Inaba Denkisangyo Co (TSE:9934) Cyclically Adjusted PS Ratio: 0.93 (As of Jul. 23, 2026) — 63% Above 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:9934 Inaba Denkisangyo Co Ltd TSE:9934
88 GF Score
Price 円2,793.50
GF Value 円2,256.26
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Inaba Denkisangyo Co Cyclically Adjusted PS Ratio?

Inaba Denkisangyo Co TSE:9934 +0.11% 88 Cyclically Adjusted PS Ratio is 0.93 as of Jul. 23, 2026, which is 63% above its 10-year median of 0.57. GuruFocus rates TSE:9934 with a GF Score™ of 88/100 and a GF Value™ of 円2,256.26 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 127 Industrial Distribution companies, Inaba Denkisangyo Co ranks worse than 68.5% on this metric.

As of today (2026-07-23), Inaba Denkisangyo Co's current share price is 円2793.50. Inaba Denkisangyo Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円3,002.69. Inaba Denkisangyo Co's Cyclically Adjusted PS Ratio for today is 0.93.

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

TSE:9934' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.57   Max: 0.97
Current: 0.91

During the past years, Inaba Denkisangyo Co's highest Cyclically Adjusted PS Ratio was 0.97. The lowest was 0.45. And the median was 0.57.

TSE:9934's Cyclically Adjusted PS Ratio is ranked worse than
68.5% of 127 companies
in the Industrial Distribution industry
Industry Median: 0.51 vs TSE:9934: 0.91

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.

Inaba Denkisangyo Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円1,103.305. 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3,002.69 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Inaba Denkisangyo Co  (TSE:9934) 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.


Inaba Denkisangyo Co Cyclically Adjusted PS Ratio Related Terms


Inaba Denkisangyo Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Inaba Denkisangyo 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.

Inaba Denkisangyo Co Cyclically Adjusted PS Ratio Chart

Inaba Denkisangyo 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 0.52 0.57 0.66 0.67 0.87

Inaba Denkisangyo Co 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 0.67 0.69 0.72 0.86 0.87

TSE:9934 vs GWW, FAST, FERG: Cyclically Adjusted PS Ratio Comparison

For the Industrial Distribution subindustry, Inaba Denkisangyo 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.


Inaba Denkisangyo Co Cyclically Adjusted PS Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Inaba Denkisangyo Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9934
88GF Score
Inaba Denkisangyo Co Ltd TSE:9934
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Inaba Denkisangyo 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2793.50/3002.69
=0.93

* 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.

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

For example, Inaba Denkisangyo 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)
=1103.305/112.7000*112.7000
=1,103.305

Current CPI (Mar. 2026) = 112.7000.

Inaba Denkisangyo Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 460.191 98.100 528.680
201609 535.565 98.000 615.900
201612 521.190 98.400 596.932
201703 665.194 98.100 764.193
201706 483.332 98.500 553.010
201709 582.303 98.800 664.226
201712 538.682 99.400 610.759
201803 702.313 99.200 797.890
201806 523.897 99.200 595.193
201809 616.484 99.900 695.473
201812 588.135 99.700 664.823
201903 746.464 99.700 843.796
201906 581.434 99.800 656.589
201909 696.563 100.100 784.242
201912 584.848 100.500 655.844
202003 753.630 100.300 846.801
202006 514.657 99.900 580.599
202009 610.788 99.900 689.047
202012 601.253 99.300 682.389
202103 746.021 99.900 841.607
202106 559.584 99.500 633.820
202109 622.246 100.100 700.571
202112 611.521 100.100 688.496
202203 782.158 101.100 871.901
202206 608.041 101.800 673.146
202209 680.361 103.100 743.712
202212 675.198 104.100 730.978
202303 869.423 104.400 938.544
202306 660.084 105.200 707.143
202309 747.589 106.200 793.345
202312 741.380 106.800 782.336
202403 905.448 107.200 951.903
202406 723.278 108.200 753.359
202409 857.816 108.900 887.749
202412 816.373 110.700 831.122
202503 976.091 111.100 990.148
202506 771.968 111.700 778.879
202509 921.281 112.000 927.039
202512 873.703 113.000 871.383
202603 1,103.305 112.700 1,103.305

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 0.93 mean?
Inaba Denkisangyo Co (TSE:9934) has a Cyclically Adjusted PS Ratio of 0.93 as of Jul. 23, 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 Inaba Denkisangyo Co and its competitors. This is 63% above median its historical median of 0.57. Over the past decade, Inaba Denkisangyo Co's Cyclically Adjusted PS Ratio has ranged from 0.45 to 0.97. According to the industry distribution chart, Inaba Denkisangyo Co ranks #87 out of 127 companies in the Industrial Distribution industry, placing it in the top 68.5%.
Is Inaba Denkisangyo Co's Cyclically Adjusted PS Ratio too high?
Inaba Denkisangyo Co's current Cyclically Adjusted PS Ratio of 0.93 is 63% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 0.97. The Industrial Distribution industry median Cyclically Adjusted PS Ratio is 0.51. Inaba Denkisangyo Co's value of 0.93 is 82.4% above this industry median. Based on the distribution chart, Inaba Denkisangyo Co ranks #87 out of 127 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Inaba Denkisangyo Co has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Inaba Denkisangyo Co's Cyclically Adjusted PS Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Inaba Denkisangyo Co ranks #87 out of 127 companies for Cyclically Adjusted PS Ratio. This places Inaba Denkisangyo Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.51. Inaba Denkisangyo Co's value of 0.93 is 82.4% above this benchmark. Historically, Inaba Denkisangyo Co's own Cyclically Adjusted PS Ratio has ranged from 0.45 to 0.97 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.51, Inaba Denkisangyo 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 an Industrial Distribution company?
The median Cyclically Adjusted PS Ratio among Industrial Distribution companies is 0.51, based on 127 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. Inaba Denkisangyo Co's current Cyclically Adjusted PS Ratio of 0.93 is 82.4% 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 Inaba Denkisangyo Co and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PS Ratio is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inaba Denkisangyo Co's current Cyclically Adjusted PS Ratio is 0.93, which is 63% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inaba Denkisangyo Co stock overvalued right now?
Based on GuruFocus' analysis, Inaba Denkisangyo Co (TSE:9934) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,256.26, compared to a current price of 円2,793.50 — trading 23.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.93, which is 63% above median its 10-year median of 0.57 and 82.4% above the Industrial Distribution industry median of 0.51. Inaba Denkisangyo Co's overall GF Score™ is 88/100 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 Inaba Denkisangyo Co (TSE:9934), the current Cyclically Adjusted PS Ratio is 0.93 as of Jul. 23, 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 Inaba Denkisangyo Co (TSE:9934) Overvalued in 2026?

Based on GuruFocus' analysis, Inaba Denkisangyo Co stock appears to be overvalued. The current stock price of 円2,793.50 is trading 23.8% above its estimated GF Value™ of 円2,256.26. GuruFocus considers Inaba Denkisangyo Co to be Modestly Overvalued.

Key valuation signals for TSE:9934:

  • Cyclically Adjusted PS Ratio: 0.93 (63% above median its 10-year median of 0.57)
  • GF Value™: 円2,256.26 vs. price of 円2,793.50 (23.8% above fair value)
  • GF Score™: 88/100 with 4 warning signs
  • Industry Position: 82.4% above the Industrial Distribution median (#87 of 127)

No single metric tells the full story. See the TSE:9934 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Inaba Denkisangyo Co Business Description

Address Nishi Ward 4-chome 11-14, Osaka, JPN, 550-0012
Inaba Denkisangyo Co Ltd is engaged in Electrical Equipment Business, Industrial Machinery Business, and Proprietary Products Business. Electrical equipment and materials division comprises products from light fittings, air conditioning systems, distribution panels for all types of buildings. Industrial solutions division consists of solutions for issues such as improving productivity, resource conservation, and space saving. Proprietary products division includes the development of in-house brands Inaba denko and Abaniact.
88GF Score

Get the complete analysis for TSE:9934

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

円2,793.50
Price
円2,256.26
GF Value