Forval (TSE:8275) Cyclically Adjusted PS Ratio: 0.42 (As of Aug. 13, 2026) — 24% Below Median

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TSE:8275 Forval Corp TSE:8275
73 GF Score
Price 円1,017.00
GF Value 円1,461.94
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Forval Cyclically Adjusted PS Ratio?

Forval TSE:8275 +0.69% 73 Cyclically Adjusted PS Ratio is 0.42 as of Aug. 13, 2026, which is 24% below its 10-year median of 0.55. GuruFocus rates TSE:8275 with a GF Score™ of 73/100 and a GF Value™ of 円1,461.94 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,603 Software companies, Forval ranks better than 83.72% on this metric.

As of today (2026-08-13), Forval's current share price is 円1017.00. Forval's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,431.70. Forval's Cyclically Adjusted PS Ratio for today is 0.42.

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

TSE:8275' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.55   Max: 0.7
Current: 0.41

During the past years, Forval's highest Cyclically Adjusted PS Ratio was 0.70. The lowest was 0.40. And the median was 0.55.

TSE:8275's Cyclically Adjusted PS Ratio is ranked better than
83.72% of 1603 companies
in the Software industry
Industry Median: 1.64 vs TSE:8275: 0.41

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.

Forval's adjusted revenue per share data for the three months ended in Mar. 2026 was 円764.910. 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2,431.70 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Forval  (TSE:8275) 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.


Forval Cyclically Adjusted PS Ratio Related Terms


Forval Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Forval'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.

Forval Cyclically Adjusted PS Ratio Chart

Forval 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 0.47 0.57 0.58 0.00 0.45

Forval 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 0.00 0.57 0.56 0.49 0.45

TSE:8275 vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Forval'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.


Forval Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Forval's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:8275
73GF Score
Forval Corp TSE:8275
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forval 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1017.00/2431.70
=0.42

* 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.

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

For example, Forval'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)
=764.91/112.7000*112.7000
=764.910

Current CPI (Mar. 2026) = 112.7000.

Forval Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 536.664 97.900 617.794
201606 479.262 98.100 550.589
201609 484.132 98.000 556.752
201612 486.328 98.400 557.004
201703 522.173 98.100 599.887
201706 476.557 98.500 545.259
201709 484.938 98.800 553.163
201712 506.186 99.400 573.915
201803 555.468 99.200 631.061
201806 514.123 99.200 584.089
201809 544.702 99.900 614.494
201812 576.711 99.700 651.909
201903 657.162 99.700 742.850
201906 469.735 99.800 530.452
201909 517.840 100.100 583.023
201912 481.112 100.500 539.516
202003 509.759 100.300 572.780
202006 437.071 99.900 493.072
202009 488.302 99.900 550.867
202012 490.797 99.300 557.027
202103 538.145 99.900 607.097
202106 442.672 99.500 501.398
202109 472.606 100.100 532.095
202112 492.491 100.100 554.483
202203 604.080 101.100 673.391
202206 509.080 101.800 563.589
202209 564.351 103.100 616.900
202212 566.521 104.100 613.323
202303 678.265 104.400 732.188
202306 557.320 105.200 597.053
202309 631.970 106.200 670.650
202312 598.963 106.800 632.052
202403 681.820 107.200 716.801
202406 603.893 108.200 629.009
202409 688.643 108.900 712.673
202503 0.000 111.100 0.000
202506 614.264 111.700 619.763
202509 688.091 112.000 692.392
202512 675.553 113.000 673.759
202603 764.910 112.700 764.910

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 0.42 mean?
Forval (TSE:8275) has a Cyclically Adjusted PS Ratio of 0.42 as of Aug. 13, 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 Forval and its competitors. This is 24% below median its historical median of 0.55. Over the past decade, Forval's Cyclically Adjusted PS Ratio has ranged from 0.40 to 0.70. According to the industry distribution chart, Forval ranks #261 out of 1603 companies in the Software industry, placing it in the top 16.3%.
Is Forval's Cyclically Adjusted PS Ratio too high?
Forval's current Cyclically Adjusted PS Ratio of 0.42 is 24% below median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.70. The Software industry median Cyclically Adjusted PS Ratio is 1.64. Forval's value of 0.42 is 74.4% below this industry median. Based on the distribution chart, Forval ranks #261 out of 1603 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Forval has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forval's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Forval ranks #261 out of 1603 companies for Cyclically Adjusted PS Ratio. This places Forval in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.64. Forval's value of 0.42 is 74.4% below this benchmark. Historically, Forval's own Cyclically Adjusted PS Ratio has ranged from 0.40 to 0.70 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 1.64, Forval 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.64, based on 1,603 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. Forval's current Cyclically Adjusted PS Ratio of 0.42 is 74.4% 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 Forval and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forval's current Cyclically Adjusted PS Ratio is 0.42, which is 24% below median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forval stock overvalued right now?
Based on GuruFocus' analysis, Forval (TSE:8275) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,461.94, compared to a current price of 円1,017.00 — trading 30.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.42, which is 24% below median its 10-year median of 0.55 and 74.4% below the Software industry median of 1.64. Forval's overall GF Score™ is 73/100 with 1 warning sign 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 Forval (TSE:8275), the current Cyclically Adjusted PS Ratio is 0.42 as of Aug. 13, 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 Forval (TSE:8275) Overvalued in 2026?

Based on GuruFocus' analysis, Forval stock appears to be undervalued. The current stock price of 円1,017.00 is trading 30.4% below its estimated GF Value™ of 円1,461.94. GuruFocus considers Forval to be Significantly Undervalued.

Key valuation signals for TSE:8275:

  • Cyclically Adjusted PS Ratio: 0.42 (24% below median its 10-year median of 0.55)
  • GF Value™: 円1,461.94 vs. price of 円1,017.00 (30.4% below fair value)
  • GF Score™: 73/100 with 1 warning sign
  • Industry Position: 74.4% below the Software median (#261 of 1603)

No single metric tells the full story. See the TSE:8275 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forval Business Description

Address Aoyama Oval Building, 14th floor, 5-52-2 Jingumae, Shibuya-ku, Tokyo, JPN, 150-0001
Forval Corp is engaged in information communication and management consulting businesses. The company provides consulting services for IP integration system, information security, web construction, overseas expansion services, business succession, among others.
73GF Score

Get the complete analysis for TSE:8275

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

円1,017.00
Price
円1,461.94
GF Value