TSI Holdings Co (TSE:3608) Cyclically Adjusted Revenue per Share: 円1,945.36 (As of Feb. 2026)

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TSE:3608 TSI Holdings Co Ltd TSE:3608
83 GF Score
Price 円1,231.00
GF Value 円1,327.78
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is TSI Holdings Co Cyclically Adjusted Revenue per Share?

TSI Holdings Co TSE:3608 +0.24% 83 Cyclically Adjusted Revenue per Share is 円1,945.36 as of Feb. 2026. GuruFocus rates TSE:3608 with a GF Score™ of 83/100 and a GF Value™ of 円1,327.78 (Fairly Valued). 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.

TSI Holdings Co's adjusted revenue per share for the three months ended in Feb. 2026 was 円804.815. 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1,945.36 for the trailing ten years ended in Feb. 2026.

During the past 12 months, TSI Holdings Co's average Cyclically Adjusted Revenue Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.80% 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 TSI Holdings Co was 4.80% per year. The lowest was 4.00% per year. And the median was 4.40% per year.

As of today (2026-07-26), TSI Holdings Co's current stock price is 円1231.00. TSI Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was 円1,945.36. TSI Holdings Co's Cyclically Adjusted PS Ratio of today is 0.63.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of TSI Holdings Co was 0.74. The lowest was 0.18. And the median was 0.44.


TSI Holdings Co  (TSE:3608) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1231.00/1945.36
=0.63

* 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 TSI Holdings Co was 0.74. The lowest was 0.18. And the median was 0.44.


Be Aware

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


TSI Holdings Co Cyclically Adjusted Revenue per Share Related Terms


TSI Holdings Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for TSI Holdings 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.

TSI Holdings Co Cyclically Adjusted Revenue per Share Chart

TSI Holdings Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,632.14 1,687.89 1,748.48 1,838.04 1,945.36

TSI Holdings Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 1,859.80 1,869.56 1,924.57 1,945.36 0.00

TSE:3608 vs RL, LEVI, VFC: Cyclically Adjusted Revenue per Share Comparison

For the Apparel Manufacturing subindustry, TSI Holdings 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.


TSI Holdings Co Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TSI Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3608
83GF Score
TSI Holdings Co Ltd TSE:3608
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSI Holdings 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, TSI Holdings Co's adjusted Revenue per Share data for the three months ended in Feb. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=804.815/112.2000*112.2000
=804.815

Current CPI (Feb. 2026) = 112.2000.

TSI Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201605 373.428 98.200 426.666
201608 321.788 97.900 368.791
201611 365.020 98.600 415.368
201702 385.935 98.100 441.406
201705 370.257 98.600 421.327
201708 339.032 98.500 386.187
201711 409.703 99.100 463.862
201802 404.344 99.500 455.954
201805 395.681 99.300 447.084
201808 371.458 99.800 417.611
201811 441.956 100.000 495.875
201902 503.605 99.700 566.745
201905 454.811 100.000 510.298
201908 417.152 100.000 468.045
201911 470.654 100.500 525.447
202002 476.173 100.300 532.668
202005 236.254 100.100 264.812
202008 378.276 100.100 424.002
202011 454.141 99.500 512.107
202102 408.514 99.800 459.271
202105 379.147 99.400 427.971
202108 338.199 99.700 380.601
202111 433.571 100.100 485.981
202202 403.427 100.700 449.499
202205 425.592 101.800 469.071
202208 386.832 102.700 422.615
202211 501.970 103.900 542.070
202302 460.332 104.000 496.627
202305 470.743 105.100 502.544
202308 410.723 105.900 435.157
202311 517.165 106.900 542.806
202402 526.914 106.900 553.038
202405 524.374 108.100 544.262
202408 490.105 109.100 504.031
202411 559.682 110.000 570.876
202502 559.233 110.800 566.299
202505 515.238 111.800 517.081
202508 455.225 112.100 455.631
202511 786.001 113.200 779.058
202602 804.815 112.200 804.815

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1,945.36 mean?
TSI Holdings Co (TSE:3608) has a Cyclically Adjusted Revenue per Share of 円1,945.36 as of Feb. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on TSI Holdings Co and its competitors.
Is TSI Holdings Co's Cyclically Adjusted Revenue per Share too high?
TSI Holdings Co's current Cyclically Adjusted Revenue per Share is 円1,945.36. Overall, TSI Holdings Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TSI Holdings Co's Cyclically Adjusted Revenue per Share compare to RL and LEVI?
TSI Holdings Co's Cyclically Adjusted Revenue per Share of 円1,945.36 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Revenue per Share depends on the Manufacturing - Apparel & Accessories 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 TSI Holdings Co and its competitors. TSI Holdings Co's current Cyclically Adjusted Revenue per Share is 円1,945.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSI Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, TSI Holdings Co (TSE:3608) is currently considered Fairly Valued. The stock's GF Value™ is 円1,327.78, compared to a current price of 円1,231.00 — trading 7.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円1,945.36. TSI Holdings Co's overall GF Score™ is 83/100 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 TSI Holdings Co (TSE:3608), the current Cyclically Adjusted Revenue per Share is 円1,945.36 as of Feb. 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 TSI Holdings Co (TSE:3608) Overvalued in 2026?

Based on GuruFocus' analysis, TSI Holdings Co stock appears to be undervalued. The current stock price of 円1,231.00 is trading 7.3% below its estimated GF Value™ of 円1,327.78. GuruFocus considers TSI Holdings Co to be Fairly Valued.

Key valuation signals for TSE:3608:

  • Cyclically Adjusted Revenue per Share: 円1,945.36
  • GF Value™: 円1,327.78 vs. price of 円1,231.00 (7.3% below fair value)
  • GF Score™: 83/100 with 2 warning signs

No single metric tells the full story. See the TSE:3608 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TSI Holdings Co Business Description

Address 8-5-27 Akasaka, Minato-ku, Tokyo, JPN
TSI Holdings Co Ltd is an apparel manufacturer that owns and licenses dozens of brands that it sells through department stores, other retail stores and shopping centers, and e-commerce channels. The majority of the company's sales are in Japan, with the remainder coming from China and other parts of Asia. TSI's highest-selling brands, which collectively account for more than half of the company's total revenue, include nano, Natural Beauty Basic, Margaret Howell, Pearly Gates, Rose Bud, Stussy, Proportion Body Dressing, Free's Mart, Human Woman, and Callaway Apparel.
83GF Score

Get the complete analysis for TSE:3608

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

円1,231.00
Price
円1,327.78
GF Value