ES-CON JAPAN (TSE:8892) Cyclically Adjusted PS Ratio: 1.02 (As of Aug. 06, 2026) — 17% Below 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:8892 ES-CON JAPAN Ltd TSE:8892
69 GF Score
Price 円1,075.00
GF Value 円1,336.64
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is ES-CON JAPAN Cyclically Adjusted PS Ratio?

ES-CON JAPAN TSE:8892 +0.28% 69 Cyclically Adjusted PS Ratio is 1.02 as of Aug. 06, 2026, which is 17% below its 10-year median of 1.23. GuruFocus rates TSE:8892 with a GF Score™ of 69/100 and a GF Value™ of 円1,336.64 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,360 Real Estate companies, ES-CON JAPAN ranks better than 65% on this metric.

As of today (2026-08-06), ES-CON JAPAN's current share price is 円1075.00. ES-CON JAPAN's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,058.85. ES-CON JAPAN's Cyclically Adjusted PS Ratio for today is 1.02.

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

TSE:8892' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1   Med: 1.23   Max: 2.22
Current: 1.02

During the past years, ES-CON JAPAN's highest Cyclically Adjusted PS Ratio was 2.22. The lowest was 1.00. And the median was 1.23.

TSE:8892's Cyclically Adjusted PS Ratio is ranked better than
65% of 1360 companies
in the Real Estate industry
Industry Median: 1.82 vs TSE:8892: 1.02

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.

ES-CON JAPAN's adjusted revenue per share data for the three months ended in Mar. 2026 was 円773.329. 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1,058.85 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ES-CON JAPAN  (TSE:8892) 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.


ES-CON JAPAN Cyclically Adjusted PS Ratio Related Terms


ES-CON JAPAN Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ES-CON JAPAN'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.

ES-CON JAPAN Cyclically Adjusted PS Ratio Chart

ES-CON JAPAN Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 1.08 1.13 1.07 1.02

ES-CON JAPAN Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 1.03 1.06 1.18 1.02 0.00

ES-CON JAPAN Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, ES-CON JAPAN'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.


ES-CON JAPAN Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, ES-CON JAPAN's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ES-CON JAPAN's Cyclically Adjusted PS Ratio falls into.


TSE:8892
69GF Score
ES-CON JAPAN Ltd TSE:8892
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ES-CON JAPAN 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.

ES-CON JAPAN's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1075.00/1058.85
=1.02

* 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.

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

For example, ES-CON JAPAN'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)
=773.329/112.7000*112.7000
=773.329

Current CPI (Mar. 2026) = 112.7000.

ES-CON JAPAN Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 100.932 97.900 116.190
201606 85.874 98.100 98.654
201609 69.361 98.000 79.765
201612 235.447 98.400 269.663
201703 145.625 98.100 167.298
201706 26.198 98.500 29.975
201709 112.681 98.800 128.534
201712 368.188 99.400 417.453
201803 270.436 99.200 307.239
201806 90.392 99.200 102.693
201809 166.331 99.900 187.643
201812 266.797 99.700 301.585
201903 284.237 99.700 321.299
201906 156.642 99.800 176.889
201909 228.843 100.100 257.648
201912 381.899 100.500 428.259
202003 615.605 100.300 691.712
202006 186.374 99.900 210.254
202009 145.510 99.900 164.154
202012 177.600 99.300 201.566
202103 181.061 99.900 204.260
202106 132.855 99.500 150.480
202109 194.971 100.100 219.513
202112 370.308 100.100 416.920
202203 133.008 101.100 148.269
202206 294.155 101.800 325.651
202209 101.700 103.100 111.170
202212 512.044 104.100 554.345
202303 299.178 104.400 322.963
202306 203.150 105.200 217.633
202309 146.927 106.200 155.920
202312 431.805 106.800 455.659
202406 199.684 108.200 207.989
202409 124.766 108.900 129.120
202412 516.441 110.700 525.771
202503 347.114 111.100 352.113
202506 183.543 111.700 185.186
202509 183.768 112.000 184.917
202512 289.578 113.000 288.809
202603 773.329 112.700 773.329

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 1.02 mean?
ES-CON JAPAN (TSE:8892) has a Cyclically Adjusted PS Ratio of 1.02 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 ES-CON JAPAN and its competitors. This is 17% below median its historical median of 1.23. Over the past decade, ES-CON JAPAN's Cyclically Adjusted PS Ratio has ranged from 1.00 to 2.22. According to the industry distribution chart, ES-CON JAPAN ranks #476 out of 1360 companies in the Real Estate industry, placing it in the top 35%.
Is ES-CON JAPAN's Cyclically Adjusted PS Ratio too high?
ES-CON JAPAN's current Cyclically Adjusted PS Ratio of 1.02 is 17% below median its 10-year median of 1.23. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 2.22. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.82. ES-CON JAPAN's value of 1.02 is 44% below this industry median. Based on the distribution chart, ES-CON JAPAN ranks #476 out of 1360 companies in the Real Estate industry, which is above the industry midpoint. Overall, ES-CON JAPAN has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ES-CON JAPAN's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, ES-CON JAPAN ranks #476 out of 1360 companies for Cyclically Adjusted PS Ratio. This puts ES-CON JAPAN in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.82. ES-CON JAPAN's value of 1.02 is 44% below this benchmark. Historically, ES-CON JAPAN's own Cyclically Adjusted PS Ratio has ranged from 1.00 to 2.22 over the past decade. While the company's 10-year median is 1.23 vs. the industry median of 1.82, ES-CON JAPAN 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.82, based on 1,360 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. ES-CON JAPAN's current Cyclically Adjusted PS Ratio of 1.02 is 44% 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 ES-CON JAPAN and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ES-CON JAPAN's current Cyclically Adjusted PS Ratio is 1.02, which is 17% below median its own 10-year median of 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ES-CON JAPAN stock overvalued right now?
Based on GuruFocus' analysis, ES-CON JAPAN (TSE:8892) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,336.64, compared to a current price of 円1,075.00 — trading 19.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.02, which is 17% below median its 10-year median of 1.23 and 44% below the Real Estate industry median of 1.82. ES-CON JAPAN's overall GF Score™ is 69/100 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 ES-CON JAPAN (TSE:8892), the current Cyclically Adjusted PS Ratio is 1.02 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 ES-CON JAPAN (TSE:8892) Overvalued in 2026?

Based on GuruFocus' analysis, ES-CON JAPAN stock appears to be undervalued. The current stock price of 円1,075.00 is trading 19.6% below its estimated GF Value™ of 円1,336.64. GuruFocus considers ES-CON JAPAN to be Modestly Undervalued.

Key valuation signals for TSE:8892:

  • Cyclically Adjusted PS Ratio: 1.02 (17% below median its 10-year median of 1.23)
  • GF Value™: 円1,336.64 vs. price of 円1,075.00 (19.6% below fair value)
  • GF Score™: 69/100 with 4 warning signs
  • Industry Position: 44% below the Real Estate median (#476 of 1360)

No single metric tells the full story. See the TSE:8892 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ES-CON JAPAN Business Description

Address 2-10-4 Toranomon, The Okura Prestige Tower 20th Floor, Minato-ku, Tokyo, JPN, 105-0001
ES-CON JAPAN Ltd is engaged in real estate development business. The company engages in New Urban Development, Residence, Commercial Facilities, Logistics Facilities, Hotels, Offices, Land Readjustment, Overseas, Social Development.
69GF Score

Get the complete analysis for TSE:8892

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

円1,075.00
Price
円1,336.64
GF Value