Keihan Holdings Co (TSE:9045) Cyclically Adjusted PS Ratio: 1.06 (As of Jul. 31, 2026) — 17% Below Median

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TSE:9045 Keihan Holdings Co Ltd TSE:9045
79 GF Score
Price 円3,264.00
GF Value 円3,724.42
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Keihan Holdings Co Cyclically Adjusted PS Ratio?

Keihan Holdings Co TSE:9045 -2.83% 79 Cyclically Adjusted PS Ratio is 1.06 as of Jul. 31, 2026, which is 17% below its 10-year median of 1.28. GuruFocus rates TSE:9045 with a GF Score™ of 79/100 and a GF Value™ of 円3,724.42 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 471 Conglomerates companies, Keihan Holdings Co ranks worse than 57.75% on this metric.

As of today (2026-07-31), Keihan Holdings Co's current share price is 円3264.00. Keihan Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円3,073.49. Keihan Holdings Co's Cyclically Adjusted PS Ratio for today is 1.06.

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

TSE:9045' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.28   Max: 1.98
Current: 1.04

During the past years, Keihan Holdings Co's highest Cyclically Adjusted PS Ratio was 1.98. The lowest was 0.93. And the median was 1.28.

TSE:9045's Cyclically Adjusted PS Ratio is ranked worse than
57.75% of 471 companies
in the Conglomerates industry
Industry Median: 0.77 vs TSE:9045: 1.04

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.

Keihan Holdings Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円1,057.507. 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3,073.49 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keihan Holdings Co  (TSE:9045) 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.


Keihan Holdings Co Cyclically Adjusted PS Ratio Related Terms


Keihan Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Keihan Holdings 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.

Keihan Holdings Co Cyclically Adjusted PS Ratio Chart

Keihan Holdings 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 1.09 1.22 1.17 1.08 1.05

Keihan Holdings 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 1.08 1.01 1.11 1.10 1.05

TSE:9045 vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Keihan Holdings 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.


Keihan Holdings Co Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Keihan Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9045
79GF Score
Keihan Holdings Co Ltd TSE:9045
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keihan Holdings 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.

Keihan Holdings Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3264.00/3073.49
=1.06

* 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.

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

For example, Keihan Holdings 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)
=1057.507/112.7000*112.7000
=1,057.507

Current CPI (Mar. 2026) = 112.7000.

Keihan Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 699.713 98.100 803.850
201609 608.700 98.000 700.005
201612 663.564 98.400 759.997
201703 845.184 98.100 970.971
201706 615.146 98.500 703.827
201709 725.790 98.800 827.900
201712 739.078 99.400 837.969
201803 926.061 99.200 1,052.087
201806 733.968 99.200 833.853
201809 691.749 99.900 780.382
201812 688.629 99.700 778.420
201903 927.960 99.700 1,048.958
201906 749.342 99.800 846.201
201909 791.654 100.100 891.303
201912 762.206 100.500 854.732
202003 654.586 100.300 735.512
202006 411.774 99.900 464.534
202009 597.989 99.900 674.608
202012 696.695 99.300 790.710
202103 657.862 99.900 742.153
202106 548.137 99.500 620.855
202109 557.593 100.100 627.780
202112 564.088 100.100 635.092
202203 737.426 101.100 822.037
202206 597.329 101.800 661.287
202209 551.122 103.100 602.439
202212 542.542 104.100 587.363
202303 734.539 104.400 792.936
202306 610.136 105.200 653.634
202309 638.137 106.200 677.194
202312 668.180 106.800 705.093
202403 900.807 107.200 947.024
202406 734.852 108.200 765.414
202409 721.877 108.900 747.066
202412 710.335 110.700 723.169
202503 754.964 111.100 765.837
202506 721.417 111.700 727.876
202509 708.767 112.000 713.197
202512 806.278 113.000 804.137
202603 1,057.507 112.700 1,057.507

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 1.06 mean?
Keihan Holdings Co (TSE:9045) has a Cyclically Adjusted PS Ratio of 1.06 as of Jul. 31, 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 Keihan Holdings Co and its competitors. This is 17% below median its historical median of 1.28. Over the past decade, Keihan Holdings Co's Cyclically Adjusted PS Ratio has ranged from 0.93 to 1.98. According to the industry distribution chart, Keihan Holdings Co ranks #272 out of 471 companies in the Conglomerates industry, placing it in the top 57.7%.
Is Keihan Holdings Co's Cyclically Adjusted PS Ratio too high?
Keihan Holdings Co's current Cyclically Adjusted PS Ratio of 1.06 is 17% below median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 1.98. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.77. Keihan Holdings Co's value of 1.06 is 37.7% above this industry median. Based on the distribution chart, Keihan Holdings Co ranks #272 out of 471 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Keihan Holdings Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Keihan Holdings Co's Cyclically Adjusted PS Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Keihan Holdings Co ranks #272 out of 471 companies for Cyclically Adjusted PS Ratio. This places Keihan Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. Keihan Holdings Co's value of 1.06 is 37.7% above this benchmark. Historically, Keihan Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 0.93 to 1.98 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 0.77, Keihan Holdings 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.77, based on 471 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. Keihan Holdings Co's current Cyclically Adjusted PS Ratio of 1.06 is 37.7% 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 Keihan Holdings Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keihan Holdings Co's current Cyclically Adjusted PS Ratio is 1.06, which is 17% below median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keihan Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Keihan Holdings Co (TSE:9045) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,724.42, compared to a current price of 円3,264.00 — trading 12.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.06, which is 17% below median its 10-year median of 1.28 and 37.7% above the Conglomerates industry median of 0.77. Keihan Holdings Co's overall GF Score™ is 79/100 with 2 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 Keihan Holdings Co (TSE:9045), the current Cyclically Adjusted PS Ratio is 1.06 as of Jul. 31, 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 Keihan Holdings Co (TSE:9045) Overvalued in 2026?

Based on GuruFocus' analysis, Keihan Holdings Co stock appears to be undervalued. The current stock price of 円3,264.00 is trading 12.4% below its estimated GF Value™ of 円3,724.42. GuruFocus considers Keihan Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:9045:

  • Cyclically Adjusted PS Ratio: 1.06 (17% below median its 10-year median of 1.28)
  • GF Value™: 円3,724.42 vs. price of 円3,264.00 (12.4% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 37.7% above the Conglomerates median (#272 of 471)

No single metric tells the full story. See the TSE:9045 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keihan Holdings Co Business Description

Address 1-7-31 Otemae, Chuo-ku, Osaka, JPN, 540-6591
Keihan Holdings Co Ltd is a Japanese conglomerate engaged in transportation, real estate, distribution, leisure, and other related businesses. The company operates through four segments. The Distribution segment manages department stores, shops, and malls. The Leisure and Service Industry segment covers hotels and sightseeing boats. The Real Estate segment handles sales, leasing, building materials, and design, and the Transportation segment operates railways and buses. Other Businesses include the operation of GOOD NATURE STATION, a commercial complex focused on sustainable experiences. It generates the majority of its revenue from the Real estate business segment.
79GF Score

Get the complete analysis for TSE:9045

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

円3,264.00
Price
円3,724.42
GF Value