Hiroshima Gas Co (TSE:9535) Cyclically Adjusted PS Ratio: 0.33 (As of Jul. 30, 2026) — 14% Above Median

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TSE:9535 Hiroshima Gas Co Ltd TSE:9535
62 GF Score
Price 円431.00
GF Value 円351.51
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Hiroshima Gas Co Cyclically Adjusted PS Ratio?

Hiroshima Gas Co TSE:9535 +2.86% 62 Cyclically Adjusted PS Ratio is 0.33 as of Jul. 30, 2026, which is 14% above its 10-year median of 0.29. GuruFocus rates TSE:9535 with a GF Score™ of 62/100 and a GF Value™ of 円351.51 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 707 Oil & Gas companies, Hiroshima Gas Co ranks better than 77.37% on this metric.

As of today (2026-07-30), Hiroshima Gas Co's current share price is 円431.00. Hiroshima Gas Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,317.58. Hiroshima Gas Co's Cyclically Adjusted PS Ratio for today is 0.33.

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

TSE:9535' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.29   Max: 0.34
Current: 0.32

During the past years, Hiroshima Gas Co's highest Cyclically Adjusted PS Ratio was 0.34. The lowest was 0.24. And the median was 0.29.

TSE:9535's Cyclically Adjusted PS Ratio is ranked better than
77.37% of 707 companies
in the Oil & Gas industry
Industry Median: 1.05 vs TSE:9535: 0.32

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.

Hiroshima Gas Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円386.067. 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1,317.58 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hiroshima Gas Co  (TSE:9535) 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.


Hiroshima Gas Co Cyclically Adjusted PS Ratio Related Terms


Hiroshima Gas Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hiroshima Gas 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.

Hiroshima Gas Co Cyclically Adjusted PS Ratio Chart

Hiroshima Gas 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 0.27 0.28 0.30 0.00 0.30

Hiroshima Gas Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.00 0.27 0.29 0.29 0.30

TSE:9535 vs XOM, CVX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Integrated subindustry, Hiroshima Gas 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.


Hiroshima Gas Co Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hiroshima Gas Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9535
62GF Score
Hiroshima Gas Co Ltd TSE:9535
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hiroshima Gas 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.

Hiroshima Gas Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=431.00/1317.58
=0.33

* 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.

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

For example, Hiroshima Gas 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)
=386.067/112.7000*112.7000
=386.067

Current CPI (Mar. 2026) = 112.7000.

Hiroshima Gas Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 321.584 97.900 370.199
201606 253.012 98.100 290.667
201609 216.722 98.000 249.230
201612 232.015 98.400 265.733
201703 330.686 98.100 379.901
201706 256.456 98.500 293.427
201709 222.337 98.800 253.617
201712 266.132 99.400 301.741
201803 340.561 99.200 386.908
201806 283.313 99.200 321.869
201809 251.467 99.900 283.687
201812 299.787 99.700 338.877
201903 375.063 99.700 423.968
201906 302.493 99.800 341.593
201909 264.581 100.100 297.885
201912 285.451 100.500 320.103
202003 360.607 100.300 405.189
202006 260.593 99.900 293.982
202009 241.315 99.900 272.234
202012 254.086 99.300 288.374
202103 320.498 99.900 361.563
202106 267.385 99.500 302.857
202109 228.909 100.100 257.723
202112 264.343 100.100 297.617
202203 364.823 101.100 406.682
202206 305.725 101.800 338.460
202209 288.558 103.100 315.427
202212 336.371 104.100 364.160
202303 462.608 104.400 499.386
202306 348.613 105.200 373.467
202309 275.800 106.200 292.680
202312 307.601 106.800 324.594
202403 392.463 107.200 412.599
202406 323.823 108.200 337.291
202409 281.171 108.900 290.982
202503 0.000 111.100 0.000
202506 313.086 111.700 315.889
202509 273.705 112.000 275.416
202512 315.220 113.000 314.383
202603 386.067 112.700 386.067

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 0.33 mean?
Hiroshima Gas Co (TSE:9535) has a Cyclically Adjusted PS Ratio of 0.33 as of Jul. 30, 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 Hiroshima Gas Co and its competitors. This is 14% above median its historical median of 0.29. Over the past decade, Hiroshima Gas Co's Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.34. According to the industry distribution chart, Hiroshima Gas Co ranks #160 out of 707 companies in the Oil & Gas industry, placing it in the top 22.6%.
Is Hiroshima Gas Co's Cyclically Adjusted PS Ratio too high?
Hiroshima Gas Co's current Cyclically Adjusted PS Ratio of 0.33 is 14% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.34. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.05. Hiroshima Gas Co's value of 0.33 is 68.6% below this industry median. Based on the distribution chart, Hiroshima Gas Co ranks #160 out of 707 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Hiroshima Gas Co has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hiroshima Gas Co's Cyclically Adjusted PS Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Hiroshima Gas Co ranks #160 out of 707 companies for Cyclically Adjusted PS Ratio. This places Hiroshima Gas Co in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.05. Hiroshima Gas Co's value of 0.33 is 68.6% below this benchmark. Historically, Hiroshima Gas Co's own Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.34 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 1.05, Hiroshima Gas 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 Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.05, based on 707 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. Hiroshima Gas Co's current Cyclically Adjusted PS Ratio of 0.33 is 68.6% 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 Hiroshima Gas Co and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiroshima Gas Co's current Cyclically Adjusted PS Ratio is 0.33, which is 14% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiroshima Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hiroshima Gas Co (TSE:9535) is currently considered Modestly Overvalued. The stock's GF Value™ is 円351.51, compared to a current price of 円431.00 — trading 22.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.33, which is 14% above median its 10-year median of 0.29 and 68.6% below the Oil & Gas industry median of 1.05. Hiroshima Gas Co's overall GF Score™ is 62/100 with 6 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 Hiroshima Gas Co (TSE:9535), the current Cyclically Adjusted PS Ratio is 0.33 as of Jul. 30, 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 Hiroshima Gas Co (TSE:9535) Overvalued in 2026?

Based on GuruFocus' analysis, Hiroshima Gas Co stock appears to be overvalued. The current stock price of 円431.00 is trading 22.6% above its estimated GF Value™ of 円351.51. GuruFocus considers Hiroshima Gas Co to be Modestly Overvalued.

Key valuation signals for TSE:9535:

  • Cyclically Adjusted PS Ratio: 0.33 (14% above median its 10-year median of 0.29)
  • GF Value™: 円351.51 vs. price of 円431.00 (22.6% above fair value)
  • GF Score™: 62/100 with 6 warning signs
  • Industry Position: 68.6% below the Oil & Gas median (#160 of 707)

No single metric tells the full story. See the TSE:9535 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hiroshima Gas Co Business Description

Industry EnergyOil & Gas
Address 2-7-1 Minamimachi, Minami Ward, Hiroshima, JPN, 734-8555
Hiroshima Gas Co Ltd is a provider of gas in the Chugoku region of Japan. It engages in supply of gas business, sale of gas appliances, sales of liquefied natural gas, and electricity business. Its business segments include Gas business which includes production, supply and sale of city gas, wholesale supply of gas to other gas companies; LPG business includes sale of LPG, refilling of LPG tanks, sale of LPG devices and installation of LPG pipes, and Other activities include construction, engineering, installation of machinery, and information distribution.
62GF Score

Get the complete analysis for TSE:9535

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

円431.00
Price
円351.51
GF Value