Meiwa (TSE:8103) Cyclically Adjusted PS Ratio: 0.26 (As of Sep. 17, 2026) — 44% Above Median

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TSE:8103 Meiwa Corp TSE:8103
74 GF Score
Price 円994.00
GF Value 円758.72
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Meiwa Cyclically Adjusted PS Ratio?

Meiwa TSE:8103 +1.02% 74 Cyclically Adjusted PS Ratio is 0.26 as of Sep. 17, 2026, which is 44% above its 10-year median of 0.18. GuruFocus rates TSE:8103 with a GF Score™ of 74/100 and a GF Value™ of 円758.72 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 128 Industrial Distribution companies, Meiwa ranks better than 70.31% on this metric.

As of today (2026-09-17), Meiwa's current share price is 円994.00. Meiwa's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円3,892.50. Meiwa's Cyclically Adjusted PS Ratio for today is 0.26.

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

TSE:8103' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.18   Max: 0.35
Current: 0.25

During the past years, Meiwa's highest Cyclically Adjusted PS Ratio was 0.35. The lowest was 0.10. And the median was 0.18.

TSE:8103's Cyclically Adjusted PS Ratio is ranked better than
70.31% of 128 companies
in the Industrial Distribution industry
Industry Median: 0.54 vs TSE:8103: 0.25

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.

Meiwa's adjusted revenue per share data for the three months ended in Mar. 2026 was 円1,080.801. 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3,892.50 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meiwa  (TSE:8103) 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.


Meiwa Cyclically Adjusted PS Ratio Related Terms


Meiwa Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Meiwa'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.

Meiwa Cyclically Adjusted PS Ratio Chart

Meiwa 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 0.27 0.19 0.18 0.18 0.20

Meiwa Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 0.18 0.22 0.24 0.20 0.22

TSE:8103 vs GWW, FAST, FERG: Cyclically Adjusted PS Ratio Comparison

For the Industrial Distribution subindustry, Meiwa'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.


Meiwa Cyclically Adjusted PS Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Meiwa's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:8103
74GF Score
Meiwa Corp TSE:8103
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meiwa 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=994.00/3892.499
=0.26

* 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.

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

For example, Meiwa'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)
=1080.801/112.7000*112.7000
=1,080.801

Current CPI (Mar. 2026) = 112.7000.

Meiwa Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 843.277 98.100 968.780
201603 781.237 97.900 899.340
201606 778.105 98.100 893.909
201609 739.215 98.000 850.097
201612 898.278 98.400 1,028.820
201703 811.264 98.100 932.003
201706 789.766 98.500 903.621
201709 790.121 98.800 901.282
201712 915.231 99.400 1,037.691
201803 900.050 99.200 1,022.537
201806 932.883 99.200 1,059.838
201809 867.150 99.900 978.256
201812 1,017.594 99.700 1,150.279
201903 884.295 99.700 999.599
201906 859.708 99.800 970.833
201909 782.291 100.100 880.761
201912 927.179 100.500 1,039.732
202003 712.086 100.300 800.121
202006 723.894 99.900 816.645
202009 680.455 99.900 767.640
202012 811.599 99.300 921.120
202103 801.159 99.900 903.810
202106 818.907 99.500 927.546
202109 828.937 100.100 933.279
202112 904.889 100.100 1,018.791
202203 871.941 101.100 971.986
202206 966.717 101.800 1,070.226
202209 968.462 103.100 1,058.639
202212 918.873 104.100 994.784
202303 897.157 104.400 968.483
202306 895.769 105.200 959.631
202309 900.469 106.200 955.582
202312 1,038.699 106.800 1,096.080
202403 962.785 107.200 1,012.182
202409 950.830 108.900 984.009
202503 904.884 111.100 917.916
202506 965.963 111.700 974.611
202509 942.348 112.000 948.238
202512 1,122.708 113.000 1,119.727
202603 1,080.801 112.700 1,080.801

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 0.26 mean?
Meiwa (TSE:8103) has a Cyclically Adjusted PS Ratio of 0.26 as of Sep. 17, 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 Meiwa and its competitors. This is 44% above median its historical median of 0.18. Over the past decade, Meiwa's Cyclically Adjusted PS Ratio has ranged from 0.10 to 0.35. According to the industry distribution chart, Meiwa ranks #38 out of 128 companies in the Industrial Distribution industry, placing it in the top 29.7%.
Is Meiwa's Cyclically Adjusted PS Ratio too high?
Meiwa's current Cyclically Adjusted PS Ratio of 0.26 is 44% above median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.35. The Industrial Distribution industry median Cyclically Adjusted PS Ratio is 0.54. Meiwa's value of 0.26 is 51.9% below this industry median. Based on the distribution chart, Meiwa ranks #38 out of 128 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Meiwa has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiwa's Cyclically Adjusted PS Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Meiwa ranks #38 out of 128 companies for Cyclically Adjusted PS Ratio. This puts Meiwa in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.54. Meiwa's value of 0.26 is 51.9% below this benchmark. Historically, Meiwa's own Cyclically Adjusted PS Ratio has ranged from 0.10 to 0.35 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.54, Meiwa has consistently been below 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 an Industrial Distribution company?
The median Cyclically Adjusted PS Ratio among Industrial Distribution companies is 0.54, based on 128 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. Meiwa's current Cyclically Adjusted PS Ratio of 0.26 is 51.9% below 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 Meiwa and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PS Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiwa's current Cyclically Adjusted PS Ratio is 0.26, which is 44% above median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiwa stock overvalued right now?
Based on GuruFocus' analysis, Meiwa (TSE:8103) is currently considered Significantly Overvalued. The stock's GF Value™ is 円758.72, compared to a current price of 円994.00 — trading 31% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.26, which is 44% above median its 10-year median of 0.18 and 51.9% below the Industrial Distribution industry median of 0.54. Meiwa's overall GF Score™ is 74/100 with 2 warning signs to review. 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 Meiwa (TSE:8103), the current Cyclically Adjusted PS Ratio is 0.26 as of Sep. 17, 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 Meiwa (TSE:8103) Overvalued in 2026?

Based on GuruFocus' analysis, Meiwa stock appears to be overvalued. The current stock price of 円994.00 is trading 31% above its estimated GF Value™ of 円758.72. GuruFocus considers Meiwa to be Significantly Overvalued.

Key valuation signals for TSE:8103:

  • Cyclically Adjusted PS Ratio: 0.26 (44% above median its 10-year median of 0.18)
  • GF Value™: 円758.72 vs. price of 円994.00 (31% above fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 51.9% below the Industrial Distribution median (#38 of 128)

No single metric tells the full story. See the TSE:8103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meiwa Business Description

Address 3-3-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8311
Meiwa Corp is a Japan-based company. Along with its subsidiaries, the company operates in the following reportable segments: First Business, Second Business, Third Business, Battery and Automotive Business Division, and Others. Maximum revenue for the group is generated from the Third Business segment, which offers film products, papermaking chemicals, adhesives, synthetic resin raw materials, synthetic resin products, and inorganic chemicals. The First Business is engaged in trading earths and rare metals, flame retardants, heat insulation, waterproofing, and interior materials. Second Business represents its petroleum products business, covering lubricants to base oil, and additives, and the Battery and Automotive division invests in battery materials and offers automotive parts.
74GF Score

Get the complete analysis for TSE:8103

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

円994.00
Price
円758.72
GF Value