Bitcoin Japan (TSE:8105) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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:8105 Bitcoin Japan Corp TSE:8105
46 GF Score
Price 円77.00
GF Value 円36.40
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Bitcoin Japan Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bitcoin Japan  (TSE:8105) 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.


Bitcoin Japan Cyclically Adjusted PS Ratio Related Terms


Bitcoin Japan Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bitcoin Japan'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.

Bitcoin Japan Cyclically Adjusted PS Ratio Chart

Bitcoin Japan 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 0.21 0.27 0.28 0.30 1.28

Bitcoin Japan 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 0.38 4.92 1.71 1.25 1.37

TSE:8105 vs RL, LEVI, VFC: Cyclically Adjusted PS Ratio Comparison

For the Apparel Manufacturing subindustry, Bitcoin Japan'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.


Bitcoin Japan Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bitcoin Japan's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:8105
46GF Score
Bitcoin Japan Corp TSE:8105
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bitcoin Japan 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.

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

For example, Bitcoin Japan'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)
=10.105/113.6000*113.6000
=10.105

Current CPI (Jun. 2026) = 113.6000.

Bitcoin Japan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 74.833 98.000 86.745
201612 93.761 98.400 108.244
201703 90.270 98.100 104.533
201706 75.738 98.500 87.349
201709 37.071 98.800 42.624
201712 37.288 99.400 42.615
201803 32.450 99.200 37.160
201806 29.586 99.200 33.881
201809 27.591 99.900 31.375
201812 32.919 99.700 37.509
201903 28.413 99.700 32.374
201906 26.786 99.800 30.490
201909 24.801 100.100 28.146
201912 26.792 100.500 30.284
202003 20.253 100.300 22.939
202006 14.797 99.900 16.826
202009 16.271 99.900 18.502
202012 20.550 99.300 23.509
202103 15.575 99.900 17.711
202106 16.138 99.500 18.425
202109 15.891 100.100 18.034
202112 18.628 100.100 21.140
202203 15.163 101.100 17.038
202206 17.201 101.800 19.195
202209 16.348 103.100 18.013
202212 18.540 104.100 20.232
202303 16.668 104.400 18.137
202306 16.985 105.200 18.341
202309 16.931 106.200 18.111
202312 16.291 106.800 17.328
202403 15.469 107.200 16.393
202406 13.954 108.200 14.650
202409 13.262 108.900 13.834
202412 14.923 110.700 15.314
202503 12.955 111.100 13.247
202506 13.003 111.700 13.224
202509 12.828 112.000 13.011
202512 14.531 113.000 14.608
202603 11.081 112.700 11.169
202606 10.105 113.600 10.105

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 Bitcoin Japan (TSE:8105) Overvalued in 2026?

Based on GuruFocus' analysis, Bitcoin Japan stock appears to be overvalued. The current stock price of 円77.00 is trading 111.5% above its estimated GF Value™ of 円36.40. GuruFocus considers Bitcoin Japan to be Significantly Overvalued.

Key valuation signals for TSE:8105:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円36.40 vs. price of 円77.00 (111.5% above fair value)
  • GF Score™: 46/100 with 4 warning signs

No single metric tells the full story. See the TSE:8105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bitcoin Japan Business Description

Address 1-10-5 Yokoami, Kokugikan Front Building 3rd floor, Sumida-ku, Tokyo, JPN
Bitcoin Japan Corp operates at the intersection of Bitcoin-related financial services and artificial intelligence. The company is developing infrastructure intended to support Japan's participation in the emerging intelligence-focused economy, combining AI-related investments with a balance sheet that includes Bitcoin holdings.
46GF Score

Get the complete analysis for TSE:8105

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

円77.00
Price
円36.40
GF Value