ORIX (TSE:8591) Cyclically Adjusted PS Ratio: 4.62 (As of Jul. 30, 2026) — 104% 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:8591 ORIX Corp TSE:8591
71 GF Score
Price 円6,496.00
GF Value 円5,106.79
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is ORIX Cyclically Adjusted PS Ratio?

ORIX TSE:8591 +1.50% 71 Cyclically Adjusted PS Ratio is 4.62 as of Jul. 30, 2026, which is 104% above its 10-year median of 2.27. GuruFocus rates TSE:8591 with a GF Score™ of 71/100 and a GF Value™ of 円5,106.79 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 73 Diversified Financial Services companies, ORIX ranks worse than 71.23% on this metric.

As of today (2026-07-30), ORIX's current share price is 円6496.00. ORIX's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,407.41. ORIX's Cyclically Adjusted PS Ratio for today is 4.62.

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

TSE:8591' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.34   Med: 2.27   Max: 4.64
Current: 4.55

During the past years, ORIX's highest Cyclically Adjusted PS Ratio was 4.64. The lowest was 1.34. And the median was 2.27.

TSE:8591's Cyclically Adjusted PS Ratio is ranked worse than
71.23% of 73 companies
in the Diversified Financial Services industry
Industry Median: 2.6 vs TSE:8591: 4.55

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.

ORIX's adjusted revenue per share data for the three months ended in Mar. 2026 was 円549.178. 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1,407.41 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ORIX  (TSE:8591) 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.


ORIX Cyclically Adjusted PS Ratio Related Terms


ORIX Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ORIX'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.

ORIX Cyclically Adjusted PS Ratio Chart

ORIX 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 2.51 2.00 2.77 2.39 3.27

ORIX 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 2.39 2.47 2.89 3.31 3.27

TSE:8591 vs FRHC, VOYA: Cyclically Adjusted PS Ratio Comparison

For the Financial Conglomerates subindustry, ORIX'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.


ORIX Cyclically Adjusted PS Ratio vs Diversified Financial Services Industry

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

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


TSE:8591
71GF Score
ORIX Corp TSE:8591
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ORIX 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6496.00/1407.41
=4.62

* 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.

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

For example, ORIX'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)
=549.178/112.7000*112.7000
=549.178

Current CPI (Mar. 2026) = 112.7000.

ORIX Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 207.685 98.100 238.594
201609 227.427 98.000 261.541
201612 253.142 98.400 289.930
201703 242.807 98.100 278.943
201706 259.325 98.500 296.710
201709 257.520 98.800 293.750
201712 259.995 99.400 294.783
201803 235.774 99.200 267.860
201806 252.089 99.200 286.395
201809 268.212 99.900 302.578
201812 211.030 99.700 238.546
201903 280.734 99.700 317.339
201906 257.221 99.800 290.469
201909 271.538 100.100 305.718
201912 276.012 100.500 309.518
202003 237.944 100.300 267.361
202006 258.394 99.900 291.502
202009 280.788 99.900 316.765
202012 296.925 99.300 336.993
202103 312.603 99.900 352.656
202106 318.066 99.500 360.262
202109 325.551 100.100 366.529
202112 329.943 100.100 371.474
202203 323.665 101.100 360.802
202206 336.007 101.800 371.984
202209 347.828 103.100 380.215
202212 338.512 104.100 366.477
202303 357.751 104.400 386.193
202306 432.832 105.200 463.690
202309 373.672 106.200 396.543
202312 360.996 106.800 380.939
202403 424.171 107.200 445.934
202406 457.497 108.200 476.524
202409 316.258 108.900 327.294
202412 437.466 110.700 445.370
202503 386.755 111.100 392.325
202506 506.704 111.700 511.240
202509 386.727 112.000 389.144
202512 495.376 113.000 494.061
202603 549.178 112.700 549.178

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 4.62 mean?
ORIX (TSE:8591) has a Cyclically Adjusted PS Ratio of 4.62 as of Jul. 30, 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 ORIX and its competitors. This is 104% above median its historical median of 2.27. Over the past decade, ORIX's Cyclically Adjusted PS Ratio has ranged from 1.34 to 4.64. According to the industry distribution chart, ORIX ranks #52 out of 73 companies in the Diversified Financial Services industry, placing it in the top 71.2%.
Is ORIX's Cyclically Adjusted PS Ratio too high?
ORIX's current Cyclically Adjusted PS Ratio of 4.62 is 104% above median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 1.34 to a high of 4.64. The Diversified Financial Services industry median Cyclically Adjusted PS Ratio is 2.60. ORIX's value of 4.62 is 77.7% above this industry median. Based on the distribution chart, ORIX ranks #52 out of 73 companies in the Diversified Financial Services industry, which is below the industry midpoint. Overall, ORIX has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ORIX's Cyclically Adjusted PS Ratio compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, ORIX ranks #52 out of 73 companies for Cyclically Adjusted PS Ratio. This places ORIX in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.60. ORIX's value of 4.62 is 77.7% above this benchmark. Historically, ORIX's own Cyclically Adjusted PS Ratio has ranged from 1.34 to 4.64 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 2.60, ORIX has consistently been above 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 Diversified Financial Services company?
The median Cyclically Adjusted PS Ratio among Diversified Financial Services companies is 2.60, based on 73 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. ORIX's current Cyclically Adjusted PS Ratio of 4.62 is 77.7% above 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 ORIX and its competitors. For the Diversified Financial Services industry, the median Cyclically Adjusted PS Ratio is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ORIX's current Cyclically Adjusted PS Ratio is 4.62, which is 104% above median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ORIX stock overvalued right now?
Based on GuruFocus' analysis, ORIX (TSE:8591) is currently considered Modestly Overvalued. The stock's GF Value™ is 円5,106.79, compared to a current price of 円6,496.00 — trading 27.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.62, which is 104% above median its 10-year median of 2.27 and 77.7% above the Diversified Financial Services industry median of 2.60. ORIX's overall GF Score™ is 71/100 with 7 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 ORIX (TSE:8591), the current Cyclically Adjusted PS Ratio is 4.62 as of Jul. 30, 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 ORIX (TSE:8591) Overvalued in 2026?

Based on GuruFocus' analysis, ORIX stock appears to be overvalued. The current stock price of 円6,496.00 is trading 27.2% above its estimated GF Value™ of 円5,106.79. GuruFocus considers ORIX to be Modestly Overvalued.

Key valuation signals for TSE:8591:

  • Cyclically Adjusted PS Ratio: 4.62 (104% above median its 10-year median of 2.27)
  • GF Value™: 円5,106.79 vs. price of 円6,496.00 (27.2% above fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 77.7% above the Diversified Financial Services median (#52 of 73)

No single metric tells the full story. See the TSE:8591 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ORIX Business Description

Address 2-4-1 Hamamatsu-cho, World Trade Center Building, South Tower, Minato-ku, Tokyo, JPN, 105-5135
ORIX Corp is a diversified financial services company with operations in Corporate Financial Services, Maintenance Leasing, Real Estate, PE Investment and Concession, Environment and Energy, Insurance, Banking and Credit, Aircraft and Ships, ORIX USA, ORIX Europe, Asia, and Australia and engages in various other fee businesses by providing products and services aligned with customer needs to its core customer base of domestic small and medium-sized enterprises. Orix's numerous divisions finance leases of large-ticket items like ships, airplanes, and technology equipment. The company generates the majority of its revenue from Corporate Financial Services and Maintenance Leasing operations and Real Estate operations.
71GF Score

Get the complete analysis for TSE:8591

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

円6,496.00
Price
円5,106.79
GF Value