fonfun (TSE:2323) Cyclically Adjusted Revenue per Share: 円47.98 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:2323 fonfun Corp TSE:2323
68 GF Score
Price 円356.00
GF Value 円443.58
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is fonfun Cyclically Adjusted Revenue per Share?

fonfun TSE:2323 -2.73% 68 Cyclically Adjusted Revenue per Share is 円47.98 as of Jun. 2026. GuruFocus rates TSE:2323 with a GF Score™ of 68/100 and a GF Value™ of 円443.58 (Modestly Undervalued). 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.

fonfun's adjusted revenue per share for the three months ended in Jun. 2026 was 円39.181. 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47.98 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.00% 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 fonfun was 8.00% per year. The lowest was -9.70% per year. And the median was -4.45% per year.

As of today (2026-09-22), fonfun's current stock price is 円356.00. fonfun's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was 円47.98. fonfun's Cyclically Adjusted PS Ratio of today is 7.42.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of fonfun was 12.22. The lowest was 1.00. And the median was 2.36.


fonfun  (TSE:2323) 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.

fonfun's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=356.00/47.983
=7.42

* 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 fonfun was 12.22. The lowest was 1.00. And the median was 2.36.


Be Aware

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


fonfun Cyclically Adjusted Revenue per Share Related Terms


fonfun Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for fonfun'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.

fonfun Cyclically Adjusted Revenue per Share Chart

fonfun 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 32.83 31.51 32.40 36.27 43.16

fonfun Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 39.10 40.39 42.44 44.65 47.98

TSE:2323 vs IBM, ACN, CTSH: Cyclically Adjusted Revenue per Share Comparison

For the Information Technology Services subindustry, fonfun'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.


fonfun Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSE:2323
68GF Score
fonfun Corp TSE:2323
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

fonfun 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, fonfun's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=39.181/113.6000*113.6000
=39.181

Current CPI (Jun. 2026) = 113.6000.

fonfun Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.722 98.000 8.951
201612 8.875 98.400 10.246
201703 10.194 98.100 11.805
201706 7.496 98.500 8.645
201709 8.019 98.800 9.220
201712 7.865 99.400 8.989
201803 9.642 99.200 11.042
201806 7.588 99.200 8.689
201809 7.867 99.900 8.946
201812 8.270 99.700 9.423
201903 8.055 99.700 9.178
201906 8.794 99.800 10.010
201909 6.915 100.100 7.848
201912 7.672 100.500 8.672
202003 7.236 100.300 8.196
202006 7.675 99.900 8.728
202009 7.380 99.900 8.392
202012 7.346 99.300 8.404
202103 7.189 99.900 8.175
202106 7.354 99.500 8.396
202109 6.452 100.100 7.322
202112 6.710 100.100 7.615
202203 7.279 101.100 8.179
202206 6.833 101.800 7.625
202209 6.995 103.100 7.707
202212 9.221 104.100 10.062
202303 8.865 104.400 9.646
202306 8.611 105.200 9.299
202309 7.986 106.200 8.542
202312 8.557 106.800 9.102
202403 9.812 107.200 10.398
202406 11.779 108.200 12.367
202409 10.433 108.900 10.883
202412 19.162 110.700 19.664
202503 19.569 111.100 20.009
202506 20.462 111.700 20.810
202509 20.251 112.000 20.540
202512 25.397 113.000 25.532
202603 33.123 112.700 33.388
202606 39.181 113.600 39.181

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47.98 mean?
fonfun (TSE:2323) has a Cyclically Adjusted Revenue per Share of 円47.98 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on fonfun and its competitors.
Is fonfun's Cyclically Adjusted Revenue per Share too high?
fonfun's current Cyclically Adjusted Revenue per Share is 円47.98. Overall, fonfun has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does fonfun's Cyclically Adjusted Revenue per Share compare to IBM and ACN?
fonfun's Cyclically Adjusted Revenue per Share of 円47.98 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 fonfun and its competitors. fonfun's current Cyclically Adjusted Revenue per Share is 円47.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is fonfun stock overvalued right now?
Based on GuruFocus' analysis, fonfun (TSE:2323) is currently considered Modestly Undervalued. The stock's GF Value™ is 円443.58, compared to a current price of 円356.00 — trading 19.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円47.98. fonfun's overall GF Score™ is 68/100 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 fonfun (TSE:2323), the current Cyclically Adjusted Revenue per Share is 円47.98 as of Jun. 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 fonfun (TSE:2323) Overvalued in 2026?

Based on GuruFocus' analysis, fonfun stock appears to be undervalued. The current stock price of 円356.00 is trading 19.7% below its estimated GF Value™ of 円443.58. GuruFocus considers fonfun to be Modestly Undervalued.

Key valuation signals for TSE:2323:

  • Cyclically Adjusted Revenue per Share: 円47.98
  • GF Value™: 円443.58 vs. price of 円356.00 (19.7% below fair value)
  • GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the TSE:2323 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


fonfun Business Description

Address 2-1-6 Sasazuka Shibuya-ku, JMF Building Sasazuka 01, 6th floor, Tokyo, JPN
fonfun Corp provides various content services with a focus on services for the Internet-enabled mobile phone. Its web security business provides web application diagnosis and network diagnostics. Its segments include: Remote mail business, SMS business, Contracted software development business, and Voice mail business. The company derives maximum revenue from SMS business.
68GF Score

Get the complete analysis for TSE:2323

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

円356.00
Price
円443.58
GF Value