Verite Co (TSE:9904) Cyclically Adjusted PS Ratio: 0.74 (As of Aug. 09, 2026) — 33% Below Median

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TSE:9904 Verite Co Ltd TSE:9904
72 GF Score
Price 円242.00
GF Value 円473.48
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Verite Co Cyclically Adjusted PS Ratio?

Verite Co TSE:9904 +0.41% 72 Cyclically Adjusted PS Ratio is 0.74 as of Aug. 09, 2026, which is 33% below its 10-year median of 1.10. GuruFocus rates TSE:9904 with a GF Score™ of 72/100 and a GF Value™ of 円473.48 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 804 Retail - Cyclical companies, Verite Co ranks worse than 60.32% on this metric.

As of today (2026-08-09), Verite Co's current share price is 円242.00. Verite Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円326.89. Verite Co's Cyclically Adjusted PS Ratio for today is 0.74.

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

TSE:9904' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.3   Med: 1.1   Max: 1.52
Current: 0.74

During the past years, Verite Co's highest Cyclically Adjusted PS Ratio was 1.52. The lowest was 0.30. And the median was 1.10.

TSE:9904's Cyclically Adjusted PS Ratio is ranked worse than
60.32% of 804 companies
in the Retail - Cyclical industry
Industry Median: 0.5 vs TSE:9904: 0.74

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.

Verite Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円108.277. 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326.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Verite Co  (TSE:9904) 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.


Verite Co Cyclically Adjusted PS Ratio Related Terms


Verite Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Verite 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.

Verite Co Cyclically Adjusted PS Ratio Chart

Verite 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 1.48 1.10 1.28 0.00 1.21

Verite Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 1.15 1.15 1.15 1.21

TSE:9904 vs TPR: Cyclically Adjusted PS Ratio Comparison

For the Luxury Goods subindustry, Verite 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.


Verite Co Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Verite Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9904
72GF Score
Verite Co Ltd TSE:9904
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Verite 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=242.00/326.89
=0.74

* 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.

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

For example, Verite 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)
=108.277/112.7000*112.7000
=108.277

Current CPI (Mar. 2026) = 112.7000.

Verite Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 81.768 97.900 94.129
201606 67.549 98.100 77.602
201609 78.865 98.000 90.695
201612 83.863 98.400 96.050
201703 83.502 98.100 95.929
201706 66.897 98.500 76.541
201709 80.126 98.800 91.399
201712 81.413 99.400 92.306
201803 82.114 99.200 93.289
201806 65.285 99.200 74.170
201809 78.181 99.900 88.198
201812 82.996 99.700 93.818
201903 81.345 99.700 91.952
201906 61.976 99.800 69.987
201909 80.757 100.100 90.922
201912 73.810 100.500 82.770
202003 72.980 100.300 82.002
202006 27.419 99.900 30.932
202009 83.951 99.900 94.707
202012 82.440 99.300 93.565
202103 84.245 99.900 95.039
202106 52.480 99.500 59.442
202109 65.635 100.100 73.897
202112 75.253 100.100 84.725
202203 74.058 101.100 82.555
202206 60.146 101.800 66.586
202209 71.531 103.100 78.192
202212 73.887 104.100 79.991
202303 75.143 104.400 81.117
202306 60.257 105.200 64.553
202309 69.025 106.200 73.250
202312 76.617 106.800 80.850
202403 75.625 107.200 79.505
202406 61.620 108.200 64.183
202409 71.128 108.900 73.610
202503 0.000 111.100 0.000
202506 62.615 111.700 63.176
202509 81.890 112.000 82.402
202512 95.157 113.000 94.904
202603 108.277 112.700 108.277

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 0.74 mean?
Verite Co (TSE:9904) has a Cyclically Adjusted PS Ratio of 0.74 as of Aug. 09, 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 Verite Co and its competitors. This is 33% below median its historical median of 1.10. Over the past decade, Verite Co's Cyclically Adjusted PS Ratio has ranged from 0.30 to 1.52. According to the industry distribution chart, Verite Co ranks #485 out of 804 companies in the Retail - Cyclical industry, placing it in the top 60.3%.
Is Verite Co's Cyclically Adjusted PS Ratio too high?
Verite Co's current Cyclically Adjusted PS Ratio of 0.74 is 33% below median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.52. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.50. Verite Co's value of 0.74 is 48% above this industry median. Based on the distribution chart, Verite Co ranks #485 out of 804 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Verite Co has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Verite Co's Cyclically Adjusted PS Ratio compare to TPR?
According to the Retail - Cyclical industry distribution chart, Verite Co ranks #485 out of 804 companies for Cyclically Adjusted PS Ratio. This places Verite Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.50. Verite Co's value of 0.74 is 48% above this benchmark. Historically, Verite Co's own Cyclically Adjusted PS Ratio has ranged from 0.30 to 1.52 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 0.50, Verite 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.50, based on 804 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. Verite Co's current Cyclically Adjusted PS Ratio of 0.74 is 48% 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 Verite Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Verite Co's current Cyclically Adjusted PS Ratio is 0.74, which is 33% below median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Verite Co stock overvalued right now?
Based on GuruFocus' analysis, Verite Co (TSE:9904) is currently considered Significantly Undervalued. The stock's GF Value™ is 円473.48, compared to a current price of 円242.00 — trading 48.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.74, which is 33% below median its 10-year median of 1.10 and 48% above the Retail - Cyclical industry median of 0.50. Verite Co's overall GF Score™ is 72/100 with 4 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 Verite Co (TSE:9904), the current Cyclically Adjusted PS Ratio is 0.74 as of Aug. 09, 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 Verite Co (TSE:9904) Overvalued in 2026?

Based on GuruFocus' analysis, Verite Co stock appears to be undervalued. The current stock price of 円242.00 is trading 48.9% below its estimated GF Value™ of 円473.48. GuruFocus considers Verite Co to be Significantly Undervalued.

Key valuation signals for TSE:9904:

  • Cyclically Adjusted PS Ratio: 0.74 (33% below median its 10-year median of 1.10)
  • GF Value™: 円473.48 vs. price of 円242.00 (48.9% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 48% above the Retail - Cyclical median (#485 of 804)

No single metric tells the full story. See the TSE:9904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Verite Co Business Description

Address 3-33-8 Tsuruyacho, Kanagawa-ku, Yokohama, Kanagawa, JPN, 221-8705
Verite Co Ltd is engaged in operating jewellery specialty retail chain. The company is engaged in manufacture and sale of precious metal, clock, and fashion goods. The firm offers customer service and after sales service which include repair, processing and renovation.
72GF Score

Get the complete analysis for TSE:9904

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

円242.00
Price
円473.48
GF Value