Nishio Holdings Co (TSE:9699) Cyclically Adjusted PS Ratio: 0.65 (As of Jul. 31, 2026) — Near Median

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TSE:9699 Nishio Holdings Co Ltd TSE:9699
82 GF Score
Price 円4,410.00
GF Value 円4,804.15
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Nishio Holdings Co Cyclically Adjusted PS Ratio?

Nishio Holdings Co TSE:9699 +0.46% 82 Cyclically Adjusted PS Ratio is 0.65 as of Jul. 31, 2026, which is 3% below its 10-year median of 0.67. GuruFocus rates TSE:9699 with a GF Score™ of 82/100 and a GF Value™ of 円4,804.15 (Fairly Valued). The stock has 1 warning sign investors should review. Among 716 Business Services companies, Nishio Holdings Co ranks better than 59.78% on this metric.

As of today (2026-07-31), Nishio Holdings Co's current share price is 円4410.00. Nishio Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円6,767.24. Nishio Holdings Co's Cyclically Adjusted PS Ratio for today is 0.65.

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

TSE:9699' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.67   Max: 1.13
Current: 0.61

During the past years, Nishio Holdings Co's highest Cyclically Adjusted PS Ratio was 1.13. The lowest was 0.47. And the median was 0.67.

TSE:9699's Cyclically Adjusted PS Ratio is ranked better than
59.78% of 716 companies
in the Business Services industry
Industry Median: 0.91 vs TSE:9699: 0.61

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.

Nishio Holdings Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円3,884.916. 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6,767.24 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nishio Holdings Co  (TSE:9699) 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.


Nishio Holdings Co Cyclically Adjusted PS Ratio Related Terms


Nishio Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nishio 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.

Nishio Holdings Co Cyclically Adjusted PS Ratio Chart

Nishio Holdings Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.63 0.56 0.64 0.68 0.67

Nishio Holdings 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 0.67 0.64 0.67 0.73 0.64

TSE:9699 vs URI, SUNB, AER: Cyclically Adjusted PS Ratio Comparison

For the Rental & Leasing Services subindustry, Nishio 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.


Nishio Holdings Co Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Nishio Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9699
82GF Score
Nishio Holdings Co Ltd TSE:9699
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nishio 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4410.00/6767.24
=0.65

* 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.

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

For example, Nishio Holdings 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)
=3884.916/112.7000*112.7000
=3,884.916

Current CPI (Mar. 2026) = 112.7000.

Nishio Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 971.182 98.100 1,115.721
201609 1,081.717 98.000 1,243.975
201612 1,197.749 98.400 1,371.812
201703 1,232.337 98.100 1,415.743
201706 1,096.337 98.500 1,254.388
201709 1,218.869 98.800 1,390.350
201712 1,367.461 99.400 1,550.431
201803 1,309.507 99.200 1,487.716
201806 1,111.955 99.200 1,263.280
201809 1,291.699 99.900 1,457.202
201812 1,404.849 99.700 1,588.029
201903 1,406.770 99.700 1,590.200
201906 1,248.466 99.800 1,409.841
201909 1,441.071 100.100 1,622.465
201912 1,538.345 100.500 1,725.089
202003 1,471.916 100.300 1,653.888
202006 1,151.111 99.900 1,298.601
202009 1,285.046 99.900 1,449.697
202012 1,426.688 99.300 1,619.212
202103 1,460.857 99.900 1,648.034
202106 1,391.882 99.500 1,576.534
202109 1,545.618 100.100 1,740.171
202112 1,562.822 100.100 1,759.541
202203 1,553.691 101.100 1,731.958
202206 1,458.272 101.800 1,614.413
202209 1,570.184 103.100 1,716.389
202212 1,766.918 104.100 1,912.888
202303 1,637.676 104.400 1,767.874
202306 1,567.453 105.200 1,679.201
202309 1,714.167 106.200 1,819.083
202312 1,892.447 106.800 1,996.992
202403 1,761.377 107.200 1,851.746
202406 1,695.031 108.200 1,765.527
202409 1,817.003 108.900 1,880.406
202412 2,042.786 110.700 2,079.693
202503 1,974.181 111.100 2,002.612
202506 1,856.541 111.700 1,873.162
202509 1,867.195 112.000 1,878.865
202512 1,990.061 113.000 1,984.778
202603 3,884.916 112.700 3,884.916

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 0.65 mean?
Nishio Holdings Co (TSE:9699) has a Cyclically Adjusted PS Ratio of 0.65 as of Jul. 31, 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 Nishio Holdings Co and its competitors. This is near median its historical median of 0.67. Over the past decade, Nishio Holdings Co's Cyclically Adjusted PS Ratio has ranged from 0.47 to 1.13. According to the industry distribution chart, Nishio Holdings Co ranks #288 out of 716 companies in the Business Services industry, placing it in the top 40.2%.
Is Nishio Holdings Co's Cyclically Adjusted PS Ratio too high?
Nishio Holdings Co's current Cyclically Adjusted PS Ratio of 0.65 is near median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.13. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. Nishio Holdings Co's value of 0.65 is 28.6% below this industry median. Based on the distribution chart, Nishio Holdings Co ranks #288 out of 716 companies in the Business Services industry, which is above the industry midpoint. Overall, Nishio Holdings Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nishio Holdings Co's Cyclically Adjusted PS Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, Nishio Holdings Co ranks #288 out of 716 companies for Cyclically Adjusted PS Ratio. This puts Nishio Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Nishio Holdings Co's value of 0.65 is 28.6% below this benchmark. Historically, Nishio Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 0.47 to 1.13 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 0.91, Nishio Holdings 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 716 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. Nishio Holdings Co's current Cyclically Adjusted PS Ratio of 0.65 is 28.6% 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 Nishio Holdings Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nishio Holdings Co's current Cyclically Adjusted PS Ratio is 0.65, which is near median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nishio Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nishio Holdings Co (TSE:9699) is currently considered Fairly Valued. The stock's GF Value™ is 円4,804.15, compared to a current price of 円4,410.00 — trading 8.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.65, which is near median its 10-year median of 0.67 and 28.6% below the Business Services industry median of 0.91. Nishio Holdings Co's overall GF Score™ is 82/100 with 1 warning sign 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 Nishio Holdings Co (TSE:9699), the current Cyclically Adjusted PS Ratio is 0.65 as of Jul. 31, 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 Nishio Holdings Co (TSE:9699) Overvalued in 2026?

Based on GuruFocus' analysis, Nishio Holdings Co stock appears to be undervalued. The current stock price of 円4,410.00 is trading 8.2% below its estimated GF Value™ of 円4,804.15. GuruFocus considers Nishio Holdings Co to be Fairly Valued.

Key valuation signals for TSE:9699:

  • Cyclically Adjusted PS Ratio: 0.65 (near median its 10-year median of 0.67)
  • GF Value™: 円4,804.15 vs. price of 円4,410.00 (8.2% below fair value)
  • GF Score™: 82/100 with 1 warning sign
  • Industry Position: 28.6% below the Business Services median (#288 of 716)

No single metric tells the full story. See the TSE:9699 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nishio Holdings Co Business Description

Address No. 1-11-17, Higashi Shinsaibashi, Chou-ku, Osaka, JPN, 542-0083
Nishio Holdings Co Ltd is a provider of rental construction and industrial machinery. The company offers rental solutions for construction and industrial machinery, mounting and tunnelling machines for mining operations, and water purification and recycling equipment. The company, through its subsidiaries, also designs, manufactures, and repairs tunnelling machines and other special vehicles, such as special transfer locomotives and battery-driven vehicles at construction sites. The company operates in Asia.
82GF Score

Get the complete analysis for TSE:9699

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

円4,410.00
Price
円4,804.15
GF Value