Oji Holdings (TSE:3861) Cyclically Adjusted Revenue per Share: 円1,774.20 (As of Mar. 2026)

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TSE:3861 Oji Holdings Corp TSE:3861
70 GF Score
Price 円866.40
GF Value 円745.39
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Oji Holdings Cyclically Adjusted Revenue per Share?

Oji Holdings TSE:3861 +0.53% 70 Cyclically Adjusted Revenue per Share is 円1,774.20 as of Mar. 2026. GuruFocus rates TSE:3861 with a GF Score™ of 70/100 and a GF Value™ of 円745.39 (Modestly Overvalued). The stock has 7 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.

Oji Holdings's adjusted revenue per share for the three months ended in Mar. 2026 was 円515.295. 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1,774.20 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Oji Holdings's average Cyclically Adjusted Revenue Growth Rate was 3.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.50% 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 Oji Holdings was 5.20% per year. The lowest was 1.90% per year. And the median was 2.80% per year.

As of today (2026-08-18), Oji Holdings's current stock price is 円866.40. Oji Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,774.20. Oji Holdings's Cyclically Adjusted PS Ratio of today is 0.49.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Oji Holdings was 0.62. The lowest was 0.30. And the median was 0.40.


Oji Holdings  (TSE:3861) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=866.40/1774.20
=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 Oji Holdings was 0.62. The lowest was 0.30. And the median was 0.40.


Be Aware

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


Oji Holdings Cyclically Adjusted Revenue per Share Related Terms


Oji Holdings Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Oji 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.

Oji Holdings Cyclically Adjusted Revenue per Share Chart

Oji 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 1,471.68 1,554.46 1,617.23 1,712.47 1,774.20

Oji Holdings 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 1,729.92 1,742.85 1,769.55 1,774.20 0.00

Oji Holdings Cyclically Adjusted Revenue per Share Competitor Comparison

For the Paper & Paper Products subindustry, Oji 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.


Oji Holdings Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Oji Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3861
70GF Score
Oji Holdings Corp TSE:3861
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oji 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, Oji 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)
=515.295/112.7000*112.7000
=515.295

Current CPI (Mar. 2026) = 112.7000.

Oji Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 354.319 98.100 407.051
201609 346.044 98.000 397.951
201612 361.789 98.400 414.366
201703 393.068 98.100 451.567
201706 354.420 98.500 405.514
201709 371.716 98.800 424.012
201712 388.955 99.400 440.998
201803 386.903 99.200 439.556
201806 382.939 99.200 435.053
201809 386.497 99.900 436.018
201812 412.617 99.700 466.419
201903 384.229 99.700 434.329
201906 379.170 99.800 428.181
201909 388.443 100.100 437.338
201912 377.796 100.500 423.658
202003 376.684 100.300 423.253
202006 325.116 99.900 366.773
202009 333.830 99.900 376.603
202012 354.142 99.300 401.932
202103 358.310 99.900 404.220
202106 345.881 99.500 391.767
202109 369.145 100.100 415.611
202112 380.439 100.100 428.326
202203 387.978 101.100 432.494
202206 402.863 101.800 445.999
202209 441.975 103.100 483.129
202212 463.060 104.100 501.315
202303 413.431 104.400 446.300
202306 423.923 105.200 454.146
202309 430.371 106.200 456.712
202312 449.094 106.800 473.904
202403 409.088 107.200 430.077
202406 444.797 108.200 463.296
202409 492.195 108.900 509.370
202412 469.072 110.700 477.547
202503 477.219 111.100 484.092
202506 494.076 111.700 498.499
202509 496.446 112.000 499.549
202512 521.155 113.000 519.771
202603 515.295 112.700 515.295

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1,774.20 mean?
Oji Holdings (TSE:3861) has a Cyclically Adjusted Revenue per Share of 円1,774.20 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 Oji Holdings and its competitors.
Is Oji Holdings' Cyclically Adjusted Revenue per Share too high?
Oji Holdings' current Cyclically Adjusted Revenue per Share is 円1,774.20. Overall, Oji Holdings has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oji Holdings' Cyclically Adjusted Revenue per Share compare to competitors?
Oji Holdings' Cyclically Adjusted Revenue per Share of 円1,774.20 can be compared against companies in the Forest Products 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 Forest Products company?
A good Cyclically Adjusted Revenue per Share depends on the Forest Products 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 Oji Holdings and its competitors. Oji Holdings's current Cyclically Adjusted Revenue per Share is 円1,774.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oji Holdings stock overvalued right now?
Based on GuruFocus' analysis, Oji Holdings (TSE:3861) is currently considered Modestly Overvalued. The stock's GF Value™ is 円745.39, compared to a current price of 円866.40 — trading 16.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円1,774.20. Oji Holdings' overall GF Score™ is 70/100 with 7 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 Oji Holdings (TSE:3861), the current Cyclically Adjusted Revenue per Share is 円1,774.20 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 Oji Holdings (TSE:3861) Overvalued in 2026?

Based on GuruFocus' analysis, Oji Holdings stock appears to be overvalued. The current stock price of 円866.40 is trading 16.2% above its estimated GF Value™ of 円745.39. GuruFocus considers Oji Holdings to be Modestly Overvalued.

Key valuation signals for TSE:3861:

  • Cyclically Adjusted Revenue per Share: 円1,774.20
  • GF Value™: 円745.39 vs. price of 円866.40 (16.2% above fair value)
  • GF Score™: 70/100 with 7 warning signs

No single metric tells the full story. See the TSE:3861 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Oji Holdings Business Description

Other Exchanges OJI:Germany
Address 7-5 Ginza, 4-chome, Chuo-ku, Tokyo, JPN, 104-0061
Oji Holdings Corp through its group companies, is engaged in the production and distribution of pulp, paper products, and converted paper products. The company operates through five segments. The Functional Materials segment covers specialty paper, thermal paper, adhesives, and films. The Living and Industrial Materials segment includes corrugated base paper, paperboard, packaging paper, household paper, and disposable diapers. The Print Information Media segment engages in newsprint, printing, publishing, and information paper. The Resource and Environmental Business segment spans pulp, energy, afforestation, and wood processing. The Others segment comprises trading, eco-friendly packaging, logistics, engineering, real estate, and liquid cartons.
70GF Score

Get the complete analysis for TSE:3861

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

円866.40
Price
円745.39
GF Value