Forval RealStraight (TSE:9423) Cyclically Adjusted PS Ratio: 1.02 (As of Aug. 07, 2026) — 44% Below Median

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TSE:9423 Forval RealStraight Inc TSE:9423
75 GF Score
Price 円103.00
GF Value 円157.63
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Forval RealStraight Cyclically Adjusted PS Ratio?

Forval RealStraight TSE:9423 -1.90% 75 Cyclically Adjusted PS Ratio is 1.02 as of Aug. 07, 2026, which is 44% below its 10-year median of 1.83. GuruFocus rates TSE:9423 with a GF Score™ of 75/100 and a GF Value™ of 円157.63 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,360 Real Estate companies, Forval RealStraight ranks better than 64.41% on this metric.

As of today (2026-08-07), Forval RealStraight's current share price is 円103.00. Forval RealStraight's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円101.29. Forval RealStraight's Cyclically Adjusted PS Ratio for today is 1.02.

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

TSE:9423' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.99   Med: 1.83   Max: 3.21
Current: 1.04

During the past years, Forval RealStraight's highest Cyclically Adjusted PS Ratio was 3.21. The lowest was 0.99. And the median was 1.83.

TSE:9423's Cyclically Adjusted PS Ratio is ranked better than
64.41% of 1360 companies
in the Real Estate industry
Industry Median: 1.82 vs TSE:9423: 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.

Forval RealStraight's adjusted revenue per share data for the three months ended in Mar. 2026 was 円49.904. 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101.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Forval RealStraight  (TSE:9423) 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.


Forval RealStraight Cyclically Adjusted PS Ratio Related Terms


Forval RealStraight Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Forval RealStraight'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.

Forval RealStraight Cyclically Adjusted PS Ratio Chart

Forval RealStraight 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 1.89 1.60 1.47 1.26 1.03

Forval RealStraight Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 1.26 0.00 0.00 0.00 1.03

TSE:9423 vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Forval RealStraight'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.


Forval RealStraight Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


TSE:9423
75GF Score
Forval RealStraight Inc TSE:9423
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forval RealStraight 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.

Forval RealStraight's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=103.00/101.29
=1.02

* 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.

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

For example, Forval RealStraight'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)
=49.904/112.7000*112.7000
=49.904

Current CPI (Mar. 2026) = 112.7000.

Forval RealStraight Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 10.489 98.100 12.050
201603 8.817 97.900 10.150
201606 11.443 98.100 13.146
201609 11.148 98.000 12.820
201612 11.596 98.400 13.281
201703 14.804 98.100 17.007
201706 12.779 98.500 14.621
201709 13.528 98.800 15.431
201712 14.264 99.400 16.173
201803 14.127 99.200 16.050
201806 16.320 99.200 18.541
201809 15.301 99.900 17.261
201812 14.453 99.700 16.338
201903 18.586 99.700 21.009
201906 15.822 99.800 17.867
201909 19.947 100.100 22.458
201912 18.485 100.500 20.729
202003 -16.341 100.300 -18.361
202006 16.490 99.900 18.603
202009 19.910 99.900 22.461
202012 18.551 99.300 21.054
202103 25.479 99.900 28.744
202106 21.958 99.500 24.871
202109 26.916 100.100 30.304
202112 21.908 100.100 24.666
202203 19.843 101.100 22.120
202206 27.407 101.800 30.342
202209 28.623 103.100 31.288
202212 39.508 104.100 42.772
202303 28.984 104.400 31.288
202306 31.627 105.200 33.882
202309 35.110 106.200 37.259
202312 29.343 106.800 30.964
202403 31.160 107.200 32.759
202409 0.000 108.900 0.000
202503 0.000 111.100 0.000
202506 42.288 111.700 42.667
202509 49.124 112.000 49.431
202512 46.821 113.000 46.697
202603 49.904 112.700 49.904

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 1.02 mean?
Forval RealStraight (TSE:9423) has a Cyclically Adjusted PS Ratio of 1.02 as of Aug. 07, 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 Forval RealStraight and its competitors. This is 44% below median its historical median of 1.83. Over the past decade, Forval RealStraight's Cyclically Adjusted PS Ratio has ranged from 0.99 to 3.21. According to the industry distribution chart, Forval RealStraight ranks #484 out of 1360 companies in the Real Estate industry, placing it in the top 35.6%.
Is Forval RealStraight's Cyclically Adjusted PS Ratio too high?
Forval RealStraight's current Cyclically Adjusted PS Ratio of 1.02 is 44% below median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 3.21. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.82. Forval RealStraight's value of 1.02 is 44% below this industry median. Based on the distribution chart, Forval RealStraight ranks #484 out of 1360 companies in the Real Estate industry, which is above the industry midpoint. Overall, Forval RealStraight has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forval RealStraight's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Forval RealStraight ranks #484 out of 1360 companies for Cyclically Adjusted PS Ratio. This puts Forval RealStraight in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.82. Forval RealStraight's value of 1.02 is 44% below this benchmark. Historically, Forval RealStraight's own Cyclically Adjusted PS Ratio has ranged from 0.99 to 3.21 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 1.82, Forval RealStraight 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 1.82, based on 1,360 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. Forval RealStraight's current Cyclically Adjusted PS Ratio of 1.02 is 44% 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 Forval RealStraight and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forval RealStraight's current Cyclically Adjusted PS Ratio is 1.02, which is 44% below median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forval RealStraight stock overvalued right now?
Based on GuruFocus' analysis, Forval RealStraight (TSE:9423) is currently considered Significantly Undervalued. The stock's GF Value™ is 円157.63, compared to a current price of 円103.00 — trading 34.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.02, which is 44% below median its 10-year median of 1.83 and 44% below the Real Estate industry median of 1.82. Forval RealStraight's overall GF Score™ is 75/100 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 Forval RealStraight (TSE:9423), the current Cyclically Adjusted PS Ratio is 1.02 as of Aug. 07, 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 Forval RealStraight (TSE:9423) Overvalued in 2026?

Based on GuruFocus' analysis, Forval RealStraight stock appears to be undervalued. The current stock price of 円103.00 is trading 34.7% below its estimated GF Value™ of 円157.63. GuruFocus considers Forval RealStraight to be Significantly Undervalued.

Key valuation signals for TSE:9423:

  • Cyclically Adjusted PS Ratio: 1.02 (44% below median its 10-year median of 1.83)
  • GF Value™: 円157.63 vs. price of 円103.00 (34.7% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 44% below the Real Estate median (#484 of 1360)

No single metric tells the full story. See the TSE:9423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forval RealStraight Business Description

Address 3-23-2 Kanda Jinbocho, Kinmei Building 4th Floor, Chiyoda-ku, Tokyo, JPN, 101-0051
Forval RealStraight Inc is a real estate service provider. The business of the company includes real estate brokerage, office relocation support services, and sales of OA communication equipment.
75GF Score

Get the complete analysis for TSE:9423

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

円103.00
Price
円157.63
GF Value