MTI (TSE:9438) Cyclically Adjusted Revenue per Share: 円562.00 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9438 MTI Ltd TSE:9438
71 GF Score
Price 円553.00
GF Value 円852.85
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is MTI Cyclically Adjusted Revenue per Share?

MTI TSE:9438 71 Cyclically Adjusted Revenue per Share is 円562.00 as of Mar. 2026. GuruFocus rates TSE:9438 with a GF Score™ of 71/100 and a GF Value™ of 円852.85 (Significantly Undervalued). The stock has 1 warning sign 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.

MTI's adjusted revenue per share for the three months ended in Mar. 2026 was 円142.221. 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562.00 for the trailing ten years ended in Mar. 2026.

During the past 12 months, MTI's average Cyclically Adjusted Revenue Growth Rate was -0.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -0.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -0.30% 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 MTI was 0.10% per year. The lowest was -1.60% per year. And the median was -0.60% per year.

As of today (2026-08-11), MTI's current stock price is 円553.00. MTI's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円562.00. MTI's Cyclically Adjusted PS Ratio of today is 0.98.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of MTI was 2.32. The lowest was 0.77. And the median was 1.17.


MTI  (TSE:9438) 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.

MTI's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=553.00/562.00
=0.98

* 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 MTI was 2.32. The lowest was 0.77. And the median was 1.17.


Be Aware

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


MTI Cyclically Adjusted Revenue per Share Related Terms


MTI Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for MTI'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.

MTI Cyclically Adjusted Revenue per Share Chart

MTI Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 562.03 567.30 567.58 564.01 564.52

MTI 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 566.15 564.52 566.50 562.00 0.00

TSE:9438 vs VEEV, BTSG, HQY: Cyclically Adjusted Revenue per Share Comparison

For the Health Information Services subindustry, MTI'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.


MTI Cyclically Adjusted PS Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, MTI's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9438
71GF Score
MTI Ltd TSE:9438
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MTI 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, MTI'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)
=142.221/112.7000*112.7000
=142.221

Current CPI (Mar. 2026) = 112.7000.

MTI Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 144.026 98.100 165.461
201609 141.377 98.000 162.584
201612 137.705 98.400 157.717
201703 139.697 98.100 160.488
201706 142.727 98.500 163.303
201709 143.290 98.800 163.449
201712 137.304 99.400 155.676
201803 139.613 99.200 158.613
201806 128.501 99.200 145.989
201809 125.561 99.900 141.649
201812 125.402 99.700 141.753
201903 129.174 99.700 146.017
201906 118.535 99.800 133.857
201909 122.327 100.100 137.725
201912 111.951 100.500 125.541
202003 125.445 100.300 140.954
202006 119.317 99.900 134.605
202009 120.213 99.900 135.616
202012 114.638 99.300 130.108
202103 123.266 99.900 139.060
202106 117.975 99.500 133.626
202109 113.950 100.100 128.293
202112 119.659 100.100 134.721
202203 117.284 101.100 130.741
202206 116.403 101.800 128.867
202209 129.990 103.100 142.094
202212 129.373 104.100 140.061
202303 119.281 104.400 128.764
202306 117.830 105.200 126.230
202309 121.875 106.200 129.334
202312 120.767 106.800 127.439
202403 125.523 107.200 131.963
202406 127.882 108.200 133.201
202409 129.800 108.900 134.329
202412 131.963 110.700 134.347
202503 138.092 111.100 140.081
202506 134.260 111.700 135.462
202509 137.499 112.000 138.358
202512 140.093 113.000 139.721
202603 142.221 112.700 142.221

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562.00 mean?
MTI (TSE:9438) has a Cyclically Adjusted Revenue per Share of 円562.00 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 MTI and its competitors.
Is MTI's Cyclically Adjusted Revenue per Share too high?
MTI's current Cyclically Adjusted Revenue per Share is 円562.00. Overall, MTI has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MTI's Cyclically Adjusted Revenue per Share compare to VEEV and BTSG?
MTI's Cyclically Adjusted Revenue per Share of 円562.00 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Cyclically Adjusted Revenue per Share depends on the Healthcare Providers & Services 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 MTI and its competitors. MTI's current Cyclically Adjusted Revenue per Share is 円562.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTI stock overvalued right now?
Based on GuruFocus' analysis, MTI (TSE:9438) is currently considered Significantly Undervalued. The stock's GF Value™ is 円852.85, compared to a current price of 円553.00 — trading 35.2% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円562.00. MTI's overall GF Score™ is 71/100 with 1 warning sign 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 MTI (TSE:9438), the current Cyclically Adjusted Revenue per Share is 円562.00 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 MTI (TSE:9438) Overvalued in 2026?

Based on GuruFocus' analysis, MTI stock appears to be undervalued. The current stock price of 円553.00 is trading 35.2% below its estimated GF Value™ of 円852.85. GuruFocus considers MTI to be Significantly Undervalued.

Key valuation signals for TSE:9438:

  • Cyclically Adjusted Revenue per Share: 円562.00
  • GF Value™: 円852.85 vs. price of 円553.00 (35.2% below fair value)
  • GF Score™: 71/100 with 1 warning sign

No single metric tells the full story. See the TSE:9438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MTI Business Description

Address 35th Floor, Tokyo Opera City Tower 3-20-2, Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-1435
MTI Ltd is engaged in the content distribution business for mobile phones in Japan. The company provides health care services through Lunaruna app, Lunaruna baby, and Lunaruna medicine notebook. It is involved in providing music/video services, electronic book services, life information services, and entertainment services.
71GF Score

Get the complete analysis for TSE:9438

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

円553.00
Price
円852.85
GF Value