Softfront Holdings (TSE:2321) Cyclically Adjusted Revenue per Share: 円31.63 (As of Mar. 2026)

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:2321 Softfront Holdings TSE:2321
38 GF Score
Price 円161.00
GF Value 円66.65
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Softfront Holdings Cyclically Adjusted Revenue per Share?

Softfront Holdings TSE:2321 -18.27% 38 Cyclically Adjusted Revenue per Share is 円31.63 as of Mar. 2026. GuruFocus rates TSE:2321 with a GF Score™ of 38/100 and a GF Value™ of 円66.65 (Significantly Overvalued). The stock has 4 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.

Softfront Holdings's adjusted revenue per share for the three months ended in Mar. 2026 was 円6.607. 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 円31.63 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -2.20% 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 Softfront Holdings was -2.20% per year. The lowest was -14.10% per year. And the median was -12.10% per year.

As of today (2026-09-13), Softfront Holdings's current stock price is 円161.00. Softfront Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円31.63. Softfront Holdings's Cyclically Adjusted PS Ratio of today is 5.09.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Softfront Holdings was 12.87. The lowest was 1.57. And the median was 2.56.


Softfront Holdings  (TSE:2321) 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.

Softfront Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=161.00/31.63
=5.09

* 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 Softfront Holdings was 12.87. The lowest was 1.57. And the median was 2.56.


Be Aware

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


Softfront Holdings Cyclically Adjusted Revenue per Share Related Terms


Softfront Holdings Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Softfront Holdings'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.

Softfront Holdings Cyclically Adjusted Revenue per Share Chart

Softfront Holdings 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 36.74 33.83 31.41 0.00 31.63

Softfront Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 32.11 32.14 31.85 31.63

TSE:2321 vs CRM, SHOP, UBER: Cyclically Adjusted Revenue per Share Comparison

For the Software - Application subindustry, Softfront Holdings'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.


Softfront Holdings Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Softfront Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:2321
38GF Score
Softfront Holdings TSE:2321
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Softfront Holdings 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, Softfront Holdings'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)
=6.607/112.7000*112.7000
=6.607

Current CPI (Mar. 2026) = 112.7000.

Softfront Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 3.312 97.900 3.813
201606 5.660 98.100 6.502
201609 31.648 98.000 36.395
201612 12.821 98.400 14.684
201703 29.311 98.100 33.673
201706 22.567 98.500 25.820
201709 20.794 98.800 23.719
201712 5.499 99.400 6.235
201803 6.475 99.200 7.356
201806 4.877 99.200 5.541
201809 5.106 99.900 5.760
201812 4.795 99.700 5.420
201903 4.221 99.700 4.771
201906 2.808 99.800 3.171
201909 3.426 100.100 3.857
201912 2.325 100.500 2.607
202003 2.389 100.300 2.684
202006 2.254 99.900 2.543
202009 3.573 99.900 4.031
202012 2.830 99.300 3.212
202103 2.593 99.900 2.925
202106 2.211 99.500 2.504
202109 3.258 100.100 3.668
202112 2.395 100.100 2.696
202203 4.788 101.100 5.337
202206 4.716 101.800 5.221
202209 5.873 103.100 6.420
202212 6.512 104.100 7.050
202303 7.714 104.400 8.327
202306 5.737 105.200 6.146
202309 6.818 106.200 7.235
202312 8.204 106.800 8.657
202403 7.982 107.200 8.392
202406 5.295 108.200 5.515
202409 7.454 108.900 7.714
202503 0.000 111.100 0.000
202506 4.026 111.700 4.062
202509 4.061 112.000 4.086
202512 4.086 113.000 4.075
202603 6.607 112.700 6.607

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 円31.63 mean?
Softfront Holdings (TSE:2321) has a Cyclically Adjusted Revenue per Share of 円31.63 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 Softfront Holdings and its competitors.
Is Softfront Holdings' Cyclically Adjusted Revenue per Share too high?
Softfront Holdings' current Cyclically Adjusted Revenue per Share is 円31.63. Overall, Softfront Holdings has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Softfront Holdings' Cyclically Adjusted Revenue per Share compare to CRM and SHOP?
Softfront Holdings' Cyclically Adjusted Revenue per Share of 円31.63 can be compared against companies in the Software 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 Software company?
A good Cyclically Adjusted Revenue per Share depends on the Software 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 Softfront Holdings and its competitors. Softfront Holdings's current Cyclically Adjusted Revenue per Share is 円31.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Softfront Holdings stock overvalued right now?
Based on GuruFocus' analysis, Softfront Holdings (TSE:2321) is currently considered Significantly Overvalued. The stock's GF Value™ is 円66.65, compared to a current price of 円161.00 — trading 141.6% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円31.63. Softfront Holdings' overall GF Score™ is 38/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Softfront Holdings (TSE:2321), the current Cyclically Adjusted Revenue per Share is 円31.63 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 Softfront Holdings (TSE:2321) Overvalued in 2026?

Based on GuruFocus' analysis, Softfront Holdings stock appears to be overvalued. The current stock price of 円161.00 is trading 141.6% above its estimated GF Value™ of 円66.65. GuruFocus considers Softfront Holdings to be Significantly Overvalued.

Key valuation signals for TSE:2321:

  • Cyclically Adjusted Revenue per Share: 円31.63
  • GF Value™: 円66.65 vs. price of 円161.00 (141.6% above fair value)
  • GF Score™: 38/100 with 4 warning signs

No single metric tells the full story. See the TSE:2321 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Softfront Holdings Business Description

Address 4-5 Kudanminami, 6F Izumi Kudan Building, Chiyoda-ku, Tokyo, JPN, 102-0074
Softfront Holdings is engaged in contract development consultation in Japan. It also provides technical assistance for the software development environment that provides the core technology and SIP / VoIP. Its core activity includes communications technology. The group operates in a single segment, the communications platform-related business.
38GF Score

Get the complete analysis for TSE:2321

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

円161.00
Price
円66.65
GF Value