Ichinen Holdings Co (TSE:9619) Cyclically Adjusted PS Ratio: 0.50 (As of Aug. 12, 2026) — 28% Above 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:9619 Ichinen Holdings Co Ltd TSE:9619
85 GF Score
Price 円2,613.00
GF Value 円2,061.86
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Ichinen Holdings Co Cyclically Adjusted PS Ratio?

Ichinen Holdings Co TSE:9619 +0.54% 85 Cyclically Adjusted PS Ratio is 0.50 as of Aug. 12, 2026, which is 28% above its 10-year median of 0.39. GuruFocus rates TSE:9619 with a GF Score™ of 85/100 and a GF Value™ of 円2,061.86 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 718 Business Services companies, Ichinen Holdings Co ranks better than 66.3% on this metric.

As of today (2026-08-12), Ichinen Holdings Co's current share price is 円2613.00. Ichinen Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円5,221.50. Ichinen Holdings Co's Cyclically Adjusted PS Ratio for today is 0.50.

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

TSE:9619' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.39   Max: 0.58
Current: 0.5

During the past years, Ichinen Holdings Co's highest Cyclically Adjusted PS Ratio was 0.58. The lowest was 0.31. And the median was 0.39.

TSE:9619's Cyclically Adjusted PS Ratio is ranked better than
66.3% of 718 companies
in the Business Services industry
Industry Median: 0.87 vs TSE:9619: 0.50

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.

Ichinen Holdings Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円1,731.104. 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5,221.50 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ichinen Holdings Co  (TSE:9619) 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.


Ichinen Holdings Co Cyclically Adjusted PS Ratio Related Terms


Ichinen Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ichinen Holdings 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.

Ichinen Holdings Co Cyclically Adjusted PS Ratio Chart

Ichinen Holdings 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 0.37 0.32 0.41 0.35 0.40

Ichinen Holdings Co 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 0.32 0.40 0.41 0.40 0.00

TSE:9619 vs URI, SUNB, AER: Cyclically Adjusted PS Ratio Comparison

For the Rental & Leasing Services subindustry, Ichinen Holdings 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.


Ichinen Holdings Co Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Ichinen Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9619
85GF Score
Ichinen Holdings Co Ltd TSE:9619
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ichinen Holdings 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.

Ichinen Holdings Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2613.00/5221.50
=0.50

* 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.

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

For example, Ichinen Holdings 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)
=1731.104/112.7000*112.7000
=1,731.104

Current CPI (Mar. 2026) = 112.7000.

Ichinen Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 772.153 98.100 887.071
201609 806.581 98.000 927.568
201612 802.965 98.400 919.656
201703 835.745 98.100 960.127
201706 820.067 98.500 938.290
201709 836.782 98.800 954.507
201712 813.651 99.400 922.520
201803 837.690 99.200 951.690
201806 857.549 99.200 974.252
201809 876.458 99.900 988.757
201812 915.119 99.700 1,034.442
201903 919.024 99.700 1,038.857
201906 905.033 99.800 1,022.016
201909 957.275 100.100 1,077.771
201912 1,007.423 100.500 1,129.717
202003 1,142.125 100.300 1,283.325
202006 1,111.285 99.900 1,253.672
202009 1,114.766 99.900 1,257.599
202012 1,207.722 99.300 1,370.698
202103 1,188.965 99.900 1,341.305
202106 1,215.294 99.500 1,376.519
202109 1,212.070 100.100 1,364.638
202112 1,317.643 100.100 1,483.500
202203 1,242.997 101.100 1,385.616
202206 1,258.927 101.800 1,393.724
202209 1,310.988 103.100 1,433.059
202212 1,378.309 104.100 1,492.175
202303 1,360.322 104.400 1,468.470
202306 1,327.940 105.200 1,422.613
202309 1,306.430 106.200 1,386.390
202312 1,535.982 106.800 1,620.835
202403 1,556.038 107.200 1,635.872
202406 1,636.183 108.200 1,704.231
202409 1,584.359 108.900 1,639.644
202412 1,612.852 110.700 1,641.991
202503 1,621.277 111.100 1,644.626
202506 1,744.245 111.700 1,759.860
202509 1,672.350 112.000 1,682.802
202512 1,718.055 113.000 1,713.494
202603 1,731.104 112.700 1,731.104

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 0.50 mean?
Ichinen Holdings Co (TSE:9619) has a Cyclically Adjusted PS Ratio of 0.50 as of Aug. 12, 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 Ichinen Holdings Co and its competitors. This is 28% above median its historical median of 0.39. Over the past decade, Ichinen Holdings Co's Cyclically Adjusted PS Ratio has ranged from 0.31 to 0.58. According to the industry distribution chart, Ichinen Holdings Co ranks #242 out of 718 companies in the Business Services industry, placing it in the top 33.7%.
Is Ichinen Holdings Co's Cyclically Adjusted PS Ratio too high?
Ichinen Holdings Co's current Cyclically Adjusted PS Ratio of 0.50 is 28% above median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 0.58. The Business Services industry median Cyclically Adjusted PS Ratio is 0.87. Ichinen Holdings Co's value of 0.50 is 42.5% below this industry median. Based on the distribution chart, Ichinen Holdings Co ranks #242 out of 718 companies in the Business Services industry, which is above the industry midpoint. Overall, Ichinen Holdings Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ichinen Holdings Co's Cyclically Adjusted PS Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, Ichinen Holdings Co ranks #242 out of 718 companies for Cyclically Adjusted PS Ratio. This puts Ichinen Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.87. Ichinen Holdings Co's value of 0.50 is 42.5% below this benchmark. Historically, Ichinen Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 0.31 to 0.58 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 0.87, Ichinen Holdings 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 a Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.87, based on 718 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. Ichinen Holdings Co's current Cyclically Adjusted PS Ratio of 0.50 is 42.5% 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 Ichinen Holdings Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichinen Holdings Co's current Cyclically Adjusted PS Ratio is 0.50, which is 28% above median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichinen Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Ichinen Holdings Co (TSE:9619) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,061.86, compared to a current price of 円2,613.00 — trading 26.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.50, which is 28% above median its 10-year median of 0.39 and 42.5% below the Business Services industry median of 0.87. Ichinen Holdings Co's overall GF Score™ is 85/100 with 7 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 Ichinen Holdings Co (TSE:9619), the current Cyclically Adjusted PS Ratio is 0.50 as of Aug. 12, 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 Ichinen Holdings Co (TSE:9619) Overvalued in 2026?

Based on GuruFocus' analysis, Ichinen Holdings Co stock appears to be overvalued. The current stock price of 円2,613.00 is trading 26.7% above its estimated GF Value™ of 円2,061.86. GuruFocus considers Ichinen Holdings Co to be Modestly Overvalued.

Key valuation signals for TSE:9619:

  • Cyclically Adjusted PS Ratio: 0.50 (28% above median its 10-year median of 0.39)
  • GF Value™: 円2,061.86 vs. price of 円2,613.00 (26.7% above fair value)
  • GF Score™: 85/100 with 7 warning signs
  • Industry Position: 42.5% below the Business Services median (#242 of 718)

No single metric tells the full story. See the TSE:9619 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ichinen Holdings Co Business Description

Address 1-10-6 four Yodogawa-ku, Osaka, JPN, 532-8567
Ichinen Holdings Co Ltd is engaged in the automotive leasing business, chemicals, parking, sales of machine tools, and synthetic resins.
85GF Score

Get the complete analysis for TSE:9619

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

円2,613.00
Price
円2,061.86
GF Value