tells the full story. See the TSE:6912 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kikusui Holdings Business Description

Address 6-1 Chigasakichuo, Southwood 4 Floor, Tsuzuki-ku, Kanagawa, Yokohama, JPN, 224-0023
Kikusui Holdings Corp is engaged in the manufacture and sale of electrical instruments business. The activities of the company include production, development, sales, service, quality assurance, and sales promotion.
80GF Score

Get the complete analysis for TSE:6912

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

円2,347.00
Price
円1,645.46
GF Value