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Hamamatsu Photonics KKTSE:6965 -7.16%94 Cyclically Adjusted PS Ratio is 3.56 as of Jul. 29, 2026, which is 40% below its 10-year median of 5.89. GuruFocus rates TSE:6965 with a GF Score™ of 94/100 and a GF Value™ of 円2,225.39 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,975 Hardware companies, Hamamatsu Photonics KK ranks worse than 76.35% on this metric.
The historical rank and industry rank for Hamamatsu Photonics KK's Cyclically Adjusted PS Ratio or its related term are showing as below:
TSE:6965'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.04 Med: 5.89 Max: 8.9
Current: 3.83
During the past years, Hamamatsu Photonics KK's highest Cyclically Adjusted PS Ratio was 8.90. The lowest was 2.04. And the median was 5.89.
TSE:6965's Cyclically Adjusted PS Ratio is ranked worse than 76.35% of 1975
companies
in the Hardware industry
Industry Median: 1.36
vs TSE:6965: 3.83
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.
Hamamatsu Photonics KK's adjusted revenue per share data for the three months ended in Mar. 2026 was 円205.593. 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616.88 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Hamamatsu Photonics KK (TSE:6965) 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.
Hamamatsu Photonics KK Cyclically Adjusted PS Ratio Related Terms
Hamamatsu Photonics KK Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Hamamatsu Photonics KK'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.
Hamamatsu Photonics KK Cyclically Adjusted PS Ratio Chart
TSE:6965 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison
For the Electronic Components subindustry, Hamamatsu Photonics KK'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.
Hamamatsu Photonics KK Cyclically Adjusted PS Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Hamamatsu Photonics KK's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Hamamatsu Photonics KK's Cyclically Adjusted PS Ratio falls into.
Hamamatsu Photonics KK 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.
* 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.
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 3.56 mean?
Hamamatsu Photonics KK (TSE:6965) has a Cyclically Adjusted PS Ratio of 3.56 as of Jul. 29, 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 Hamamatsu Photonics KK and its competitors. This is 40% below median its historical median of 5.89. Over the past decade, Hamamatsu Photonics KK's Cyclically Adjusted PS Ratio has ranged from 2.04 to 8.90. According to the industry distribution chart, Hamamatsu Photonics KK ranks #1508 out of 1975 companies in the Hardware industry, placing it in the top 76.4%.
Is Hamamatsu Photonics KK's Cyclically Adjusted PS Ratio too high?
Hamamatsu Photonics KK's current Cyclically Adjusted PS Ratio of 3.56 is 40% below median its 10-year median of 5.89. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 8.90. The Hardware industry median Cyclically Adjusted PS Ratio is 1.36. Hamamatsu Photonics KK's value of 3.56 is 161.8% above this industry median. Based on the distribution chart, Hamamatsu Photonics KK ranks #1508 out of 1975 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Hamamatsu Photonics KK has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hamamatsu Photonics KK's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Hamamatsu Photonics KK ranks #1508 out of 1975 companies for Cyclically Adjusted PS Ratio. This places Hamamatsu Photonics KK in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.36. Hamamatsu Photonics KK's value of 3.56 is 161.8% above this benchmark. Historically, Hamamatsu Photonics KK's own Cyclically Adjusted PS Ratio has ranged from 2.04 to 8.90 over the past decade. While the company's 10-year median is 5.89 vs. the industry median of 1.36, Hamamatsu Photonics KK 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 a Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.36, based on 1,975 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. Hamamatsu Photonics KK's current Cyclically Adjusted PS Ratio of 3.56 is 161.8% 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 Hamamatsu Photonics KK and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hamamatsu Photonics KK's current Cyclically Adjusted PS Ratio is 3.56, which is 40% below median its own 10-year median of 5.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hamamatsu Photonics KK stock overvalued right now?
Based on GuruFocus' analysis, Hamamatsu Photonics KK (TSE:6965) is currently considered Fairly Valued. The stock's GF Value™ is 円2,225.39, compared to a current price of 円2,198.00 — trading 1.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.56, which is 40% below median its 10-year median of 5.89 and 161.8% above the Hardware industry median of 1.36. Hamamatsu Photonics KK's overall GF Score™ is 94/100 with 4 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 Hamamatsu Photonics KK (TSE:6965), the current Cyclically Adjusted PS Ratio is 3.56 as of Jul. 29, 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 Hamamatsu Photonics KK (TSE:6965) Overvalued in 2026?
Based on GuruFocus' analysis, Hamamatsu Photonics KK stock appears to be undervalued.
The current stock price of 円2,198.00 is trading 1.2% below its estimated GF Value™ of 円2,225.39.
GuruFocus considers Hamamatsu Photonics KK to be Fairly Valued.
Key valuation signals for TSE:6965:
Cyclically Adjusted PS Ratio: 3.56 (40% below median its 10-year median of 5.89)
GF Value™: 円2,225.39 vs. price of 円2,198.00 (1.2% below fair value)
Industry Position: 161.8% above the Hardware median (#1508 of 1975)
No single metric tells the full story. See the TSE:6965 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hamamatsu Photonics KK is a Japan-based company engaged in the development, manufacture, and sale of optical and electronic devices. The company operates through four reportable segments: Electron Tube, Optical Semiconductor, Imaging and Measuring Instruments, and Laser Businesses. Its products include photomultiplier tubes, optical semiconductor components, imaging and measuring instruments, and laser-related products.
94GF Score
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