EM Systems Co (TSE:4820) Cyclically Adjusted Revenue per Share: 円259.86 (As of Dec. 2025)

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TSE:4820 EM Systems Co Ltd TSE:4820
74 GF Score
Price 円567.00
GF Value 円751.92
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is EM Systems Co Cyclically Adjusted Revenue per Share?

EM Systems Co TSE:4820 +1.98% 74 Cyclically Adjusted Revenue per Share is 円259.86 as of Dec. 2025. GuruFocus rates TSE:4820 with a GF Score™ of 74/100 and a GF Value™ of 円751.92 (Modestly Undervalued). The stock has 4 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.

EM Systems Co's adjusted revenue per share for the three months ended in Dec. 2025 was 円79.859. 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259.86 for the trailing ten years ended in Dec. 2025.

During the past 12 months, EM Systems Co's average Cyclically Adjusted Revenue Growth Rate was 7.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.80% 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 EM Systems Co was 8.50% per year. The lowest was 3.30% per year. And the median was 6.60% per year.

As of today (2026-07-30), EM Systems Co's current stock price is 円567.00. EM Systems Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was 円259.86. EM Systems Co's Cyclically Adjusted PS Ratio of today is 2.18.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of EM Systems Co was 6.09. The lowest was 1.87. And the median was 3.80.


EM Systems Co  (TSE:4820) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=567.00/259.86
=2.18

* 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 EM Systems Co was 6.09. The lowest was 1.87. And the median was 3.80.


Be Aware

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


EM Systems Co Cyclically Adjusted Revenue per Share Related Terms


EM Systems Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for EM Systems 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.

EM Systems Co Cyclically Adjusted Revenue per Share Chart

EM Systems Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 189.34 203.46 218.19 241.91 259.86

EM Systems Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 246.65 251.32 254.93 259.86 0.00

TSE:4820 vs VEEV, BTSG, HQY: Cyclically Adjusted Revenue per Share Comparison

For the Health Information Services subindustry, EM Systems 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.


EM Systems Co Cyclically Adjusted PS Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, EM Systems Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4820
74GF Score
EM Systems Co Ltd TSE:4820
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

EM Systems 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, EM Systems Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=79.859/113.0000*113.0000
=79.859

Current CPI (Dec. 2025) = 113.0000.

EM Systems Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 52.606 97.900 60.720
201606 42.974 98.100 49.501
201609 49.421 98.000 56.985
201612 46.869 98.400 53.823
201703 53.790 98.100 61.960
201706 43.751 98.500 50.192
201709 52.677 98.800 60.248
201712 50.114 99.400 56.971
201803 49.278 99.200 56.133
201806 44.872 99.200 51.114
201809 48.092 99.900 54.398
201812 42.073 99.700 47.686
201903 49.342 99.700 55.924
201906 46.129 99.800 52.230
201909 53.104 100.100 59.948
201912 45.058 100.500 50.662
202003 51.680 100.300 58.224
202006 40.913 99.900 46.278
202009 47.554 99.900 53.790
202012 46.756 99.300 53.207
202103 46.373 99.900 52.454
202106 47.336 99.500 53.758
202109 51.971 100.100 58.669
202112 56.652 100.100 63.953
202203 55.988 101.100 62.578
202206 58.790 101.800 65.258
202209 60.969 103.100 66.823
202212 62.550 104.100 67.898
202303 68.908 104.400 74.584
202306 69.589 105.200 74.749
202309 75.982 106.200 80.847
202312 72.694 106.800 76.914
202403 78.833 107.200 83.098
202406 76.907 108.200 80.319
202409 96.202 108.900 99.824
202412 100.549 110.700 102.638
202503 96.790 111.100 98.445
202506 78.321 111.700 79.233
202509 85.949 112.000 86.716
202512 79.859 113.000 79.859

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259.86 mean?
EM Systems Co (TSE:4820) has a Cyclically Adjusted Revenue per Share of 円259.86 as of Dec. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on EM Systems Co and its competitors.
Is EM Systems Co's Cyclically Adjusted Revenue per Share too high?
EM Systems Co's current Cyclically Adjusted Revenue per Share is 円259.86. Overall, EM Systems Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EM Systems Co's Cyclically Adjusted Revenue per Share compare to VEEV and BTSG?
EM Systems Co's Cyclically Adjusted Revenue per Share of 円259.86 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Cyclically Adjusted Revenue per Share depends on the Healthcare Providers & Services 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 EM Systems Co and its competitors. EM Systems Co's current Cyclically Adjusted Revenue per Share is 円259.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EM Systems Co stock overvalued right now?
Based on GuruFocus' analysis, EM Systems Co (TSE:4820) is currently considered Modestly Undervalued. The stock's GF Value™ is 円751.92, compared to a current price of 円567.00 — trading 24.6% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円259.86. EM Systems Co's overall GF Score™ is 74/100 with 4 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 EM Systems Co (TSE:4820), the current Cyclically Adjusted Revenue per Share is 円259.86 as of Dec. 2025. 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 EM Systems Co (TSE:4820) Overvalued in 2026?

Based on GuruFocus' analysis, EM Systems Co stock appears to be undervalued. The current stock price of 円567.00 is trading 24.6% below its estimated GF Value™ of 円751.92. GuruFocus considers EM Systems Co to be Modestly Undervalued.

Key valuation signals for TSE:4820:

  • Cyclically Adjusted Revenue per Share: 円259.86
  • GF Value™: 円751.92 vs. price of 円567.00 (24.6% below fair value)
  • GF Score™: 74/100 with 4 warning signs

No single metric tells the full story. See the TSE:4820 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


EM Systems Co Business Description

Address 6-1, Miyahara 1-chome, Yodogawa-ku, Osaka, JPN, 532-0003
EM Systems Co Ltd is a Japan-based company that develops, sells, and maintains systems for the medical (clinics and insurance pharmacies) and nursing/welfare industries. It operates its business in three divisions: Pharmacy System Business develops and sells systems for pharmacies, and provides related supplies and maintenance services; Medical system involved in the development and sales of medical office administration computer systems for medical institutions and clinics; Nursing Care/Welfare Systems Business products are systems for nursing care/welfare service providers and medical and nursing care collaboration solutions; Other businesses operates through its subsidiray that provides promotes cashless payments for clinics and pharmacies and Others services.
74GF Score

Get the complete analysis for TSE:4820

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

円567.00
Price
円751.92
GF Value