Japan Airport Terminal Co (TSE:9706) Cyclically Adjusted PS Ratio: 2.41 (As of Aug. 13, 2026) — Near Median

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TSE:9706 Japan Airport Terminal Co Ltd TSE:9706
79 GF Score
Price 円5,801.00
GF Value 円6,213.04
Valuation Fairly Valued
! 7 Warning Signs
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What is Japan Airport Terminal Co Cyclically Adjusted PS Ratio?

Japan Airport Terminal Co TSE:9706 79 Cyclically Adjusted PS Ratio is 2.41 as of Aug. 13, 2026, which is 6% above its 10-year median of 2.27. GuruFocus rates TSE:9706 with a GF Score™ of 79/100 and a GF Value™ of 円6,213.04 (Fairly Valued). The stock has 7 warning signs investors should review. Among 764 Transportation companies, Japan Airport Terminal Co ranks worse than 77.09% on this metric.

As of today (2026-08-13), Japan Airport Terminal Co's current share price is 円5801.00. Japan Airport Terminal Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,405.85. Japan Airport Terminal Co's Cyclically Adjusted PS Ratio for today is 2.41.

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

TSE:9706' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.58   Med: 2.27   Max: 3.41
Current: 2.41

During the past years, Japan Airport Terminal Co's highest Cyclically Adjusted PS Ratio was 3.41. The lowest was 1.58. And the median was 2.27.

TSE:9706's Cyclically Adjusted PS Ratio is ranked worse than
77.09% of 764 companies
in the Transportation industry
Industry Median: 0.91 vs TSE:9706: 2.41

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.

Japan Airport Terminal Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円783.104. 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2,405.85 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Airport Terminal Co  (TSE:9706) 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.


Japan Airport Terminal Co Cyclically Adjusted PS Ratio Related Terms


Japan Airport Terminal Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Japan Airport Terminal 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.

Japan Airport Terminal Co Cyclically Adjusted PS Ratio Chart

Japan Airport Terminal 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 2.65 3.12 2.68 1.76 2.14

Japan Airport Terminal 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 1.96 1.99 1.82 2.14 0.00

TSE:9706 vs JOBY, CAAP: Cyclically Adjusted PS Ratio Comparison

For the Airports & Air Services subindustry, Japan Airport Terminal 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.


Japan Airport Terminal Co Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Japan Airport Terminal Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Japan Airport Terminal Co's Cyclically Adjusted PS Ratio falls into.


TSE:9706
79GF Score
Japan Airport Terminal Co Ltd TSE:9706
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Airport Terminal 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.

Japan Airport Terminal Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5801.00/2405.85
=2.41

* 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.

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

For example, Japan Airport Terminal 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)
=783.104/112.7000*112.7000
=783.104

Current CPI (Mar. 2026) = 112.7000.

Japan Airport Terminal Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 574.291 98.100 659.761
201609 598.391 98.000 688.150
201612 607.636 98.400 695.941
201703 625.704 98.100 718.826
201706 607.947 98.500 695.590
201709 662.046 98.800 755.188
201712 688.813 99.400 780.978
201803 696.180 99.200 790.922
201806 801.214 99.200 910.250
201809 814.932 99.900 919.348
201812 821.990 99.700 929.170
201903 778.803 99.700 880.352
201906 794.616 99.800 897.327
201909 794.004 100.100 893.949
201912 800.312 100.500 897.464
202003 570.062 100.300 640.538
202006 107.906 99.900 121.732
202009 166.519 99.900 187.855
202012 214.557 99.300 243.510
202103 137.980 99.900 155.659
202106 128.736 99.500 145.815
202109 149.285 100.100 168.076
202112 179.231 100.100 201.792
202203 155.328 101.100 173.150
202206 207.954 101.800 230.220
202209 260.294 103.100 284.531
202212 348.025 104.100 376.776
202303 397.507 104.400 429.110
202306 493.848 105.200 529.056
202309 581.412 106.200 616.997
202312 632.097 106.800 667.016
202403 628.758 107.200 661.017
202406 701.505 108.200 730.680
202409 713.790 108.900 738.697
202412 750.815 110.700 764.380
202503 735.723 111.100 746.318
202506 743.582 111.700 750.239
202509 781.773 112.000 786.659
202512 814.535 113.000 812.373
202603 783.104 112.700 783.104

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 2.41 mean?
Japan Airport Terminal Co (TSE:9706) has a Cyclically Adjusted PS Ratio of 2.41 as of Aug. 13, 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 Japan Airport Terminal Co and its competitors. This is near median its historical median of 2.27. Over the past decade, Japan Airport Terminal Co's Cyclically Adjusted PS Ratio has ranged from 1.58 to 3.41. According to the industry distribution chart, Japan Airport Terminal Co ranks #589 out of 764 companies in the Transportation industry, placing it in the top 77.1%.
Is Japan Airport Terminal Co's Cyclically Adjusted PS Ratio too high?
Japan Airport Terminal Co's current Cyclically Adjusted PS Ratio of 2.41 is near median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 3.41. The Transportation industry median Cyclically Adjusted PS Ratio is 0.91. Japan Airport Terminal Co's value of 2.41 is 164.8% above this industry median. Based on the distribution chart, Japan Airport Terminal Co ranks #589 out of 764 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Japan Airport Terminal Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Airport Terminal Co's Cyclically Adjusted PS Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Japan Airport Terminal Co ranks #589 out of 764 companies for Cyclically Adjusted PS Ratio. This places Japan Airport Terminal Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Japan Airport Terminal Co's value of 2.41 is 164.8% above this benchmark. Historically, Japan Airport Terminal Co's own Cyclically Adjusted PS Ratio has ranged from 1.58 to 3.41 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 0.91, Japan Airport Terminal 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.91, based on 764 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. Japan Airport Terminal Co's current Cyclically Adjusted PS Ratio of 2.41 is 164.8% 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 Japan Airport Terminal Co and its competitors. For the Transportation 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. Japan Airport Terminal Co's current Cyclically Adjusted PS Ratio is 2.41, which is near median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Airport Terminal Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Airport Terminal Co (TSE:9706) is currently considered Fairly Valued. The stock's GF Value™ is 円6,213.04, compared to a current price of 円5,801.00 — trading 6.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.41, which is near median its 10-year median of 2.27 and 164.8% above the Transportation industry median of 0.91. Japan Airport Terminal Co's overall GF Score™ is 79/100 with 7 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 Japan Airport Terminal Co (TSE:9706), the current Cyclically Adjusted PS Ratio is 2.41 as of Aug. 13, 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 Japan Airport Terminal Co (TSE:9706) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Airport Terminal Co stock appears to be undervalued. The current stock price of 円5,801.00 is trading 6.6% below its estimated GF Value™ of 円6,213.04. GuruFocus considers Japan Airport Terminal Co to be Fairly Valued.

Key valuation signals for TSE:9706:

  • Cyclically Adjusted PS Ratio: 2.41 (near median its 10-year median of 2.27)
  • GF Value™: 円6,213.04 vs. price of 円5,801.00 (6.6% below fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 164.8% above the Transportation median (#589 of 764)

No single metric tells the full story. See the TSE:9706 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Airport Terminal Co Business Description

Other Exchanges JTTRY:USA0JA:Germany
Address 3-3-2 Haneda Airport, Terminal 1, Ota-ku, Tokyo, JPN, 144-0041
Japan Airport Terminal Co Ltd is a Japanese airport operations company. It is engaged in the management and operation of passenger terminals and the provision of related services at airports, mainly Haneda and Narita. The company has three reportable segments: Facility Management and Operation, Merchandise Sales, and Food and Beverage. The Facility Management and Operation segment provides leasing, maintenance, repairs, and terminal operations; the Merchandise Sales segment sells and wholesales products to air passengers and terminal-building companies; and the Food and Beverage segment operates airport and in-flight food services. The company focuses on improving passenger experience and operational resilience through service quality and facility upgrades.
79GF Score

Get the complete analysis for TSE:9706

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

円5,801.00
Price
円6,213.04
GF Value