Hokuriku Electric Power Co (TSE:9505) Cyclically Adjusted PS Ratio: 0.26 (As of Jul. 27, 2026) — Near Median

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:9505 Hokuriku Electric Power Co Inc TSE:9505
64 GF Score
Price 円935.20
GF Value 円821.13
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Hokuriku Electric Power Co Cyclically Adjusted PS Ratio?

Hokuriku Electric Power Co TSE:9505 -1.68% 64 Cyclically Adjusted PS Ratio is 0.26 as of Jul. 27, 2026, which is at its 10-year median of 0.26. GuruFocus rates TSE:9505 with a GF Score™ of 64/100 and a GF Value™ of 円821.13 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 442 Utilities - Regulated companies, Hokuriku Electric Power Co ranks better than 88.91% on this metric.

As of today (2026-07-27), Hokuriku Electric Power Co's current share price is 円935.20. Hokuriku Electric Power Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円3,612.50. Hokuriku Electric Power Co's Cyclically Adjusted PS Ratio for today is 0.26.

The historical rank and industry rank for Hokuriku Electric Power Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSE:9505' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.26   Max: 0.46
Current: 0.26

During the past years, Hokuriku Electric Power Co's highest Cyclically Adjusted PS Ratio was 0.46. The lowest was 0.15. And the median was 0.26.

TSE:9505's Cyclically Adjusted PS Ratio is ranked better than
88.91% of 442 companies
in the Utilities - Regulated industry
Industry Median: 1.46 vs TSE:9505: 0.26

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.

Hokuriku Electric Power Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円973.910. 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3,612.50 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hokuriku Electric Power Co  (TSE:9505) 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.


Hokuriku Electric Power Co Cyclically Adjusted PS Ratio Related Terms


Hokuriku Electric Power Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hokuriku Electric Power Co'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.

Hokuriku Electric Power Co Cyclically Adjusted PS Ratio Chart

Hokuriku Electric Power Co 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 0.19 0.19 0.25 0.24 0.30

Hokuriku Electric Power Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.24 0.20 0.24 0.27 0.30

TSE:9505 vs NEE, SO, DUK: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, Hokuriku Electric Power Co'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.


Hokuriku Electric Power Co Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hokuriku Electric Power Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hokuriku Electric Power Co's Cyclically Adjusted PS Ratio falls into.


TSE:9505
64GF Score
Hokuriku Electric Power Co Inc TSE:9505
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hokuriku Electric Power Co 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.

Hokuriku Electric Power Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=935.20/3612.50
=0.26

* 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.

Hokuriku Electric Power Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Hokuriku Electric Power Co'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)
=973.91/112.7000*112.7000
=973.910

Current CPI (Mar. 2026) = 112.7000.

Hokuriku Electric Power Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 594.989 98.100 683.540
201609 661.852 98.000 761.130
201612 613.927 98.400 703.146
201703 727.714 98.100 836.018
201706 637.313 98.500 729.190
201709 733.800 98.800 837.037
201712 682.899 99.400 774.273
201803 801.813 99.200 910.931
201806 676.077 99.200 768.083
201809 795.491 99.900 897.416
201812 697.301 99.700 788.223
201903 814.711 99.700 920.942
201906 710.199 99.800 801.998
201909 776.973 100.100 874.774
201912 707.920 100.500 793.857
202003 813.044 100.300 913.560
202006 705.599 99.900 796.006
202009 767.248 99.900 865.554
202012 674.254 99.300 765.241
202103 915.768 99.900 1,033.104
202106 585.921 99.500 663.651
202109 715.215 100.100 805.242
202112 714.511 100.100 804.449
202203 924.277 101.100 1,030.327
202206 783.510 101.800 867.403
202209 1,012.502 103.100 1,106.780
202212 983.182 104.100 1,064.405
202303 1,137.337 104.400 1,227.757
202306 924.502 105.200 990.412
202309 1,029.629 106.200 1,092.648
202312 890.008 106.800 939.175
202403 1,027.728 107.200 1,080.457
202406 898.868 108.200 936.252
202409 1,114.375 108.900 1,153.260
202412 830.628 110.700 845.635
202503 1,266.970 111.100 1,285.216
202506 891.034 111.700 899.011
202509 1,039.383 112.000 1,045.879
202512 861.427 113.000 859.140
202603 973.910 112.700 973.910

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 0.26 mean?
Hokuriku Electric Power Co (TSE:9505) has a Cyclically Adjusted PS Ratio of 0.26 as of Jul. 27, 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 Hokuriku Electric Power Co and its competitors. This is near median its historical median of 0.26. Over the past decade, Hokuriku Electric Power Co's Cyclically Adjusted PS Ratio has ranged from 0.15 to 0.46. According to the industry distribution chart, Hokuriku Electric Power Co ranks #49 out of 442 companies in the Utilities - Regulated industry, placing it in the top 11.1%.
Is Hokuriku Electric Power Co's Cyclically Adjusted PS Ratio too high?
Hokuriku Electric Power Co's current Cyclically Adjusted PS Ratio of 0.26 is near median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.46. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.46. Hokuriku Electric Power Co's value of 0.26 is 82.2% below this industry median. Based on the distribution chart, Hokuriku Electric Power Co ranks #49 out of 442 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Hokuriku Electric Power Co has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokuriku Electric Power Co's Cyclically Adjusted PS Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Hokuriku Electric Power Co ranks #49 out of 442 companies for Cyclically Adjusted PS Ratio. This places Hokuriku Electric Power Co in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.46. Hokuriku Electric Power Co's value of 0.26 is 82.2% below this benchmark. Historically, Hokuriku Electric Power Co's own Cyclically Adjusted PS Ratio has ranged from 0.15 to 0.46 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 1.46, Hokuriku Electric Power Co 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 an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.46, based on 442 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. Hokuriku Electric Power Co's current Cyclically Adjusted PS Ratio of 0.26 is 82.2% 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 Hokuriku Electric Power Co and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokuriku Electric Power Co's current Cyclically Adjusted PS Ratio is 0.26, which is near median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokuriku Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Hokuriku Electric Power Co (TSE:9505) is currently considered Modestly Overvalued. The stock's GF Value™ is 円821.13, compared to a current price of 円935.20 — trading 13.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.26, which is near median its 10-year median of 0.26 and 82.2% below the Utilities - Regulated industry median of 1.46. Hokuriku Electric Power Co's overall GF Score™ is 64/100 with 4 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 Hokuriku Electric Power Co (TSE:9505), the current Cyclically Adjusted PS Ratio is 0.26 as of Jul. 27, 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 Hokuriku Electric Power Co (TSE:9505) Overvalued in 2026?

Based on GuruFocus' analysis, Hokuriku Electric Power Co stock appears to be overvalued. The current stock price of 円935.20 is trading 13.9% above its estimated GF Value™ of 円821.13. GuruFocus considers Hokuriku Electric Power Co to be Modestly Overvalued.

Key valuation signals for TSE:9505:

  • Cyclically Adjusted PS Ratio: 0.26 (near median its 10-year median of 0.26)
  • GF Value™: 円821.13 vs. price of 円935.20 (13.9% above fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 82.2% below the Utilities - Regulated median (#49 of 442)

No single metric tells the full story. See the TSE:9505 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hokuriku Electric Power Co Business Description

Other Exchanges 6HO:Germany
Address 15-1 Ushijima-cho, Toyama, JPN, 930-8686
Hokuriku Electric Power Co Inc is an electric utility company that functions as a regulated monopoly in the Hokuriku region of Japan's main island of Honshu. Hokuriku Electric supplies electricity through power generation, transmission, and distribution. To do this, the company operates a portfolio of hydroelectric, thermal, and nuclear power plants located throughout Japan's Hokuriku region. Most of the total energy produced by Hokuriku Electric comes from its thermal facilities that utilize coal fuel sources. The company primarily generates revenue through the sale of electric power to residential and large-scale industrial customers in the machinery, chemical, and textile sectors.
64GF Score

Get the complete analysis for TSE:9505

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

円935.20
Price
円821.13
GF Value