Nikken Kogaku Co (TSE:9767) Cyclically Adjusted PS Ratio: 0.31 (As of Jul. 27, 2026) — Near Median

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TSE:9767 Nikken Kogaku Co Ltd TSE:9767
72 GF Score
Price 円1,486.00
GF Value 円1,572.98
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Nikken Kogaku Co Cyclically Adjusted PS Ratio?

Nikken Kogaku Co TSE:9767 -0.93% 72 Cyclically Adjusted PS Ratio is 0.31 as of Jul. 27, 2026, which is at its 10-year median of 0.31. GuruFocus rates TSE:9767 with a GF Score™ of 72/100 and a GF Value™ of 円1,572.98 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,357 Construction companies, Nikken Kogaku Co ranks better than 74.36% on this metric.

As of today (2026-07-27), Nikken Kogaku Co's current share price is 円1486.00. Nikken Kogaku Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was 円4,724.58. Nikken Kogaku Co's Cyclically Adjusted PS Ratio for today is 0.31.

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

TSE:9767' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.31   Max: 0.54
Current: 0.31

During the past 13 years, Nikken Kogaku Co's highest Cyclically Adjusted PS Ratio was 0.54. The lowest was 0.15. And the median was 0.31.

TSE:9767's Cyclically Adjusted PS Ratio is ranked better than
74.36% of 1357 companies
in the Construction industry
Industry Median: 0.7 vs TSE:9767: 0.31

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.

Nikken Kogaku Co's adjusted revenue per share data of for the fiscal year that ended in Mar26 was 円3,409.134. 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4,724.58 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nikken Kogaku Co  (TSE:9767) 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.


Nikken Kogaku Co Cyclically Adjusted PS Ratio Related Terms


Nikken Kogaku Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nikken Kogaku 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.

Nikken Kogaku Co Cyclically Adjusted PS Ratio Chart

Nikken Kogaku 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 0.33 0.26 0.32 0.28 0.43

Nikken Kogaku Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.32 0.00 0.28 0.00 0.43

TSE:9767 vs TT, JCI, CARR: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, Nikken Kogaku 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.


Nikken Kogaku Co Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Nikken Kogaku Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9767
72GF Score
Nikken Kogaku Co Ltd TSE:9767
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nikken Kogaku 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.

Nikken Kogaku Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1486.00/4724.58
=0.31

* 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.

Nikken Kogaku Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Nikken Kogaku Co's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=3409.134/112.7000*112.7000
=3,409.134

Current CPI (Mar26) = 112.7000.

Nikken Kogaku Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 5,200.099 98.100 5,974.018
201803 4,799.351 99.200 5,452.488
201903 4,825.193 99.700 5,454.356
202003 4,432.320 100.300 4,980.284
202103 5,807.026 99.900 6,551.069
202203 4,560.022 101.100 5,083.229
202303 3,428.246 104.400 3,700.798
202403 3,396.885 107.200 3,571.165
202503 3,025.639 111.100 3,069.213
202603 3,409.134 112.700 3,409.134

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 0.31 mean?
Nikken Kogaku Co (TSE:9767) has a Cyclically Adjusted PS Ratio of 0.31 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 Nikken Kogaku Co and its competitors. This is near median its historical median of 0.31. Over the past decade, Nikken Kogaku Co's Cyclically Adjusted PS Ratio has ranged from 0.15 to 0.54. According to the industry distribution chart, Nikken Kogaku Co ranks #348 out of 1357 companies in the Construction industry, placing it in the top 25.6%.
Is Nikken Kogaku Co's Cyclically Adjusted PS Ratio too high?
Nikken Kogaku Co's current Cyclically Adjusted PS Ratio of 0.31 is near median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.54. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Nikken Kogaku Co's value of 0.31 is 55.7% below this industry median. Based on the distribution chart, Nikken Kogaku Co ranks #348 out of 1357 companies in the Construction industry, which is above the industry midpoint. Overall, Nikken Kogaku Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nikken Kogaku Co's Cyclically Adjusted PS Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Nikken Kogaku Co ranks #348 out of 1357 companies for Cyclically Adjusted PS Ratio. This puts Nikken Kogaku Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Nikken Kogaku Co's value of 0.31 is 55.7% below this benchmark. Historically, Nikken Kogaku Co's own Cyclically Adjusted PS Ratio has ranged from 0.15 to 0.54 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.70, Nikken Kogaku 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,357 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. Nikken Kogaku Co's current Cyclically Adjusted PS Ratio of 0.31 is 55.7% 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 Nikken Kogaku Co and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikken Kogaku Co's current Cyclically Adjusted PS Ratio is 0.31, which is near median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikken Kogaku Co stock overvalued right now?
Based on GuruFocus' analysis, Nikken Kogaku Co (TSE:9767) is currently considered Fairly Valued. The stock's GF Value™ is 円1,572.98, compared to a current price of 円1,486.00 — trading 5.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.31, which is near median its 10-year median of 0.31 and 55.7% below the Construction industry median of 0.70. Nikken Kogaku Co's overall GF Score™ is 72/100 with 2 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 Nikken Kogaku Co (TSE:9767), the current Cyclically Adjusted PS Ratio is 0.31 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 Nikken Kogaku Co (TSE:9767) Overvalued in 2026?

Based on GuruFocus' analysis, Nikken Kogaku Co stock appears to be undervalued. The current stock price of 円1,486.00 is trading 5.5% below its estimated GF Value™ of 円1,572.98. GuruFocus considers Nikken Kogaku Co to be Fairly Valued.

Key valuation signals for TSE:9767:

  • Cyclically Adjusted PS Ratio: 0.31 (near median its 10-year median of 0.31)
  • GF Value™: 円1,572.98 vs. price of 円1,486.00 (5.5% below fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 55.7% below the Construction median (#348 of 1357)

No single metric tells the full story. See the TSE:9767 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nikken Kogaku Co Business Description

Address 17th Floor, Nittochi Nishishinjuku Building, 6-10-1 Nishishinjuku, Shinjuku-ku, Tokyo, JPN, 160-0023
Nikken Kogaku Co Ltd develops a wide range of products and construction methods such as wave-blocking block, revetment block, natural stone construction method, and other civil engineering products. It primarily serves to the ministry of land, infrastructure, transport and tourism; local governments, construction companies, and construction consultants across Japan.
72GF Score

Get the complete analysis for TSE:9767

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

円1,486.00
Price
円1,572.98
GF Value