Koken (TSE:7963) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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
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:7963 Koken Ltd TSE:7963
70 GF Score
Price 円1,792.00
GF Value 円1,889.27
Valuation Fairly Valued
! 1 Warning Sign
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What is Koken Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Koken  (TSE:7963) 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.


Koken Cyclically Adjusted PS Ratio Related Terms


Koken Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Koken'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.

Koken Cyclically Adjusted PS Ratio Chart

Koken 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 1.06 0.93 0.84 0.75 0.87

Koken 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 0.81 0.86 0.86 0.89 0.79

TSE:7963 vs ABT, SYK, MDT: Cyclically Adjusted PS Ratio Comparison

For the Medical Devices subindustry, Koken'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.


Koken Cyclically Adjusted PS Ratio vs Medical Devices & Instruments Industry

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

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


TSE:7963
70GF Score
Koken Ltd TSE:7963
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Koken 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.

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

For example, Koken'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)
=510.884/113.6000*113.6000
=510.884

Current CPI (Jun. 2026) = 113.6000.

Koken Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 377.354 98.000 437.423
201612 435.867 98.400 503.196
201703 512.044 98.100 592.948
201706 381.048 98.500 439.462
201709 360.641 98.800 414.664
201712 433.049 99.400 494.913
201803 449.781 99.200 515.072
201806 365.434 99.200 418.481
201809 400.081 99.900 454.947
201812 444.890 99.700 506.916
201903 421.231 99.700 479.958
201906 374.652 99.800 426.458
201909 407.342 100.100 462.278
201912 515.293 100.500 582.461
202003 519.066 100.300 587.895
202006 510.839 99.900 580.894
202009 445.992 99.900 507.154
202012 552.120 99.300 631.630
202103 643.975 99.900 732.288
202106 411.816 99.500 470.174
202109 419.254 100.100 475.797
202112 563.216 100.100 639.174
202203 511.674 101.100 574.937
202206 478.287 101.800 533.727
202209 491.800 103.100 541.886
202212 655.272 104.100 715.071
202303 602.239 104.400 655.310
202306 458.111 105.200 494.690
202309 435.937 106.200 466.313
202312 646.106 106.800 687.244
202403 490.937 107.200 520.247
202406 478.767 108.200 502.661
202409 450.907 108.900 470.368
202412 756.135 110.700 775.943
202503 572.621 111.100 585.506
202506 459.736 111.700 467.556
202509 478.528 112.000 485.364
202512 897.472 113.000 902.237
202603 578.414 112.700 583.033
202606 510.884 113.600 510.884

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 Koken (TSE:7963) Overvalued in 2026?

Based on GuruFocus' analysis, Koken stock appears to be undervalued. The current stock price of 円1,792.00 is trading 5.1% below its estimated GF Value™ of 円1,889.27. GuruFocus considers Koken to be Fairly Valued.

Key valuation signals for TSE:7963:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円1,889.27 vs. price of 円1,792.00 (5.1% below fair value)
  • GF Score™: 70/100 with 1 warning sign

No single metric tells the full story. See the TSE:7963 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Koken Business Description

Address 7, Yonbancho, Chiyoda-ku, Tokyo, JPN, 102 8459
Koken Ltd is engaged in the production and sales of occupational and health protective equipment, including particulate respirators, chemical cartridge respirators, and others. It is also involved in the production and sales of environmental quality improvement equipment.
70GF Score

Get the complete analysis for TSE:7963

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

円1,792.00
Price
円1,889.27
GF Value