Tokyo Electron (TSE:8035) Cyclically Adjusted Revenue per Share: 円3,981.34 (As of Jun. 2026)

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TSE:8035 Tokyo Electron Ltd TSE:8035
94 GF Score
Price 円55,500.00
GF Value 円34,825.65
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Tokyo Electron Cyclically Adjusted Revenue per Share?

Tokyo Electron TSE:8035 +6.24% 94 Cyclically Adjusted Revenue per Share is 円3,981.34 as of Jun. 2026. GuruFocus rates TSE:8035 with a GF Score™ of 94/100 and a GF Value™ of 円34,825.65 (Significantly Overvalued). 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.

Tokyo Electron's adjusted revenue per share for the three months ended in Jun. 2026 was 円1,605.012. 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3,981.34 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Tokyo Electron's average Cyclically Adjusted Revenue Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 14.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 16.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 13.90% 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 Tokyo Electron was 17.50% per year. The lowest was 9.70% per year. And the median was 13.80% per year.

As of today (2026-07-31), Tokyo Electron's current stock price is 円55500.00. Tokyo Electron's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was 円3,981.34. Tokyo Electron's Cyclically Adjusted PS Ratio of today is 13.94.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tokyo Electron was 19.70. The lowest was 2.47. And the median was 6.37.


Tokyo Electron  (TSE:8035) 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.

Tokyo Electron's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=55500.00/3981.34
=13.94

* 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 Tokyo Electron was 19.70. The lowest was 2.47. And the median was 6.37.


Be Aware

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


Tokyo Electron Cyclically Adjusted Revenue per Share Related Terms


Tokyo Electron Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Tokyo Electron'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.

Tokyo Electron Cyclically Adjusted Revenue per Share Chart

Tokyo Electron 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 2,106.62 2,548.02 2,884.33 3,392.45 3,824.53

Tokyo Electron Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3,497.39 3,602.59 3,717.75 3,824.53 3,981.34

TSE:8035 vs AMAT, LRCX, KLAC: Cyclically Adjusted Revenue per Share Comparison

For the Semiconductor Equipment & Materials subindustry, Tokyo Electron'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.


Tokyo Electron Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Tokyo Electron's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:8035
94GF Score
Tokyo Electron Ltd TSE:8035
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyo Electron 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, Tokyo Electron's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1605.012/113.6000*113.6000
=1,605.012

Current CPI (Jun. 2026) = 113.6000.

Tokyo Electron Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 414.752 98.000 480.774
201612 377.566 98.400 435.889
201703 528.027 98.100 611.456
201706 478.786 98.500 552.184
201709 567.934 98.800 653.009
201712 521.773 99.400 596.312
201803 720.562 99.200 825.160
201806 598.021 99.200 684.831
201809 800.245 99.900 909.988
201812 542.922 99.700 618.615
201903 645.890 99.700 735.939
201906 440.433 99.800 501.335
201909 611.507 100.100 693.978
201912 627.013 100.500 708.743
202003 689.278 100.300 780.678
202006 670.837 99.900 762.834
202009 752.929 99.900 856.184
202012 621.854 99.300 711.406
202103 936.205 99.900 1,064.593
202106 963.436 99.500 1,099.963
202109 1,023.680 100.100 1,161.739
202112 1,079.064 100.100 1,224.592
202203 1,203.395 101.100 1,352.183
202206 1,008.979 101.800 1,125.933
202209 1,509.660 103.100 1,663.408
202212 995.557 104.100 1,086.410
202303 1,188.066 104.400 1,292.761
202306 834.452 105.200 901.081
202309 919.135 106.200 983.180
202312 998.533 106.800 1,062.110
202403 1,178.657 107.200 1,249.025
202406 1,198.169 108.200 1,257.967
202409 1,224.385 108.900 1,277.228
202412 1,416.073 110.700 1,453.170
202503 1,420.190 111.100 1,452.147
202506 1,196.623 111.700 1,216.977
202509 1,370.646 112.000 1,390.227
202512 1,200.509 113.000 1,206.883
202603 1,549.991 112.700 1,562.369
202606 1,605.012 113.600 1,605.012

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3,981.34 mean?
Tokyo Electron (TSE:8035) has a Cyclically Adjusted Revenue per Share of 円3,981.34 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tokyo Electron and its competitors.
Is Tokyo Electron's Cyclically Adjusted Revenue per Share too high?
Tokyo Electron's current Cyclically Adjusted Revenue per Share is 円3,981.34. Overall, Tokyo Electron has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Electron's Cyclically Adjusted Revenue per Share compare to AMAT and LRCX?
Tokyo Electron's Cyclically Adjusted Revenue per Share of 円3,981.34 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Cyclically Adjusted Revenue per Share depends on the Semiconductors 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 Tokyo Electron and its competitors. Tokyo Electron's current Cyclically Adjusted Revenue per Share is 円3,981.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Electron stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Electron (TSE:8035) is currently considered Significantly Overvalued. The stock's GF Value™ is 円34,825.65, compared to a current price of 円55,500.00 — trading 59.4% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円3,981.34. Tokyo Electron's overall GF Score™ is 94/100 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 Tokyo Electron (TSE:8035), the current Cyclically Adjusted Revenue per Share is 円3,981.34 as of Jun. 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 Tokyo Electron (TSE:8035) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Electron stock appears to be overvalued. The current stock price of 円55,500.00 is trading 59.4% above its estimated GF Value™ of 円34,825.65. GuruFocus considers Tokyo Electron to be Significantly Overvalued.

Key valuation signals for TSE:8035:

  • Cyclically Adjusted Revenue per Share: 円3,981.34
  • GF Value™: 円34,825.65 vs. price of 円55,500.00 (59.4% above fair value)
  • GF Score™: 94/100 with 3 warning signs

No single metric tells the full story. See the TSE:8035 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyo Electron Business Description

Address 5-3-1 Akasaka, 38th Floor, Akasaka Biz Tower, Minato-ku, Tokyo, JPN, 107-6325
Tokyo Electron is a major supplier of semiconductor fabrication tools. It operates primarily in the etching, deposition, and cleaning segments, which involve adding and removing materials to and from semiconductor wafers. Customers include leading-edge logic, foundry, and memory chipmakers such as Samsung Electronics, Intel, TSMC, and SK Hynix.
94GF Score

Get the complete analysis for TSE:8035

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

円55,500.00
Price
円34,825.65
GF Value