Kel (TSE:6919) Cyclically Adjusted PS Ratio: (As of Sep. 22, 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.
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: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
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What is Kel Cyclically Adjusted PS Ratio?

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.
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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 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.

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:
  • 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

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 manufacturer of connectors, circuit sockets, racks, and harnesses. Its products include connectors, integrated circuit sockets, switches and terminal blocks, which are applied in cellular phones, notebooks, and PC, among others.
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