Japan Securities Finance Co (TSE:8511) 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:8511 Japan Securities Finance Co Ltd TSE:8511
61 GF Score
Price 円2,507.00
GF Value 円4,192.47
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Japan Securities Finance Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Securities Finance Co  (TSE:8511) 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.


Japan Securities Finance Co Cyclically Adjusted PS Ratio Related Terms


Japan Securities Finance Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Japan Securities Finance Co'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.

Japan Securities Finance Co Cyclically Adjusted PS Ratio Chart

Japan Securities Finance Co 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 3.50 3.40 4.84 4.40 3.97

Japan Securities Finance Co 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 4.07 4.06 4.11 3.95 4.13

TSE:8511 vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Japan Securities Finance Co'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.


Japan Securities Finance Co Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Japan Securities Finance Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Japan Securities Finance Co's Cyclically Adjusted PS Ratio falls into.


TSE:8511
61GF Score
Japan Securities Finance Co Ltd TSE:8511
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Securities Finance Co 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.

Japan Securities Finance Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Japan Securities Finance Co'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)
=464.422/113.6000*113.6000
=464.422

Current CPI (Jun. 2026) = 113.6000.

Japan Securities Finance Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 52.007 98.000 60.286
201612 66.022 98.400 76.221
201703 62.737 98.100 72.650
201706 67.314 98.500 77.633
201709 67.210 98.800 77.278
201712 83.078 99.400 94.946
201803 58.138 99.200 66.577
201806 65.657 99.200 75.188
201809 61.839 99.900 70.319
201812 86.724 99.700 98.815
201903 44.405 99.700 50.596
201906 82.120 99.800 93.475
201909 73.291 100.100 83.175
201912 85.199 100.500 96.305
202003 74.072 100.300 83.894
202006 86.502 99.900 98.365
202009 80.154 99.900 91.146
202012 85.299 99.300 97.583
202103 84.656 99.900 96.265
202106 80.690 99.500 92.124
202109 83.317 100.100 94.554
202112 79.645 100.100 90.386
202203 85.969 101.100 96.598
202206 124.172 101.800 138.565
202209 112.138 103.100 123.558
202212 120.670 104.100 131.682
202303 126.222 104.400 137.345
202306 159.391 105.200 172.118
202309 128.386 106.200 137.332
202312 145.882 106.800 155.170
202403 155.690 107.200 164.985
202406 147.713 108.200 155.085
202409 188.291 108.900 196.417
202412 151.358 110.700 155.323
202503 235.913 111.100 241.222
202506 279.456 111.700 284.210
202509 330.798 112.000 335.524
202512 346.338 113.000 348.177
202603 385.315 112.700 388.392
202606 464.422 113.600 464.422

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 Japan Securities Finance Co (TSE:8511) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Securities Finance Co stock appears to be undervalued. The current stock price of 円2,507.00 is trading 40.2% below its estimated GF Value™ of 円4,192.47. GuruFocus considers Japan Securities Finance Co to be Significantly Undervalued.

Key valuation signals for TSE:8511:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円4,192.47 vs. price of 円2,507.00 (40.2% below fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the TSE:8511 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Securities Finance Co Business Description

Other Exchanges JSE:Germany
Address 1-2-10 Nihonbashi-Kayabacho, Chuo-ku, Tokyo, JPN, 103-0025
Japan Securities Finance Co Ltd operates in three business segments: Securities Finance, Trust Banking, and Real Estate Leasing. In the Securities Finance business, which makes up the vast majority of the company's total revenue, the company primarily provides loans for margin transactions where it earns revenue through fees and interest. The Securities Finance segment also earns fees through stock and bond lending and earns interest through bond financing and general loans. The Trust Banking business provides trust services, such as securities trust, and banking services, such as deposits and loans. The Real Estate Leasing business provides services for leasing and managing real estate. The company operates exclusively in Japan.
61GF Score

Get the complete analysis for TSE:8511

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

円2,507.00
Price
円4,192.47
GF Value