Traders Holdings Co (TSE:8704) Cyclically Adjusted Revenue per Share: 円299.96 (As of Mar. 2026)

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TSE:8704 Traders Holdings Co Ltd TSE:8704
85 GF Score
Price 円1,304.00
GF Value 円1,043.27
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Traders Holdings Co Cyclically Adjusted Revenue per Share?

Traders Holdings Co TSE:8704 -1.58% 85 Cyclically Adjusted Revenue per Share is 円299.96 as of Mar. 2026. GuruFocus rates TSE:8704 with a GF Score™ of 85/100 and a GF Value™ of 円1,043.27 (Modestly 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.

Traders Holdings Co's adjusted revenue per share for the three months ended in Mar. 2026 was 円156.291. 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299.96 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.30% 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 Traders Holdings Co was 9.30% per year. The lowest was -17.00% per year. And the median was -10.50% per year.

As of today (2026-08-05), Traders Holdings Co's current stock price is 円1304.00. Traders Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円299.96. Traders Holdings Co's Cyclically Adjusted PS Ratio of today is 4.35.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Traders Holdings Co was 4.36. The lowest was 0.44. And the median was 1.56.


Traders Holdings Co  (TSE:8704) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1304.00/299.96
=4.35

* 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 Traders Holdings Co was 4.36. The lowest was 0.44. And the median was 1.56.


Be Aware

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


Traders Holdings Co Cyclically Adjusted Revenue per Share Related Terms


Traders Holdings Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Traders 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.

Traders Holdings Co Cyclically Adjusted Revenue per Share Chart

Traders Holdings 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 224.76 229.75 242.42 0.00 299.96

Traders Holdings Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.00 275.01 281.59 290.35 299.96

TSE:8704 vs MS, GS, SCHW: Cyclically Adjusted Revenue per Share Comparison

For the Capital Markets subindustry, Traders 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.


Traders Holdings Co Cyclically Adjusted PS Ratio vs Capital Markets Industry

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

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


TSE:8704
85GF Score
Traders Holdings Co Ltd TSE:8704
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Traders 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, Traders Holdings 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)
=156.291/112.7000*112.7000
=156.291

Current CPI (Mar. 2026) = 112.7000.

Traders Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 71.571 97.900 82.391
201606 59.774 98.100 68.670
201609 43.739 98.000 50.300
201612 52.197 98.400 59.783
201703 29.469 98.100 33.855
201706 31.556 98.500 36.105
201709 33.578 98.800 38.302
201712 14.470 99.400 16.406
201803 18.884 99.200 21.454
201806 25.549 99.200 29.026
201809 48.014 99.900 54.166
201812 55.045 99.700 62.222
201903 68.028 99.700 76.898
201906 34.982 99.800 39.504
201909 73.530 100.100 82.786
201912 49.077 100.500 55.035
202003 71.301 100.300 80.116
202006 57.068 99.900 64.380
202009 51.101 99.900 57.648
202012 50.209 99.300 56.984
202103 76.738 99.900 86.570
202106 53.208 99.500 60.267
202109 53.861 100.100 60.641
202112 64.942 100.100 73.117
202203 70.797 101.100 78.920
202206 82.178 101.800 90.977
202209 69.129 103.100 75.566
202212 80.661 104.100 87.325
202303 85.628 104.400 92.436
202306 98.806 105.200 105.850
202309 61.932 106.200 65.723
202312 113.466 106.800 119.734
202403 81.464 107.200 85.644
202406 125.896 108.200 131.132
202409 148.936 108.900 154.133
202503 0.000 111.100 0.000
202506 109.402 111.700 110.381
202509 104.279 112.000 104.931
202512 119.235 113.000 118.918
202603 156.291 112.700 156.291

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299.96 mean?
Traders Holdings Co (TSE:8704) has a Cyclically Adjusted Revenue per Share of 円299.96 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 Traders Holdings Co and its competitors.
Is Traders Holdings Co's Cyclically Adjusted Revenue per Share too high?
Traders Holdings Co's current Cyclically Adjusted Revenue per Share is 円299.96. Overall, Traders Holdings Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Traders Holdings Co's Cyclically Adjusted Revenue per Share compare to MS and GS?
Traders Holdings Co's Cyclically Adjusted Revenue per Share of 円299.96 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 Traders Holdings Co and its competitors. Traders Holdings Co's current Cyclically Adjusted Revenue per Share is 円299.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Traders Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Traders Holdings Co (TSE:8704) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,043.27, compared to a current price of 円1,304.00 — trading 25% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円299.96. Traders Holdings 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 Traders Holdings Co (TSE:8704), the current Cyclically Adjusted Revenue per Share is 円299.96 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 Traders Holdings Co (TSE:8704) Overvalued in 2026?

Based on GuruFocus' analysis, Traders Holdings Co stock appears to be overvalued. The current stock price of 円1,304.00 is trading 25% above its estimated GF Value™ of 円1,043.27. GuruFocus considers Traders Holdings Co to be Modestly Overvalued.

Key valuation signals for TSE:8704:

  • Cyclically Adjusted Revenue per Share: 円299.96
  • GF Value™: 円1,043.27 vs. price of 円1,304.00 (25% above fair value)
  • GF Score™: 85/100 with 5 warning signs

No single metric tells the full story. See the TSE:8704 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Traders Holdings Co Business Description

Address 20-3 Ebisu 4-chome, 28th Floor, Yebisu Garden Place Tower, Shibuya-ku, Tokyo, JPN, 150-6028
Traders Holdings Co Ltd is a holding company engaged in the provision of financial services. Through its subsidiaries, it offers foreign exchange and securities trading services. Its services comprise futures and options trading, spot trading, financial brokerage services, and online securities trading services, among others.
85GF Score

Get the complete analysis for TSE:8704

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

円1,304.00
Price
円1,043.27
GF Value