Pigeon (TSE:7956) Cyclically Adjusted PS Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:7956 Pigeon Corp TSE:7956
82 GF Score
Price 円2,092.50
GF Value 円1,471.48
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Pigeon Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pigeon  (TSE:7956) 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.


Pigeon Cyclically Adjusted PS Ratio Related Terms


Pigeon Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pigeon'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.

Pigeon Cyclically Adjusted PS Ratio Chart

Pigeon Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.85 2.63 1.90 1.62 1.75

Pigeon 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 1.93 1.95 1.75 0.00 0.00

TSE:7956 vs PG, CL, KVUE: Cyclically Adjusted PS Ratio Comparison

For the Household & Personal Products subindustry, Pigeon'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.


Pigeon Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pigeon's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:7956
82GF Score
Pigeon Corp TSE:7956
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pigeon 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.

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

For example, Pigeon'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)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

Pigeon Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 196.640 97.900 228.175
201610 196.348 98.600 226.218
201701 207.286 98.200 239.793
201704 200.214 98.500 230.907
201707 209.340 98.300 241.923
201710 219.769 98.800 252.690
201801 227.236 99.500 259.437
201804 215.128 99.100 246.605
201807 225.833 99.200 258.615
201810 221.825 100.200 251.490
201901 211.788 99.700 241.315
201904 212.490 100.000 241.389
201907 225.992 99.800 257.241
201910 208.833 100.400 236.289
202003 190.617 100.300 215.893
202006 213.795 99.900 243.114
202009 212.208 99.900 241.310
202012 213.523 99.300 244.272
202103 178.533 99.900 203.017
202106 216.640 99.500 247.340
202109 185.137 100.100 210.106
202112 197.718 100.100 224.383
202203 181.499 101.100 203.940
202206 197.050 101.800 219.891
202209 212.399 103.100 234.030
202212 202.362 104.100 220.829
202303 197.336 104.400 214.726
202306 203.824 105.200 220.099
202309 208.429 106.200 222.952
202312 179.940 106.800 191.397
202403 198.587 107.200 210.443
202406 230.487 108.200 241.990
202409 206.778 108.900 215.702
202412 235.256 110.700 241.419
202503 210.928 111.100 215.674
202506 238.333 111.700 242.387
202509 224.010 112.000 227.210
202512 239.458 113.000 240.729
202603 231.712 112.700 233.562
202606 0.000 113.600 0.000

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 Pigeon (TSE:7956) Overvalued in 2026?

Based on GuruFocus' analysis, Pigeon stock appears to be overvalued. The current stock price of 円2,092.50 is trading 42.2% above its estimated GF Value™ of 円1,471.48. GuruFocus considers Pigeon to be Significantly Overvalued.

Key valuation signals for TSE:7956:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円1,471.48 vs. price of 円2,092.50 (42.2% above fair value)
  • GF Score™: 82/100 with 7 warning signs

No single metric tells the full story. See the TSE:7956 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pigeon Business Description

Other Exchanges PGENY:USA9N3:Germany
Address 4-4, Nihonbashi-Hisamatsucho, Chuo-ku, Tokyo, JPN, 103-8480
Pigeon Corp is a Japanese household and personal product company that manufactures and sells baby- and child-care and maternity products, women's care items, and home healthcare products, among others. The business is divided into a domestic baby and mother care business, child-rearing support services, a healthcare and nursing care business, and overseas Business, and a Chinese business. The overseas business includes Asia (South Korea, Singapore, and India, among others), the Middle East (United Arab Emirates, among others), North America (the U.S. and Canada), and others (South Africa, Germany, and South America).
82GF Score

Get the complete analysis for TSE:7956

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

円2,092.50
Price
円1,471.48
GF Value