Saison Technology Co (TSE:9640) Cyclically Adjusted PS Ratio: 1.23 (As of Aug. 01, 2026) — 14% 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:9640 Saison Technology Co Ltd TSE:9640
67 GF Score
Price 円2,069.00
GF Value 円1,700.59
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Saison Technology Co Cyclically Adjusted PS Ratio?

Saison Technology Co TSE:9640 -0.39% 67 Cyclically Adjusted PS Ratio is 1.23 as of Aug. 01, 2026, which is 14% above its 10-year median of 1.08. GuruFocus rates TSE:9640 with a GF Score™ of 67/100 and a GF Value™ of 円1,700.59 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,590 Software companies, Saison Technology Co ranks better than 58.49% on this metric.

As of today (2026-08-01), Saison Technology Co's current share price is 円2069.00. Saison Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,687.92. Saison Technology Co's Cyclically Adjusted PS Ratio for today is 1.23.

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

TSE:9640' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.08   Max: 1.45
Current: 1.23

During the past years, Saison Technology Co's highest Cyclically Adjusted PS Ratio was 1.45. The lowest was 0.65. And the median was 1.08.

TSE:9640's Cyclically Adjusted PS Ratio is ranked better than
58.49% of 1590 companies
in the Software industry
Industry Median: 1.63 vs TSE:9640: 1.23

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.

Saison Technology Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円342.778. 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1,687.92 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Saison Technology Co  (TSE:9640) 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.


Saison Technology Co Cyclically Adjusted PS Ratio Related Terms


Saison Technology Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Saison Technology 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.

Saison Technology Co Cyclically Adjusted PS Ratio Chart

Saison Technology 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 1.08 1.04 1.12 1.02 1.34

Saison Technology 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 1.02 1.05 1.11 1.30 1.34

TSE:9640 vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Saison Technology 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.


Saison Technology Co Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:9640
67GF Score
Saison Technology Co Ltd TSE:9640
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saison Technology 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2069.00/1687.92
=1.23

* 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.

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

For example, Saison Technology 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)
=342.778/112.7000*112.7000
=342.778

Current CPI (Mar. 2026) = 112.7000.

Saison Technology Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 504.267 98.100 579.316
201609 469.558 98.000 539.992
201612 450.738 98.400 516.242
201703 490.543 98.100 563.549
201706 464.365 98.500 531.309
201709 473.223 98.800 539.800
201712 486.268 99.400 551.332
201803 452.297 99.200 513.850
201806 338.020 99.200 384.021
201809 362.797 99.900 409.282
201812 375.866 99.700 424.876
201903 382.674 99.700 432.571
201906 354.069 99.800 399.835
201909 353.089 100.100 397.534
201912 362.311 100.500 406.293
202003 384.912 100.300 432.498
202006 336.540 99.900 379.660
202009 352.933 99.900 398.154
202012 351.366 99.300 398.781
202103 348.056 99.900 392.652
202106 326.587 99.500 369.913
202109 366.760 100.100 412.926
202112 360.398 100.100 405.763
202203 379.540 101.100 423.088
202206 357.487 101.800 395.764
202209 366.528 103.100 400.657
202212 367.535 104.100 397.898
202303 387.041 104.400 417.812
202306 365.206 105.200 391.243
202309 375.496 106.200 398.478
202312 364.697 106.800 384.844
202403 367.796 107.200 386.666
202406 343.767 108.200 358.064
202409 371.717 108.900 384.688
202412 425.672 110.700 433.363
202503 363.913 111.100 369.154
202506 338.666 111.700 341.698
202509 338.144 112.000 340.257
202512 333.482 113.000 332.597
202603 342.778 112.700 342.778

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 1.23 mean?
Saison Technology Co (TSE:9640) has a Cyclically Adjusted PS Ratio of 1.23 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 Saison Technology Co and its competitors. This is 14% above median its historical median of 1.08. Over the past decade, Saison Technology Co's Cyclically Adjusted PS Ratio has ranged from 0.65 to 1.45. According to the industry distribution chart, Saison Technology Co ranks #660 out of 1590 companies in the Software industry, placing it in the top 41.5%.
Is Saison Technology Co's Cyclically Adjusted PS Ratio too high?
Saison Technology Co's current Cyclically Adjusted PS Ratio of 1.23 is 14% above median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 1.45. The Software industry median Cyclically Adjusted PS Ratio is 1.63. Saison Technology Co's value of 1.23 is 24.5% below this industry median. Based on the distribution chart, Saison Technology Co ranks #660 out of 1590 companies in the Software industry, which is above the industry midpoint. Overall, Saison Technology Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saison Technology Co's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Saison Technology Co ranks #660 out of 1590 companies for Cyclically Adjusted PS Ratio. This puts Saison Technology Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.63. Saison Technology Co's value of 1.23 is 24.5% below this benchmark. Historically, Saison Technology Co's own Cyclically Adjusted PS Ratio has ranged from 0.65 to 1.45 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 1.63, Saison Technology 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.63, 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. Saison Technology Co's current Cyclically Adjusted PS Ratio of 1.23 is 24.5% 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 Saison Technology Co and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saison Technology Co's current Cyclically Adjusted PS Ratio is 1.23, which is 14% above median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saison Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Saison Technology Co (TSE:9640) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,700.59, compared to a current price of 円2,069.00 — trading 21.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.23, which is 14% above median its 10-year median of 1.08 and 24.5% below the Software industry median of 1.63. Saison Technology Co's overall GF Score™ is 67/100 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 Saison Technology Co (TSE:9640), the current Cyclically Adjusted PS Ratio is 1.23 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 Saison Technology Co (TSE:9640) Overvalued in 2026?

Based on GuruFocus' analysis, Saison Technology Co stock appears to be overvalued. The current stock price of 円2,069.00 is trading 21.7% above its estimated GF Value™ of 円1,700.59. GuruFocus considers Saison Technology Co to be Modestly Overvalued.

Key valuation signals for TSE:9640:

  • Cyclically Adjusted PS Ratio: 1.23 (14% above median its 10-year median of 1.08)
  • GF Value™: 円1,700.59 vs. price of 円2,069.00 (21.7% above fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 24.5% below the Software median (#660 of 1590)

No single metric tells the full story. See the TSE:9640 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Saison Technology Co Business Description

Address 1-8-1 Akasaka, Minato-ku, 19th Floor, Akasaka Intercity AIR, Tokyo, JPN, 107-0052
Saison Technology Co Ltd is engaged in the Software package business, system development business, and operation business. The company is also involved in software package business. Its services include Service Platform Configuration/Operation, Multi-cloud Monitoring Service, Data Platform Business, Retail IT Service, and Financial IT Service.
67GF Score

Get the complete analysis for TSE:9640

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

円2,069.00
Price
円1,700.59
GF Value