Kabuki-Za Co (TSE:9661) Cyclically Adjusted PS Ratio: 14.45 (As of Sep. 03, 2026) — 10% 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:9661 Kabuki-Za Co Ltd TSE:9661
78 GF Score
Price 円4,340.00
GF Value 円5,868.75
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Kabuki-Za Co Cyclically Adjusted PS Ratio?

Kabuki-Za Co TSE:9661 +0.12% 78 Cyclically Adjusted PS Ratio is 14.45 as of Sep. 03, 2026, which is 10% below its 10-year median of 16.04. GuruFocus rates TSE:9661 with a GF Score™ of 78/100 and a GF Value™ of 円5,868.75 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,364 Real Estate companies, Kabuki-Za Co ranks worse than 94.65% on this metric.

As of today (2026-09-03), Kabuki-Za Co's current share price is 円4340.00. Kabuki-Za Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was 円300.39. Kabuki-Za Co's Cyclically Adjusted PS Ratio for today is 14.45.

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

TSE:9661' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 14.46   Med: 16.04   Max: 22.96
Current: 14.46

During the past years, Kabuki-Za Co's highest Cyclically Adjusted PS Ratio was 22.96. The lowest was 14.46. And the median was 16.04.

TSE:9661's Cyclically Adjusted PS Ratio is ranked worse than
94.65% of 1364 companies
in the Real Estate industry
Industry Median: 1.77 vs TSE:9661: 14.46

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.

Kabuki-Za Co's adjusted revenue per share data for the three months ended in Feb. 2026 was 円77.503. 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300.39 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kabuki-Za Co  (TSE:9661) 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.


Kabuki-Za Co Cyclically Adjusted PS Ratio Related Terms


Kabuki-Za Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kabuki-Za 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.

Kabuki-Za Co Cyclically Adjusted PS Ratio Chart

Kabuki-Za Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.80 14.66 15.25 0.00 15.03

Kabuki-Za Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 14.90 14.92 15.02 15.03 0.00

TSE:9661 vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Kabuki-Za 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.


Kabuki-Za Co Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Kabuki-Za Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9661
78GF Score
Kabuki-Za Co Ltd TSE:9661
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kabuki-Za 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.

Kabuki-Za Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4340.00/300.39
=14.45

* 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.

Kabuki-Za Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, Kabuki-Za Co's adjusted Revenue per Share data for the three months ended in Feb. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=77.503/112.2000*112.2000
=77.503

Current CPI (Feb. 2026) = 112.2000.

Kabuki-Za Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201602 84.355 97.800 96.775
201605 82.753 98.200 94.551
201608 84.270 97.900 96.579
201611 86.892 98.600 98.877
201702 85.539 98.100 97.834
201705 82.803 98.600 94.224
201708 83.311 98.500 94.898
201711 78.242 99.100 88.585
201802 86.090 99.500 97.078
201805 77.742 99.300 87.841
201808 79.947 99.800 89.880
201811 83.012 100.000 93.139
201902 78.637 99.700 88.496
201905 76.945 100.000 86.332
201908 80.214 100.000 90.000
201911 75.499 100.500 84.288
202002 76.600 100.300 85.688
202005 34.364 100.100 38.518
202008 40.118 100.100 44.967
202011 49.738 99.500 56.086
202102 49.803 99.800 55.991
202105 48.564 99.400 54.818
202108 51.113 99.700 57.521
202111 50.552 100.100 56.663
202202 53.568 100.700 59.685
202205 51.005 101.800 56.216
202208 51.573 102.700 56.344
202211 59.586 103.900 64.346
202302 60.772 104.000 65.564
202305 61.838 105.100 66.015
202308 62.706 105.900 66.436
202311 61.251 106.900 64.288
202402 66.087 106.900 69.364
202405 62.605 108.100 64.979
202408 64.763 109.100 66.603
202502 0.000 110.800 0.000
202505 70.411 111.800 70.663
202508 77.097 112.100 77.166
202511 74.695 113.200 74.035
202602 77.503 112.200 77.503

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 14.45 mean?
Kabuki-Za Co (TSE:9661) has a Cyclically Adjusted PS Ratio of 14.45 as of Sep. 03, 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 Kabuki-Za Co and its competitors. This is 10% below median its historical median of 16.04. Over the past decade, Kabuki-Za Co's Cyclically Adjusted PS Ratio has ranged from 14.46 to 22.96. According to the industry distribution chart, Kabuki-Za Co ranks #1291 out of 1364 companies in the Real Estate industry, placing it in the top 94.6%.
Is Kabuki-Za Co's Cyclically Adjusted PS Ratio too high?
Kabuki-Za Co's current Cyclically Adjusted PS Ratio of 14.45 is 10% below median its 10-year median of 16.04. Over the past 10 years, this metric has ranged from a low of 14.46 to a high of 22.96. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.77. Kabuki-Za Co's value of 14.45 is 716.4% above this industry median. Based on the distribution chart, Kabuki-Za Co ranks #1291 out of 1364 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Kabuki-Za Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kabuki-Za Co's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Kabuki-Za Co ranks #1291 out of 1364 companies for Cyclically Adjusted PS Ratio. This places Kabuki-Za Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.77. Kabuki-Za Co's value of 14.45 is 716.4% above this benchmark. Historically, Kabuki-Za Co's own Cyclically Adjusted PS Ratio has ranged from 14.46 to 22.96 over the past decade. While the company's 10-year median is 16.04 vs. the industry median of 1.77, Kabuki-Za Co 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.77, based on 1,364 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. Kabuki-Za Co's current Cyclically Adjusted PS Ratio of 14.45 is 716.4% 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 Kabuki-Za Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kabuki-Za Co's current Cyclically Adjusted PS Ratio is 14.45, which is 10% below median its own 10-year median of 16.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kabuki-Za Co stock overvalued right now?
Based on GuruFocus' analysis, Kabuki-Za Co (TSE:9661) is currently considered Modestly Undervalued. The stock's GF Value™ is 円5,868.75, compared to a current price of 円4,340.00 — trading 26% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 14.45, which is 10% below median its 10-year median of 16.04 and 716.4% above the Real Estate industry median of 1.77. Kabuki-Za Co's overall GF Score™ is 78/100 with 2 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 Kabuki-Za Co (TSE:9661), the current Cyclically Adjusted PS Ratio is 14.45 as of Sep. 03, 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 Kabuki-Za Co (TSE:9661) Overvalued in 2026?

Based on GuruFocus' analysis, Kabuki-Za Co stock appears to be undervalued. The current stock price of 円4,340.00 is trading 26% below its estimated GF Value™ of 円5,868.75. GuruFocus considers Kabuki-Za Co to be Modestly Undervalued.

Key valuation signals for TSE:9661:

  • Cyclically Adjusted PS Ratio: 14.45 (10% below median its 10-year median of 16.04)
  • GF Value™: 円5,868.75 vs. price of 円4,340.00 (26% below fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 716.4% above the Real Estate median (#1291 of 1364)

No single metric tells the full story. See the TSE:9661 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kabuki-Za Co Business Description

Address 4-12-15 Ginza, Chuo-ku, Tokyo, JPN, 104-0061
Kabuki-Za Co Ltd is a Japan-based company with its main business in the leasing of real estate, the operation of restaurants and shops, the producing and screening of movies, and live theater. The company operates in three business segments: real estate leasing, which operates in the leasing of theaters, buildings, and parking lots; restaurant and food service, which focuses on the operation of restaurants inside and outside of the theaters under the group; and the shop segment, which is involved in the retail business of Kabuki-related products inside the theaters.
78GF Score

Get the complete analysis for TSE:9661

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

円4,340.00
Price
円5,868.75
GF Value