ASICS (TSE:7936) Cyclically Adjusted PS Ratio: (As of Aug. 14, 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.
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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:7936 ASICS Corp TSE:7936
88 GF Score
Price 円5,281.00
GF Value 円4,269.13
Valuation Modestly Overvalued
! 2 Warning Signs
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What is ASICS Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ASICS  (TSE:7936) 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.


ASICS Cyclically Adjusted PS Ratio Related Terms


ASICS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ASICS'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.

ASICS Cyclically Adjusted PS Ratio Chart

ASICS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.30 1.35 1.88 4.86 5.31

ASICS 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 5.48 5.63 5.31 5.73 0.00

TSE:7936 vs NKE, DECK, ONON: Cyclically Adjusted PS Ratio Comparison

For the Footwear & Accessories subindustry, ASICS'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.


ASICS Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, ASICS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:7936
88GF Score
ASICS Corp TSE:7936
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASICS 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.

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

For example, ASICS'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)
=372.48/113.6000*113.6000
=372.480

Current CPI (Jun. 2026) = 113.6000.

ASICS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 126.546 98.000 146.690
201612 107.710 98.400 124.348
201703 140.093 98.100 162.228
201706 112.926 98.500 130.237
201709 132.371 98.800 152.200
201712 111.405 99.400 127.320
201803 129.904 99.200 148.761
201806 109.850 99.200 125.796
201809 128.644 99.900 146.286
201812 120.673 99.700 137.497
201903 125.403 99.700 142.886
201906 117.136 99.800 133.333
201909 131.930 100.100 149.723
201912 124.518 100.500 140.749
202003 116.537 100.300 131.990
202006 84.470 99.900 96.054
202009 138.231 99.900 157.188
202012 110.299 99.300 126.183
202103 145.172 99.900 165.080
202106 140.678 99.500 160.613
202109 153.803 100.100 174.546
202112 111.917 100.100 127.011
202203 143.749 101.100 161.522
202206 163.363 101.800 182.299
202209 188.153 103.100 207.315
202212 165.751 104.100 180.877
202303 207.693 104.400 225.995
202306 187.841 105.200 202.840
202309 215.469 106.200 230.483
202312 166.782 106.800 177.401
202403 238.457 107.200 252.693
202406 231.953 108.200 243.529
202409 252.702 108.900 263.608
202412 211.522 110.700 217.063
202503 290.942 111.100 297.489
202506 271.886 111.700 276.511
202509 310.113 112.000 314.543
202512 259.741 113.000 261.120
202603 378.006 112.700 381.025
202606 372.480 113.600 372.480

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 ASICS (TSE:7936) Overvalued in 2026?

Based on GuruFocus' analysis, ASICS stock appears to be overvalued. The current stock price of 円5,281.00 is trading 23.7% above its estimated GF Value™ of 円4,269.13. GuruFocus considers ASICS to be Modestly Overvalued.

Key valuation signals for TSE:7936:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円4,269.13 vs. price of 円5,281.00 (23.7% above fair value)
  • GF Score™: 88/100 with 2 warning signs

No single metric tells the full story. See the TSE:7936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASICS Business Description

Address 1-2-4 Sannomiyacho, Yamato Kobe Building, Chuo-ku, Hyogo Prefecture, Kobe, JPN, 650-0021
Founded in 1949 in Kobe, Japan, Asics is a leading sports footwear brand specializing in performance running shoes. Asics is well-known for its stability running shoe Gel-Kayano, which has been popular among runners for over 30 years thanks to its cushioning technology. It also owns Onitsuka Tiger, which is currently positioned as a premium sportswear lifestyle brand. In 2025, Asics had annual sales of over JPY 810 billion and command over 10% of the global performance running market share.
88GF Score

Get the complete analysis for TSE:7936

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

円5,281.00
Price
円4,269.13
GF Value