Koken (TSE:7963) Cyclically Adjusted PS Ratio: (As of Aug. 07, 2026)

Author: 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
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
56 GF Score
Price 円1,804.00
GF Value 円446.97
Valuation Significantly Overvalued
! 5 Warning Signs
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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 0.00 0.00

Koken Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.80 0.83 0.00 0.00 0.92

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
56GF Score
Koken Ltd TSE:7963
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Dec. 2025 is calculated as:

For example, Koken's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=896.428/113.0000*113.0000
=896.428

Current CPI (Dec. 2025) = 113.0000.

Koken Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 464.100 98.100 534.590
201603 425.569 97.900 491.208
201606 336.233 98.100 387.302
201609 372.822 98.000 429.887
201612 435.866 98.400 500.537
201703 512.059 98.100 589.834
201706 381.085 98.500 437.184
201709 360.605 98.800 412.433
201712 433.092 99.400 492.348
201803 449.825 99.200 512.401
201806 365.470 99.200 416.312
201809 400.121 99.900 452.589
201812 444.934 99.700 504.288
201903 421.221 99.700 477.412
201906 373.905 99.800 423.359
201909 406.603 100.100 459.002
201912 515.283 100.500 579.373
202003 519.055 100.300 584.778
202006 510.828 99.900 577.813
202009 445.983 99.900 504.465
202012 552.108 99.300 628.280
202103 643.962 99.900 728.405
202106 411.807 99.500 467.680
202109 419.245 100.100 473.274
202112 563.204 100.100 635.785
202203 511.669 101.100 571.895
202206 474.584 101.800 526.798
202209 485.325 103.100 531.927
202212 655.217 104.100 711.235
202303 602.231 104.400 651.840
202306 458.160 105.200 492.130
202309 435.896 106.200 463.806
202312 646.072 106.800 683.578
202403 490.911 107.200 517.471
202406 478.764 108.200 500.003
202412 0.000 110.700 0.000
202503 572.701 111.100 582.495
202506 458.630 111.700 463.968
202509 477.781 112.000 482.047
202512 896.428 113.000 896.428

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 overvalued. The current stock price of 円1,804.00 is trading 303.6% above its estimated GF Value™ of 円446.97. GuruFocus considers Koken to be Significantly Overvalued.

Key valuation signals for TSE:7963:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円446.97 vs. price of 円1,804.00 (303.6% above fair value)
  • GF Score™: 56/100 with 5 warning signs

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.
56GF 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1,804.00
Price
円446.97
GF Value