Asian Star Co (TSE:8946) Cyclically Adjusted PS Ratio: 0.54 (As of Sep. 15, 2026) — 13% Below Median

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TSE:8946 Asian Star Co TSE:8946
57 GF Score
Price 円75.00
GF Value 円152.23
Valuation Possible Value Trap
! 3 Warning Signs
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What is Asian Star Co Cyclically Adjusted PS Ratio?

Asian Star Co TSE:8946 +1.35% 57 Cyclically Adjusted PS Ratio is 0.54 as of Sep. 15, 2026, which is 13% below its 10-year median of 0.62. GuruFocus rates TSE:8946 with a GF Score™ of 57/100 and a GF Value™ of 円152.23 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,366 Real Estate companies, Asian Star Co ranks better than 77.82% on this metric.

As of today (2026-09-15), Asian Star Co's current share price is 円75.00. Asian Star Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was 円138.98. Asian Star Co's Cyclically Adjusted PS Ratio for today is 0.54.

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

TSE:8946' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.62   Max: 1.1
Current: 0.53

During the past years, Asian Star Co's highest Cyclically Adjusted PS Ratio was 1.10. The lowest was 0.19. And the median was 0.62.

TSE:8946's Cyclically Adjusted PS Ratio is ranked better than
77.82% of 1366 companies
in the Real Estate industry
Industry Median: 1.78 vs TSE:8946: 0.53

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.

Asian Star Co's adjusted revenue per share data for the three months ended in Jun. 2026 was 円46.385. 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138.98 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asian Star Co  (TSE:8946) 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.


Asian Star Co Cyclically Adjusted PS Ratio Related Terms


Asian Star Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Asian Star 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.

Asian Star Co Cyclically Adjusted PS Ratio Chart

Asian Star Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 0.64 0.66 0.00 0.57

Asian Star Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.80 0.78 0.57 0.64 0.54

TSE:8946 vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Asian Star 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.


Asian Star Co Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


TSE:8946
57GF Score
Asian Star Co TSE:8946
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asian Star 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.

Asian Star Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=75.00/138.98
=0.54

* 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.

Asian Star Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Asian Star Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=46.385/113.6000*113.6000
=46.385

Current CPI (Jun. 2026) = 113.6000.

Asian Star Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 20.818 98.100 24.107
201609 21.321 98.000 24.715
201612 20.150 98.400 23.263
201703 25.790 98.100 29.865
201706 27.729 98.500 31.980
201709 21.116 98.800 24.279
201712 21.942 99.400 25.077
201803 91.040 99.200 104.255
201806 32.434 99.200 37.142
201809 19.051 99.900 21.664
201812 32.090 99.700 36.564
201903 32.072 99.700 36.543
201906 35.597 99.800 40.519
201909 25.846 100.100 29.332
201912 19.680 100.500 22.245
202003 32.530 100.300 36.844
202006 26.322 99.900 29.932
202009 20.598 99.900 23.423
202012 27.448 99.300 31.401
202103 30.580 99.900 34.774
202106 54.617 99.500 62.357
202109 25.199 100.100 28.597
202112 21.895 100.100 24.848
202203 21.011 101.100 23.609
202206 32.296 101.800 36.040
202209 43.822 103.100 48.285
202212 32.393 104.100 35.349
202303 24.304 104.400 26.446
202306 20.834 105.200 22.498
202309 23.949 106.200 25.618
202312 29.047 106.800 30.896
202403 13.787 107.200 14.610
202406 38.642 108.200 40.571
202412 0.000 110.700 0.000
202503 26.522 111.100 27.119
202506 35.608 111.700 36.214
202509 53.507 112.000 54.271
202512 75.752 113.000 76.154
202603 27.022 112.700 27.238
202606 46.385 113.600 46.385

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 0.54 mean?
Asian Star Co (TSE:8946) has a Cyclically Adjusted PS Ratio of 0.54 as of Sep. 15, 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 Asian Star Co and its competitors. This is 13% below median its historical median of 0.62. Over the past decade, Asian Star Co's Cyclically Adjusted PS Ratio has ranged from 0.19 to 1.10. According to the industry distribution chart, Asian Star Co ranks #303 out of 1366 companies in the Real Estate industry, placing it in the top 22.2%.
Is Asian Star Co's Cyclically Adjusted PS Ratio too high?
Asian Star Co's current Cyclically Adjusted PS Ratio of 0.54 is 13% below median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 1.10. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. Asian Star Co's value of 0.54 is 69.7% below this industry median. Based on the distribution chart, Asian Star Co ranks #303 out of 1366 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Asian Star Co has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asian Star Co's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Asian Star Co ranks #303 out of 1366 companies for Cyclically Adjusted PS Ratio. This places Asian Star Co in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.78. Asian Star Co's value of 0.54 is 69.7% below this benchmark. Historically, Asian Star Co's own Cyclically Adjusted PS Ratio has ranged from 0.19 to 1.10 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 1.78, Asian Star 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.78, based on 1,366 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. Asian Star Co's current Cyclically Adjusted PS Ratio of 0.54 is 69.7% 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 Asian Star Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Star Co's current Cyclically Adjusted PS Ratio is 0.54, which is 13% below median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asian Star Co stock overvalued right now?
Based on GuruFocus' analysis, Asian Star Co (TSE:8946) is currently considered Possible Value Trap. The stock's GF Value™ is 円152.23, compared to a current price of 円75.00 — trading 50.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.54, which is 13% below median its 10-year median of 0.62 and 69.7% below the Real Estate industry median of 1.78. Asian Star Co's overall GF Score™ is 57/100 with 3 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 Asian Star Co (TSE:8946), the current Cyclically Adjusted PS Ratio is 0.54 as of Sep. 15, 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 Asian Star Co (TSE:8946) Overvalued in 2026?

Based on GuruFocus' analysis, Asian Star Co stock appears to be undervalued. The current stock price of 円75.00 is trading 50.7% below its estimated GF Value™ of 円152.23. GuruFocus considers Asian Star Co to be Possible Value Trap.

Key valuation signals for TSE:8946:

  • Cyclically Adjusted PS Ratio: 0.54 (13% below median its 10-year median of 0.62)
  • GF Value™: 円152.23 vs. price of 円75.00 (50.7% below fair value)
  • GF Score™: 57/100 with 3 warning signs
  • Industry Position: 69.7% below the Real Estate median (#303 of 1366)

No single metric tells the full story. See the TSE:8946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asian Star Co Business Description

Address Yokohama Takashima chome No. 6 No. 32, Yokohama east exit Whistling port building 8F, Nishi-ku, Yokohama, JPN, 220-0011
Asian Star Co is engaged in offering real estate services. The business of the company includes, real estate leasing management, real estate rental brokerage, leasing, real estate ownership, and casualty insurance agency business.
57GF Score

Get the complete analysis for TSE:8946

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

円75.00
Price
円152.23
GF Value