SE Holdings andubations Co (TSE:9478) Cyclically Adjusted Revenue per Share: 円345.48 (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:9478 SE Holdings and Incubations Co Ltd TSE:9478
76 GF Score
Price 円528.00
GF Value 円346.27
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is SE Holdings andubations Co Cyclically Adjusted Revenue per Share?

SE Holdings andubations Co TSE:9478 +0.38% 76 Cyclically Adjusted Revenue per Share is 円345.48 as of Mar. 2026. GuruFocus rates TSE:9478 with a GF Score™ of 76/100 and a GF Value™ of 円346.27 (Significantly Overvalued). The stock has 6 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.

SE Holdings andubations Co's adjusted revenue per share for the three months ended in Mar. 2026 was 円117.418. 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345.48 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.60% 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 SE Holdings andubations Co was 3.60% per year. The lowest was -8.90% per year. And the median was -3.60% per year.

As of today (2026-08-14), SE Holdings andubations Co's current stock price is 円528.00. SE Holdings andubations Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円345.48. SE Holdings andubations Co's Cyclically Adjusted PS Ratio of today is 1.53.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of SE Holdings andubations Co was 1.57. The lowest was 0.34. And the median was 0.72.


SE Holdings andubations Co  (TSE:9478) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=528.00/345.48
=1.53

* 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 SE Holdings andubations Co was 1.57. The lowest was 0.34. And the median was 0.72.


Be Aware

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


SE Holdings andubations Co Cyclically Adjusted Revenue per Share Related Terms


SE Holdings andubations Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for SE Holdings andubations 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.

SE Holdings andubations Co Cyclically Adjusted Revenue per Share Chart

SE Holdings andubations 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 309.79 311.04 314.91 0.00 345.48

SE Holdings andubations Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 332.88 337.55 342.52 345.48 0.00

TSE:9478 vs NYT, WLY: Cyclically Adjusted Revenue per Share Comparison

For the Publishing subindustry, SE Holdings andubations 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.


SE Holdings andubations Co Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, SE Holdings andubations Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9478
76GF Score
SE Holdings and Incubations Co Ltd TSE:9478
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SE Holdings andubations 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, SE Holdings andubations 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)
=117.418/112.7000*112.7000
=117.418

Current CPI (Mar. 2026) = 112.7000.

SE Holdings andubations Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 74.725 97.900 86.022
201606 67.389 98.100 77.418
201609 73.433 98.000 84.448
201612 70.109 98.400 80.298
201703 69.504 98.100 79.848
201706 48.135 98.500 55.074
201709 55.431 98.800 63.229
201712 56.985 99.400 64.610
201803 60.180 99.200 68.370
201806 51.805 99.200 58.855
201809 58.220 99.900 65.680
201812 62.090 99.700 70.186
201903 67.636 99.700 76.455
201906 62.293 99.800 70.345
201909 68.992 100.100 77.676
201912 65.909 100.500 73.910
202003 71.907 100.300 80.797
202006 57.393 99.900 64.747
202009 70.543 99.900 79.582
202012 69.022 99.300 78.336
202103 84.833 99.900 95.702
202106 77.304 99.500 87.559
202109 78.949 100.100 88.887
202112 80.152 100.100 90.241
202203 89.394 101.100 99.651
202206 79.124 101.800 87.596
202209 89.054 103.100 97.346
202212 83.631 104.100 90.540
202303 103.519 104.400 111.749
202306 85.672 105.200 91.780
202309 99.782 106.200 105.889
202312 93.311 106.800 98.466
202403 107.476 107.200 112.990
202406 92.877 108.200 96.740
202409 107.540 108.900 111.293
202503 0.000 111.100 0.000
202506 107.818 111.700 108.783
202509 112.936 112.000 113.642
202512 106.558 113.000 106.275
202603 117.418 112.700 117.418

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345.48 mean?
SE Holdings andubations Co (TSE:9478) has a Cyclically Adjusted Revenue per Share of 円345.48 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 SE Holdings andubations Co and its competitors.
Is SE Holdings andubations Co's Cyclically Adjusted Revenue per Share too high?
SE Holdings andubations Co's current Cyclically Adjusted Revenue per Share is 円345.48. Overall, SE Holdings andubations Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SE Holdings andubations Co's Cyclically Adjusted Revenue per Share compare to NYT and WLY?
SE Holdings andubations Co's Cyclically Adjusted Revenue per Share of 円345.48 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Cyclically Adjusted Revenue per Share depends on the Media - Diversified 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 SE Holdings andubations Co and its competitors. SE Holdings andubations Co's current Cyclically Adjusted Revenue per Share is 円345.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SE Holdings andubations Co stock overvalued right now?
Based on GuruFocus' analysis, SE Holdings andubations Co (TSE:9478) is currently considered Significantly Overvalued. The stock's GF Value™ is 円346.27, compared to a current price of 円528.00 — trading 52.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円345.48. SE Holdings andubations Co's overall GF Score™ is 76/100 with 6 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 SE Holdings andubations Co (TSE:9478), the current Cyclically Adjusted Revenue per Share is 円345.48 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 SE Holdings andubations Co (TSE:9478) Overvalued in 2026?

Based on GuruFocus' analysis, SE Holdings andubations Co stock appears to be overvalued. The current stock price of 円528.00 is trading 52.5% above its estimated GF Value™ of 円346.27. GuruFocus considers SE Holdings andubations Co to be Significantly Overvalued.

Key valuation signals for TSE:9478:

  • Cyclically Adjusted Revenue per Share: 円345.48
  • GF Value™: 円346.27 vs. price of 円528.00 (52.5% above fair value)
  • GF Score™: 76/100 with 6 warning signs

No single metric tells the full story. See the TSE:9478 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SE Holdings andubations Co Business Description

Address 5 Funamachi, Shinjuku-ku, Tokyo, JPN, 160-0006
SE Holdings and Incubations Co Ltd is engaged in diversified businesses namely IT technology information services; mobile internet services; marketing services for IT-related enterprises; store operations utilizing IT technology and Development of IT engineers and human resources services.
76GF Score

Get the complete analysis for TSE:9478

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

円528.00
Price
円346.27
GF Value