Onward Holdings Co (TSE:8016) Cyclically Adjusted Revenue per Share: 円1,672.11 (As of Feb. 2026)

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TSE:8016 Onward Holdings Co Ltd TSE:8016
75 GF Score
Price 円769.00
GF Value 円687.87
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Onward Holdings Co Cyclically Adjusted Revenue per Share?

Onward Holdings Co TSE:8016 +1.32% 75 Cyclically Adjusted Revenue per Share is 円1,672.11 as of Feb. 2026. GuruFocus rates TSE:8016 with a GF Score™ of 75/100 and a GF Value™ of 円687.87 (Modestly Overvalued). The stock has 2 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.

Onward Holdings Co's adjusted revenue per share for the three months ended in Feb. 2026 was 円456.460. 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1,672.11 for the trailing ten years ended in Feb. 2026.

During the past 12 months, Onward Holdings Co's average Cyclically Adjusted Revenue Growth Rate was -0.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -0.10% 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 Onward Holdings Co was 0.20% per year. The lowest was -1.20% per year. And the median was -0.45% per year.

As of today (2026-07-30), Onward Holdings Co's current stock price is 円769.00. Onward Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was 円1,672.11. Onward Holdings Co's Cyclically Adjusted PS Ratio of today is 0.46.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Onward Holdings Co was 0.58. The lowest was 0.12. And the median was 0.32.


Onward Holdings Co  (TSE:8016) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=769.00/1672.11
=0.46

* 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 Onward Holdings Co was 0.58. The lowest was 0.12. And the median was 0.32.


Be Aware

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


Onward Holdings Co Cyclically Adjusted Revenue per Share Related Terms


Onward Holdings Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Onward Holdings 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.

Onward Holdings Co Cyclically Adjusted Revenue per Share Chart

Onward Holdings Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,665.85 1,671.01 1,659.59 1,674.71 1,672.11

Onward Holdings Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 1,685.05 1,687.49 1,697.98 1,672.11 0.00

TSE:8016 vs RL, LEVI, VFC: Cyclically Adjusted Revenue per Share Comparison

For the Apparel Manufacturing subindustry, Onward Holdings 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.


Onward Holdings Co Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Onward Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:8016
75GF Score
Onward Holdings Co Ltd TSE:8016
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Onward Holdings 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, Onward Holdings Co's adjusted Revenue per Share data for the three months ended in Feb. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=456.46/112.2000*112.2000
=456.460

Current CPI (Feb. 2026) = 112.2000.

Onward Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201605 422.561 98.200 482.804
201608 353.693 97.900 405.356
201611 399.202 98.600 454.264
201702 433.028 98.100 495.267
201705 412.946 98.600 469.904
201708 368.234 98.500 419.450
201711 446.630 99.100 505.670
201802 431.221 99.500 486.261
201805 424.895 99.300 480.093
201808 373.942 99.800 420.404
201811 457.408 100.000 513.212
201902 444.381 99.700 500.096
201905 468.673 100.000 525.851
201908 395.099 100.000 443.301
201911 477.089 100.500 532.631
202002 484.069 100.300 541.501
202005 315.735 100.100 353.901
202008 285.603 100.100 320.126
202011 375.376 99.500 423.288
202102 322.065 99.800 362.081
202105 338.910 99.400 382.552
202108 255.646 99.700 287.698
202111 320.702 100.100 359.468
202202 324.501 100.700 361.559
202205 327.962 101.800 361.467
202208 277.329 102.700 302.983
202211 354.210 103.900 382.506
202302 335.791 104.000 362.267
202305 367.295 105.100 392.108
202308 298.286 105.900 316.031
202311 374.937 106.900 393.526
202402 355.194 106.900 372.804
202405 378.129 108.100 392.471
202408 321.931 109.100 331.078
202411 403.600 110.000 411.672
202502 430.162 110.800 435.597
202505 442.840 111.800 444.424
202508 386.021 112.100 386.365
202511 456.621 113.200 452.587
202602 456.460 112.200 456.460

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1,672.11 mean?
Onward Holdings Co (TSE:8016) has a Cyclically Adjusted Revenue per Share of 円1,672.11 as of Feb. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Onward Holdings Co and its competitors.
Is Onward Holdings Co's Cyclically Adjusted Revenue per Share too high?
Onward Holdings Co's current Cyclically Adjusted Revenue per Share is 円1,672.11. Overall, Onward Holdings Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Onward Holdings Co's Cyclically Adjusted Revenue per Share compare to RL and LEVI?
Onward Holdings Co's Cyclically Adjusted Revenue per Share of 円1,672.11 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Revenue per Share depends on the Manufacturing - Apparel & Accessories 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 Onward Holdings Co and its competitors. Onward Holdings Co's current Cyclically Adjusted Revenue per Share is 円1,672.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Onward Holdings Co (TSE:8016) is currently considered Modestly Overvalued. The stock's GF Value™ is 円687.87, compared to a current price of 円769.00 — trading 11.8% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円1,672.11. Onward Holdings Co's overall GF Score™ is 75/100 with 2 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 Onward Holdings Co (TSE:8016), the current Cyclically Adjusted Revenue per Share is 円1,672.11 as of Feb. 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 Onward Holdings Co (TSE:8016) Overvalued in 2026?

Based on GuruFocus' analysis, Onward Holdings Co stock appears to be overvalued. The current stock price of 円769.00 is trading 11.8% above its estimated GF Value™ of 円687.87. GuruFocus considers Onward Holdings Co to be Modestly Overvalued.

Key valuation signals for TSE:8016:

  • Cyclically Adjusted Revenue per Share: 円1,672.11
  • GF Value™: 円687.87 vs. price of 円769.00 (11.8% above fair value)
  • GF Score™: 75/100 with 2 warning signs

No single metric tells the full story. See the TSE:8016 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Onward Holdings Co Business Description

Address 10-5, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-8239
Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three-fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three-fourths of Onward's sales are in Japan, and the majority of the company's remaining sales are in Europe. The company manufactures its products mainly in China.
75GF Score

Get the complete analysis for TSE:8016

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687.87
GF Value