Value Golf (TSE:3931) Cyclically Adjusted Revenue per Share: 円 (As of Jul. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:3931 Value Golf Inc TSE:3931
48 GF Score
Price 円1,496.00
GF Value 円1,280.66
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Value Golf Cyclically Adjusted Revenue per Share?

Value Golf TSE:3931 48 Cyclically Adjusted Revenue per Share is 円 as of Jul. 2026. GuruFocus rates TSE:3931 with a GF Score™ of 48/100 and a GF Value™ of 円1,280.66 (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.

Value Golf's adjusted revenue per share for the three months ended in Jul. 2026 was 円573.713. 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 for the trailing ten years ended in Jul. 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 (2026-09-20), Value Golf's current stock price is 円1496.00. Value Golf's Cyclically Adjusted Revenue per Share for the quarter that ended in Jul. 2026 was . Value Golf's Cyclically Adjusted PS Ratio of today is .

During the past 11 years, the highest Cyclically Adjusted PS Ratio of Value Golf was 0.81. The lowest was 0.59. And the median was 0.64.


Value Golf  (TSE:3931) 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.

During the past 11 years, the highest Cyclically Adjusted PS Ratio of Value Golf was 0.81. The lowest was 0.59. And the median was 0.64.


Be Aware

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


Value Golf Cyclically Adjusted Revenue per Share Related Terms


Value Golf Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Value Golf'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.

Value Golf Cyclically Adjusted Revenue per Share Chart

Value Golf Annual Data
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Cyclically Adjusted Revenue per Share
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Value Golf Quarterly Data
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TSE:3931 vs NYT, WLY: Cyclically Adjusted Revenue per Share Comparison

For the Publishing subindustry, Value Golf'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.


Value Golf Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Value Golf's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:3931
48GF Score
Value Golf Inc TSE:3931
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Value Golf 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, Value Golf's adjusted Revenue per Share data for the three months ended in Jul. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=573.713/114.2000*114.2000
=573.713

Current CPI (Jul. 2026) = 114.2000.

Value Golf Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201610 275.293 98.600 318.848
201701 344.880 98.200 401.072
201704 407.541 98.500 472.499
201707 462.008 98.300 536.738
201710 426.916 98.800 493.460
201801 441.958 99.500 507.252
201804 410.816 99.100 473.413
201807 435.206 99.200 501.013
201810 779.862 100.200 888.825
201901 915.032 99.700 1,048.111
201904 775.825 100.000 885.992
201907 805.647 99.800 921.893
201910 720.460 100.400 819.487
202001 809.568 100.500 919.927
202004 632.931 100.200 721.364
202007 578.007 100.000 660.084
202010 566.996 99.800 648.807
202101 637.986 99.800 730.040
202104 566.465 99.100 652.778
202107 607.039 99.700 695.325
202110 589.684 99.900 674.093
202201 608.224 100.300 692.514
202204 604.755 101.500 680.424
202207 671.716 102.300 749.853
202210 625.664 103.700 689.015
202301 557.710 104.700 608.314
202304 479.619 105.100 521.146
202307 511.122 105.700 552.225
202310 542.362 107.100 578.317
202401 490.762 106.900 524.275
202404 558.626 107.700 592.341
202407 591.573 108.600 622.078
202410 571.050 109.500 595.561
202501 563.456 111.200 578.657
202504 665.696 111.500 681.816
202507 634.986 111.900 648.038
202510 584.020 112.800 591.268
202601 565.319 112.900 571.828
202604 659.450 113.000 666.453
202607 573.713 114.200 573.713

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 mean?
Value Golf (TSE:3931) has a Cyclically Adjusted Revenue per Share of 円 as of Jul. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Value Golf and its competitors.
Is Value Golf's Cyclically Adjusted Revenue per Share too high?
Value Golf's current Cyclically Adjusted Revenue per Share is 円. Overall, Value Golf has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Value Golf's Cyclically Adjusted Revenue per Share compare to NYT and WLY?
Value Golf's Cyclically Adjusted Revenue per Share of 円 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Cyclically Adjusted Revenue per Share depends on the Media - Diversified 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 Value Golf and its competitors. Value Golf's current Cyclically Adjusted Revenue per Share is 円. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value Golf stock overvalued right now?
Based on GuruFocus' analysis, Value Golf (TSE:3931) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,280.66, compared to a current price of 円1,496.00 — trading 16.8% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円. Value Golf's overall GF Score™ is 48/100 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 Value Golf (TSE:3931), the current Cyclically Adjusted Revenue per Share is 円 as of Jul. 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 Value Golf (TSE:3931) Overvalued in 2026?

Based on GuruFocus' analysis, Value Golf stock appears to be overvalued. The current stock price of 円1,496.00 is trading 16.8% above its estimated GF Value™ of 円1,280.66. GuruFocus considers Value Golf to be Modestly Overvalued.

Key valuation signals for TSE:3931:

  • Cyclically Adjusted Revenue per Share:
  • GF Value™: 円1,280.66 vs. price of 円1,496.00 (16.8% above fair value)
  • GF Score™: 48/100 with 7 warning signs

No single metric tells the full story. See the TSE:3931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Value Golf Business Description

Address Shiba 4-chome Minato-ku, Tokyo Fast Okada Building, 4th and 5th floor, Tokyo, JPN, 108-0014
Value Golf Inc is engaged in the management of golf-related media, issues Golf magazines, and manages WEB services, develops systems and provides ASP services related to golf. It offers value service in both real and WEB. It also has advertisement media production business and medical business which include publication, service management for medical institutions.
48GF Score

Get the complete analysis for TSE:3931

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

円1,496.00
Price
円1,280.66
GF Value