Square Enix Holdings Co (TSE:9684) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:9684 Square Enix Holdings Co Ltd TSE:9684
75 GF Score
Price 円2,994.00
GF Value 円2,091.24
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Square Enix Holdings Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Square Enix Holdings Co  (TSE:9684) 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.


Square Enix Holdings Co Cyclically Adjusted PS Ratio Related Terms


Square Enix Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Square Enix 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.

Square Enix Holdings Co Cyclically Adjusted PS Ratio Chart

Square Enix 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 2.62 2.78 2.35 2.58 2.71

Square Enix 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 3.96 3.47 3.08 2.70 2.56

TSE:9684 vs NTES, TTWO, RBLX: Cyclically Adjusted PS Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Square Enix 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.


Square Enix Holdings Co Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Square Enix Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9684
75GF Score
Square Enix Holdings Co Ltd TSE:9684
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Square Enix 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.

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

For example, Square Enix Holdings Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=217.375/113.6000*113.6000
=217.375

Current CPI (Jun. 2026) = 113.6000.

Square Enix Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 146.002 98.000 169.243
201612 221.195 98.400 255.363
201703 183.233 98.100 212.184
201706 155.686 98.500 179.553
201709 211.672 98.800 243.380
201712 158.717 99.400 181.391
201803 174.935 99.200 200.329
201806 126.903 99.200 145.324
201809 181.669 99.900 206.583
201812 190.277 99.700 216.805
201903 244.738 99.700 278.859
201906 154.477 99.800 175.838
201909 191.762 100.100 217.624
201912 194.764 100.500 220.151
202003 199.116 100.300 225.519
202006 244.009 99.900 277.472
202009 232.823 99.900 264.752
202012 222.812 99.300 254.899
202103 221.269 99.900 251.613
202106 246.761 99.500 281.729
202109 223.538 100.100 253.685
202112 291.372 100.100 330.668
202203 254.973 101.100 286.498
202206 208.301 101.800 232.446
202209 246.120 103.100 271.186
202212 256.176 104.100 279.554
202303 243.379 104.400 264.826
202306 238.053 105.200 257.061
202309 239.997 106.200 256.720
202312 237.752 106.800 252.890
202403 274.344 107.200 290.723
202406 194.230 108.200 203.924
202409 242.758 108.900 253.235
202412 252.457 110.700 259.071
202503 210.899 111.100 215.645
202506 164.351 111.700 167.147
202509 206.770 112.000 209.724
202512 226.029 113.000 227.229
202603 227.897 112.700 229.717
202606 217.375 113.600 217.375

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.

Is Square Enix Holdings Co (TSE:9684) Overvalued in 2026?

Based on GuruFocus' analysis, Square Enix Holdings Co stock appears to be overvalued. The current stock price of 円2,994.00 is trading 43.2% above its estimated GF Value™ of 円2,091.24. GuruFocus considers Square Enix Holdings Co to be Significantly Overvalued.

Key valuation signals for TSE:9684:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円2,091.24 vs. price of 円2,994.00 (43.2% above fair value)
  • GF Score™: 75/100 with 1 warning sign

No single metric tells the full story. See the TSE:9684 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Square Enix Holdings Co Business Description

Address 6-27-30 Shinjuku, Shinjuku East Side Square, Shinjuku-ku, Tokyo, JPN, 160-8430
Square Enix is a Japanese video game publisher and entertainment company that was formed in 2003 through the merger between Square and Enix. The company is best known for its role-playing game franchises such as Final Fantasy, Dragon Quest, Kingdom Hearts, and Nier. The company also operates publishing, merchandise, and amusement businesses.
75GF Score

Get the complete analysis for TSE:9684

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

円2,994.00
Price
円2,091.24
GF Value