PCA (TSE:9629) Cyclically Adjusted PS Ratio: 2.02 (As of Aug. 02, 2026) — 25% Below 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:9629 PCA Corp TSE:9629
67 GF Score
Price 円1,430.00
GF Value 円2,061.34
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is PCA Cyclically Adjusted PS Ratio?

PCA TSE:9629 +1.49% 67 Cyclically Adjusted PS Ratio is 2.02 as of Aug. 02, 2026, which is 25% below its 10-year median of 2.71. GuruFocus rates TSE:9629 with a GF Score™ of 67/100 and a GF Value™ of 円2,061.34 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,590 Software companies, PCA ranks worse than 55.35% on this metric.

As of today (2026-08-02), PCA's current share price is 円1430.00. PCA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円708.06. PCA's Cyclically Adjusted PS Ratio for today is 2.02.

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

TSE:9629' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.29   Med: 2.71   Max: 4.55
Current: 2

During the past years, PCA's highest Cyclically Adjusted PS Ratio was 4.55. The lowest was 1.29. And the median was 2.71.

TSE:9629's Cyclically Adjusted PS Ratio is ranked worse than
55.35% of 1590 companies
in the Software industry
Industry Median: 1.645 vs TSE:9629: 2.00

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.

PCA's adjusted revenue per share data for the three months ended in Mar. 2026 was 円112.016. 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708.06 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PCA  (TSE:9629) 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.


PCA Cyclically Adjusted PS Ratio Related Terms


PCA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PCA'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.

PCA Cyclically Adjusted PS Ratio Chart

PCA 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 2.87 2.23 2.83 2.62 2.30

PCA 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 2.63 2.87 2.69 2.30 0.00

TSE:9629 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, PCA'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.


PCA Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, PCA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9629
67GF Score
PCA Corp TSE:9629
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PCA 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.

PCA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1430.00/708.06
=2.02

* 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.

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

For example, PCA'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)
=112.016/112.7000*112.7000
=112.016

Current CPI (Mar. 2026) = 112.7000.

PCA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 97.141 98.100 111.598
201609 104.926 98.000 120.665
201612 113.374 98.400 129.850
201703 139.951 98.100 160.780
201706 102.577 98.500 117.365
201709 115.055 98.800 131.242
201712 120.984 99.400 137.172
201803 137.471 99.200 156.179
201806 114.176 99.200 129.714
201809 125.061 99.900 141.085
201812 142.052 99.700 160.574
201903 180.516 99.700 204.054
201906 153.985 99.800 173.889
201909 205.204 100.100 231.034
201912 177.143 100.500 198.647
202003 178.305 100.300 200.349
202006 139.713 99.900 157.614
202009 159.851 99.900 180.332
202012 171.710 99.300 194.881
202103 194.723 99.900 219.672
202106 166.434 99.500 188.514
202109 164.045 100.100 184.694
202112 175.919 100.100 198.063
202203 161.153 101.100 179.643
202206 147.076 101.800 162.824
202209 159.576 103.100 174.435
202212 167.547 104.100 181.389
202303 171.361 104.400 184.985
202306 168.381 105.200 180.385
202309 183.284 106.200 194.502
202312 193.126 106.800 203.795
202403 201.727 107.200 212.077
202406 193.100 108.200 201.131
202409 199.652 108.900 206.619
202412 206.945 110.700 210.684
202503 208.259 111.100 211.258
202506 197.573 111.700 199.342
202509 211.314 112.000 212.635
202512 225.473 113.000 224.874
202603 112.016 112.700 112.016

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 2.02 mean?
PCA (TSE:9629) has a Cyclically Adjusted PS Ratio of 2.02 as of Aug. 02, 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 PCA and its competitors. This is 25% below median its historical median of 2.71. Over the past decade, PCA's Cyclically Adjusted PS Ratio has ranged from 1.29 to 4.55. According to the industry distribution chart, PCA ranks #880 out of 1590 companies in the Software industry, placing it in the top 55.3%.
Is PCA's Cyclically Adjusted PS Ratio too high?
PCA's current Cyclically Adjusted PS Ratio of 2.02 is 25% below median its 10-year median of 2.71. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 4.55. The Software industry median Cyclically Adjusted PS Ratio is 1.65. PCA's value of 2.02 is 22.8% above this industry median. Based on the distribution chart, PCA ranks #880 out of 1590 companies in the Software industry, which is below the industry midpoint. Overall, PCA has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PCA's Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, PCA ranks #880 out of 1590 companies for Cyclically Adjusted PS Ratio. This places PCA in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.65. PCA's value of 2.02 is 22.8% above this benchmark. Historically, PCA's own Cyclically Adjusted PS Ratio has ranged from 1.29 to 4.55 over the past decade. While the company's 10-year median is 2.71 vs. the industry median of 1.65, PCA has consistently been above 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.65, based on 1,590 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. PCA's current Cyclically Adjusted PS Ratio of 2.02 is 22.8% above 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 PCA and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PCA's current Cyclically Adjusted PS Ratio is 2.02, which is 25% below median its own 10-year median of 2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PCA stock overvalued right now?
Based on GuruFocus' analysis, PCA (TSE:9629) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,061.34, compared to a current price of 円1,430.00 — trading 30.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.02, which is 25% below median its 10-year median of 2.71 and 22.8% above the Software industry median of 1.65. PCA's overall GF Score™ is 67/100 with 3 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 PCA (TSE:9629), the current Cyclically Adjusted PS Ratio is 2.02 as of Aug. 02, 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 PCA (TSE:9629) Overvalued in 2026?

Based on GuruFocus' analysis, PCA stock appears to be undervalued. The current stock price of 円1,430.00 is trading 30.6% below its estimated GF Value™ of 円2,061.34. GuruFocus considers PCA to be Significantly Undervalued.

Key valuation signals for TSE:9629:

  • Cyclically Adjusted PS Ratio: 2.02 (25% below median its 10-year median of 2.71)
  • GF Value™: 円2,061.34 vs. price of 円1,430.00 (30.6% below fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 22.8% above the Software median (#880 of 1590)

No single metric tells the full story. See the TSE:9629 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PCA Business Description

Address 1-2-21 Fujimi, cbhiyoda-ku, Tokyo, JPN, 102-8171
PCA Corp develops and sells computer software.
67GF Score

Get the complete analysis for TSE:9629

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

円1,430.00
Price
円2,061.34
GF Value