Matsui Securities Co (TSE:8628) Cyclically Adjusted Revenue per Share: 円134.74 (As of Mar. 2026)

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TSE:8628 Matsui Securities Co Ltd TSE:8628
65 GF Score
Price 円1,105.00
GF Value 円974.15
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Matsui Securities Co Cyclically Adjusted Revenue per Share?

Matsui Securities Co TSE:8628 -0.09% 65 Cyclically Adjusted Revenue per Share is 円134.74 as of Mar. 2026. GuruFocus rates TSE:8628 with a GF Score™ of 65/100 and a GF Value™ of 円974.15 (Modestly Overvalued). The stock has 7 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.

Matsui Securities Co's adjusted revenue per share for the three months ended in Mar. 2026 was 円54.061. 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134.74 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Matsui Securities Co's average Cyclically Adjusted Revenue Growth Rate was 4.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.40% 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 Matsui Securities Co was 4.90% per year. The lowest was 1.40% per year. And the median was 2.85% per year.

As of today (2026-07-30), Matsui Securities Co's current stock price is 円1105.00. Matsui Securities Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円134.74. Matsui Securities Co's Cyclically Adjusted PS Ratio of today is 8.20.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Matsui Securities Co was 11.81. The lowest was 5.29. And the median was 7.06.


Matsui Securities Co  (TSE:8628) 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.

Matsui Securities Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1105.00/134.74
=8.20

* 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 Matsui Securities Co was 11.81. The lowest was 5.29. And the median was 7.06.


Be Aware

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


Matsui Securities Co Cyclically Adjusted Revenue per Share Related Terms


Matsui Securities Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Matsui Securities 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.

Matsui Securities Co Cyclically Adjusted Revenue per Share Chart

Matsui Securities 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 119.09 125.53 125.68 129.01 134.74

Matsui Securities 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 129.01 129.88 130.39 133.05 134.74

TSE:8628 vs MS, GS, SCHW: Cyclically Adjusted Revenue per Share Comparison

For the Capital Markets subindustry, Matsui Securities 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.


Matsui Securities Co Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Matsui Securities Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:8628
65GF Score
Matsui Securities Co Ltd TSE:8628
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Matsui Securities 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, Matsui Securities 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)
=54.061/112.7000*112.7000
=54.061

Current CPI (Mar. 2026) = 112.7000.

Matsui Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 28.304 98.100 32.516
201609 23.507 98.000 27.033
201612 25.863 98.400 29.622
201703 25.925 98.100 29.783
201706 27.034 98.500 30.931
201709 27.103 98.800 30.916
201712 31.987 99.400 36.267
201803 32.920 99.200 37.400
201806 28.103 99.200 31.928
201809 25.816 99.900 29.124
201812 26.443 99.700 29.891
201903 21.347 99.700 24.130
201906 20.276 99.800 22.897
201909 20.374 100.100 22.939
201912 21.642 100.500 24.269
202003 24.492 100.300 27.520
202006 26.761 99.900 30.190
202009 33.469 99.900 37.757
202012 27.483 99.300 31.192
202103 31.842 99.900 35.922
202106 38.147 99.500 43.208
202109 29.430 100.100 33.134
202112 29.523 100.100 33.239
202203 27.602 101.100 30.769
202206 26.761 101.800 29.626
202209 27.521 103.100 30.084
202212 28.321 104.100 30.661
202303 27.893 104.400 30.111
202306 31.994 105.200 34.275
202309 33.139 106.200 35.167
202312 33.279 106.800 35.117
202403 38.594 107.200 40.574
202406 36.705 108.200 38.232
202409 38.522 108.900 39.866
202412 34.737 110.700 35.365
202503 34.166 111.100 34.658
202506 41.597 111.700 41.969
202509 45.020 112.000 45.301
202512 49.888 113.000 49.756
202603 54.061 112.700 54.061

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134.74 mean?
Matsui Securities Co (TSE:8628) has a Cyclically Adjusted Revenue per Share of 円134.74 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 Matsui Securities Co and its competitors.
Is Matsui Securities Co's Cyclically Adjusted Revenue per Share too high?
Matsui Securities Co's current Cyclically Adjusted Revenue per Share is 円134.74. Overall, Matsui Securities Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Matsui Securities Co's Cyclically Adjusted Revenue per Share compare to MS and GS?
Matsui Securities Co's Cyclically Adjusted Revenue per Share of 円134.74 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Cyclically Adjusted Revenue per Share depends on the Capital Markets 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 Matsui Securities Co and its competitors. Matsui Securities Co's current Cyclically Adjusted Revenue per Share is 円134.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matsui Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Matsui Securities Co (TSE:8628) is currently considered Modestly Overvalued. The stock's GF Value™ is 円974.15, compared to a current price of 円1,105.00 — trading 13.4% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円134.74. Matsui Securities Co's overall GF Score™ is 65/100 with 7 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 Matsui Securities Co (TSE:8628), the current Cyclically Adjusted Revenue per Share is 円134.74 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 Matsui Securities Co (TSE:8628) Overvalued in 2026?

Based on GuruFocus' analysis, Matsui Securities Co stock appears to be overvalued. The current stock price of 円1,105.00 is trading 13.4% above its estimated GF Value™ of 円974.15. GuruFocus considers Matsui Securities Co to be Modestly Overvalued.

Key valuation signals for TSE:8628:

  • Cyclically Adjusted Revenue per Share: 円134.74
  • GF Value™: 円974.15 vs. price of 円1,105.00 (13.4% above fair value)
  • GF Score™: 65/100 with 7 warning signs

No single metric tells the full story. See the TSE:8628 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matsui Securities Co Business Description

Other Exchanges MAUSY:USAMTW:Germany
Address 1-4, Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-8516
Matsui Securities Co Ltd is a Japanese online securities broker that provides services and trading platform for retail investors. The company's services include cash, margin, futures, and foreign exchange trading. Brokerage commissions and net interest income account for most of Matsui's operating revenue. The company generates the brokerage commissions through equity (cash and margin), futures and options, and foreign exchange transactions. The commissions on equity transactions account for the vast majority of brokerage commission revenue. Net interest income stems from margin and securities lending transaction revenue deducting interest expenses on margin transactions.
65GF Score

Get the complete analysis for TSE:8628

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

円1,105.00
Price
円974.15
GF Value