Crops (TSE:9428) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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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.
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Charlie Tian
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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:9428 Crops Corp TSE:9428
77 GF Score
Price 円1,472.00
GF Value 円1,384.34
Valuation Fairly Valued
! 5 Warning Signs
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What is Crops Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Crops  (TSE:9428) 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.


Crops Cyclically Adjusted PS Ratio Related Terms


Crops Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Crops'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.

Crops Cyclically Adjusted PS Ratio Chart

Crops 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 0.26 0.33 0.25 0.19 0.26

Crops Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 0.23 0.28 0.26 0.26 0.23

TSE:9428 vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Crops'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.


Crops Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Crops's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9428
77GF Score
Crops Corp TSE:9428
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Crops 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.

Crops's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Crops's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1893.486/113.6000*113.6000
=1,893.486

Current CPI (Jun. 2026) = 113.6000.

Crops Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 875.698 98.000 1,015.095
201612 945.929 98.400 1,092.048
201703 958.329 98.100 1,109.747
201706 910.900 98.500 1,050.541
201709 891.641 98.800 1,025.207
201712 1,043.877 99.400 1,193.002
201803 1,041.481 99.200 1,192.664
201806 1,010.838 99.200 1,157.573
201809 1,020.536 99.900 1,160.489
201812 1,113.587 99.700 1,268.841
201903 1,130.467 99.700 1,288.075
201906 1,035.119 99.800 1,178.252
201909 1,136.928 100.100 1,290.260
201912 1,150.995 100.500 1,301.025
202003 1,150.786 100.300 1,303.383
202006 976.367 99.900 1,110.263
202009 1,081.032 99.900 1,229.282
202012 1,204.141 99.300 1,377.547
202103 1,200.711 99.900 1,365.373
202106 1,155.489 99.500 1,319.232
202109 1,203.920 100.100 1,366.287
202112 1,266.556 100.100 1,437.370
202203 1,389.172 101.100 1,560.929
202206 1,279.659 101.800 1,427.989
202209 1,212.994 103.100 1,336.529
202212 1,388.840 104.100 1,515.583
202303 1,426.153 104.400 1,551.829
202306 1,331.853 105.200 1,438.199
202309 1,412.930 106.200 1,511.383
202312 1,496.916 106.800 1,592.225
202403 1,520.393 107.200 1,611.163
202406 1,481.900 108.200 1,555.858
202409 1,607.215 108.900 1,676.581
202412 1,697.422 110.700 1,741.889
202503 1,724.388 111.100 1,763.191
202506 1,662.101 111.700 1,690.373
202509 1,640.633 112.000 1,664.071
202512 1,841.561 113.000 1,851.339
202603 1,993.632 112.700 2,009.553
202606 1,893.486 113.600 1,893.486

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 Crops (TSE:9428) Overvalued in 2026?

Based on GuruFocus' analysis, Crops stock appears to be overvalued. The current stock price of 円1,472.00 is trading 6.3% above its estimated GF Value™ of 円1,384.34. GuruFocus considers Crops to be Fairly Valued.

Key valuation signals for TSE:9428:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円1,384.34 vs. price of 円1,472.00 (6.3% above fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the TSE:9428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Crops Business Description

Address Nagoya Station 4-chome 23-9, Nagoya, JPN, 450-0002
Crops Corp is engaged in sales of au mobile phones and all accompanying services. It is a mobile telecommunication service subscription agency. The Company sells KDDI's brand mobile phones, au mobile phones, in the Tokai area.
77GF Score

Get the complete analysis for TSE:9428

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

円1,472.00
Price
円1,384.34
GF Value