Fukuda Denshi Co (TSE:6960) Cyclically Adjusted Revenue per Share: 円4,934.68 (As of Mar. 2026)

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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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TSE:6960 Fukuda Denshi Co Ltd TSE:6960
85 GF Score
Price 円11,360.00
GF Value 円7,341.63
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Fukuda Denshi Co Cyclically Adjusted Revenue per Share?

Fukuda Denshi Co TSE:6960 -2.41% 85 Cyclically Adjusted Revenue per Share is 円4,934.68 as of Mar. 2026. GuruFocus rates TSE:6960 with a GF Score™ of 85/100 and a GF Value™ of 円7,341.63 (Significantly Overvalued). The stock has 5 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.

Fukuda Denshi Co's adjusted revenue per share for the three months ended in Mar. 2026 was 円1,485.361. 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4,934.68 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Fukuda Denshi Co's average Cyclically Adjusted Revenue Growth Rate was 2.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.70% 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 Fukuda Denshi Co was 5.50% per year. The lowest was 3.70% per year. And the median was 5.20% per year.

As of today (2026-07-30), Fukuda Denshi Co's current stock price is 円11360.00. Fukuda Denshi Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円4,934.68. Fukuda Denshi Co's Cyclically Adjusted PS Ratio of today is 2.30.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Fukuda Denshi Co was 2.49. The lowest was 0.83. And the median was 1.11.


Fukuda Denshi Co  (TSE:6960) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=11360.00/4934.68
=2.30

* 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 Fukuda Denshi Co was 2.49. The lowest was 0.83. And the median was 1.11.


Be Aware

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


Fukuda Denshi Co Cyclically Adjusted Revenue per Share Related Terms


Fukuda Denshi Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Fukuda Denshi 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.

Fukuda Denshi Co Cyclically Adjusted Revenue per Share Chart

Fukuda Denshi 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 4,171.97 4,420.08 4,604.66 4,818.92 4,934.68

Fukuda Denshi 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 4,818.92 4,856.96 4,873.77 4,935.32 4,934.68

TSE:6960 vs ABT, SYK, MDT: Cyclically Adjusted Revenue per Share Comparison

For the Medical Devices subindustry, Fukuda Denshi 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.


Fukuda Denshi Co Cyclically Adjusted PS Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Fukuda Denshi Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:6960
85GF Score
Fukuda Denshi Co Ltd TSE:6960
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fukuda Denshi 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, Fukuda Denshi 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)
=1485.361/112.7000*112.7000
=1,485.361

Current CPI (Mar. 2026) = 112.7000.

Fukuda Denshi Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 815.140 98.100 936.455
201609 944.672 98.000 1,086.373
201612 910.532 98.400 1,042.855
201703 1,304.225 98.100 1,498.330
201706 879.666 98.500 1,006.481
201709 1,054.249 98.800 1,202.569
201712 964.354 99.400 1,093.387
201803 1,336.411 99.200 1,518.281
201806 890.550 99.200 1,011.744
201809 1,017.184 99.900 1,147.514
201812 1,054.475 99.700 1,191.969
201903 1,301.630 99.700 1,471.351
201906 939.512 99.800 1,060.952
201909 1,261.838 100.100 1,420.671
201912 926.208 100.500 1,038.643
202003 1,258.035 100.300 1,413.565
202006 902.738 99.900 1,018.404
202009 1,103.677 99.900 1,245.089
202012 1,193.267 99.300 1,354.292
202103 1,653.571 99.900 1,865.440
202106 912.480 99.500 1,033.533
202109 1,127.550 100.100 1,269.479
202112 1,037.463 100.100 1,168.053
202203 1,290.291 101.100 1,438.336
202206 915.493 101.800 1,013.517
202209 1,155.128 103.100 1,262.686
202212 1,019.968 104.100 1,104.230
202303 1,360.893 104.400 1,469.087
202306 964.628 105.200 1,033.399
202309 1,235.034 106.200 1,310.625
202312 1,081.411 106.800 1,141.152
202403 1,397.957 107.200 1,469.681
202406 1,052.593 108.200 1,096.370
202409 1,178.595 108.900 1,219.721
202412 1,216.949 110.700 1,238.935
202503 1,374.128 111.100 1,393.917
202506 1,083.078 111.700 1,092.774
202509 1,242.503 112.000 1,250.269
202512 1,234.590 113.000 1,231.312
202603 1,485.361 112.700 1,485.361

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4,934.68 mean?
Fukuda Denshi Co (TSE:6960) has a Cyclically Adjusted Revenue per Share of 円4,934.68 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 Fukuda Denshi Co and its competitors.
Is Fukuda Denshi Co's Cyclically Adjusted Revenue per Share too high?
Fukuda Denshi Co's current Cyclically Adjusted Revenue per Share is 円4,934.68. Overall, Fukuda Denshi Co has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fukuda Denshi Co's Cyclically Adjusted Revenue per Share compare to ABT and SYK?
Fukuda Denshi Co's Cyclically Adjusted Revenue per Share of 円4,934.68 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Cyclically Adjusted Revenue per Share depends on the Medical Devices & Instruments 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 Fukuda Denshi Co and its competitors. Fukuda Denshi Co's current Cyclically Adjusted Revenue per Share is 円4,934.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fukuda Denshi Co stock overvalued right now?
Based on GuruFocus' analysis, Fukuda Denshi Co (TSE:6960) is currently considered Significantly Overvalued. The stock's GF Value™ is 円7,341.63, compared to a current price of 円11,360.00 — trading 54.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円4,934.68. Fukuda Denshi Co's overall GF Score™ is 85/100 with 5 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 Fukuda Denshi Co (TSE:6960), the current Cyclically Adjusted Revenue per Share is 円4,934.68 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 Fukuda Denshi Co (TSE:6960) Overvalued in 2026?

Based on GuruFocus' analysis, Fukuda Denshi Co stock appears to be overvalued. The current stock price of 円11,360.00 is trading 54.7% above its estimated GF Value™ of 円7,341.63. GuruFocus considers Fukuda Denshi Co to be Significantly Overvalued.

Key valuation signals for TSE:6960:

  • Cyclically Adjusted Revenue per Share: 円4,934.68
  • GF Value™: 円7,341.63 vs. price of 円11,360.00 (54.7% above fair value)
  • GF Score™: 85/100 with 5 warning signs

No single metric tells the full story. See the TSE:6960 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fukuda Denshi Co Business Description

Address 39-4, Hongo 3-chome, Bunkyo-ku, Tokyo, JPN, 113-8483
Fukuda Denshi Co Ltd develops and manufactures medical electronic equipment. The firm operates in four segments: physiological diagnostic equipment, patient monitoring equipment, medical treatment equipment, and consumables and other products. The physiological diagnostic equipment business sells electrocardiographs, vascular screening systems, and blood cell counters. The patient monitoring equipment segment sells patient monitors and transmitters. The medical treatment equipment segment contributes the largest proportion of revenue and sells pacemakers and medical equipment for home treatment. The consumables and other products segment sells disposable electrodes and consumables used for the firm's devices. Fukuda Denshi generates the vast majority of its sales in Japan.
85GF Score

Get the complete analysis for TSE:6960

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

円11,360.00
Price
円7,341.63
GF Value