Joshin (TSE:8173) Cyclically Adjusted PS Ratio: 0.24 (As of Aug. 04, 2026) — 60% 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:8173 Joshin Corp TSE:8173
57 GF Score
Price 円4,060.00
GF Value 円2,609.77
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Joshin Cyclically Adjusted PS Ratio?

Joshin TSE:8173 +1.25% 57 Cyclically Adjusted PS Ratio is 0.24 as of Aug. 04, 2026, which is 60% above its 10-year median of 0.15. GuruFocus rates TSE:8173 with a GF Score™ of 57/100 and a GF Value™ of 円2,609.77 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 793 Retail - Cyclical companies, Joshin ranks better than 75.91% on this metric.

As of today (2026-08-04), Joshin's current share price is 円4060.00. Joshin's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円16,980.51. Joshin's Cyclically Adjusted PS Ratio for today is 0.24.

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

TSE:8173' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.15   Max: 0.3
Current: 0.22

During the past years, Joshin's highest Cyclically Adjusted PS Ratio was 0.30. The lowest was 0.10. And the median was 0.15.

TSE:8173's Cyclically Adjusted PS Ratio is ranked better than
75.91% of 793 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs TSE:8173: 0.22

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.

Joshin's adjusted revenue per share data for the three months ended in Mar. 2026 was 円4,314.906. 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16,980.51 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Joshin  (TSE:8173) 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.


Joshin Cyclically Adjusted PS Ratio Related Terms


Joshin Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Joshin'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.

Joshin Cyclically Adjusted PS Ratio Chart

Joshin 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 0.13 0.12 0.14 0.13 0.17

Joshin 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 0.13 0.14 0.15 0.16 0.17

TSE:8173 vs CASY, WSM, ULTA: Cyclically Adjusted PS Ratio Comparison

For the Specialty Retail subindustry, Joshin'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.


Joshin Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

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

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


TSE:8173
57GF Score
Joshin Corp TSE:8173
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Joshin 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4060.00/16980.51
=0.24

* 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.

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

For example, Joshin'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)
=4314.906/112.7000*112.7000
=4,314.906

Current CPI (Mar. 2026) = 112.7000.

Joshin Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3,292.098 98.100 3,782.053
201609 3,527.402 98.000 4,056.512
201612 3,724.071 98.400 4,265.272
201703 3,631.901 98.100 4,172.429
201706 3,271.583 98.500 3,743.222
201709 3,776.821 98.800 4,308.175
201712 3,947.515 99.400 4,475.704
201803 3,789.315 99.200 4,304.998
201806 3,382.365 99.200 3,842.667
201809 3,866.536 99.900 4,361.948
201812 4,045.586 99.700 4,573.095
201903 3,899.707 99.700 4,408.194
201906 3,622.747 99.800 4,091.018
201909 4,506.401 100.100 5,073.640
201912 3,729.085 100.500 4,181.770
202003 3,702.156 100.300 4,159.850
202006 4,003.401 99.900 4,516.349
202009 4,469.074 99.900 5,041.688
202012 4,265.239 99.300 4,840.810
202103 4,047.464 99.900 4,566.058
202106 3,641.165 99.500 4,124.214
202109 3,863.650 100.100 4,349.984
202112 3,968.249 100.100 4,467.749
202203 3,826.405 101.100 4,265.439
202206 3,533.844 101.800 3,912.222
202209 3,859.432 103.100 4,218.797
202212 4,059.389 104.100 4,394.747
202303 3,891.673 104.400 4,201.068
202306 3,420.780 105.200 3,664.657
202309 4,053.974 106.200 4,302.099
202312 4,173.267 106.800 4,403.813
202403 3,694.271 107.200 3,883.809
202406 3,459.458 108.200 3,603.336
202409 3,908.274 108.900 4,044.651
202412 3,962.426 110.700 4,034.015
202503 4,165.236 111.100 4,225.221
202506 3,866.563 111.700 3,901.179
202509 4,281.781 112.000 4,308.542
202512 4,430.952 113.000 4,419.188
202603 4,314.906 112.700 4,314.906

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 0.24 mean?
Joshin (TSE:8173) has a Cyclically Adjusted PS Ratio of 0.24 as of Aug. 04, 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 Joshin and its competitors. This is 60% above median its historical median of 0.15. Over the past decade, Joshin's Cyclically Adjusted PS Ratio has ranged from 0.10 to 0.30. According to the industry distribution chart, Joshin ranks #191 out of 793 companies in the Retail - Cyclical industry, placing it in the top 24.1%.
Is Joshin's Cyclically Adjusted PS Ratio too high?
Joshin's current Cyclically Adjusted PS Ratio of 0.24 is 60% above median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.30. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.49. Joshin's value of 0.24 is 51% below this industry median. Based on the distribution chart, Joshin ranks #191 out of 793 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Joshin has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Joshin's Cyclically Adjusted PS Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Joshin ranks #191 out of 793 companies for Cyclically Adjusted PS Ratio. This places Joshin in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.49. Joshin's value of 0.24 is 51% below this benchmark. Historically, Joshin's own Cyclically Adjusted PS Ratio has ranged from 0.10 to 0.30 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 0.49, Joshin 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.49, based on 793 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. Joshin's current Cyclically Adjusted PS Ratio of 0.24 is 51% 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 Joshin 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. Joshin's current Cyclically Adjusted PS Ratio is 0.24, which is 60% above median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joshin stock overvalued right now?
Based on GuruFocus' analysis, Joshin (TSE:8173) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,609.77, compared to a current price of 円4,060.00 — trading 55.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.24, which is 60% above median its 10-year median of 0.15 and 51% below the Retail - Cyclical industry median of 0.49. Joshin's overall GF Score™ is 57/100 with 8 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 Joshin (TSE:8173), the current Cyclically Adjusted PS Ratio is 0.24 as of Aug. 04, 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 Joshin (TSE:8173) Overvalued in 2026?

Based on GuruFocus' analysis, Joshin stock appears to be overvalued. The current stock price of 円4,060.00 is trading 55.6% above its estimated GF Value™ of 円2,609.77. GuruFocus considers Joshin to be Significantly Overvalued.

Key valuation signals for TSE:8173:

  • Cyclically Adjusted PS Ratio: 0.24 (60% above median its 10-year median of 0.15)
  • GF Value™: 円2,609.77 vs. price of 円4,060.00 (55.6% above fair value)
  • GF Score™: 57/100 with 8 warning signs
  • Industry Position: 51% below the Retail - Cyclical median (#191 of 793)

No single metric tells the full story. See the TSE:8173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Joshin Business Description

Address 1-6-5 Nihonbashi Nishi, Naniwa-ku, Osaka, JPN, 556-8550
Joshin Corp is engaged in the sale of electric appliances. The company operates specialty stores for electrical home appliances, information communications equipment, entertainment products, housing equipment and other related products.
57GF Score

Get the complete analysis for TSE:8173

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

円4,060.00
Price
円2,609.77
GF Value