DMS (TSE:9782) Cyclically Adjusted PS Ratio: 0.68 (As of Aug. 12, 2026) — 74% Above Median

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TSE:9782 DMS Inc TSE:9782
72 GF Score
Price 円3,415.00
GF Value 円2,235.73
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is DMS Cyclically Adjusted PS Ratio?

DMS TSE:9782 +0.59% 72 Cyclically Adjusted PS Ratio is 0.68 as of Aug. 12, 2026, which is 74% above its 10-year median of 0.39. GuruFocus rates TSE:9782 with a GF Score™ of 72/100 and a GF Value™ of 円2,235.73 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 735 Media - Diversified companies, DMS ranks better than 55.1% on this metric.

As of today (2026-08-12), DMS's current share price is 円3415.00. DMS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円5,044.70. DMS's Cyclically Adjusted PS Ratio for today is 0.68.

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

TSE:9782' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.39   Max: 0.69
Current: 0.67

During the past years, DMS's highest Cyclically Adjusted PS Ratio was 0.69. The lowest was 0.26. And the median was 0.39.

TSE:9782's Cyclically Adjusted PS Ratio is ranked better than
55.1% of 735 companies
in the Media - Diversified industry
Industry Median: 0.79 vs TSE:9782: 0.67

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.

DMS's adjusted revenue per share data for the three months ended in Mar. 2026 was 円1,568.847. 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5,044.70 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DMS  (TSE:9782) 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.


DMS Cyclically Adjusted PS Ratio Related Terms


DMS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for DMS'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.

DMS Cyclically Adjusted PS Ratio Chart

DMS 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 0.27 0.32 0.39 0.00 0.66

DMS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.62 0.60 0.66 0.66 0.00

TSE:9782 vs APP, OMC, TTD: Cyclically Adjusted PS Ratio Comparison

For the Advertising Agencies subindustry, DMS'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.


DMS Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, DMS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9782
72GF Score
DMS Inc TSE:9782
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DMS 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3415.00/5044.70
=0.68

* 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.

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

For example, DMS'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)
=1568.847/112.7000*112.7000
=1,568.847

Current CPI (Mar. 2026) = 112.7000.

DMS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 955.499 97.900 1,099.946
201606 930.982 98.100 1,069.538
201609 914.358 98.000 1,051.512
201612 1,033.679 98.400 1,183.899
201703 1,011.442 98.100 1,161.973
201706 983.743 98.500 1,125.562
201709 989.861 98.800 1,129.123
201712 1,151.664 99.400 1,305.760
201803 997.009 99.200 1,132.691
201806 1,179.812 99.200 1,340.371
201809 1,109.797 99.900 1,251.993
201812 1,237.356 99.700 1,398.696
201903 1,071.948 99.700 1,211.721
201906 1,190.253 99.800 1,344.103
201909 1,284.484 100.100 1,446.167
201912 1,164.103 100.500 1,305.417
202003 1,023.168 100.300 1,149.661
202006 1,108.976 99.900 1,251.067
202009 1,022.249 99.900 1,153.228
202012 1,086.680 99.300 1,233.322
202103 1,193.360 99.900 1,346.263
202106 1,065.732 99.500 1,207.116
202109 1,231.011 100.100 1,385.963
202112 1,260.890 100.100 1,419.603
202203 1,225.527 101.100 1,366.141
202206 1,288.089 101.800 1,426.008
202209 1,129.692 103.100 1,234.882
202212 1,451.473 104.100 1,571.383
202303 1,120.230 104.400 1,209.290
202306 1,319.896 105.200 1,413.995
202309 967.785 106.200 1,027.019
202312 1,082.834 106.800 1,142.653
202403 1,242.049 107.200 1,305.774
202406 1,033.302 108.200 1,076.277
202409 1,146.482 108.900 1,186.488
202503 0.000 111.100 0.000
202506 1,226.772 111.700 1,237.755
202509 1,277.907 112.000 1,285.894
202512 1,432.523 113.000 1,428.720
202603 1,568.847 112.700 1,568.847

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 0.68 mean?
DMS (TSE:9782) has a Cyclically Adjusted PS Ratio of 0.68 as of Aug. 12, 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 DMS and its competitors. This is 74% above median its historical median of 0.39. Over the past decade, DMS's Cyclically Adjusted PS Ratio has ranged from 0.26 to 0.69. According to the industry distribution chart, DMS ranks #330 out of 735 companies in the Media - Diversified industry, placing it in the top 44.9%.
Is DMS's Cyclically Adjusted PS Ratio too high?
DMS's current Cyclically Adjusted PS Ratio of 0.68 is 74% above median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.69. The Media - Diversified industry median Cyclically Adjusted PS Ratio is 0.79. DMS's value of 0.68 is 13.9% below this industry median. Based on the distribution chart, DMS ranks #330 out of 735 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, DMS has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DMS's Cyclically Adjusted PS Ratio compare to APP and OMC?
According to the Media - Diversified industry distribution chart, DMS ranks #330 out of 735 companies for Cyclically Adjusted PS Ratio. This puts DMS in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.79. DMS's value of 0.68 is 13.9% below this benchmark. Historically, DMS's own Cyclically Adjusted PS Ratio has ranged from 0.26 to 0.69 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 0.79, DMS 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 Media - Diversified company?
The median Cyclically Adjusted PS Ratio among Media - Diversified companies is 0.79, based on 735 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. DMS's current Cyclically Adjusted PS Ratio of 0.68 is 13.9% 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 DMS and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PS Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DMS's current Cyclically Adjusted PS Ratio is 0.68, which is 74% above median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DMS stock overvalued right now?
Based on GuruFocus' analysis, DMS (TSE:9782) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,235.73, compared to a current price of 円3,415.00 — trading 52.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.68, which is 74% above median its 10-year median of 0.39 and 13.9% below the Media - Diversified industry median of 0.79. DMS's overall GF Score™ is 72/100 with 3 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 DMS (TSE:9782), the current Cyclically Adjusted PS Ratio is 0.68 as of Aug. 12, 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 DMS (TSE:9782) Overvalued in 2026?

Based on GuruFocus' analysis, DMS stock appears to be overvalued. The current stock price of 円3,415.00 is trading 52.7% above its estimated GF Value™ of 円2,235.73. GuruFocus considers DMS to be Significantly Overvalued.

Key valuation signals for TSE:9782:

  • Cyclically Adjusted PS Ratio: 0.68 (74% above median its 10-year median of 0.39)
  • GF Value™: 円2,235.73 vs. price of 円3,415.00 (52.7% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 13.9% below the Media - Diversified median (#330 of 735)

No single metric tells the full story. See the TSE:9782 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DMS Business Description

Address 1-11 Kanda-Ogawamachi, Chiyoda Ogawamachi Kurosuta, 10th Floor, Chiyoda-ku, Tokyo, JPN, 101-0052
DMS Inc provides direct mailing and sales promotion services in Japan. The company processes and distributes direct mailing, and logistics support for outsourcing services including sales promotion, sales promotion business, event business, rental business, and other related activities.
72GF Score

Get the complete analysis for TSE:9782

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

円3,415.00
Price
円2,235.73
GF Value