The Kyoto Hotel (TSE:9723) Cyclically Adjusted PS Ratio: 0.77 (As of Sep. 13, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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TSE:9723 The Kyoto Hotel Ltd TSE:9723
68 GF Score
Price 円633.00
GF Value 円808.35
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is The Kyoto Hotel Cyclically Adjusted PS Ratio?

The Kyoto Hotel TSE:9723 68 Cyclically Adjusted PS Ratio is 0.77 as of Sep. 13, 2026, which is 3% above its 10-year median of 0.75. GuruFocus rates TSE:9723 with a GF Score™ of 68/100 and a GF Value™ of 円808.35 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 675 Travel & Leisure companies, The Kyoto Hotel ranks better than 65.48% on this metric.

As of today (2026-09-13), The Kyoto Hotel's current share price is 円633.00. The Kyoto Hotel's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円823.86. The Kyoto Hotel's Cyclically Adjusted PS Ratio for today is 0.77.

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

TSE:9723' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.75   Max: 1.02
Current: 0.77

During the past years, The Kyoto Hotel's highest Cyclically Adjusted PS Ratio was 1.02. The lowest was 0.51. And the median was 0.75.

TSE:9723's Cyclically Adjusted PS Ratio is ranked better than
65.48% of 675 companies
in the Travel & Leisure industry
Industry Median: 1.3 vs TSE:9723: 0.77

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.

The Kyoto Hotel's adjusted revenue per share data for the three months ended in Mar. 2026 was 円194.136. 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823.86 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Kyoto Hotel  (TSE:9723) 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.


The Kyoto Hotel Cyclically Adjusted PS Ratio Related Terms


The Kyoto Hotel Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for The Kyoto Hotel'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.

The Kyoto Hotel Cyclically Adjusted PS Ratio Chart

The Kyoto Hotel Annual Data
Trend Dec17 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 0.69 0.84 0.91 0.00 0.80

The Kyoto Hotel Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 0.75 0.76 0.74 0.80 0.00

TSE:9723 vs MAR, HLT, H: Cyclically Adjusted PS Ratio Comparison

For the Lodging subindustry, The Kyoto Hotel'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.


The Kyoto Hotel Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, The Kyoto Hotel's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where The Kyoto Hotel's Cyclically Adjusted PS Ratio falls into.


TSE:9723
68GF Score
The Kyoto Hotel Ltd TSE:9723
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Kyoto Hotel 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.

The Kyoto Hotel's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=633.00/823.86
=0.77

* 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.

The Kyoto Hotel's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, The Kyoto Hotel'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)
=194.136/112.7000*112.7000
=194.136

Current CPI (Mar. 2026) = 112.7000.

The Kyoto Hotel Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 291.462 98.100 334.840
201603 232.500 97.900 267.648
201606 244.791 98.100 281.223
201609 215.630 98.000 247.975
201612 277.835 98.400 318.211
201703 216.923 98.100 249.207
201706 243.091 98.500 278.136
201709 197.444 98.800 225.222
201712 266.235 99.400 301.858
201803 0.000 99.200 0.000
201806 250.645 99.200 284.755
201809 203.285 99.900 229.332
201812 268.660 99.700 303.691
201903 230.735 99.700 260.821
201906 251.302 99.800 283.785
201909 204.156 100.100 229.854
201912 256.619 100.500 287.771
202003 155.833 100.300 175.098
202006 31.045 99.900 35.023
202009 82.474 99.900 93.041
202012 156.420 99.300 177.528
202103 70.750 99.900 79.815
202106 62.459 99.500 70.745
202109 67.186 100.100 75.643
202112 134.915 100.100 151.897
202203 89.181 101.100 99.413
202206 130.543 101.800 144.521
202209 117.850 103.100 128.823
202212 196.681 104.100 212.929
202303 164.149 104.400 177.199
202306 191.124 105.200 204.750
202309 159.873 106.200 169.658
202312 223.662 106.800 236.018
202403 182.745 107.200 192.121
202409 0.000 108.900 0.000
202503 0.000 111.100 0.000
202506 210.993 111.700 212.882
202509 158.779 112.000 159.771
202512 246.048 113.000 245.395
202603 194.136 112.700 194.136

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 0.77 mean?
The Kyoto Hotel (TSE:9723) has a Cyclically Adjusted PS Ratio of 0.77 as of Sep. 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 The Kyoto Hotel and its competitors. This is near median its historical median of 0.75. Over the past decade, The Kyoto Hotel's Cyclically Adjusted PS Ratio has ranged from 0.51 to 1.02. According to the industry distribution chart, The Kyoto Hotel ranks #233 out of 675 companies in the Travel & Leisure industry, placing it in the top 34.5%.
Is The Kyoto Hotel's Cyclically Adjusted PS Ratio too high?
The Kyoto Hotel's current Cyclically Adjusted PS Ratio of 0.77 is near median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.02. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.30. The Kyoto Hotel's value of 0.77 is 40.8% below this industry median. Based on the distribution chart, The Kyoto Hotel ranks #233 out of 675 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, The Kyoto Hotel has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Kyoto Hotel's Cyclically Adjusted PS Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, The Kyoto Hotel ranks #233 out of 675 companies for Cyclically Adjusted PS Ratio. This puts The Kyoto Hotel in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.30. The Kyoto Hotel's value of 0.77 is 40.8% below this benchmark. Historically, The Kyoto Hotel's own Cyclically Adjusted PS Ratio has ranged from 0.51 to 1.02 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 1.30, The Kyoto Hotel 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 Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.30, based on 675 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. The Kyoto Hotel's current Cyclically Adjusted PS Ratio of 0.77 is 40.8% 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 The Kyoto Hotel and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Kyoto Hotel's current Cyclically Adjusted PS Ratio is 0.77, which is near median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Kyoto Hotel stock overvalued right now?
Based on GuruFocus' analysis, The Kyoto Hotel (TSE:9723) is currently considered Modestly Undervalued. The stock's GF Value™ is 円808.35, compared to a current price of 円633.00 — trading 21.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.77, which is near median its 10-year median of 0.75 and 40.8% below the Travel & Leisure industry median of 1.30. The Kyoto Hotel's overall GF Score™ is 68/100 with 6 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 The Kyoto Hotel (TSE:9723), the current Cyclically Adjusted PS Ratio is 0.77 as of Sep. 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 The Kyoto Hotel (TSE:9723) Overvalued in 2026?

Based on GuruFocus' analysis, The Kyoto Hotel stock appears to be undervalued. The current stock price of 円633.00 is trading 21.7% below its estimated GF Value™ of 円808.35. GuruFocus considers The Kyoto Hotel to be Modestly Undervalued.

Key valuation signals for TSE:9723:

  • Cyclically Adjusted PS Ratio: 0.77 (near median its 10-year median of 0.75)
  • GF Value™: 円808.35 vs. price of 円633.00 (21.7% below fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 40.8% below the Travel & Leisure median (#233 of 675)

No single metric tells the full story. See the TSE:9723 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Kyoto Hotel Business Description

Address 537-4, Ichinofunairi-cho, Nijo minami-iru, Kawaramachi-dori, Nakagyo-ku, Kyoto, JPN, 604-8558
The Kyoto Hotel Ltd operates hotels & banquet halls in Japan. The Company manages restaurants & bars under the names of Kyoto Hotel Okura and Karasuma Kyoto Hotel. It operates in four divisions: accommodation, banquet, restaurant & others division. It also has the online shop.
68GF Score

Get the complete analysis for TSE:9723

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

円633.00
Price
円808.35
GF Value