Hyakugo Bank (TSE:8368) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:8368 Hyakugo Bank Ltd TSE:8368
56 GF Score
Price 円2,481.00
GF Value 円937.88
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Hyakugo Bank Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hyakugo Bank  (TSE:8368) 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.


Hyakugo Bank Cyclically Adjusted PS Ratio Related Terms


Hyakugo Bank Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hyakugo Bank'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.

Hyakugo Bank Cyclically Adjusted PS Ratio Chart

Hyakugo Bank 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 1.03 1.09 1.80 1.92 3.67

Hyakugo Bank 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 1.79 2.33 2.87 3.73 4.78

Hyakugo Bank Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Hyakugo Bank'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.


Hyakugo Bank Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Hyakugo Bank's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:8368
56GF Score
Hyakugo Bank Ltd TSE:8368
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hyakugo Bank 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.

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

For example, Hyakugo Bank'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)
=157.961/113.6000*113.6000
=157.961

Current CPI (Jun. 2026) = 113.6000.

Hyakugo Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 74.159 98.000 85.964
201612 78.222 98.400 90.305
201703 81.364 98.100 94.220
201706 82.569 98.500 95.227
201709 77.843 98.800 89.504
201712 78.656 99.400 89.893
201803 86.174 99.200 98.683
201806 74.198 99.200 84.969
201809 80.766 99.900 91.842
201812 73.661 99.700 83.931
201903 83.280 99.700 94.891
201906 73.467 99.800 83.626
201909 87.384 100.100 99.169
201912 78.443 100.500 88.668
202003 88.163 100.300 99.854
202006 79.595 99.900 90.510
202009 81.959 99.900 93.199
202012 77.330 99.300 88.466
202103 107.112 99.900 121.801
202106 82.541 99.500 94.238
202109 87.797 100.100 99.638
202112 85.735 100.100 97.298
202203 118.450 101.100 133.095
202206 92.095 101.800 102.770
202209 95.878 103.100 105.642
202212 87.489 104.100 95.473
202303 100.036 104.400 108.851
202306 105.036 105.200 113.423
202309 106.400 106.200 113.814
202312 94.588 106.800 100.610
202403 123.234 107.200 130.591
202406 100.004 108.200 104.995
202409 106.493 108.900 111.089
202412 98.838 110.700 101.427
202503 117.901 111.100 120.554
202506 98.572 111.700 100.249
202509 131.749 112.000 133.631
202512 117.586 113.000 118.210
202603 127.939 112.700 128.961
202606 157.961 113.600 157.961

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 Hyakugo Bank (TSE:8368) Overvalued in 2026?

Based on GuruFocus' analysis, Hyakugo Bank stock appears to be overvalued. The current stock price of 円2,481.00 is trading 164.5% above its estimated GF Value™ of 円937.88. GuruFocus considers Hyakugo Bank to be Significantly Overvalued.

Key valuation signals for TSE:8368:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円937.88 vs. price of 円2,481.00 (164.5% above fair value)
  • GF Score™: 56/100 with 6 warning signs

No single metric tells the full story. See the TSE:8368 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hyakugo Bank Business Description

Other Exchanges 8368:Japan
Address 21-27, Iwata, Tsu, Mie, JPN, 514-8666
Hyakugo Bank Ltd is a Japanese bank that operates primarily in the Mie and Aichi prefectures. The bank's earning assets are just over half in loans and bills discounted and just under half in securities. Its loan portfolio is a diverse mix of loans to individuals, consumers, and small and medium-size companies. Housing loans dominate most loans made to consumers. Most outstanding loans to small and medium-size companies are in the manufacturing, real estate, wholesale and retail, government, financial services, and construction industries. Nearly all of the loans are made in the region the bank operates in. The bank's deposit base mostly originates from individuals.
56GF Score

Get the complete analysis for TSE:8368

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

円2,481.00
Price
円937.88
GF Value