GMO Internet group (TSE:9449) Cyclically Adjusted PS Ratio: (As of Sep. 03, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:9449 GMO Internet group Inc TSE:9449
64 GF Score
Price 円4,002.00
GF Value 円2,793.68
Valuation Significantly Overvalued
! 6 Warning Signs
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What is GMO Internet group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GMO Internet group  (TSE:9449) 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.


GMO Internet group Cyclically Adjusted PS Ratio Related Terms


GMO Internet group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for GMO Internet group'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.

GMO Internet group Cyclically Adjusted PS Ratio Chart

GMO Internet group 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 2.03 1.59 1.47 1.36 1.81

GMO Internet group 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 1.75 1.71 1.81 1.29 0.00

TSE:9449 vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, GMO Internet group'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.


GMO Internet group Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

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

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


TSE:9449
64GF Score
GMO Internet group Inc TSE:9449
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GMO Internet group 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.

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

For example, GMO Internet group'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)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

GMO Internet group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 282.000 98.000 326.890
201612 299.076 98.400 345.275
201703 303.413 98.100 351.353
201706 317.631 98.500 366.324
201709 324.594 98.800 373.217
201712 363.647 99.400 415.597
201803 376.109 99.200 430.705
201806 408.866 99.200 468.218
201809 389.920 99.900 443.393
201812 417.167 99.700 475.328
201903 401.947 99.700 457.986
201906 423.280 99.800 481.810
201909 445.519 100.100 505.604
201912 425.725 100.500 481.218
202003 467.248 100.300 529.206
202006 469.392 99.900 533.763
202009 458.033 99.900 520.846
202012 484.064 99.300 553.773
202103 557.020 99.900 633.408
202106 539.005 99.500 615.387
202109 507.376 100.100 575.803
202112 581.327 100.100 659.728
202203 513.486 101.100 576.973
202206 646.145 101.800 721.042
202209 531.893 103.100 586.063
202212 570.842 104.100 622.936
202303 609.374 104.400 663.074
202306 595.970 105.200 643.557
202309 587.867 106.200 628.829
202312 544.783 106.800 579.470
202403 643.693 107.200 682.122
202406 628.190 108.200 659.541
202409 648.564 108.900 676.555
202412 692.153 110.700 710.285
202503 680.124 111.100 695.428
202506 684.363 111.700 696.004
202509 685.626 112.000 695.421
202512 700.256 113.000 703.974
202603 816.685 112.700 823.207
202606 0.000 113.600 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 GMO Internet group (TSE:9449) Overvalued in 2026?

Based on GuruFocus' analysis, GMO Internet group stock appears to be overvalued. The current stock price of 円4,002.00 is trading 43.3% above its estimated GF Value™ of 円2,793.68. GuruFocus considers GMO Internet group to be Significantly Overvalued.

Key valuation signals for TSE:9449:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円2,793.68 vs. price of 円4,002.00 (43.3% above fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the TSE:9449 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GMO Internet group Business Description

Other Exchanges GMOYF:USAIQ3:Germany
Address 26-1 Sakuragaokacho, Cerulean Tower 4th-14th floors, Shibuya ku, Tokyo, JPN
GMO Internet group Inc operates through main segment namely, Internet infrastructure business, Internet advertising and media, Internet securities, Internet financial services and Cryptocurrency. Internet infrastructure, the key segment, provides basic Internet services, such as domain hosting and e-commerce payments. Online advertising and media segment provides marketing services for online businesses. The Internet securities division provides consumer financial services, and the Cryptocurrency segment operates business pertaining to mining and exchange of cryptocurrency. The company generates the vast majority of revenue in Japan.
64GF Score

Get the complete analysis for TSE:9449

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

円4,002.00
Price
円2,793.68
GF Value