NIPPON CONCEPT (TSE:9386) Cyclically Adjusted PS Ratio: 2.63 (As of Sep. 10, 2026) — 52% Above Median

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TSE:9386 NIPPON CONCEPT Corp TSE:9386
68 GF Score
Price 円3,045.00
GF Value 円1,801.56
! 5 Warning Signs
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What is NIPPON CONCEPT Cyclically Adjusted PS Ratio?

NIPPON CONCEPT TSE:9386 68 Cyclically Adjusted PS Ratio is 2.63 as of Sep. 10, 2026, which is 52% above its 10-year median of 1.73. GuruFocus rates TSE:9386 with a GF Score™ of 68/100 and a GF Value™ of 円1,801.56. The stock has 5 warning signs investors should review.

As of today (2026-09-10), NIPPON CONCEPT's current share price is 円3045.00. NIPPON CONCEPT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec24 was 円1,155.61. NIPPON CONCEPT's Cyclically Adjusted PS Ratio for today is 2.63.

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

TSE:9386' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.3   Med: 1.73   Max: 2.95
Current: 2.63

During the past 13 years, NIPPON CONCEPT's highest Cyclically Adjusted PS Ratio was 2.95. The lowest was 1.30. And the median was 1.73.

TSE:9386's Cyclically Adjusted PS Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.08 vs TSE:9386: 2.63

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.

NIPPON CONCEPT's adjusted revenue per share data of for the fiscal year that ended in Dec24 was 円1,314.499. 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1,155.61 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


NIPPON CONCEPT  (TSE:9386) 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.


NIPPON CONCEPT Cyclically Adjusted PS Ratio Related Terms


NIPPON CONCEPT Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NIPPON CONCEPT'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.

NIPPON CONCEPT Cyclically Adjusted PS Ratio Chart

NIPPON CONCEPT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.12 1.94 1.46 1.52 1.59

NIPPON CONCEPT Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 1.69 1.52 1.59 1.59 0.00

TSE:9386 vs WMB, EPD, KMI: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Midstream subindustry, NIPPON CONCEPT'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.


NIPPON CONCEPT Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NIPPON CONCEPT's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where NIPPON CONCEPT's Cyclically Adjusted PS Ratio falls into.


TSE:9386
68GF Score
NIPPON CONCEPT Corp TSE:9386
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NIPPON CONCEPT 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.

NIPPON CONCEPT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3045.00/1155.61
=2.63

* 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.

NIPPON CONCEPT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec24 is calculated as:

For example, NIPPON CONCEPT's adjusted Revenue per Share data for the fiscal year that ended in Dec24 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=1314.499/110.7000*110.7000
=1,314.499

Current CPI (Dec24) = 110.7000.

NIPPON CONCEPT Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201512 839.934 98.100 947.815
201612 801.302 98.400 901.465
201712 893.742 99.400 995.344
201812 885.249 99.700 982.919
201912 916.133 100.500 1,009.114
202012 885.315 99.300 986.952
202112 1,225.882 100.100 1,355.696
202212 1,664.343 104.100 1,769.863
202312 1,246.925 106.800 1,292.459
202412 1,314.499 110.700 1,314.499

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 2.63 mean?
NIPPON CONCEPT (TSE:9386) has a Cyclically Adjusted PS Ratio of 2.63 as of Sep. 10, 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 NIPPON CONCEPT and its competitors. This is 52% above median its historical median of 1.73. Over the past decade, NIPPON CONCEPT's Cyclically Adjusted PS Ratio has ranged from 1.30 to 2.95.
Is NIPPON CONCEPT's Cyclically Adjusted PS Ratio too high?
NIPPON CONCEPT's current Cyclically Adjusted PS Ratio of 2.63 is 52% above median its 10-year median of 1.73. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 2.95. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.08. NIPPON CONCEPT's value of 2.63 is 143.5% above this industry median. Overall, NIPPON CONCEPT has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does NIPPON CONCEPT's Cyclically Adjusted PS Ratio compare to WMB and EPD?
NIPPON CONCEPT's Cyclically Adjusted PS Ratio of 2.63 can be compared against companies in the Oil & Gas industry. The industry median Cyclically Adjusted PS Ratio is 1.08. NIPPON CONCEPT's value of 2.63 is 143.5% above this benchmark. Historically, NIPPON CONCEPT's own Cyclically Adjusted PS Ratio has ranged from 1.30 to 2.95 over the past decade. While the company's 10-year median is 1.73 vs. the industry median of 1.08, NIPPON CONCEPT 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.08, based on 703 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. NIPPON CONCEPT's current Cyclically Adjusted PS Ratio of 2.63 is 143.5% 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 NIPPON CONCEPT and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIPPON CONCEPT's current Cyclically Adjusted PS Ratio is 2.63, which is 52% above median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIPPON CONCEPT stock overvalued right now?
NIPPON CONCEPT (TSE:9386) has a current Cyclically Adjusted PS Ratio of 2.63. The stock's GF Value™ is 円1,801.56, compared to a current price of 円3,045.00 — trading 69% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.63, which is 52% above median its 10-year median of 1.73 and 143.5% above the Oil & Gas industry median of 1.08. NIPPON CONCEPT's overall GF Score™ is 68/100 with 5 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 NIPPON CONCEPT (TSE:9386), the current Cyclically Adjusted PS Ratio is 2.63 as of Sep. 10, 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 NIPPON CONCEPT (TSE:9386) Overvalued in 2026?

Based on GuruFocus' analysis, NIPPON CONCEPT stock appears to be overvalued. The current stock price of 円3,045.00 is trading 69% above its estimated GF Value™ of 円1,801.56.

Key valuation signals for TSE:9386:

  • Cyclically Adjusted PS Ratio: 2.63 (52% above median its 10-year median of 1.73)
  • GF Value™: 円1,801.56 vs. price of 円3,045.00 (69% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 143.5% above the Oil & Gas median

No single metric tells the full story. See the TSE:9386 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NIPPON CONCEPT Business Description

Industry EnergyOil & Gas
Address 2-2-2 Uchisaiwaicho, 8th Floor, Fukoku Seimei Building, Chiyoda-ku, Tokyo, JPN, 100-0011
NIPPON CONCEPT Corp is engaged in the business of transportation of chemicals and various gases. The company is also involved in the storage of liquid cargo, recovery and destruction of freon gas, cleaning and maintenance of chemical tank containers, and storage and inspection of gas tank containers.
68GF Score

Get the complete analysis for TSE:9386

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

円3,045.00
Price
円1,801.56
GF Value