The Why How Do Co (TSE:3823) Cyclically Adjusted Revenue per Share: 円63.80 (As of Feb. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:3823 The Why How Do Co Inc TSE:3823
43 GF Score
Price 円31.00
GF Value 円67.38
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is The Why How Do Co Cyclically Adjusted Revenue per Share?

The Why How Do Co TSE:3823 43 Cyclically Adjusted Revenue per Share is 円63.80 as of Feb. 2026. GuruFocus rates TSE:3823 with a GF Score™ of 43/100 and a GF Value™ of 円67.38 (Possible Value Trap). The stock has 6 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.

The Why How Do Co's adjusted revenue per share for the three months ended in Feb. 2026 was 円6.893. 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63.80 for the trailing ten years ended in Feb. 2026.

During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -21.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -17.60% 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 The Why How Do Co was -12.80% per year. The lowest was -21.40% per year. And the median was -14.70% per year.

As of today (2026-08-19), The Why How Do Co's current stock price is 円31.00. The Why How Do Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was 円63.80. The Why How Do Co's Cyclically Adjusted PS Ratio of today is 0.49.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of The Why How Do Co was 2.10. The lowest was 0.36. And the median was 1.04.


The Why How Do Co  (TSE:3823) 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.

The Why How Do Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=31.00/63.80
=0.49

* 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 The Why How Do Co was 2.10. The lowest was 0.36. And the median was 1.04.


Be Aware

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


The Why How Do Co Cyclically Adjusted Revenue per Share Related Terms


The Why How Do Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for The Why How Do 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.

The Why How Do Co Cyclically Adjusted Revenue per Share Chart

The Why How Do Co Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 171.91 153.72 134.02 100.14 74.56

The Why How Do Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26
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 72.22 69.85 68.05 63.80

TSE:3823 vs QH, SHOP, UBER: Cyclically Adjusted Revenue per Share Comparison

For the Software - Application subindustry, The Why How Do 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.


The Why How Do Co Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, The Why How Do Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3823
43GF Score
The Why How Do Co Inc TSE:3823
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Why How Do 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, The Why How Do 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)
=6.893/112.2000*112.2000
=6.893

Current CPI (Feb. 2026) = 112.2000.

The Why How Do Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201602 45.033 97.800 51.664
201605 30.084 98.200 34.373
201608 38.816 97.900 44.486
201611 43.181 98.600 49.137
201702 42.785 98.100 48.935
201705 39.196 98.600 44.602
201708 25.248 98.500 28.760
201711 16.767 99.100 18.983
201802 13.741 99.500 15.495
201805 13.289 99.300 15.015
201808 12.883 99.800 14.484
201811 17.295 100.000 19.405
201902 17.244 99.700 19.406
201905 14.666 100.000 16.455
201908 16.547 100.000 18.566
201911 13.248 100.500 14.790
202002 12.214 100.300 13.663
202005 7.507 100.100 8.414
202008 10.220 100.100 11.455
202011 8.583 99.500 9.679
202102 7.704 99.800 8.661
202105 7.957 99.400 8.982
202108 6.898 99.700 7.763
202111 8.401 100.100 9.417
202202 8.317 100.700 9.267
202205 6.003 101.800 6.616
202208 5.853 102.700 6.394
202211 6.738 103.900 7.276
202302 8.125 104.000 8.766
202305 6.372 105.100 6.802
202308 5.902 105.900 6.253
202311 5.358 106.900 5.624
202402 3.817 106.900 4.006
202405 2.125 108.100 2.206
202408 2.797 109.100 2.876
202502 0.000 110.800 0.000
202505 5.162 111.800 5.180
202508 5.020 112.100 5.024
202511 6.327 113.200 6.271
202602 6.893 112.200 6.893

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63.80 mean?
The Why How Do Co (TSE:3823) has a Cyclically Adjusted Revenue per Share of 円63.80 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 The Why How Do Co and its competitors.
Is The Why How Do Co's Cyclically Adjusted Revenue per Share too high?
The Why How Do Co's current Cyclically Adjusted Revenue per Share is 円63.80. Overall, The Why How Do Co has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Why How Do Co's Cyclically Adjusted Revenue per Share compare to QH and SHOP?
The Why How Do Co's Cyclically Adjusted Revenue per Share of 円63.80 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 The Why How Do Co and its competitors. The Why How Do Co's current Cyclically Adjusted Revenue per Share is 円63.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Why How Do Co stock overvalued right now?
Based on GuruFocus' analysis, The Why How Do Co (TSE:3823) is currently considered Possible Value Trap. The stock's GF Value™ is 円67.38, compared to a current price of 円31.00 — trading 54% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円63.80. The Why How Do Co's overall GF Score™ is 43/100 with 6 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 The Why How Do Co (TSE:3823), the current Cyclically Adjusted Revenue per Share is 円63.80 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 The Why How Do Co (TSE:3823) Overvalued in 2026?

Based on GuruFocus' analysis, The Why How Do Co stock appears to be undervalued. The current stock price of 円31.00 is trading 54% below its estimated GF Value™ of 円67.38. GuruFocus considers The Why How Do Co to be Possible Value Trap.

Key valuation signals for TSE:3823:

  • Cyclically Adjusted Revenue per Share: 円63.80
  • GF Value™: 円67.38 vs. price of 円31.00 (54% below fair value)
  • GF Score™: 43/100 with 6 warning signs

No single metric tells the full story. See the TSE:3823 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Why How Do Co Business Description

Address 22 Aizumi-cho, Daisan Yamada Building, Shinjuku-ku, Tokyo, JPN, 160-0005
The Why How Do Co Inc formerly Acrodea Inc is a software company. It is mainly engaged in the development of platform services for smartphones and IoT related solutions. In addition, the company provides social game and application related development and services.
43GF Score

Get the complete analysis for TSE:3823

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

円31.00
Price
円67.38
GF Value