ZETT (TSE:8135) Cyclically Adjusted PS Ratio: 0.17 (As of Aug. 08, 2026) — 42% Above Median

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TSE:8135 ZETT Corp TSE:8135
76 GF Score
Price 円425.00
GF Value 円402.97
Valuation Fairly Valued
! 3 Warning Signs
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What is ZETT Cyclically Adjusted PS Ratio?

ZETT TSE:8135 +0.24% 76 Cyclically Adjusted PS Ratio is 0.17 as of Aug. 08, 2026, which is 42% above its 10-year median of 0.12. GuruFocus rates TSE:8135 with a GF Score™ of 76/100 and a GF Value™ of 円402.97 (Fairly Valued). The stock has 3 warning signs investors should review. Among 671 Travel & Leisure companies, ZETT ranks better than 93.89% on this metric.

As of today (2026-08-08), ZETT's current share price is 円425.00. ZETT's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,559.09. ZETT's Cyclically Adjusted PS Ratio for today is 0.17.

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

TSE:8135' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.12   Max: 0.25
Current: 0.16

During the past years, ZETT's highest Cyclically Adjusted PS Ratio was 0.25. The lowest was 0.08. And the median was 0.12.

TSE:8135's Cyclically Adjusted PS Ratio is ranked better than
93.89% of 671 companies
in the Travel & Leisure industry
Industry Median: 1.29 vs TSE:8135: 0.16

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.

ZETT's adjusted revenue per share data for the three months ended in Mar. 2026 was 円819.413. 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2,559.09 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ZETT  (TSE:8135) 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.


ZETT Cyclically Adjusted PS Ratio Related Terms


ZETT Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ZETT'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.

ZETT Cyclically Adjusted PS Ratio Chart

ZETT 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 0.12 0.13 0.14 0.17 0.17

ZETT Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.17 0.00 0.00 0.00 0.17

TSE:8135 vs AS, HAS, LTH: Cyclically Adjusted PS Ratio Comparison

For the Leisure subindustry, ZETT'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.


ZETT Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, ZETT's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:8135
76GF Score
ZETT Corp TSE:8135
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZETT 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=425.00/2559.09
=0.17

* 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.

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

For example, ZETT'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)
=819.413/112.7000*112.7000
=819.413

Current CPI (Mar. 2026) = 112.7000.

ZETT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 531.706 97.900 612.086
201606 525.335 98.100 603.519
201609 510.058 98.000 586.567
201612 460.968 98.400 527.958
201703 564.166 98.100 648.130
201706 517.435 98.500 592.030
201709 499.913 98.800 570.245
201712 443.001 99.400 502.276
201803 523.499 99.200 594.741
201806 550.707 99.200 625.652
201809 528.044 99.900 595.701
201812 516.531 99.700 583.882
201903 568.837 99.700 643.008
201906 560.706 99.800 633.182
201909 555.111 100.100 624.985
201912 480.354 100.500 538.666
202003 541.929 100.300 608.927
202006 327.477 99.900 369.436
202009 538.736 99.900 607.763
202012 515.942 99.300 585.566
202103 539.224 99.900 608.314
202106 583.938 99.500 661.405
202109 567.458 100.100 638.886
202112 543.499 100.100 611.911
202203 588.161 101.100 655.645
202206 625.370 101.800 692.330
202209 646.999 103.100 707.243
202212 601.992 104.100 651.724
202303 674.073 104.400 727.663
202306 666.803 105.200 714.341
202309 667.586 106.200 708.446
202312 607.407 106.800 640.962
202403 712.490 107.200 749.045
202406 691.648 108.200 720.413
202409 700.317 108.900 724.754
202503 0.000 111.100 0.000
202506 739.361 111.700 745.980
202509 749.617 112.000 754.302
202512 688.072 113.000 686.245
202603 819.413 112.700 819.413

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 0.17 mean?
ZETT (TSE:8135) has a Cyclically Adjusted PS Ratio of 0.17 as of Aug. 08, 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 ZETT and its competitors. This is 42% above median its historical median of 0.12. Over the past decade, ZETT's Cyclically Adjusted PS Ratio has ranged from 0.08 to 0.25. According to the industry distribution chart, ZETT ranks #41 out of 671 companies in the Travel & Leisure industry, placing it in the top 6.1%.
Is ZETT's Cyclically Adjusted PS Ratio too high?
ZETT's current Cyclically Adjusted PS Ratio of 0.17 is 42% above median its 10-year median of 0.12. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.25. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.29. ZETT's value of 0.17 is 86.8% below this industry median. Based on the distribution chart, ZETT ranks #41 out of 671 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, ZETT has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ZETT's Cyclically Adjusted PS Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, ZETT ranks #41 out of 671 companies for Cyclically Adjusted PS Ratio. This places ZETT in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.29. ZETT's value of 0.17 is 86.8% below this benchmark. Historically, ZETT's own Cyclically Adjusted PS Ratio has ranged from 0.08 to 0.25 over the past decade. While the company's 10-year median is 0.12 vs. the industry median of 1.29, ZETT 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 a Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.29, based on 671 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. ZETT's current Cyclically Adjusted PS Ratio of 0.17 is 86.8% 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 ZETT and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZETT's current Cyclically Adjusted PS Ratio is 0.17, which is 42% above median its own 10-year median of 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZETT stock overvalued right now?
Based on GuruFocus' analysis, ZETT (TSE:8135) is currently considered Fairly Valued. The stock's GF Value™ is 円402.97, compared to a current price of 円425.00 — trading 5.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.17, which is 42% above median its 10-year median of 0.12 and 86.8% below the Travel & Leisure industry median of 1.29. ZETT's overall GF Score™ is 76/100 with 3 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 ZETT (TSE:8135), the current Cyclically Adjusted PS Ratio is 0.17 as of Aug. 08, 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 ZETT (TSE:8135) Overvalued in 2026?

Based on GuruFocus' analysis, ZETT stock appears to be overvalued. The current stock price of 円425.00 is trading 5.5% above its estimated GF Value™ of 円402.97. GuruFocus considers ZETT to be Fairly Valued.

Key valuation signals for TSE:8135:

  • Cyclically Adjusted PS Ratio: 0.17 (42% above median its 10-year median of 0.12)
  • GF Value™: 円402.97 vs. price of 円425.00 (5.5% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 86.8% below the Travel & Leisure median (#41 of 671)

No single metric tells the full story. See the TSE:8135 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ZETT Business Description

Address 1-2-16 Uragashida, Tennoji Ward, Osaka, JPN, 443 8601
ZETT Corp is a Japanese company engaged in the production, sales, import, and export of sporting goods.
76GF Score

Get the complete analysis for TSE:8135

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

円425.00
Price
円402.97
GF Value