Zaoh Co (TSE:9986) Cyclically Adjusted PS Ratio: 1.70 (As of Jul. 16, 2026) — 12% Above Median

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TSE:9986 Zaoh Co Ltd TSE:9986
79 GF Score
Price 円2,525.00
GF Value 円2,389.77
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Zaoh Co Cyclically Adjusted PS Ratio?

Zaoh Co TSE:9986 +0.20% 79 Cyclically Adjusted PS Ratio is 1.70 as of Jul. 16, 2026, which is 12% above its 10-year median of 1.52. GuruFocus rates TSE:9986 with a GF Score™ of 79/100 and a GF Value™ of 円2,389.77 (Fairly Valued). The stock has 4 warning signs investors should review. Among 127 Industrial Distribution companies, Zaoh Co ranks worse than 82.68% on this metric.

As of today (2026-07-16), Zaoh Co's current share price is 円2525.00. Zaoh Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,485.59. Zaoh Co's Cyclically Adjusted PS Ratio for today is 1.70.

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

TSE:9986' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.07   Med: 1.52   Max: 2
Current: 1.69

During the past years, Zaoh Co's highest Cyclically Adjusted PS Ratio was 2.00. The lowest was 1.07. And the median was 1.52.

TSE:9986's Cyclically Adjusted PS Ratio is ranked worse than
82.68% of 127 companies
in the Industrial Distribution industry
Industry Median: 0.5 vs TSE:9986: 1.69

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.

Zaoh Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円451.750. 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1,485.59 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zaoh Co  (TSE:9986) 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.


Zaoh Co Cyclically Adjusted PS Ratio Related Terms


Zaoh Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zaoh 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.

Zaoh Co Cyclically Adjusted PS Ratio Chart

Zaoh 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 1.58 1.73 1.85 0.00 1.82

Zaoh 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 1.69 1.70 1.70 1.82

TSE:9986 vs GWW, FAST, FERG: Cyclically Adjusted PS Ratio Comparison

For the Industrial Distribution subindustry, Zaoh 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.


Zaoh Co Cyclically Adjusted PS Ratio vs Industrial Distribution Industry

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

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


TSE:9986
79GF Score
Zaoh Co Ltd TSE:9986
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zaoh 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2525.00/1485.59
=1.70

* 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.

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

For example, Zaoh 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)
=451.75/112.7000*112.7000
=451.750

Current CPI (Mar. 2026) = 112.7000.

Zaoh Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 300.208 97.900 345.592
201606 255.558 98.100 293.592
201609 255.660 98.000 294.009
201612 300.842 98.400 344.562
201703 296.460 98.100 340.581
201706 272.424 98.500 311.697
201709 277.291 98.800 316.303
201712 303.966 99.400 344.638
201803 295.739 99.200 335.986
201806 245.128 99.200 278.487
201809 277.459 99.900 313.009
201812 289.257 99.700 326.974
201903 297.487 99.700 336.277
201906 258.197 99.800 291.571
201909 275.173 100.100 309.810
201912 296.457 100.500 332.445
202003 300.291 100.300 337.416
202006 221.559 99.900 249.947
202009 295.189 99.900 333.011
202012 338.235 99.300 383.878
202103 297.370 99.900 335.471
202106 340.296 99.500 385.441
202109 375.895 100.100 423.210
202112 415.059 100.100 467.304
202203 431.455 101.100 480.959
202206 391.040 101.800 432.910
202209 372.837 103.100 407.553
202212 488.962 104.100 529.357
202303 430.241 104.400 464.446
202306 336.465 105.200 360.453
202309 420.368 106.200 446.097
202312 513.764 106.800 542.146
202403 453.480 107.200 476.746
202406 329.643 108.200 343.353
202409 341.702 108.900 353.625
202503 0.000 111.100 0.000
202506 369.090 111.700 372.394
202509 367.004 112.000 369.298
202512 423.296 113.000 422.172
202603 451.750 112.700 451.750

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 1.70 mean?
Zaoh Co (TSE:9986) has a Cyclically Adjusted PS Ratio of 1.70 as of Jul. 16, 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 Zaoh Co and its competitors. This is 12% above median its historical median of 1.52. Over the past decade, Zaoh Co's Cyclically Adjusted PS Ratio has ranged from 1.07 to 2.00. According to the industry distribution chart, Zaoh Co ranks #105 out of 127 companies in the Industrial Distribution industry, placing it in the top 82.7%.
Is Zaoh Co's Cyclically Adjusted PS Ratio too high?
Zaoh Co's current Cyclically Adjusted PS Ratio of 1.70 is 12% above median its 10-year median of 1.52. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 2.00. The Industrial Distribution industry median Cyclically Adjusted PS Ratio is 0.50. Zaoh Co's value of 1.70 is 240% above this industry median. Based on the distribution chart, Zaoh Co ranks #105 out of 127 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Zaoh Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zaoh Co's Cyclically Adjusted PS Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Zaoh Co ranks #105 out of 127 companies for Cyclically Adjusted PS Ratio. This places Zaoh Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.50. Zaoh Co's value of 1.70 is 240% above this benchmark. Historically, Zaoh Co's own Cyclically Adjusted PS Ratio has ranged from 1.07 to 2.00 over the past decade. While the company's 10-year median is 1.52 vs. the industry median of 0.50, Zaoh 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 0.50, 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. Zaoh Co's current Cyclically Adjusted PS Ratio of 1.70 is 240% 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 Zaoh Co and its competitors. For the Industrial Distribution 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. Zaoh Co's current Cyclically Adjusted PS Ratio is 1.70, which is 12% above median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zaoh Co stock overvalued right now?
Based on GuruFocus' analysis, Zaoh Co (TSE:9986) is currently considered Fairly Valued. The stock's GF Value™ is 円2,389.77, compared to a current price of 円2,525.00 — trading 5.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.70, which is 12% above median its 10-year median of 1.52 and 240% above the Industrial Distribution industry median of 0.50. Zaoh Co's overall GF Score™ is 79/100 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 Zaoh Co (TSE:9986), the current Cyclically Adjusted PS Ratio is 1.70 as of Jul. 16, 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 Zaoh Co (TSE:9986) Overvalued in 2026?

Based on GuruFocus' analysis, Zaoh Co stock appears to be overvalued. The current stock price of 円2,525.00 is trading 5.7% above its estimated GF Value™ of 円2,389.77. GuruFocus considers Zaoh Co to be Fairly Valued.

Key valuation signals for TSE:9986:

  • Cyclically Adjusted PS Ratio: 1.70 (12% above median its 10-year median of 1.52)
  • GF Value™: 円2,389.77 vs. price of 円2,525.00 (5.7% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 240% above the Industrial Distribution median (#105 of 127)

No single metric tells the full story. See the TSE:9986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zaoh Co Business Description

Address 19-5, Maori 1-chome, Koto-ku, Tokyo, JPN, 135-0001
Zaoh Co Ltd is engaged in the business of dealing with industrial and professional cleaning equipment. Its main business activity is to import cleaning and washing equipment for commercial, industrial, and consumer use from various manufacturers, mainly in Europe, the United States, and China, and to sell them throughout Japan. The company's product portfolio comprises power sweepers, vacuum cleaners, carpet cleaners, ironized water generators, water purifiers, steam cleaners, etc.
79GF Score

Get the complete analysis for TSE:9986

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

円2,525.00
Price
円2,389.77
GF Value