Hoya (TSE:7741) Cyclically Adjusted PS Ratio: 10.71 (As of Sep. 15, 2026) — 12% Above Median

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TSE:7741 Hoya Corp TSE:7741
98 GF Score
Price 円22,430.00
GF Value 円25,649.10
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Hoya Cyclically Adjusted PS Ratio?

Hoya TSE:7741 -1.15% 98 Cyclically Adjusted PS Ratio is 10.71 as of Sep. 15, 2026, which is 12% above its 10-year median of 9.56. GuruFocus rates TSE:7741 with a GF Score™ of 98/100 and a GF Value™ of 円25,649.10 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 529 Medical Devices & Instruments companies, Hoya ranks worse than 89.41% on this metric.

As of today (2026-09-15), Hoya's current share price is 円22430.00. Hoya's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was 円2,093.45. Hoya's Cyclically Adjusted PS Ratio for today is 10.71.

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

TSE:7741' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.77   Med: 9.56   Max: 14.56
Current: 10.84

During the past years, Hoya's highest Cyclically Adjusted PS Ratio was 14.56. The lowest was 3.77. And the median was 9.56.

TSE:7741's Cyclically Adjusted PS Ratio is ranked worse than
89.41% of 529 companies
in the Medical Devices & Instruments industry
Industry Median: 2.22 vs TSE:7741: 10.84

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.

Hoya's adjusted revenue per share data for the three months ended in Jun. 2026 was 円767.938. 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2,093.45 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoya  (TSE:7741) 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.


Hoya Cyclically Adjusted PS Ratio Related Terms


Hoya Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hoya'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.

Hoya Cyclically Adjusted PS Ratio Chart

Hoya 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 10.22 9.60 11.23 9.03 13.05

Hoya 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 9.03 10.57 11.84 13.05 12.40

TSE:7741 vs ISRG, BDX, RMD: Cyclically Adjusted PS Ratio Comparison

For the Medical Instruments & Supplies subindustry, Hoya'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.


Hoya Cyclically Adjusted PS Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Hoya's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:7741
98GF Score
Hoya Corp TSE:7741
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hoya 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22430.00/2093.45
=10.71

* 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.

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

For example, Hoya'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)
=767.938/113.6000*113.6000
=767.938

Current CPI (Jun. 2026) = 113.6000.

Hoya Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 310.209 98.000 359.589
201612 319.297 98.400 368.619
201703 327.864 98.100 379.667
201706 329.754 98.500 380.305
201709 351.122 98.800 403.719
201712 361.909 99.400 413.610
201803 360.270 99.200 412.567
201806 367.824 99.200 421.218
201809 378.005 99.900 429.844
201812 381.348 99.700 434.515
201903 377.249 99.700 429.844
201906 374.746 99.800 426.565
201909 411.190 100.100 466.645
201912 392.754 100.500 443.949
202003 362.559 100.300 410.635
202006 302.935 99.900 344.479
202009 377.410 99.900 429.167
202012 399.923 99.300 457.515
202103 412.155 99.900 468.677
202106 430.285 99.500 491.260
202109 446.814 100.100 507.074
202112 466.969 100.100 529.947
202203 473.090 101.100 531.583
202206 497.763 101.800 555.460
202209 517.728 103.100 570.455
202212 494.298 104.100 539.407
202303 534.060 104.400 581.123
202306 535.883 105.200 578.672
202309 555.791 106.200 594.518
202312 572.106 106.800 608.532
202403 588.289 107.200 623.411
202406 624.935 108.200 656.124
202409 627.262 108.900 654.334
202412 647.085 110.700 664.037
202503 638.985 111.100 653.364
202506 655.059 111.700 666.201
202509 696.495 112.000 706.445
202512 820.133 113.000 824.488
202603 743.092 112.700 749.026
202606 767.938 113.600 767.938

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 10.71 mean?
Hoya (TSE:7741) has a Cyclically Adjusted PS Ratio of 10.71 as of Sep. 15, 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 Hoya and its competitors. This is 12% above median its historical median of 9.56. Over the past decade, Hoya's Cyclically Adjusted PS Ratio has ranged from 3.77 to 14.56. According to the industry distribution chart, Hoya ranks #473 out of 529 companies in the Medical Devices & Instruments industry, placing it in the top 89.4%.
Is Hoya's Cyclically Adjusted PS Ratio too high?
Hoya's current Cyclically Adjusted PS Ratio of 10.71 is 12% above median its 10-year median of 9.56. Over the past 10 years, this metric has ranged from a low of 3.77 to a high of 14.56. The Medical Devices & Instruments industry median Cyclically Adjusted PS Ratio is 2.22. Hoya's value of 10.71 is 382.4% above this industry median. Based on the distribution chart, Hoya ranks #473 out of 529 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Hoya has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoya's Cyclically Adjusted PS Ratio compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Hoya ranks #473 out of 529 companies for Cyclically Adjusted PS Ratio. This places Hoya in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.22. Hoya's value of 10.71 is 382.4% above this benchmark. Historically, Hoya's own Cyclically Adjusted PS Ratio has ranged from 3.77 to 14.56 over the past decade. While the company's 10-year median is 9.56 vs. the industry median of 2.22, Hoya 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PS Ratio among Medical Devices & Instruments companies is 2.22, based on 529 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. Hoya's current Cyclically Adjusted PS Ratio of 10.71 is 382.4% 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 Hoya and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PS Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoya's current Cyclically Adjusted PS Ratio is 10.71, which is 12% above median its own 10-year median of 9.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoya stock overvalued right now?
Based on GuruFocus' analysis, Hoya (TSE:7741) is currently considered Modestly Undervalued. The stock's GF Value™ is 円25,649.10, compared to a current price of 円22,430.00 — trading 12.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.71, which is 12% above median its 10-year median of 9.56 and 382.4% above the Medical Devices & Instruments industry median of 2.22. Hoya's overall GF Score™ is 98/100 with 1 warning sign 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 Hoya (TSE:7741), the current Cyclically Adjusted PS Ratio is 10.71 as of Sep. 15, 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 Hoya (TSE:7741) Overvalued in 2026?

Based on GuruFocus' analysis, Hoya stock appears to be undervalued. The current stock price of 円22,430.00 is trading 12.6% below its estimated GF Value™ of 円25,649.10. GuruFocus considers Hoya to be Modestly Undervalued.

Key valuation signals for TSE:7741:

  • Cyclically Adjusted PS Ratio: 10.71 (12% above median its 10-year median of 9.56)
  • GF Value™: 円25,649.10 vs. price of 円22,430.00 (12.6% below fair value)
  • GF Score™: 98/100 with 1 warning sign
  • Industry Position: 382.4% above the Medical Devices & Instruments median (#473 of 529)

No single metric tells the full story. See the TSE:7741 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hoya Business Description

Address 6-10-1, Nishi-Shinjuku, 20th Floor, Nittochi Nishi-Shinjuku Building, Shinjuku-ku, Tokyo, JPN, 160-8347
Founded in 1941 in Tokyo as an optical glass production plant, Hoya is one of the largest eyeglass lens manufacturers in the world. Leveraging its technology know-how in glass manufacturing, Hoya entered the mask blanks business in 1974. Now although its life care business accounts for more than 60% of its total revenue, majority of its profit before tax comes from its higher-margin IT business.
98GF Score

Get the complete analysis for TSE:7741

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

円22,430.00
Price
円25,649.10
GF Value