Hatena Co (TSE:3930) Cyclically Adjusted Revenue per Share: 円1,010.37 (As of Apr. 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:3930 Hatena Co Ltd TSE:3930
66 GF Score
Price 円769.00
GF Value 円978.49
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Hatena Co Cyclically Adjusted Revenue per Share?

Hatena Co TSE:3930 -0.13% 66 Cyclically Adjusted Revenue per Share is 円1,010.37 as of Apr. 2026. GuruFocus rates TSE:3930 with a GF Score™ of 66/100 and a GF Value™ of 円978.49 (Modestly Undervalued). The stock has 3 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.

Hatena Co's adjusted revenue per share for the three months ended in Apr. 2026 was 円306.538. 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1,010.37 for the trailing ten years ended in Apr. 2026.

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.

As of today (2026-09-16), Hatena Co's current stock price is 円769.00. Hatena Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was 円1,010.37. Hatena Co's Cyclically Adjusted PS Ratio of today is 0.76.

During the past 11 years, the highest Cyclically Adjusted PS Ratio of Hatena Co was 1.50. The lowest was 0.74. And the median was 0.98.


Hatena Co  (TSE:3930) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=769.00/1010.367
=0.76

* 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 11 years, the highest Cyclically Adjusted PS Ratio of Hatena Co was 1.50. The lowest was 0.74. And the median was 0.98.


Be Aware

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


Hatena Co Cyclically Adjusted Revenue per Share Related Terms


Hatena Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Hatena 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.

Hatena Co Cyclically Adjusted Revenue per Share Chart

Hatena Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 775.34 864.94 963.65

Hatena Co Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 888.04 964.31 980.61 996.87 1,010.37

TSE:3930 vs GOOGL, META, SPOT: Cyclically Adjusted Revenue per Share Comparison

For the Internet Content & Information subindustry, Hatena 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.


Hatena Co Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Hatena Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3930
66GF Score
Hatena Co Ltd TSE:3930
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hatena 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, Hatena Co's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=306.538/113.0000*113.0000
=306.538

Current CPI (Apr. 2026) = 113.0000.

Hatena Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201604 156.621 98.100 180.410
201607 99.611 97.900 114.975
201610 154.529 98.600 177.097
201701 146.210 98.200 168.246
201704 165.465 98.500 189.823
201707 157.454 98.300 181.000
201710 156.408 98.800 178.888
201801 153.177 99.500 173.960
201804 199.545 99.100 227.534
201807 181.327 99.200 206.552
201810 218.577 100.200 246.499
201901 194.195 99.700 220.101
201904 237.348 100.000 268.203
201907 170.799 99.800 193.390
201910 202.241 100.400 227.622
202001 206.391 100.500 232.062
202004 232.603 100.200 262.317
202007 190.656 100.000 215.441
202010 186.405 99.800 211.060
202101 202.447 99.800 229.224
202104 253.984 99.100 289.608
202107 215.149 99.700 243.850
202110 241.735 99.900 273.434
202201 258.647 100.300 291.397
202204 250.869 101.500 279.293
202207 256.226 102.300 283.026
202210 258.407 103.700 281.581
202301 264.459 104.700 285.424
202304 257.416 105.100 276.765
202307 273.810 105.700 292.720
202310 271.050 107.100 285.982
202401 277.858 106.900 293.713
202404 255.788 107.700 268.376
202407 314.953 108.600 327.714
202501 338.184 111.200 343.658
202504 310.537 111.500 314.715
202507 301.360 111.900 304.322
202510 294.003 112.800 294.524
202601 308.905 112.900 309.179
202604 306.538 113.000 306.538

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1,010.37 mean?
Hatena Co (TSE:3930) has a Cyclically Adjusted Revenue per Share of 円1,010.37 as of Apr. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Hatena Co and its competitors.
Is Hatena Co's Cyclically Adjusted Revenue per Share too high?
Hatena Co's current Cyclically Adjusted Revenue per Share is 円1,010.37. Overall, Hatena Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hatena Co's Cyclically Adjusted Revenue per Share compare to GOOGL and META?
Hatena Co's Cyclically Adjusted Revenue per Share of 円1,010.37 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Cyclically Adjusted Revenue per Share depends on the Interactive Media 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 Hatena Co and its competitors. Hatena Co's current Cyclically Adjusted Revenue per Share is 円1,010.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hatena Co stock overvalued right now?
Based on GuruFocus' analysis, Hatena Co (TSE:3930) is currently considered Modestly Undervalued. The stock's GF Value™ is 円978.49, compared to a current price of 円769.00 — trading 21.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円1,010.37. Hatena Co's overall GF Score™ is 66/100 with 3 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 Hatena Co (TSE:3930), the current Cyclically Adjusted Revenue per Share is 円1,010.37 as of Apr. 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 Hatena Co (TSE:3930) Overvalued in 2026?

Based on GuruFocus' analysis, Hatena Co stock appears to be undervalued. The current stock price of 円769.00 is trading 21.4% below its estimated GF Value™ of 円978.49. GuruFocus considers Hatena Co to be Modestly Undervalued.

Key valuation signals for TSE:3930:

  • Cyclically Adjusted Revenue per Share: 円1,010.37
  • GF Value™: 円978.49 vs. price of 円769.00 (21.4% below fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the TSE:3930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hatena Co Business Description

Address Takamiya-cho 206, Yubinbango, Kyoto Prefecture Oike Aino-cho HigashiIri, Oike building, 9th floor, Nakagyo-ku, Kyoto, JPN, 604-0835
Hatena Co Ltd provides internet content platform services and content marketing services technology solutions. Its content platform services include the blog, bookmark services, and shared dictionary service.
66GF Score

Get the complete analysis for TSE:3930

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

円769.00
Price
円978.49
GF Value