Maruhachi Securities Co (TSE:8700) Cyclically Adjusted PS Ratio: 2.35 (As of Jul. 18, 2026) — 31% Above Median

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TSE:8700 Maruhachi Securities Co Ltd TSE:8700
82 GF Score
Price 円1,853.00
GF Value 円1,924.15
Valuation Fairly Valued
! 5 Warning Signs
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What is Maruhachi Securities Co Cyclically Adjusted PS Ratio?

Maruhachi Securities Co TSE:8700 -1.96% 82 Cyclically Adjusted PS Ratio is 2.35 as of Jul. 18, 2026, which is 31% above its 10-year median of 1.79. GuruFocus rates TSE:8700 with a GF Score™ of 82/100 and a GF Value™ of 円1,924.15 (Fairly Valued). The stock has 5 warning signs investors should review. Among 603 Capital Markets companies, Maruhachi Securities Co ranks better than 60.36% on this metric.

As of today (2026-07-18), Maruhachi Securities Co's current share price is 円1853.00. Maruhachi Securities Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円787.13. Maruhachi Securities Co's Cyclically Adjusted PS Ratio for today is 2.35.

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

TSE:8700' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.9   Med: 1.79   Max: 2.39
Current: 2.34

During the past years, Maruhachi Securities Co's highest Cyclically Adjusted PS Ratio was 2.39. The lowest was 0.90. And the median was 1.79.

TSE:8700's Cyclically Adjusted PS Ratio is ranked better than
60.36% of 603 companies
in the Capital Markets industry
Industry Median: 3.36 vs TSE:8700: 2.34

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.

Maruhachi Securities Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円225.705. 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787.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maruhachi Securities Co  (TSE:8700) 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.


Maruhachi Securities Co Cyclically Adjusted PS Ratio Related Terms


Maruhachi Securities Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Maruhachi 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.

Maruhachi Securities Co Cyclically Adjusted PS Ratio Chart

Maruhachi 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 1.89 1.82 2.18 0.00 2.21

Maruhachi Securities Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 2.04 2.12 2.15 2.21

TSE:8700 vs MS, GS, SCHW: Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, Maruhachi 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.


Maruhachi Securities Co Cyclically Adjusted PS Ratio vs Capital Markets Industry

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

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


TSE:8700
82GF Score
Maruhachi Securities Co Ltd TSE:8700
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maruhachi 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1853.00/787.13
=2.35

* 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.

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

For example, Maruhachi 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)
=225.705/112.7000*112.7000
=225.705

Current CPI (Mar. 2026) = 112.7000.

Maruhachi Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 144.833 97.900 166.728
201606 108.977 98.100 125.196
201609 133.936 98.000 154.026
201612 164.236 98.400 188.104
201703 204.636 98.100 235.092
201706 157.214 98.500 179.878
201709 159.080 98.800 181.461
201712 170.617 99.400 193.446
201803 218.671 99.200 248.430
201806 181.179 99.200 205.835
201809 179.202 99.900 202.163
201812 166.386 99.700 188.081
201903 197.387 99.700 223.125
201906 155.018 99.800 175.055
201909 152.087 100.100 171.231
201912 166.546 100.500 186.764
202003 133.001 100.300 149.444
202006 167.361 99.900 188.805
202009 191.992 99.900 216.592
202012 209.125 99.300 237.345
202103 193.241 99.900 218.001
202106 155.043 99.500 175.612
202109 182.624 100.100 205.612
202112 201.914 100.100 227.330
202203 178.112 101.100 198.548
202206 165.055 101.800 182.728
202209 152.662 103.100 166.877
202212 155.629 104.100 168.486
202303 153.744 104.400 165.967
202306 198.062 105.200 212.182
202309 206.239 106.200 218.862
202312 175.078 106.800 184.750
202403 238.116 107.200 250.333
202406 205.757 108.200 214.314
202409 163.749 108.900 169.463
202503 0.000 111.100 0.000
202506 182.846 111.700 184.483
202509 248.506 112.000 250.059
202512 239.038 113.000 238.403
202603 225.705 112.700 225.705

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 2.35 mean?
Maruhachi Securities Co (TSE:8700) has a Cyclically Adjusted PS Ratio of 2.35 as of Jul. 18, 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 Maruhachi Securities Co and its competitors. This is 31% above median its historical median of 1.79. Over the past decade, Maruhachi Securities Co's Cyclically Adjusted PS Ratio has ranged from 0.90 to 2.39. According to the industry distribution chart, Maruhachi Securities Co ranks #239 out of 603 companies in the Capital Markets industry, placing it in the top 39.6%.
Is Maruhachi Securities Co's Cyclically Adjusted PS Ratio too high?
Maruhachi Securities Co's current Cyclically Adjusted PS Ratio of 2.35 is 31% above median its 10-year median of 1.79. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 2.39. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.36. Maruhachi Securities Co's value of 2.35 is 30.1% below this industry median. Based on the distribution chart, Maruhachi Securities Co ranks #239 out of 603 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Maruhachi Securities Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maruhachi Securities Co's Cyclically Adjusted PS Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Maruhachi Securities Co ranks #239 out of 603 companies for Cyclically Adjusted PS Ratio. This puts Maruhachi Securities Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.36. Maruhachi Securities Co's value of 2.35 is 30.1% below this benchmark. Historically, Maruhachi Securities Co's own Cyclically Adjusted PS Ratio has ranged from 0.90 to 2.39 over the past decade. While the company's 10-year median is 1.79 vs. the industry median of 3.36, Maruhachi Securities Co has consistently been below 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 3.36, based on 603 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. Maruhachi Securities Co's current Cyclically Adjusted PS Ratio of 2.35 is 30.1% below 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 Maruhachi Securities Co and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maruhachi Securities Co's current Cyclically Adjusted PS Ratio is 2.35, which is 31% above median its own 10-year median of 1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruhachi Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Maruhachi Securities Co (TSE:8700) is currently considered Fairly Valued. The stock's GF Value™ is 円1,924.15, compared to a current price of 円1,853.00 — trading 3.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.35, which is 31% above median its 10-year median of 1.79 and 30.1% below the Capital Markets industry median of 3.36. Maruhachi Securities Co's overall GF Score™ is 82/100 with 5 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 Maruhachi Securities Co (TSE:8700), the current Cyclically Adjusted PS Ratio is 2.35 as of Jul. 18, 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 Maruhachi Securities Co (TSE:8700) Overvalued in 2026?

Based on GuruFocus' analysis, Maruhachi Securities Co stock appears to be undervalued. The current stock price of 円1,853.00 is trading 3.7% below its estimated GF Value™ of 円1,924.15. GuruFocus considers Maruhachi Securities Co to be Fairly Valued.

Key valuation signals for TSE:8700:

  • Cyclically Adjusted PS Ratio: 2.35 (31% above median its 10-year median of 1.79)
  • GF Value™: 円1,924.15 vs. price of 円1,853.00 (3.7% below fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 30.1% below the Capital Markets median (#239 of 603)

No single metric tells the full story. See the TSE:8700 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maruhachi Securities Co Business Description

Address 4-4 Shin-Sakae-cho, Naka-ku, Aichi Nagoya, JPN, 460-0004
Maruhachi Securities Co Ltd is engaged in providing investment and financial services. The products of the company include mutual fund, domestic bonds, foreign bonds, and other products.
82GF Score

Get the complete analysis for TSE:8700

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

円1,853.00
Price
円1,924.15
GF Value