Nippon Avionics Co (TSE:6946) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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TSE:6946 Nippon Avionics Co Ltd TSE:6946
80 GF Score
Price 円7,300.00
GF Value 円4,441.17
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Nippon Avionics Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Avionics Co  (TSE:6946) 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.


Nippon Avionics Co Cyclically Adjusted PS Ratio Related Terms


Nippon Avionics Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Avionics Co'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.

Nippon Avionics Co Cyclically Adjusted PS Ratio Chart

Nippon Avionics Co 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 0.48 0.73 2.00 2.28 4.87

Nippon Avionics Co 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 3.12 3.38 3.25 4.29 3.48

TSE:6946 vs VRT, BE: Cyclically Adjusted PS Ratio Comparison

For the Electrical Equipment & Parts subindustry, Nippon Avionics Co'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.


Nippon Avionics Co Cyclically Adjusted PS Ratio vs Industrial Products Industry

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

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


TSE:6946
80GF Score
Nippon Avionics Co Ltd TSE:6946
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Avionics Co 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.

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

For example, Nippon Avionics Co'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)
=561.507/113.6000*113.6000
=561.507

Current CPI (Jun. 2026) = 113.6000.

Nippon Avionics Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 262.110 98.000 303.834
201612 297.515 98.400 343.473
201703 532.252 98.100 616.349
201706 272.685 98.500 314.487
201709 358.796 98.800 412.543
201712 298.135 99.400 340.726
201803 285.601 99.200 327.059
201806 257.720 99.200 295.131
201809 294.249 99.900 334.601
201812 297.294 99.700 338.742
201903 385.168 99.700 438.867
201906 240.581 99.800 273.848
201909 305.317 100.100 346.494
201912 256.096 100.500 289.478
202003 372.293 100.300 421.660
202006 262.062 99.900 298.000
202009 287.763 99.900 327.226
202012 248.342 99.300 284.105
202103 269.971 99.900 306.994
202106 256.916 99.500 293.323
202109 373.242 100.100 423.579
202112 273.489 100.100 310.373
202203 301.537 101.100 338.819
202206 231.091 101.800 257.878
202209 280.248 103.100 308.789
202212 284.366 104.100 310.317
202303 362.460 104.400 394.401
202306 215.739 105.200 232.965
202309 316.796 106.200 338.870
202312 274.579 106.800 292.062
202403 287.642 107.200 304.815
202406 244.814 108.200 257.032
202409 314.729 108.900 328.312
202412 296.539 110.700 304.307
202503 419.210 111.100 428.643
202506 327.273 111.700 332.840
202509 502.070 112.000 509.242
202512 474.884 113.000 477.406
202603 640.214 112.700 645.327
202606 561.507 113.600 561.507

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 Nippon Avionics Co (TSE:6946) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Avionics Co stock appears to be overvalued. The current stock price of 円7,300.00 is trading 64.4% above its estimated GF Value™ of 円4,441.17. GuruFocus considers Nippon Avionics Co to be Significantly Overvalued.

Key valuation signals for TSE:6946:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円4,441.17 vs. price of 円7,300.00 (64.4% above fair value)
  • GF Score™: 80/100 with 2 warning signs

No single metric tells the full story. See the TSE:6946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Avionics Co Business Description

Other Exchanges 6NA:Germany
Address Gotanda Kowa Building, 8-1-5, Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-0031
Nippon Avionics Co Ltd is a manufacturer of electronics equipment. The company is organized into three major business segments - Information System, Joining Equipment, and Infrared Thermography. Information System business provides device products and packaging technologies adopted for the development, manufacture and maintenance of various defence system equipment. The Micro Joining Equipment business active in the manufacture of electronic equipment and electronic parts. It offers a wide range of solutions including welding, soldering, thermocompression bonding, thermal caulking, sealing and ultrasonic bonding. The Infrared Thermography business develops, manufactures and sells infrared thermography camera that visualizes heat.
80GF Score

Get the complete analysis for TSE:6946

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

円7,300.00
Price
円4,441.17
GF Value