Mizuno (TSE:8022) Cyclically Adjusted PS Ratio: 1.33 (As of Jul. 30, 2026) — 217% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:8022 Mizuno Corp TSE:8022
88 GF Score
Price 円3,775.00
GF Value 円2,921.12
Valuation Modestly Overvalued
View Full Analysis

What is Mizuno Cyclically Adjusted PS Ratio?

Mizuno TSE:8022 +2.17% 88 Cyclically Adjusted PS Ratio is 1.33 as of Jul. 30, 2026, which is 217% above its 10-year median of 0.42. GuruFocus rates TSE:8022 with a GF Score™ of 88/100 and a GF Value™ of 円2,921.12 (Modestly Overvalued). Among 794 Retail - Cyclical companies, Mizuno ranks worse than 74.43% on this metric.

As of today (2026-07-30), Mizuno's current share price is 円3775.00. Mizuno's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,834.23. Mizuno's Cyclically Adjusted PS Ratio for today is 1.33.

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

TSE:8022' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.42   Max: 1.51
Current: 1.27

During the past years, Mizuno's highest Cyclically Adjusted PS Ratio was 1.51. The lowest was 0.21. And the median was 0.42.

TSE:8022's Cyclically Adjusted PS Ratio is ranked worse than
74.43% of 794 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs TSE:8022: 1.27

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.

Mizuno's adjusted revenue per share data for the three months ended in Mar. 2026 was 円935.360. 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2,834.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mizuno  (TSE:8022) 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.


Mizuno Cyclically Adjusted PS Ratio Related Terms


Mizuno Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mizuno'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.

Mizuno Cyclically Adjusted PS Ratio Chart

Mizuno 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 0.29 0.41 0.81 0.94 1.19

Mizuno Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.94 0.96 0.96 1.09 1.19

TSE:8022 vs CASY, WSM, ULTA: Cyclically Adjusted PS Ratio Comparison

For the Specialty Retail subindustry, Mizuno'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.


Mizuno Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mizuno's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:8022
88GF Score
Mizuno Corp TSE:8022
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mizuno 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3775.00/2834.23
=1.33

* 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.

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

For example, Mizuno's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=935.36/112.7000*112.7000
=935.360

Current CPI (Mar. 2026) = 112.7000.

Mizuno Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 639.327 98.100 734.477
201609 589.995 98.000 678.494
201612 570.511 98.400 653.421
201703 689.875 98.100 792.548
201706 605.765 98.500 693.094
201709 604.333 98.800 689.356
201712 560.619 99.400 635.631
201803 674.224 99.200 765.978
201806 563.627 99.200 640.330
201809 581.675 99.900 656.204
201812 535.236 99.700 605.026
201903 662.683 99.700 749.091
201906 553.506 99.800 625.051
201909 567.884 100.100 639.366
201912 488.068 100.500 547.316
202003 615.768 100.300 691.895
202006 375.003 99.900 423.051
202009 491.128 99.900 554.055
202012 528.671 99.300 600.012
202103 570.012 99.900 643.047
202106 559.390 99.500 633.601
202109 550.235 100.100 619.495
202112 519.169 100.100 584.519
202203 624.729 101.100 696.409
202206 602.567 101.800 667.085
202209 691.224 103.100 755.586
202212 628.470 104.100 680.390
202303 842.889 104.400 909.900
202306 745.547 105.200 798.699
202309 747.321 106.200 793.061
202312 697.899 106.800 736.453
202403 803.830 107.200 845.071
202406 792.488 108.200 825.447
202409 766.814 108.900 793.572
202412 726.606 110.700 739.733
202503 846.726 111.100 858.920
202506 827.942 111.700 835.354
202509 820.597 112.000 825.726
202512 792.530 113.000 790.426
202603 935.360 112.700 935.360

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 1.33 mean?
Mizuno (TSE:8022) has a Cyclically Adjusted PS Ratio of 1.33 as of Jul. 30, 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 Mizuno and its competitors. This is 217% above median its historical median of 0.42. Over the past decade, Mizuno's Cyclically Adjusted PS Ratio has ranged from 0.21 to 1.51. According to the industry distribution chart, Mizuno ranks #591 out of 794 companies in the Retail - Cyclical industry, placing it in the top 74.4%.
Is Mizuno's Cyclically Adjusted PS Ratio too high?
Mizuno's current Cyclically Adjusted PS Ratio of 1.33 is 217% above median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 1.51. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.49. Mizuno's value of 1.33 is 171.4% above this industry median. Based on the distribution chart, Mizuno ranks #591 out of 794 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Mizuno has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mizuno's Cyclically Adjusted PS Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Mizuno ranks #591 out of 794 companies for Cyclically Adjusted PS Ratio. This places Mizuno in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.49. Mizuno's value of 1.33 is 171.4% above this benchmark. Historically, Mizuno's own Cyclically Adjusted PS Ratio has ranged from 0.21 to 1.51 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 0.49, Mizuno 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.49, based on 794 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. Mizuno's current Cyclically Adjusted PS Ratio of 1.33 is 171.4% 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 Mizuno and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mizuno's current Cyclically Adjusted PS Ratio is 1.33, which is 217% above median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mizuno stock overvalued right now?
Based on GuruFocus' analysis, Mizuno (TSE:8022) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,921.12, compared to a current price of 円3,775.00 — trading 29.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.33, which is 217% above median its 10-year median of 0.42 and 171.4% above the Retail - Cyclical industry median of 0.49. Mizuno's overall GF Score™ is 88/100. 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 Mizuno (TSE:8022), the current Cyclically Adjusted PS Ratio is 1.33 as of Jul. 30, 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 Mizuno (TSE:8022) Overvalued in 2026?

Based on GuruFocus' analysis, Mizuno stock appears to be overvalued. The current stock price of 円3,775.00 is trading 29.2% above its estimated GF Value™ of 円2,921.12. GuruFocus considers Mizuno to be Modestly Overvalued.

Key valuation signals for TSE:8022:

  • Cyclically Adjusted PS Ratio: 1.33 (217% above median its 10-year median of 0.42)
  • GF Value™: 円2,921.12 vs. price of 円3,775.00 (29.2% above fair value)
  • GF Score™: 88/100
  • Industry Position: 171.4% above the Retail - Cyclical median (#591 of 794)

No single metric tells the full story. See the TSE:8022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mizuno Business Description

Other Exchanges MIZ:Germany
Address 1-12-35 Nanko-Kita Suminoe-ku, Osaka-shi, JPN, 559-8510
Mizuno Corporation is a Japan-based company principally engaged in the manufacture and sale of sporting goods under the brand MIZUNO worldwide. The company's product mix consists of sports equipment, sports shoes, sportswear, and other products and services. Footwear and apparel jointly account for more than half of the company's total revenue. The company's products are produced in the company's own factories or commissioned factories. The company has business presence in Japan, the Americas, EMEA, Asia and Oceania, with Japan contributing over half of the company's total revenue.
88GF Score

Get the complete analysis for TSE:8022

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

円3,775.00
Price
円2,921.12
GF Value