AJINF (Ajinomoto Co) Cyclically Adjusted Revenue per Share: $8.73 (As of Mar. 2026)

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AJINF Ajinomoto Co Inc AJINF
79 GF Score
Price $30.19
GF Value $25.22
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Ajinomoto Co Cyclically Adjusted Revenue per Share?

Ajinomoto Co AJINF 79 Cyclically Adjusted Revenue per Share is $8.73 as of Mar. 2026. GuruFocus rates AJINF with a GF Score™ of 79/100 and a GF Value™ of $25.22 (Modestly Overvalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Ajinomoto Co's adjusted revenue per share for the three months ended in Mar. 2026 was $2.716. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $8.73 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ajinomoto Co's average Cyclically Adjusted Revenue Growth Rate was 5.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Ajinomoto Co was 8.20% per year. The lowest was 1.40% per year. And the median was 3.60% per year.

As of today (2026-07-29), Ajinomoto Co's current stock price is $30.19. Ajinomoto Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $8.73. Ajinomoto Co's Cyclically Adjusted PS Ratio of today is 3.46.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ajinomoto Co was 4.82. The lowest was 0.90. And the median was 1.60.


Ajinomoto Co  (OTCPK:AJINF) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Ajinomoto Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=30.19/8.73
=3.46

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ajinomoto Co was 4.82. The lowest was 0.90. And the median was 1.60.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Ajinomoto Co Cyclically Adjusted Revenue per Share Related Terms


Ajinomoto Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Ajinomoto Co's Cyclically Adjusted Revenue per Share 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.

Ajinomoto Co Cyclically Adjusted Revenue per Share Chart

Ajinomoto Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.95 7.50 7.18 8.50 8.73

Ajinomoto 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 Revenue per Share 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 8.50 8.07 8.95 9.09 8.73

AJINF vs KHC, GIS: Cyclically Adjusted Revenue per Share Comparison

For the Packaged Foods subindustry, Ajinomoto 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.


Ajinomoto Co Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ajinomoto Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


AJINF
79GF Score
Ajinomoto Co Inc AJINF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ajinomoto Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Ajinomoto 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)
=2.716/112.7000*112.7000
=2.716

Current CPI (Mar. 2026) = 112.7000.

Ajinomoto Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.159 98.100 2.480
201609 2.238 98.000 2.574
201612 2.190 98.400 2.508
201703 2.174 98.100 2.498
201706 2.049 98.500 2.344
201709 2.142 98.800 2.443
201712 2.368 99.400 2.685
201803 2.344 99.200 2.663
201806 2.182 99.200 2.479
201809 2.218 99.900 2.502
201812 2.439 99.700 2.757
201903 2.196 99.700 2.482
201906 2.226 99.800 2.514
201909 2.278 100.100 2.565
201912 2.426 100.500 2.720
202003 2.352 100.300 2.643
202006 2.101 99.900 2.370
202009 2.274 99.900 2.565
202012 2.490 99.300 2.826
202103 2.319 99.900 2.616
202106 2.288 99.500 2.592
202109 2.274 100.100 2.560
202112 2.469 100.100 2.780
202203 2.317 101.100 2.583
202206 2.238 101.800 2.478
202209 2.200 103.100 2.405
202212 2.540 104.100 2.750
202303 2.345 104.400 2.531
202306 2.283 105.200 2.446
202309 2.265 106.200 2.404
202312 2.537 106.800 2.677
202403 2.419 107.200 2.543
202406 2.269 108.200 2.363
202409 2.609 108.900 2.700
202412 2.616 110.700 2.663
202503 2.528 111.100 2.564
202506 2.551 111.700 2.574
202509 2.582 112.000 2.598
202512 2.791 113.000 2.784
202603 2.716 112.700 2.716

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of $8.73 mean?
Ajinomoto Co (AJINF) has a Cyclically Adjusted Revenue per Share of $8.73 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ajinomoto Co and its competitors.
Is Ajinomoto Co's Cyclically Adjusted Revenue per Share too high?
Ajinomoto Co's current Cyclically Adjusted Revenue per Share is $8.73. Overall, Ajinomoto Co has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ajinomoto Co's Cyclically Adjusted Revenue per Share compare to KHC and GIS?
Ajinomoto Co's Cyclically Adjusted Revenue per Share of $8.73 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Consumer Packaged Goods company?
A good Cyclically Adjusted Revenue per Share depends on the Consumer Packaged Goods industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ajinomoto Co and its competitors. Ajinomoto Co's current Cyclically Adjusted Revenue per Share is $8.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajinomoto Co stock overvalued right now?
Based on GuruFocus' analysis, Ajinomoto Co (AJINF) is currently considered Modestly Overvalued. The stock's GF Value™ is $25.22, compared to a current price of $30.19 — trading 19.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $8.73. Ajinomoto Co's overall GF Score™ is 79/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Ajinomoto Co (AJINF), the current Cyclically Adjusted Revenue per Share is $8.73 as of Mar. 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 Ajinomoto Co (AJINF) Overvalued in 2026?

Based on GuruFocus' analysis, Ajinomoto Co stock appears to be overvalued. The current stock price of $30.19 is trading 19.7% above its estimated GF Value™ of $25.22. GuruFocus considers Ajinomoto Co to be Modestly Overvalued.

Key valuation signals for AJINF:

  • Cyclically Adjusted Revenue per Share: $8.73
  • GF Value™: $25.22 vs. price of $30.19 (19.7% above fair value)
  • GF Score™: 79/100 with 2 warning signs

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


Ajinomoto Co Business Description

Address 15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, JPN, 104-8315
Ajinomoto was founded in 1909, and it began manufacturing the world's first umami seasoning, MSG, made from amino acids. It has since grown to be one of the top manufacturers of sauces and seasonings and has diversified into frozen foods and the manufacture of other amino acid-based materials. Its sauces and seasonings are sold across Southeast Asia, Europe, and the Americas and are found in most supermarkets, making up approximately 60% of its revenue. The remaining 40% is roughly divided into the healthcare and others segment and the frozen food segment. Its healthcare and others segment also includes functional materials, which include an organic resin material, Ajinomoto Build-up Film, which is currently the industry standard for ABF substrates for semiconductors.
79GF Score

Get the complete analysis for AJINF

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

$30.19
Price
$25.22
GF Value