Space Co (TSE:9622) Cyclically Adjusted PS Ratio: 0.63 (As of Aug. 01, 2026) — 26% Above Median

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TSE:9622 Space Co Ltd TSE:9622
88 GF Score
Price 円1,449.00
GF Value 円1,497.61
Valuation Fairly Valued
View Full Analysis

What is Space Co Cyclically Adjusted PS Ratio?

Space Co TSE:9622 -0.34% 88 Cyclically Adjusted PS Ratio is 0.63 as of Aug. 01, 2026, which is 26% above its 10-year median of 0.50. GuruFocus rates TSE:9622 with a GF Score™ of 88/100 and a GF Value™ of 円1,497.61 (Fairly Valued). Among 1,359 Construction companies, Space Co ranks better than 54.08% on this metric.

As of today (2026-08-01), Space Co's current share price is 円1449.00. Space Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was 円2,313.06. Space Co's Cyclically Adjusted PS Ratio for today is 0.63.

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

TSE:9622' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.5   Max: 0.81
Current: 0.62

During the past years, Space Co's highest Cyclically Adjusted PS Ratio was 0.81. The lowest was 0.40. And the median was 0.50.

TSE:9622's Cyclically Adjusted PS Ratio is ranked better than
54.08% of 1359 companies
in the Construction industry
Industry Median: 0.7 vs TSE:9622: 0.62

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.

Space Co's adjusted revenue per share data for the three months ended in Dec. 2025 was 円833.904. 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2,313.06 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Space Co  (TSE:9622) 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.


Space Co Cyclically Adjusted PS Ratio Related Terms


Space Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Space 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.

Space Co Cyclically Adjusted PS Ratio Chart

Space Co 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 0.47 0.43 0.44 0.50 0.67

Space 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 0.49 0.51 0.61 0.67 0.00

TSE:9622 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Space 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.


Space Co Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Space Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9622
88GF Score
Space Co Ltd TSE:9622
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Space 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1449.00/2313.06
=0.63

* 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.

Space Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Space Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=833.904/113.0000*113.0000
=833.904

Current CPI (Dec. 2025) = 113.0000.

Space Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 457.542 97.900 528.113
201606 556.107 98.100 640.572
201609 436.426 98.000 503.226
201612 587.566 98.400 674.746
201703 453.292 98.100 522.141
201706 615.091 98.500 705.637
201709 444.725 98.800 508.643
201712 586.753 99.400 667.033
201803 449.383 99.200 511.898
201806 479.333 99.200 546.014
201809 398.648 99.900 450.923
201812 587.194 99.700 665.526
201903 369.831 99.700 419.167
201906 589.600 99.800 667.583
201909 567.381 100.100 640.500
201912 548.831 100.500 617.094
202003 376.404 100.300 424.064
202006 531.079 99.900 600.720
202009 344.039 99.900 389.153
202012 395.995 99.300 450.629
202103 300.084 99.900 339.434
202106 490.307 99.500 556.831
202109 297.966 100.100 336.365
202112 628.520 100.100 709.518
202203 414.323 101.100 463.091
202206 473.856 101.800 525.989
202209 501.297 103.100 549.433
202212 510.751 104.100 554.418
202303 547.947 104.400 593.084
202306 511.140 105.200 549.038
202309 443.464 106.200 471.859
202312 650.975 106.800 688.766
202403 646.445 107.200 681.421
202406 650.919 108.200 679.795
202409 564.974 108.900 586.245
202412 752.825 110.700 768.466
202503 728.888 111.100 741.353
202506 653.149 111.700 660.751
202509 701.160 112.000 707.420
202512 833.904 113.000 833.904

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 0.63 mean?
Space Co (TSE:9622) has a Cyclically Adjusted PS Ratio of 0.63 as of Aug. 01, 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 Space Co and its competitors. This is 26% above median its historical median of 0.50. Over the past decade, Space Co's Cyclically Adjusted PS Ratio has ranged from 0.40 to 0.81. According to the industry distribution chart, Space Co ranks #624 out of 1359 companies in the Construction industry, placing it in the top 45.9%.
Is Space Co's Cyclically Adjusted PS Ratio too high?
Space Co's current Cyclically Adjusted PS Ratio of 0.63 is 26% above median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.81. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Space Co's value of 0.63 is 10% below this industry median. Based on the distribution chart, Space Co ranks #624 out of 1359 companies in the Construction industry, which is above the industry midpoint. Overall, Space Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Space Co's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Space Co ranks #624 out of 1359 companies for Cyclically Adjusted PS Ratio. This puts Space Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Space Co's value of 0.63 is 10% below this benchmark. Historically, Space Co's own Cyclically Adjusted PS Ratio has ranged from 0.40 to 0.81 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 0.70, Space 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,359 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. Space Co's current Cyclically Adjusted PS Ratio of 0.63 is 10% 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 Space Co and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Co's current Cyclically Adjusted PS Ratio is 0.63, which is 26% above median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Co stock overvalued right now?
Based on GuruFocus' analysis, Space Co (TSE:9622) is currently considered Fairly Valued. The stock's GF Value™ is 円1,497.61, compared to a current price of 円1,449.00 — trading 3.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.63, which is 26% above median its 10-year median of 0.50 and 10% below the Construction industry median of 0.70. Space Co's overall GF Score™ is 88/100. 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 Space Co (TSE:9622), the current Cyclically Adjusted PS Ratio is 0.63 as of Aug. 01, 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 Space Co (TSE:9622) Overvalued in 2026?

Based on GuruFocus' analysis, Space Co stock appears to be undervalued. The current stock price of 円1,449.00 is trading 3.2% below its estimated GF Value™ of 円1,497.61. GuruFocus considers Space Co to be Fairly Valued.

Key valuation signals for TSE:9622:

  • Cyclically Adjusted PS Ratio: 0.63 (26% above median its 10-year median of 0.50)
  • GF Value™: 円1,497.61 vs. price of 円1,449.00 (3.2% below fair value)
  • GF Score™: 88/100
  • Industry Position: 10% below the Construction median (#624 of 1359)

No single metric tells the full story. See the TSE:9622 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Space Co Business Description

Other Exchanges SPAEF:USA
Address 3-9-4 Nihonbashi, Ningyo-cho, Tokyo, JPN, 103-0013
Space Co Ltd is engaged in the planning and design, supervision and construction of commercial facilities, including shopping centres, department stores, speciality stores, restaurants, and cafes. In addition, the company is also involved in the planning, design, production, sales and import and export of display equipment and fixtures, indoor and outdoor decorative items.
88GF Score

Get the complete analysis for TSE:9622

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

円1,449.00
Price
円1,497.61
GF Value