Marusan Securities Co (TSE:8613) Cyclically Adjusted PS Ratio: 4.08 (As of Aug. 06, 2026) — 44% Above Median

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TSE:8613 Marusan Securities Co Ltd TSE:8613
80 GF Score
Price 円1,204.00
GF Value 円1,166.54
Valuation Fairly Valued
! 4 Warning Signs
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What is Marusan Securities Co Cyclically Adjusted PS Ratio?

Marusan Securities Co TSE:8613 +1.09% 80 Cyclically Adjusted PS Ratio is 4.08 as of Aug. 06, 2026, which is 44% above its 10-year median of 2.83. GuruFocus rates TSE:8613 with a GF Score™ of 80/100 and a GF Value™ of 円1,166.54 (Fairly Valued). The stock has 4 warning signs investors should review. Among 606 Capital Markets companies, Marusan Securities Co ranks worse than 55.94% on this metric.

As of today (2026-08-06), Marusan Securities Co's current share price is 円1204.00. Marusan Securities Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円295.05. Marusan Securities Co's Cyclically Adjusted PS Ratio for today is 4.08.

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

TSE:8613' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.32   Med: 2.83   Max: 4.12
Current: 4.12

During the past years, Marusan Securities Co's highest Cyclically Adjusted PS Ratio was 4.12. The lowest was 1.32. And the median was 2.83.

TSE:8613's Cyclically Adjusted PS Ratio is ranked worse than
55.94% of 606 companies
in the Capital Markets industry
Industry Median: 3.41 vs TSE:8613: 4.12

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.

Marusan Securities Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円93.006. 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295.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marusan Securities Co  (TSE:8613) 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.


Marusan Securities Co Cyclically Adjusted PS Ratio Related Terms


Marusan Securities Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Marusan Securities 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.

Marusan Securities Co Cyclically Adjusted PS Ratio Chart

Marusan Securities 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 1.75 1.48 3.79 3.12 3.39

Marusan Securities Co 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 3.12 3.09 3.27 3.46 3.39

TSE:8613 vs MS, GS, SCHW: Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, Marusan Securities 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.


Marusan Securities Co Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Marusan Securities Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:8613
80GF Score
Marusan Securities Co Ltd TSE:8613
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marusan Securities 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.

Marusan Securities Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1204.00/295.05
=4.08

* 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.

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

For example, Marusan Securities Co'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)
=93.006/112.7000*112.7000
=93.006

Current CPI (Mar. 2026) = 112.7000.

Marusan Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 58.419 98.100 67.113
201609 55.161 98.000 63.435
201612 60.344 98.400 69.114
201703 62.276 98.100 71.544
201706 65.604 98.500 75.062
201709 66.534 98.800 75.895
201712 82.924 99.400 94.019
201803 70.241 99.200 79.800
201806 62.703 99.200 71.236
201809 61.415 99.900 69.284
201812 57.575 99.700 65.082
201903 53.500 99.700 60.476
201906 59.515 99.800 67.208
201909 58.418 100.100 65.771
201912 68.387 100.500 76.689
202003 61.554 100.300 69.164
202006 64.471 99.900 72.732
202009 68.026 99.900 76.742
202012 76.162 99.300 86.440
202103 79.787 99.900 90.010
202106 72.912 99.500 82.585
202109 70.328 100.100 79.180
202112 76.095 100.100 85.673
202203 61.164 101.100 68.182
202206 58.954 101.800 65.266
202209 54.716 103.100 59.811
202212 57.843 104.100 62.622
202303 55.860 104.400 60.301
202306 69.991 105.200 74.981
202309 68.004 106.200 72.166
202312 63.550 106.800 67.061
202403 80.913 107.200 85.064
202406 75.158 108.200 78.284
202409 70.219 108.900 72.669
202412 71.264 110.700 72.552
202503 67.904 111.100 68.882
202506 65.838 111.700 66.427
202509 78.878 112.000 79.371
202512 89.875 113.000 89.636
202603 93.006 112.700 93.006

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 4.08 mean?
Marusan Securities Co (TSE:8613) has a Cyclically Adjusted PS Ratio of 4.08 as of Aug. 06, 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 Marusan Securities Co and its competitors. This is 44% above median its historical median of 2.83. Over the past decade, Marusan Securities Co's Cyclically Adjusted PS Ratio has ranged from 1.32 to 4.12. According to the industry distribution chart, Marusan Securities Co ranks #339 out of 606 companies in the Capital Markets industry, placing it in the top 55.9%.
Is Marusan Securities Co's Cyclically Adjusted PS Ratio too high?
Marusan Securities Co's current Cyclically Adjusted PS Ratio of 4.08 is 44% above median its 10-year median of 2.83. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 4.12. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.41. Marusan Securities Co's value of 4.08 is 19.6% above this industry median. Based on the distribution chart, Marusan Securities Co ranks #339 out of 606 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Marusan Securities Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Marusan Securities Co's Cyclically Adjusted PS Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Marusan Securities Co ranks #339 out of 606 companies for Cyclically Adjusted PS Ratio. This places Marusan Securities Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.41. Marusan Securities Co's value of 4.08 is 19.6% above this benchmark. Historically, Marusan Securities Co's own Cyclically Adjusted PS Ratio has ranged from 1.32 to 4.12 over the past decade. While the company's 10-year median is 2.83 vs. the industry median of 3.41, Marusan Securities Co 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 Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.41, based on 606 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. Marusan Securities Co's current Cyclically Adjusted PS Ratio of 4.08 is 19.6% 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 Marusan Securities Co and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marusan Securities Co's current Cyclically Adjusted PS Ratio is 4.08, which is 44% above median its own 10-year median of 2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marusan Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Marusan Securities Co (TSE:8613) is currently considered Fairly Valued. The stock's GF Value™ is 円1,166.54, compared to a current price of 円1,204.00 — trading 3.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.08, which is 44% above median its 10-year median of 2.83 and 19.6% above the Capital Markets industry median of 3.41. Marusan Securities Co's overall GF Score™ is 80/100 with 4 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 Marusan Securities Co (TSE:8613), the current Cyclically Adjusted PS Ratio is 4.08 as of Aug. 06, 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 Marusan Securities Co (TSE:8613) Overvalued in 2026?

Based on GuruFocus' analysis, Marusan Securities Co stock appears to be overvalued. The current stock price of 円1,204.00 is trading 3.2% above its estimated GF Value™ of 円1,166.54. GuruFocus considers Marusan Securities Co to be Fairly Valued.

Key valuation signals for TSE:8613:

  • Cyclically Adjusted PS Ratio: 4.08 (44% above median its 10-year median of 2.83)
  • GF Value™: 円1,166.54 vs. price of 円1,204.00 (3.2% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 19.6% above the Capital Markets median (#339 of 606)

No single metric tells the full story. See the TSE:8613 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marusan Securities Co Business Description

Other Exchanges 9KC:Germany
Address 3-6 Kojimachi, Chiyoda-ku, Tokyo, JPN
Marusan Securities Co Ltd trades financial securities and derivatives. The company is headquartered in Japan and generates all revenue domestically. Securities services offered by the company include mediation of buying and selling securities, brokerage, trading, exchange-market activities, underwriting, private placement, agency of bond payments, and investment trust services. The company also provides banking services such as loans on collateral, buying and selling yen-denominated bank acceptances, buying and selling gold bullion, safety deposits, business loans, and insurance including property, casualty, and life.
80GF Score

Get the complete analysis for TSE:8613

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

円1,204.00
Price
円1,166.54
GF Value