Nisso Holdings Co (TSE:9332) Cyclically Adjusted PS Ratio: 0.25 (As of Sep. 04, 2026) — Near Median

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TSE:9332 Nisso Holdings Co Ltd TSE:9332
77 GF Score
Price 円680.00
GF Value 円959.99
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Nisso Holdings Co Cyclically Adjusted PS Ratio?

Nisso Holdings Co TSE:9332 -0.29% 77 Cyclically Adjusted PS Ratio is 0.25 as of Sep. 04, 2026, which is 9% above its 10-year median of 0.23. GuruFocus rates TSE:9332 with a GF Score™ of 77/100 and a GF Value™ of 円959.99 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 719 Business Services companies, Nisso Holdings Co ranks better than 81.92% on this metric.

As of today (2026-09-04), Nisso Holdings Co's current share price is 円680.00. Nisso Holdings Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was 円2,675.61. Nisso Holdings Co's Cyclically Adjusted PS Ratio for today is 0.25.

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

TSE:9332' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.23   Max: 0.26
Current: 0.26

During the past 11 years, Nisso Holdings Co's highest Cyclically Adjusted PS Ratio was 0.26. The lowest was 0.21. And the median was 0.23.

TSE:9332's Cyclically Adjusted PS Ratio is ranked better than
81.92% of 719 companies
in the Business Services industry
Industry Median: 0.89 vs TSE:9332: 0.26

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.

Nisso Holdings Co's adjusted revenue per share data of for the fiscal year that ended in Mar26 was 円3,306.626. 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2,675.61 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nisso Holdings Co  (TSE:9332) 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.


Nisso Holdings Co Cyclically Adjusted PS Ratio Related Terms


Nisso Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nisso 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.

Nisso Holdings Co Cyclically Adjusted PS Ratio Chart

Nisso 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 0.00 0.00 0.00 0.29 0.23

Nisso Holdings Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24 Sep24 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 0.00 0.00 0.00 0.23 0.00

TSE:9332 vs RHI, KFY, TNET: Cyclically Adjusted PS Ratio Comparison

For the Staffing & Employment Services subindustry, Nisso 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.


Nisso Holdings Co Cyclically Adjusted PS Ratio vs Business Services Industry

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

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


TSE:9332
77GF Score
Nisso Holdings Co Ltd TSE:9332
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nisso 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=680.00/2675.61
=0.25

* 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.

Nisso Holdings Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Nisso Holdings Co's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=3306.626/112.7000*112.7000
=3,306.626

Current CPI (Mar26) = 112.7000.

Nisso Holdings Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 2,018.597 98.100 2,319.020
201803 2,211.004 99.200 2,511.897
201903 2,025.984 99.700 2,290.154
202003 2,208.780 100.300 2,481.850
202103 2,009.101 99.900 2,266.523
202203 2,281.658 101.100 2,543.451
202303 2,670.518 104.400 2,882.829
202403 2,870.547 107.200 3,017.823
202503 3,091.440 111.100 3,135.961
202603 3,306.626 112.700 3,306.626

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 0.25 mean?
Nisso Holdings Co (TSE:9332) has a Cyclically Adjusted PS Ratio of 0.25 as of Sep. 04, 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 Nisso Holdings Co and its competitors. This is near median its historical median of 0.23. Over the past decade, Nisso Holdings Co's Cyclically Adjusted PS Ratio has ranged from 0.21 to 0.26. According to the industry distribution chart, Nisso Holdings Co ranks #130 out of 719 companies in the Business Services industry, placing it in the top 18.1%.
Is Nisso Holdings Co's Cyclically Adjusted PS Ratio too high?
Nisso Holdings Co's current Cyclically Adjusted PS Ratio of 0.25 is near median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.26. The Business Services industry median Cyclically Adjusted PS Ratio is 0.89. Nisso Holdings Co's value of 0.25 is 71.9% below this industry median. Based on the distribution chart, Nisso Holdings Co ranks #130 out of 719 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Nisso Holdings Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nisso Holdings Co's Cyclically Adjusted PS Ratio compare to RHI and KFY?
According to the Business Services industry distribution chart, Nisso Holdings Co ranks #130 out of 719 companies for Cyclically Adjusted PS Ratio. This places Nisso Holdings Co in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.89. Nisso Holdings Co's value of 0.25 is 71.9% below this benchmark. Historically, Nisso Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 0.21 to 0.26 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.89, Nisso Holdings 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.89, based on 719 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. Nisso Holdings Co's current Cyclically Adjusted PS Ratio of 0.25 is 71.9% 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 Nisso Holdings Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nisso Holdings Co's current Cyclically Adjusted PS Ratio is 0.25, which is near median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nisso Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nisso Holdings Co (TSE:9332) is currently considered Modestly Undervalued. The stock's GF Value™ is 円959.99, compared to a current price of 円680.00 — trading 29.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.25, which is near median its 10-year median of 0.23 and 71.9% below the Business Services industry median of 0.89. Nisso Holdings Co's overall GF Score™ is 77/100 with 1 warning sign 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 Nisso Holdings Co (TSE:9332), the current Cyclically Adjusted PS Ratio is 0.25 as of Sep. 04, 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 Nisso Holdings Co (TSE:9332) Overvalued in 2026?

Based on GuruFocus' analysis, Nisso Holdings Co stock appears to be undervalued. The current stock price of 円680.00 is trading 29.2% below its estimated GF Value™ of 円959.99. GuruFocus considers Nisso Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:9332:

  • Cyclically Adjusted PS Ratio: 0.25 (near median its 10-year median of 0.23)
  • GF Value™: 円959.99 vs. price of 円680.00 (29.2% below fair value)
  • GF Score™: 77/100 with 1 warning sign
  • Industry Position: 71.9% below the Business Services median (#130 of 719)

No single metric tells the full story. See the TSE:9332 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nisso Holdings Co Business Description

Address 1-4-1 Shin-Yokohama, Kohoku-ku, Yokohama, JPN, 222-0033
Nisso Holdings Co Ltd is engaged in staffing related services. The company provides Manufacturing Contract, Labor management support, Consulting, Training contract, Recruitment, and Temporary staffing/ Referral scheduled dispatch. The company operates in two business segments which are General Human Resources Service Business and Other Businesses.
77GF Score

Get the complete analysis for TSE:9332

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

円680.00
Price
円959.99
GF Value