Heiwa Real Estate Co (TSE:8803) Cyclically Adjusted PS Ratio: 3.69 (As of Aug. 30, 2026) — 10% Above Median

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TSE:8803 Heiwa Real Estate Co Ltd TSE:8803
74 GF Score
Price 円2,387.00
GF Value 円2,867.78
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Heiwa Real Estate Co Cyclically Adjusted PS Ratio?

Heiwa Real Estate Co TSE:8803 -0.91% 74 Cyclically Adjusted PS Ratio is 3.69 as of Aug. 30, 2026, which is 10% above its 10-year median of 3.34. GuruFocus rates TSE:8803 with a GF Score™ of 74/100 and a GF Value™ of 円2,867.78 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,364 Real Estate companies, Heiwa Real Estate Co ranks worse than 68.62% on this metric.

As of today (2026-08-30), Heiwa Real Estate Co's current share price is 円2387.00. Heiwa Real Estate Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円646.80. Heiwa Real Estate Co's Cyclically Adjusted PS Ratio for today is 3.69.

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

TSE:8803' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.25   Med: 3.34   Max: 4.38
Current: 3.69

During the past years, Heiwa Real Estate Co's highest Cyclically Adjusted PS Ratio was 4.38. The lowest was 1.25. And the median was 3.34.

TSE:8803's Cyclically Adjusted PS Ratio is ranked worse than
68.62% of 1364 companies
in the Real Estate industry
Industry Median: 1.77 vs TSE:8803: 3.69

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.

Heiwa Real Estate Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円271.476. 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646.80 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heiwa Real Estate Co  (TSE:8803) 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.


Heiwa Real Estate Co Cyclically Adjusted PS Ratio Related Terms


Heiwa Real Estate Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Heiwa Real Estate 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.

Heiwa Real Estate Co Cyclically Adjusted PS Ratio Chart

Heiwa Real Estate 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 3.74 3.36 3.51 3.82 3.73

Heiwa Real Estate 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 3.50 3.76 3.53 3.73 0.00

Heiwa Real Estate Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Heiwa Real Estate 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.


Heiwa Real Estate Co Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Heiwa Real Estate Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Heiwa Real Estate Co's Cyclically Adjusted PS Ratio falls into.


TSE:8803
74GF Score
Heiwa Real Estate Co Ltd TSE:8803
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heiwa Real Estate 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.

Heiwa Real Estate Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2387.00/646.80
=3.69

* 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.

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

For example, Heiwa Real Estate 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)
=271.476/112.7000*112.7000
=271.476

Current CPI (Mar. 2026) = 112.7000.

Heiwa Real Estate Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 75.828 98.100 87.113
201609 117.500 98.000 135.125
201612 92.897 98.400 106.397
201703 237.027 98.100 272.303
201706 83.269 98.500 95.273
201709 118.538 98.800 135.215
201712 125.577 99.400 142.380
201803 82.487 99.200 93.713
201806 158.346 99.200 179.895
201809 181.651 99.900 204.926
201812 79.634 99.700 90.018
201903 87.159 99.700 98.524
201906 150.412 99.800 169.854
201909 252.049 100.100 283.775
201912 87.567 100.500 98.197
202003 120.616 100.300 135.528
202006 84.435 99.900 95.253
202009 200.245 99.900 225.902
202012 87.231 99.300 99.002
202103 95.097 99.900 107.282
202106 456.052 99.500 516.553
202109 101.010 100.100 113.725
202112 97.023 100.100 109.236
202203 129.110 101.100 143.924
202206 239.436 101.800 265.073
202209 105.235 103.100 115.034
202212 99.812 104.100 108.058
202303 173.089 104.400 186.850
202306 209.965 105.200 224.934
202309 183.018 106.200 194.220
202312 105.113 106.800 110.920
202403 121.795 107.200 128.044
202406 151.178 108.200 157.465
202409 119.657 108.900 123.832
202412 120.661 110.700 122.841
202503 223.860 111.100 227.084
202506 196.614 111.700 198.374
202509 130.212 112.000 131.026
202512 164.139 113.000 163.703
202603 271.476 112.700 271.476

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 3.69 mean?
Heiwa Real Estate Co (TSE:8803) has a Cyclically Adjusted PS Ratio of 3.69 as of Aug. 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 Heiwa Real Estate Co and its competitors. This is 10% above median its historical median of 3.34. Over the past decade, Heiwa Real Estate Co's Cyclically Adjusted PS Ratio has ranged from 1.25 to 4.38. According to the industry distribution chart, Heiwa Real Estate Co ranks #936 out of 1364 companies in the Real Estate industry, placing it in the top 68.6%.
Is Heiwa Real Estate Co's Cyclically Adjusted PS Ratio too high?
Heiwa Real Estate Co's current Cyclically Adjusted PS Ratio of 3.69 is 10% above median its 10-year median of 3.34. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 4.38. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.77. Heiwa Real Estate Co's value of 3.69 is 108.5% above this industry median. Based on the distribution chart, Heiwa Real Estate Co ranks #936 out of 1364 companies in the Real Estate industry, which is below the industry midpoint. Overall, Heiwa Real Estate Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Real Estate Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Heiwa Real Estate Co ranks #936 out of 1364 companies for Cyclically Adjusted PS Ratio. This places Heiwa Real Estate Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.77. Heiwa Real Estate Co's value of 3.69 is 108.5% above this benchmark. Historically, Heiwa Real Estate Co's own Cyclically Adjusted PS Ratio has ranged from 1.25 to 4.38 over the past decade. While the company's 10-year median is 3.34 vs. the industry median of 1.77, Heiwa Real Estate 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.77, based on 1,364 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. Heiwa Real Estate Co's current Cyclically Adjusted PS Ratio of 3.69 is 108.5% 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 Heiwa Real Estate Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Real Estate Co's current Cyclically Adjusted PS Ratio is 3.69, which is 10% above median its own 10-year median of 3.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Real Estate Co stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Real Estate Co (TSE:8803) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,867.78, compared to a current price of 円2,387.00 — trading 16.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.69, which is 10% above median its 10-year median of 3.34 and 108.5% above the Real Estate industry median of 1.77. Heiwa Real Estate Co's overall GF Score™ is 74/100 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 Heiwa Real Estate Co (TSE:8803), the current Cyclically Adjusted PS Ratio is 3.69 as of Aug. 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 Heiwa Real Estate Co (TSE:8803) Overvalued in 2026?

Based on GuruFocus' analysis, Heiwa Real Estate Co stock appears to be undervalued. The current stock price of 円2,387.00 is trading 16.8% below its estimated GF Value™ of 円2,867.78. GuruFocus considers Heiwa Real Estate Co to be Modestly Undervalued.

Key valuation signals for TSE:8803:

  • Cyclically Adjusted PS Ratio: 3.69 (10% above median its 10-year median of 3.34)
  • GF Value™: 円2,867.78 vs. price of 円2,387.00 (16.8% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 108.5% above the Real Estate median (#936 of 1364)

No single metric tells the full story. See the TSE:8803 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heiwa Real Estate Co Business Description

Address 1-10, Nihonbashi Kabuto-cho, Chuo-ku, Tokyo, JPN, 103-8222
Heiwa Real Estate Co Ltd is primarily engaged in the leasing and development of real estate properties. The company's operates three reporting segments. The leasing business consists of ownership, leasing, management, and operation of stock exchanges, offices, commercial facilities, housing, conference venues, restaurants, and others. The real estate solutions segment consists of the development, operation and management of income property; the development and sale of houses; and the brokerage of real estate. The other businesses segment manages and renovates buildings and also operates an insurance agency and a private nursing-home business.
74GF Score

Get the complete analysis for TSE:8803

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

円2,387.00
Price
円2,867.78
GF Value