TKC (TSE:9746) Cyclically Adjusted PS Ratio: 2.64 (As of Jul. 27, 2026) — Near 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:9746 TKC Corp TSE:9746
82 GF Score
Price 円3,815.00
GF Value 円4,610.63
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is TKC Cyclically Adjusted PS Ratio?

TKC TSE:9746 +4.38% 82 Cyclically Adjusted PS Ratio is 2.64 as of Jul. 27, 2026, which is 6% below its 10-year median of 2.80. GuruFocus rates TSE:9746 with a GF Score™ of 82/100 and a GF Value™ of 円4,610.63 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,591 Software companies, TKC ranks worse than 61.53% on this metric.

As of today (2026-07-27), TKC's current share price is 円3815.00. TKC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,445.48. TKC's Cyclically Adjusted PS Ratio for today is 2.64.

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

TSE:9746' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.47   Med: 2.8   Max: 3.46
Current: 2.53

During the past years, TKC's highest Cyclically Adjusted PS Ratio was 3.46. The lowest was 1.47. And the median was 2.80.

TSE:9746's Cyclically Adjusted PS Ratio is ranked worse than
61.53% of 1591 companies
in the Software industry
Industry Median: 1.59 vs TSE:9746: 2.53

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.

TKC's adjusted revenue per share data for the three months ended in Mar. 2026 was 円443.972. 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1,445.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TKC  (TSE:9746) 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.


TKC Cyclically Adjusted PS Ratio Related Terms


TKC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TKC'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.

TKC Cyclically Adjusted PS Ratio Chart

TKC 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 3.07 2.86 2.88 2.88 3.00

TKC 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 2.81 3.04 3.00 3.00 2.56

TSE:9746 vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, TKC'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.


TKC Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, TKC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9746
82GF Score
TKC Corp TSE:9746
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TKC 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.

TKC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3815.00/1445.48
=2.64

* 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.

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

For example, TKC'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)
=443.972/112.7000*112.7000
=443.972

Current CPI (Mar. 2026) = 112.7000.

TKC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 262.335 98.100 301.378
201609 263.357 98.000 302.861
201612 251.527 98.400 288.080
201703 314.920 98.100 361.789
201706 270.954 98.500 310.015
201709 284.561 98.800 324.595
201712 276.873 99.400 313.919
201803 295.444 99.200 335.651
201806 282.314 99.200 320.734
201809 308.192 99.900 347.680
201812 266.927 99.700 301.732
201903 336.262 99.700 380.108
201906 300.890 99.800 339.783
201909 350.444 100.100 394.556
201912 310.473 100.500 348.162
202003 357.962 100.300 402.217
202006 307.665 99.900 347.086
202009 314.033 99.900 354.269
202012 282.271 99.300 320.362
202103 351.788 99.900 396.862
202106 307.609 99.500 348.417
202109 315.552 100.100 355.272
202112 291.082 100.100 327.722
202203 352.427 101.100 392.864
202206 316.109 101.800 349.956
202209 333.759 103.100 364.836
202212 322.512 104.100 349.156
202303 365.117 104.400 394.145
202306 339.651 105.200 363.866
202309 344.668 106.200 365.763
202312 328.379 106.800 346.520
202403 382.047 107.200 401.648
202406 347.467 108.200 361.918
202409 384.548 108.900 397.967
202412 336.222 110.700 342.296
202503 417.515 111.100 423.528
202506 396.834 111.700 400.387
202509 459.521 112.000 462.393
202512 471.614 113.000 470.362
202603 443.972 112.700 443.972

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 2.64 mean?
TKC (TSE:9746) has a Cyclically Adjusted PS Ratio of 2.64 as of Jul. 27, 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 TKC and its competitors. This is near median its historical median of 2.80. Over the past decade, TKC's Cyclically Adjusted PS Ratio has ranged from 1.47 to 3.46. According to the industry distribution chart, TKC ranks #979 out of 1591 companies in the Software industry, placing it in the top 61.5%.
Is TKC's Cyclically Adjusted PS Ratio too high?
TKC's current Cyclically Adjusted PS Ratio of 2.64 is near median its 10-year median of 2.80. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 3.46. The Software industry median Cyclically Adjusted PS Ratio is 1.59. TKC's value of 2.64 is 66% above this industry median. Based on the distribution chart, TKC ranks #979 out of 1591 companies in the Software industry, which is below the industry midpoint. Overall, TKC has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TKC's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, TKC ranks #979 out of 1591 companies for Cyclically Adjusted PS Ratio. This places TKC in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.59. TKC's value of 2.64 is 66% above this benchmark. Historically, TKC's own Cyclically Adjusted PS Ratio has ranged from 1.47 to 3.46 over the past decade. While the company's 10-year median is 2.80 vs. the industry median of 1.59, TKC 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.59, based on 1,591 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. TKC's current Cyclically Adjusted PS Ratio of 2.64 is 66% 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 TKC and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TKC's current Cyclically Adjusted PS Ratio is 2.64, which is near median its own 10-year median of 2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TKC stock overvalued right now?
Based on GuruFocus' analysis, TKC (TSE:9746) is currently considered Modestly Undervalued. The stock's GF Value™ is 円4,610.63, compared to a current price of 円3,815.00 — trading 17.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.64, which is near median its 10-year median of 2.80 and 66% above the Software industry median of 1.59. TKC'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 TKC (TSE:9746), the current Cyclically Adjusted PS Ratio is 2.64 as of Jul. 27, 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 TKC (TSE:9746) Overvalued in 2026?

Based on GuruFocus' analysis, TKC stock appears to be undervalued. The current stock price of 円3,815.00 is trading 17.3% below its estimated GF Value™ of 円4,610.63. GuruFocus considers TKC to be Modestly Undervalued.

Key valuation signals for TSE:9746:

  • Cyclically Adjusted PS Ratio: 2.64 (near median its 10-year median of 2.80)
  • GF Value™: 円4,610.63 vs. price of 円3,815.00 (17.3% below fair value)
  • GF Score™: 82/100 with 1 warning sign
  • Industry Position: 66% above the Software median (#979 of 1591)

No single metric tells the full story. See the TSE:9746 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TKC Business Description

Address 1758 Tsurutamachi, Utsunomiya-shi, Tochigi, JPN, 320-0851
TKC Corp provides a variety of information technology, or IT, services. The firm's computer services include batch processing and printing, data storage, and download management. TKC's Internet services include Internet management, cloud computing, database management, data storage, data backup, and data security. The company's other services include software development, system device sales, systems consulting services, and general education and training services. TKC generates the majority of its sales revenue from accounting firms and local governments.
82GF Score

Get the complete analysis for TSE:9746

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

円3,815.00
Price
円4,610.63
GF Value