As One (TSE:7476) 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:7476 As One Corp TSE:7476
92 GF Score
Price 円2,550.00
GF Value 円2,888.69
Valuation Modestly Undervalued
! 1 Warning Sign
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What is As One Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


As One  (TSE:7476) 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.


As One Cyclically Adjusted PS Ratio Related Terms


As One Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for As One'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.

As One Cyclically Adjusted PS Ratio Chart

As One 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 4.26 3.01 2.62 2.07 1.82

As One 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 2.17 2.10 2.01 1.82 1.82

TSE:7476 vs MCK, COR, CAH: Cyclically Adjusted PS Ratio Comparison

For the Medical Distribution subindustry, As One'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.


As One Cyclically Adjusted PS Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, As One's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:7476
92GF Score
As One Corp TSE:7476
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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As One 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.

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

For example, As One'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)
=420.533/113.6000*113.6000
=420.533

Current CPI (Jun. 2026) = 113.6000.

As One Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 168.936 98.000 195.828
201612 180.274 98.400 208.121
201703 219.083 98.100 253.699
201706 182.154 98.500 210.078
201709 186.161 98.800 214.047
201712 204.224 99.400 233.399
201803 236.893 99.200 271.281
201806 205.817 99.200 235.694
201809 206.061 99.900 234.320
201812 226.904 99.700 258.539
201903 253.943 99.700 289.347
201906 209.217 99.800 238.147
201909 226.761 100.100 257.343
201912 224.978 100.500 254.303
202003 280.493 100.300 317.687
202006 226.720 99.900 257.812
202009 245.016 99.900 278.617
202012 286.609 99.300 327.883
202103 332.208 99.900 377.766
202106 268.051 99.500 306.036
202109 272.427 100.100 309.168
202112 284.710 100.100 323.107
202203 336.222 101.100 377.792
202206 273.457 101.800 305.154
202209 295.973 103.100 326.116
202212 312.251 104.100 340.747
202303 349.912 104.400 380.747
202306 299.895 105.200 323.841
202309 308.621 106.200 330.126
202312 338.413 106.800 359.960
202403 371.469 107.200 393.646
202406 337.063 108.200 353.885
202409 340.877 108.900 355.589
202412 372.745 110.700 382.510
202503 395.601 111.100 404.503
202506 357.388 111.700 363.467
202509 359.730 112.000 364.869
202512 388.209 113.000 390.270
202603 439.798 112.700 443.310
202606 420.533 113.600 420.533

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 As One (TSE:7476) Overvalued in 2026?

Based on GuruFocus' analysis, As One stock appears to be undervalued. The current stock price of 円2,550.00 is trading 11.7% below its estimated GF Value™ of 円2,888.69. GuruFocus considers As One to be Modestly Undervalued.

Key valuation signals for TSE:7476:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円2,888.69 vs. price of 円2,550.00 (11.7% below fair value)
  • GF Score™: 92/100 with 1 warning sign

No single metric tells the full story. See the TSE:7476 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


As One Business Description

Address Edobori 2-1-27 Nishi-ku, Osaka, JPN
As One Corp is a trading engaged in sale of scientific instruments, industrial instruments, hospital or nursing instruments and approach to specialized fields. The company generates maximum revenue from scientific instrument product line which includes measuring instruments; cultivation, separation, analysis products such as microscopes, glass slides, and tissue culture products; Equipment / storage / conveyance products such as experimental platforms, fume hoods; Vessels or containers which includes storage of samples, reagents; Necessities for experiments including glass or plastic beakers, flask indispensable for experiments, hoses, tubes, joints, plus paper products such as tapes and labels; Equipment for laboratories like timers, packaging machines, tools, office supplies.
92GF Score

Get the complete analysis for TSE:7476

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

円2,550.00
Price
円2,888.69
GF Value