Imperial Hotel (TSE:9708) Cyclically Adjusted Revenue per Share: 円445.66 (As of Mar. 2026)

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TSE:9708 Imperial Hotel Ltd TSE:9708
86 GF Score
Price 円979.00
GF Value 円1,100.61
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Imperial Hotel Cyclically Adjusted Revenue per Share?

Imperial Hotel TSE:9708 -0.41% 86 Cyclically Adjusted Revenue per Share is 円445.66 as of Mar. 2026. GuruFocus rates TSE:9708 with a GF Score™ of 86/100 and a GF Value™ of 円1,100.61 (Modestly Undervalued). 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.

Imperial Hotel's adjusted revenue per share for the three months ended in Mar. 2026 was 円120.674. 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445.66 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 0.60% 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 Imperial Hotel was 1.40% per year. The lowest was -2.90% per year. And the median was -0.95% per year.

As of today (2026-08-08), Imperial Hotel's current stock price is 円979.00. Imperial Hotel's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円445.66. Imperial Hotel's Cyclically Adjusted PS Ratio of today is 2.20.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Imperial Hotel was 3.67. The lowest was 1.31. And the median was 2.17.


Imperial Hotel  (TSE:9708) 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.

Imperial Hotel's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=979.00/445.66
=2.20

* 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 Imperial Hotel was 3.67. The lowest was 1.31. And the median was 2.17.


Be Aware

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


Imperial Hotel Cyclically Adjusted Revenue per Share Related Terms


Imperial Hotel Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Imperial Hotel'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.

Imperial Hotel Cyclically Adjusted Revenue per Share Chart

Imperial Hotel 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 426.79 429.74 436.19 445.62 445.66

Imperial Hotel 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 446.25 445.74 448.34 445.66 0.00

TSE:9708 vs MAR, HLT, H: Cyclically Adjusted Revenue per Share Comparison

For the Lodging subindustry, Imperial Hotel'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.


Imperial Hotel Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Imperial Hotel's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9708
86GF Score
Imperial Hotel Ltd TSE:9708
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Imperial Hotel 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, Imperial Hotel'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)
=120.674/112.7000*112.7000
=120.674

Current CPI (Mar. 2026) = 112.7000.

Imperial Hotel Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 117.010 98.100 134.424
201609 105.859 98.000 121.738
201612 131.347 98.400 150.435
201703 118.030 98.100 135.596
201706 119.184 98.500 136.366
201709 105.084 98.800 119.868
201712 137.744 99.400 156.175
201803 120.390 99.200 136.774
201806 120.803 99.200 137.243
201809 112.358 99.900 126.754
201812 138.763 99.700 156.856
201903 120.508 99.700 136.221
201906 121.401 99.800 137.093
201909 109.374 100.100 123.141
201912 134.701 100.500 151.053
202003 94.355 100.300 106.020
202006 27.889 99.900 31.462
202009 44.198 99.900 49.861
202012 68.092 99.300 77.281
202103 45.673 99.900 51.525
202106 48.783 99.500 55.255
202109 54.801 100.100 61.699
202112 79.521 100.100 89.531
202203 58.088 101.100 64.753
202206 79.513 101.800 88.027
202209 77.313 103.100 84.512
202212 110.259 104.100 119.368
202303 101.839 104.400 109.935
202306 105.118 105.200 112.612
202309 99.167 106.200 105.237
202312 130.875 106.800 138.105
202403 114.363 107.200 120.231
202406 112.414 108.200 117.089
202409 96.192 108.900 99.549
202412 123.288 110.700 125.515
202503 111.650 111.100 113.258
202506 114.512 111.700 115.537
202509 99.885 112.000 100.509
202512 139.662 113.000 139.291
202603 120.674 112.700 120.674

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445.66 mean?
Imperial Hotel (TSE:9708) has a Cyclically Adjusted Revenue per Share of 円445.66 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 Imperial Hotel and its competitors.
Is Imperial Hotel's Cyclically Adjusted Revenue per Share too high?
Imperial Hotel's current Cyclically Adjusted Revenue per Share is 円445.66. Overall, Imperial Hotel has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Imperial Hotel's Cyclically Adjusted Revenue per Share compare to MAR and HLT?
Imperial Hotel's Cyclically Adjusted Revenue per Share of 円445.66 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Cyclically Adjusted Revenue per Share depends on the Travel & Leisure 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 Imperial Hotel and its competitors. Imperial Hotel's current Cyclically Adjusted Revenue per Share is 円445.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Hotel stock overvalued right now?
Based on GuruFocus' analysis, Imperial Hotel (TSE:9708) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,100.61, compared to a current price of 円979.00 — trading 11% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円445.66. Imperial Hotel's overall GF Score™ is 86/100 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 Imperial Hotel (TSE:9708), the current Cyclically Adjusted Revenue per Share is 円445.66 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 Imperial Hotel (TSE:9708) Overvalued in 2026?

Based on GuruFocus' analysis, Imperial Hotel stock appears to be undervalued. The current stock price of 円979.00 is trading 11% below its estimated GF Value™ of 円1,100.61. GuruFocus considers Imperial Hotel to be Modestly Undervalued.

Key valuation signals for TSE:9708:

  • Cyclically Adjusted Revenue per Share: 円445.66
  • GF Value™: 円1,100.61 vs. price of 円979.00 (11% below fair value)
  • GF Score™: 86/100 with 3 warning signs

No single metric tells the full story. See the TSE:9708 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Imperial Hotel Business Description

Address 1-1, Uchisaiwai-cho 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8558
Imperial Hotel Ltd is a Japanese-based company involved in the management and operations of hotels. The company is engaged into the operations of the Imperial Hotel Tokyo, the Imperial Hotel Osaka, and the Kamikochi Imperial Hotel, where it offers a range of services such as room, meeting and banquet, lounge, and other facilities.
86GF Score

Get the complete analysis for TSE:9708

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

円979.00
Price
円1,100.61
GF Value