Ushio (TSE:6925) Cyclically Adjusted PS Ratio: 2.41 (As of Aug. 03, 2026) — 83% Above Median

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TSE:6925 Ushio Inc TSE:6925
87 GF Score
Price 円3,798.00
GF Value 円2,857.33
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Ushio Cyclically Adjusted PS Ratio?

Ushio TSE:6925 +0.32% 87 Cyclically Adjusted PS Ratio is 2.41 as of Aug. 03, 2026, which is 83% above its 10-year median of 1.32. GuruFocus rates TSE:6925 with a GF Score™ of 87/100 and a GF Value™ of 円2,857.33 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,298 Industrial Products companies, Ushio ranks worse than 64.53% on this metric.

As of today (2026-08-03), Ushio's current share price is 円3798.00. Ushio's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,577.30. Ushio's Cyclically Adjusted PS Ratio for today is 2.41.

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

TSE:6925' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.32   Max: 2.98
Current: 2.64

During the past years, Ushio's highest Cyclically Adjusted PS Ratio was 2.98. The lowest was 0.76. And the median was 1.32.

TSE:6925's Cyclically Adjusted PS Ratio is ranked worse than
64.53% of 2298 companies
in the Industrial Products industry
Industry Median: 1.69 vs TSE:6925: 2.64

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.

Ushio's adjusted revenue per share data for the three months ended in Mar. 2026 was 円620.226. 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1,577.30 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ushio  (TSE:6925) 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.


Ushio Cyclically Adjusted PS Ratio Related Terms


Ushio Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ushio'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.

Ushio Cyclically Adjusted PS Ratio Chart

Ushio 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 1.43 1.24 1.38 1.23 1.79

Ushio Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.23 1.18 1.52 1.61 1.79

TSE:6925 vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Ushio'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.


Ushio Cyclically Adjusted PS Ratio vs Industrial Products Industry

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

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


TSE:6925
87GF Score
Ushio Inc TSE:6925
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ushio 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3798.00/1577.30
=2.41

* 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.

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

For example, Ushio'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)
=620.226/112.7000*112.7000
=620.226

Current CPI (Mar. 2026) = 112.7000.

Ushio Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 311.822 98.100 358.230
201609 330.533 98.000 380.113
201612 330.051 98.400 378.016
201703 374.485 98.100 430.219
201706 326.550 98.500 373.626
201709 340.409 98.800 388.301
201712 348.969 99.400 395.662
201803 342.034 99.200 388.581
201806 312.699 99.200 355.254
201809 333.076 99.900 375.752
201812 310.739 99.700 351.257
201903 337.444 99.700 381.444
201906 310.980 99.800 351.177
201909 351.112 100.100 395.308
201912 314.114 100.500 352.245
202003 322.641 100.300 362.529
202006 196.530 99.900 221.711
202009 234.505 99.900 264.552
202012 251.680 99.300 285.643
202103 299.620 99.900 338.010
202106 290.116 99.500 328.604
202109 303.020 100.100 341.162
202112 315.492 100.100 355.204
202203 324.289 101.100 361.497
202206 331.304 101.800 366.778
202209 408.088 103.100 446.086
202212 342.970 104.100 371.304
202303 396.289 104.400 427.795
202306 336.192 105.200 360.160
202309 401.426 106.200 425.995
202312 437.421 106.800 461.586
202403 449.390 107.200 472.446
202406 369.071 108.200 384.421
202409 479.071 108.900 495.788
202412 430.100 110.700 437.871
202503 511.909 111.100 519.281
202506 434.984 111.700 438.878
202509 495.638 112.000 498.736
202512 532.932 113.000 531.517
202603 620.226 112.700 620.226

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 2.41 mean?
Ushio (TSE:6925) has a Cyclically Adjusted PS Ratio of 2.41 as of Aug. 03, 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 Ushio and its competitors. This is 83% above median its historical median of 1.32. Over the past decade, Ushio's Cyclically Adjusted PS Ratio has ranged from 0.76 to 2.98. According to the industry distribution chart, Ushio ranks #1483 out of 2298 companies in the Industrial Products industry, placing it in the top 64.5%.
Is Ushio's Cyclically Adjusted PS Ratio too high?
Ushio's current Cyclically Adjusted PS Ratio of 2.41 is 83% above median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 2.98. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.69. Ushio's value of 2.41 is 42.6% above this industry median. Based on the distribution chart, Ushio ranks #1483 out of 2298 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ushio has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ushio's Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Ushio ranks #1483 out of 2298 companies for Cyclically Adjusted PS Ratio. This places Ushio in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.69. Ushio's value of 2.41 is 42.6% above this benchmark. Historically, Ushio's own Cyclically Adjusted PS Ratio has ranged from 0.76 to 2.98 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 1.69, Ushio has consistently been above 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 1.69, based on 2,298 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. Ushio's current Cyclically Adjusted PS Ratio of 2.41 is 42.6% above 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 Ushio and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ushio's current Cyclically Adjusted PS Ratio is 2.41, which is 83% above median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ushio stock overvalued right now?
Based on GuruFocus' analysis, Ushio (TSE:6925) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,857.33, compared to a current price of 円3,798.00 — trading 32.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.41, which is 83% above median its 10-year median of 1.32 and 42.6% above the Industrial Products industry median of 1.69. Ushio's overall GF Score™ is 87/100 with 2 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 Ushio (TSE:6925), the current Cyclically Adjusted PS Ratio is 2.41 as of Aug. 03, 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 Ushio (TSE:6925) Overvalued in 2026?

Based on GuruFocus' analysis, Ushio stock appears to be overvalued. The current stock price of 円3,798.00 is trading 32.9% above its estimated GF Value™ of 円2,857.33. GuruFocus considers Ushio to be Significantly Overvalued.

Key valuation signals for TSE:6925:

  • Cyclically Adjusted PS Ratio: 2.41 (83% above median its 10-year median of 1.32)
  • GF Value™: 円2,857.33 vs. price of 円3,798.00 (32.9% above fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 42.6% above the Industrial Products median (#1483 of 2298)

No single metric tells the full story. See the TSE:6925 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ushio Business Description

Other Exchanges UHOIF:USA
Address 2-6-1 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-8150
Ushio Inc is a Japan-based company that primarily operates through two segments. The company's equipment business primarily manufactures and distributes imaging equipment and optical equipment, including digital projectors, optical equipment for manufacturing semiconductors, UV phototherapy devices, and EUV light sources equipment for semiconductor inspection and development applications. The light sources business manufactures lamps and LED and LD products, including UV lamps for manufacturing semiconductors, light sources for use in cinema projectors, and halogen lamps for office automation equipment.
87GF Score

Get the complete analysis for TSE:6925

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

円3,798.00
Price
円2,857.33
GF Value