Beat Holdings (TSE:9399) Cyclically Adjusted PS Ratio: (As of Jul. 31, 2026)

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:9399 Beat Holdings Ltd TSE:9399
31 GF Score
Price 円13.00
GF Value 円1.99
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Beat Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Beat Holdings  (TSE:9399) 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.


Beat Holdings Cyclically Adjusted PS Ratio Related Terms


Beat Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Beat Holdings'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.

Beat Holdings Cyclically Adjusted PS Ratio Chart

Beat Holdings 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 0.18 0.18 0.12 0.00 0.00

Beat Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.22 0.24 0.00 0.00 0.00

TSE:9399 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Beat Holdings'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.


Beat Holdings Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Beat Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9399
31GF Score
Beat Holdings Ltd TSE:9399
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beat Holdings 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.

Beat Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Beat Holdings's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0/120.7036*120.7036
=0.000

Current CPI (Dec. 2025) = 120.7036.

Beat Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 385.390 102.015 455.990
201603 285.535 102.785 335.313
201606 275.261 101.686 326.742
201609 274.945 102.565 323.569
201612 120.660 103.225 141.091
201703 87.413 103.335 102.106
201706 231.270 103.664 269.284
201709 187.817 103.994 217.995
201712 223.209 104.984 256.632
201803 171.954 105.973 195.856
201806 73.921 106.193 84.022
201809 134.155 106.852 151.546
201812 161.383 107.622 181.000
201903 65.642 108.172 73.247
201906 79.232 109.601 87.259
201909 118.230 110.260 129.428
201912 168.691 110.700 183.935
202003 65.223 110.920 70.976
202006 57.982 110.590 63.285
202009 37.438 107.512 42.032
202012 22.832 109.711 25.120
202103 27.200 111.579 29.424
202106 29.227 111.360 31.679
202109 22.427 109.051 24.823
202112 10.066 112.349 10.815
202203 12.219 113.558 12.988
202206 12.715 113.448 13.528
202209 15.852 113.778 16.817
202212 12.701 114.548 13.384
202303 15.192 115.427 15.886
202306 8.797 115.647 9.182
202309 5.022 116.087 5.222
202312 4.240 117.296 4.363
202403 3.326 117.735 3.410
202406 2.638 117.296 2.715
202412 0.000 118.945 0.000
202503 0.192 119.384 0.194
202506 0.192 119.055 0.195
202509 0.000 119.934 0.000
202512 0.000 120.704 0.000

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.

Is Beat Holdings (TSE:9399) Overvalued in 2026?

Based on GuruFocus' analysis, Beat Holdings stock appears to be overvalued. The current stock price of 円13.00 is trading 553.3% above its estimated GF Value™ of 円1.99. GuruFocus considers Beat Holdings to be Significantly Overvalued.

Key valuation signals for TSE:9399:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円1.99 vs. price of 円13.00 (553.3% above fair value)
  • GF Score™: 31/100 with 5 warning signs

No single metric tells the full story. See the TSE:9399 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Beat Holdings Business Description

Address 199 Des Voeux Road Central, Suite 2103, Infinitus Plaza, Hong Kong, HKG, 200020
Beat Holdings Ltd is mainly engaged in the business of providing application-to-person (A2P) messaging service and software products and services. Its reportable segments are: the Messaging Business, which provides cloud-based A2P messaging services and software products and services; the Licensing Business, which provides licensing services for intellectual property rights and other rights related to application software owned by the group; and other businesses. The majority of its revenue is generated from the Messaging business. Geographically, the group generates maximum revenue from Asia, and the rest from Europe and other regions.
31GF Score

Get the complete analysis for TSE:9399

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

円13.00
Price
円1.99
GF Value