Harada Industry Co (TSE:6904) Cyclically Adjusted Revenue per Share: 円2,104.76 (As of Mar. 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:6904 Harada Industry Co Ltd TSE:6904
64 GF Score
Price 円451.00
GF Value 円507.81
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Harada Industry Co Cyclically Adjusted Revenue per Share?

Harada Industry Co TSE:6904 +0.45% 64 Cyclically Adjusted Revenue per Share is 円2,104.76 as of Mar. 2026. GuruFocus rates TSE:6904 with a GF Score™ of 64/100 and a GF Value™ of 円507.81 (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.

Harada Industry Co's adjusted revenue per share for the three months ended in Mar. 2026 was 円528.326. 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2,104.76 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.80% 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 Harada Industry Co was 6.60% per year. The lowest was 2.60% per year. And the median was 4.70% per year.

As of today (2026-08-10), Harada Industry Co's current stock price is 円451.00. Harada Industry Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,104.76. Harada Industry Co's Cyclically Adjusted PS Ratio of today is 0.21.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Harada Industry Co was 0.73. The lowest was 0.21. And the median was 0.49.


Harada Industry Co  (TSE:6904) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=451.00/2104.76
=0.21

* 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 Harada Industry Co was 0.73. The lowest was 0.21. And the median was 0.49.


Be Aware

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


Harada Industry Co Cyclically Adjusted Revenue per Share Related Terms


Harada Industry Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Harada Industry 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.

Harada Industry Co Cyclically Adjusted Revenue per Share Chart

Harada Industry Co 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 1,833.54 1,936.45 2,017.62 0.00 2,104.76

Harada Industry Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 0.00 2,103.11 2,100.39 2,115.71 2,104.76

TSE:6904 vs CSCO, MSI, HPE: Cyclically Adjusted Revenue per Share Comparison

For the Communication Equipment subindustry, Harada Industry 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.


Harada Industry Co Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Harada Industry Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:6904
64GF Score
Harada Industry Co Ltd TSE:6904
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harada Industry 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, Harada Industry Co'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)
=528.326/112.7000*112.7000
=528.326

Current CPI (Mar. 2026) = 112.7000.

Harada Industry Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 485.211 98.100 557.424
201603 527.126 97.900 606.814
201606 472.903 98.100 543.284
201609 462.882 98.000 532.314
201612 437.659 98.400 501.262
201703 504.994 98.100 580.151
201706 494.016 98.500 565.235
201709 495.526 98.800 565.241
201712 474.293 99.400 537.755
201803 510.198 99.200 579.630
201806 490.977 99.200 557.793
201809 490.384 99.900 553.216
201812 497.656 99.700 562.546
201903 504.165 99.700 569.904
201906 489.915 99.800 553.241
201909 483.966 100.100 544.885
201912 465.215 100.500 521.689
202003 452.177 100.300 508.079
202006 371.764 99.900 419.397
202009 270.519 99.900 305.180
202012 459.787 99.300 521.833
202103 493.510 99.900 556.743
202106 456.712 99.500 517.301
202109 380.986 100.100 428.942
202112 389.213 100.100 438.205
202203 419.462 101.100 467.590
202206 442.285 101.800 489.642
202209 460.506 103.100 503.385
202212 517.873 104.100 560.656
202303 515.148 104.400 556.103
202306 494.290 105.200 529.529
202309 552.201 106.200 585.999
202312 582.807 106.800 615.003
202403 531.210 107.200 558.464
202409 0.000 108.900 0.000
202503 0.000 111.100 0.000
202506 478.664 111.700 482.949
202509 482.558 112.000 485.574
202512 505.320 113.000 503.978
202603 528.326 112.700 528.326

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2,104.76 mean?
Harada Industry Co (TSE:6904) has a Cyclically Adjusted Revenue per Share of 円2,104.76 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 Harada Industry Co and its competitors.
Is Harada Industry Co's Cyclically Adjusted Revenue per Share too high?
Harada Industry Co's current Cyclically Adjusted Revenue per Share is 円2,104.76. Overall, Harada Industry Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harada Industry Co's Cyclically Adjusted Revenue per Share compare to CSCO and MSI?
Harada Industry Co's Cyclically Adjusted Revenue per Share of 円2,104.76 can be compared against companies in the Hardware 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 Hardware company?
A good Cyclically Adjusted Revenue per Share depends on the Hardware 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 Harada Industry Co and its competitors. Harada Industry Co's current Cyclically Adjusted Revenue per Share is 円2,104.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harada Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Harada Industry Co (TSE:6904) is currently considered Modestly Undervalued. The stock's GF Value™ is 円507.81, compared to a current price of 円451.00 — trading 11.2% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円2,104.76. Harada Industry Co's overall GF Score™ is 64/100 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 Harada Industry Co (TSE:6904), the current Cyclically Adjusted Revenue per Share is 円2,104.76 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 Harada Industry Co (TSE:6904) Overvalued in 2026?

Based on GuruFocus' analysis, Harada Industry Co stock appears to be undervalued. The current stock price of 円451.00 is trading 11.2% below its estimated GF Value™ of 円507.81. GuruFocus considers Harada Industry Co to be Modestly Undervalued.

Key valuation signals for TSE:6904:

  • Cyclically Adjusted Revenue per Share: 円2,104.76
  • GF Value™: 円507.81 vs. price of 円451.00 (11.2% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the TSE:6904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harada Industry Co Business Description

Address Omori Bellport B-4F, 26-2 Minami-Ohi 6-Chome, Shinagawa-ku, Tokyo, JPN, 140-0013
Harada Industry Co Ltd manufactures and sells automotive antennas, wireless and data communications antennas, mobile device antennas, actuators, and various automotive parts, electronic devices, and components. It manufactures antennas for radio, GPS, telephone, DSRC, ETC, television. It also provides cables, such as copper clad aluminum, coaxial, and shielded twisted pair cables, as well as connectors.
64GF Score

Get the complete analysis for TSE:6904

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

円451.00
Price
円507.81
GF Value