Mizuho Financial Group (TSE:8411) Cyclically Adjusted PS Ratio: (As of Sep. 22, 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:8411 Mizuho Financial Group Inc TSE:8411
60 GF Score
Price 円8,495.00
GF Value 円4,763.18
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Mizuho Financial Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mizuho Financial Group  (TSE:8411) 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.


Mizuho Financial Group Cyclically Adjusted PS Ratio Related Terms


Mizuho Financial Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mizuho Financial Group'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.

Mizuho Financial Group Cyclically Adjusted PS Ratio Chart

Mizuho Financial Group 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 1.51 1.75 2.71 3.39 4.80

Mizuho Financial Group 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 3.30 4.08 4.57 4.83 6.02

Mizuho Financial Group Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Mizuho Financial Group'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.


Mizuho Financial Group Cyclically Adjusted PS Ratio vs Banks Industry

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

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


TSE:8411
60GF Score
Mizuho Financial Group Inc TSE:8411
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mizuho Financial Group 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.

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

For example, Mizuho Financial Group'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)
=464.225/113.6000*113.6000
=464.225

Current CPI (Jun. 2026) = 113.6000.

Mizuho Financial Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 248.675 98.000 288.260
201612 254.691 98.400 294.034
201703 279.592 98.100 323.768
201706 225.006 98.500 259.499
201709 252.313 98.800 290.109
201712 250.460 99.400 286.240
201803 267.916 99.200 306.807
201806 250.689 99.200 287.079
201809 269.119 99.900 306.025
201812 209.022 99.700 238.163
201903 261.413 99.700 297.859
201906 243.162 99.800 276.786
201909 248.395 100.100 281.895
201912 241.234 100.500 272.678
202003 263.983 100.300 298.988
202006 265.265 99.900 301.643
202009 248.189 99.900 282.225
202012 258.314 99.300 295.513
202103 266.095 99.900 302.587
202106 247.298 99.500 282.342
202109 261.681 100.100 296.973
202112 264.297 100.100 299.941
202203 280.334 101.100 314.994
202206 268.070 101.800 299.143
202209 281.636 103.100 310.319
202212 270.673 104.100 295.374
202303 298.887 104.400 325.226
202306 283.205 105.200 305.818
202309 313.061 106.200 334.875
202312 321.421 106.800 341.886
202403 323.313 107.200 342.615
202406 346.773 108.200 364.080
202409 368.549 108.900 384.455
202412 362.262 110.700 371.752
202503 372.600 111.100 380.984
202506 345.148 111.700 351.019
202509 394.795 112.000 400.435
202512 424.434 113.000 426.688
202603 483.326 112.700 487.186
202606 464.225 113.600 464.225

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 Mizuho Financial Group (TSE:8411) Overvalued in 2026?

Based on GuruFocus' analysis, Mizuho Financial Group stock appears to be overvalued. The current stock price of 円8,495.00 is trading 78.3% above its estimated GF Value™ of 円4,763.18. GuruFocus considers Mizuho Financial Group to be Significantly Overvalued.

Key valuation signals for TSE:8411:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円4,763.18 vs. price of 円8,495.00 (78.3% above fair value)
  • GF Score™: 60/100 with 5 warning signs

No single metric tells the full story. See the TSE:8411 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mizuho Financial Group Business Description

Address 1-5-5, Otemachi, Otemachi Tower, Chiyoda-ku, Tokyo, JPN, 100-8176
Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers, which own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.
60GF Score

Get the complete analysis for TSE:8411

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

円8,495.00
Price
円4,763.18
GF Value