Kel (TSE:6919) Cyclically Adjusted PS Ratio: 0.81 (As of Sep. 22, 2026) — Near Median

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TSE:6919 Kel Corp TSE:6919
69 GF Score
Price 円1,435.00
GF Value 円1,603.97
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Kel Cyclically Adjusted PS Ratio?

Kel TSE:6919 +0.21% 69 Cyclically Adjusted PS Ratio is 0.81 as of Sep. 22, 2026, which is 5% below its 10-year median of 0.85. GuruFocus rates TSE:6919 with a GF Score™ of 69/100 and a GF Value™ of 円1,603.97 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,976 Hardware companies, Kel ranks better than 63.71% on this metric.

As of today (2026-09-22), Kel's current share price is 円1435.00. Kel's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was 円1,763.09. Kel's Cyclically Adjusted PS Ratio for today is 0.81.

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

TSE:6919' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.85   Max: 1.29
Current: 0.82

During the past years, Kel's highest Cyclically Adjusted PS Ratio was 1.29. The lowest was 0.50. And the median was 0.85.

TSE:6919's Cyclically Adjusted PS Ratio is ranked better than
63.71% of 1976 companies
in the Hardware industry
Industry Median: 1.37 vs TSE:6919: 0.82

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.

Kel's adjusted revenue per share data for the three months ended in Jun. 2026 was 円484.504. 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1,763.09 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kel  (TSE:6919) 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.


Kel Cyclically Adjusted PS Ratio Related Terms


Kel Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kel'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.

Kel Cyclically Adjusted PS Ratio Chart

Kel 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 0.97 1.19 1.18 0.80 0.82

Kel 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 0.79 0.83 0.82 0.82 0.78

TSE:6919 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Kel'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.


Kel Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TSE:6919
69GF Score
Kel Corp TSE:6919
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kel 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.

Kel's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1435.00/1763.085
=0.81

* 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.

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

For example, Kel'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)
=484.504/113.6000*113.6000
=484.504

Current CPI (Jun. 2026) = 113.6000.

Kel Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 331.336 98.000 384.079
201612 337.693 98.400 389.857
201703 365.406 98.100 423.141
201706 327.580 98.500 377.798
201709 386.426 98.800 444.312
201712 352.880 99.400 403.291
201803 361.543 99.200 414.025
201806 351.166 99.200 402.142
201809 356.556 99.900 405.453
201812 360.082 99.700 410.284
201903 333.893 99.700 380.444
201906 349.139 99.800 397.417
201909 367.740 100.100 417.335
201912 365.275 100.500 412.888
202003 375.460 100.300 425.247
202006 345.501 99.900 392.882
202009 310.445 99.900 353.019
202012 360.346 99.300 412.239
202103 382.352 99.900 434.787
202106 425.952 99.500 486.313
202109 421.208 100.100 478.014
202112 454.881 100.100 516.229
202203 458.622 101.100 515.326
202206 472.534 101.800 527.307
202209 488.621 103.100 538.384
202212 532.933 104.100 581.568
202303 501.376 104.400 545.559
202306 457.144 105.200 493.646
202309 419.845 106.200 449.100
202312 403.380 106.800 429.063
202403 402.835 107.200 426.885
202406 428.466 108.200 449.850
202409 406.016 108.900 423.539
202412 395.369 110.700 405.726
202503 403.177 111.100 412.249
202506 405.123 111.700 412.014
202509 432.338 112.000 438.514
202512 457.525 113.000 459.954
202603 472.695 112.700 476.470
202606 484.504 113.600 484.504

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 0.81 mean?
Kel (TSE:6919) has a Cyclically Adjusted PS Ratio of 0.81 as of Sep. 22, 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 Kel and its competitors. This is near median its historical median of 0.85. Over the past decade, Kel's Cyclically Adjusted PS Ratio has ranged from 0.50 to 1.29. According to the industry distribution chart, Kel ranks #717 out of 1976 companies in the Hardware industry, placing it in the top 36.3%.
Is Kel's Cyclically Adjusted PS Ratio too high?
Kel's current Cyclically Adjusted PS Ratio of 0.81 is near median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 1.29. The Hardware industry median Cyclically Adjusted PS Ratio is 1.37. Kel's value of 0.81 is 40.9% below this industry median. Based on the distribution chart, Kel ranks #717 out of 1976 companies in the Hardware industry, which is above the industry midpoint. Overall, Kel has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kel's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Kel ranks #717 out of 1976 companies for Cyclically Adjusted PS Ratio. This puts Kel in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.37. Kel's value of 0.81 is 40.9% below this benchmark. Historically, Kel's own Cyclically Adjusted PS Ratio has ranged from 0.50 to 1.29 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 1.37, Kel 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 1.37, based on 1,976 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. Kel's current Cyclically Adjusted PS Ratio of 0.81 is 40.9% 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 Kel and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kel's current Cyclically Adjusted PS Ratio is 0.81, which is near median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kel stock overvalued right now?
Based on GuruFocus' analysis, Kel (TSE:6919) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,603.97, compared to a current price of 円1,435.00 — trading 10.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.81, which is near median its 10-year median of 0.85 and 40.9% below the Hardware industry median of 1.37. Kel's overall GF Score™ is 69/100 with 5 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 Kel (TSE:6919), the current Cyclically Adjusted PS Ratio is 0.81 as of Sep. 22, 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 Kel (TSE:6919) Overvalued in 2026?

Based on GuruFocus' analysis, Kel stock appears to be undervalued. The current stock price of 円1,435.00 is trading 10.5% below its estimated GF Value™ of 円1,603.97. GuruFocus considers Kel to be Modestly Undervalued.

Key valuation signals for TSE:6919:

  • Cyclically Adjusted PS Ratio: 0.81 (near median its 10-year median of 0.85)
  • GF Value™: 円1,603.97 vs. price of 円1,435.00 (10.5% below fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 40.9% below the Hardware median (#717 of 1976)

No single metric tells the full story. See the TSE:6919 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kel Business Description

Address 6-17-7 Nagayama, Tama-shi, Tokyo, JPN, 206-0025
Kel Corporation is a Japanese manufacturer of electronic components, primarily connectors, integrated circuit sockets, switches, terminal blocks, racks, and wiring harnesses. Its products are used in a range of electronic equipment, including cellular phones, notebook computers, personal computers, and other devices. The company serves electronics manufacturers and industrial customers, supplying both standard and custom interconnect components. Its business is organized around the design, production, and sale of these components, generating revenue through product sales to original equipment manufacturers and related customers. Kel Corporation operates primarily in Japan, with additional sales activity in other Asian and international markets where its electronics manufacturing customer base is located. The company competes in the connector and socket market, where demand is tied to the broader electronics and computing industries.
69GF Score

Get the complete analysis for TSE:6919

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

円1,435.00
Price
円1,603.97
GF Value