SpiderPlus (TSE:4192) PE Ratio: 187.11 (As of Sep. 22, 2026) — 64% Below Median

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TSE:4192 SpiderPlus & Co TSE:4192
63 GF Score
Price 円328.00
GF Value 円607.85
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is SpiderPlus PE Ratio?

SpiderPlus TSE:4192 +3.14% 63 PE Ratio is 187.11 as of Sep. 22, 2026, which is 64% below its 10-year median of 526.54. GuruFocus rates TSE:4192 with a GF Score™ of 63/100 and a GF Value™ of 円607.85 (Significantly Undervalued). The stock has 4 warning signs investors should review.

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2026-09-22), SpiderPlus's share price is 円328.00. SpiderPlus's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was 円1.75. Therefore, SpiderPlus's PE Ratio for today is 187.11.

During the past 8 years, SpiderPlus's highest PE Ratio was 658.10. The lowest was 164.88. And the median was 526.54.

SpiderPlus's EPS (Diluted) for the three months ended in Jun. 2026 was 円1.10. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was 円1.75.

As of today (2026-09-22), SpiderPlus's share price is 円328.00. SpiderPlus's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was 円2.50. Therefore, SpiderPlus's PE Ratio without NRI ratio for today is 130.99.

During the past 8 years, SpiderPlus's highest PE Ratio without NRI was 671.03. The lowest was 109.94. And the median was 536.88.

SpiderPlus's EPS without NRI for the three months ended in Jun. 2026 was 円1.85. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was 円2.50.

During the past 3 years, the average EPS without NRI Growth Rate was 75.40% per year.

During the past 8 years, SpiderPlus's highest 3-Year average EPS without NRI Growth Rate was 75.40% per year. The lowest was -60.30% per year. And the median was -1.60% per year.

SpiderPlus's EPS (Basic) for the three months ended in Jun. 2026 was 円1.12. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2026 was 円1.77.

Back to Basics: PE Ratio


SpiderPlus  (TSE:4192) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


SpiderPlus PE Ratio Related Terms


SpiderPlus PE Ratio Historical Data

* Premium members only.

The historical data trend for SpiderPlus's PE Ratio 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.

SpiderPlus PE Ratio Chart

SpiderPlus Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PE Ratio
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SpiderPlus Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
PE Ratio 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 - - - - 150.05

TSE:4192 vs CRM, SHOP, UBER: PE Ratio Comparison

For the Software - Application subindustry, SpiderPlus's PE Ratio, along with its competitors' market caps and PE 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.


SpiderPlus PE Ratio vs Software Industry

For the Software industry and Technology sector, SpiderPlus's PE Ratio distribution charts can be found below:

* The bar in red indicates where SpiderPlus's PE Ratio falls into.


TSE:4192
63GF Score
SpiderPlus & Co TSE:4192
PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SpiderPlus PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

SpiderPlus's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=328.00/1.753
=187.11

SpiderPlus's Share Price of today is 円328.00.
SpiderPlus's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円1.75.


* 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.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.

Frequently Asked Questions Learn more about PE Ratio →
What does a PE Ratio of 187.11 mean?
SpiderPlus (TSE:4192) has a PE Ratio of 187.11 as of Sep. 22, 2026. P/E ratio is the ratio of share price to a company's earnings per share. View historical data on SpiderPlus and its competitors. This is 64% below median its historical median of 526.54. Over the past decade, SpiderPlus' PE Ratio has ranged from 164.88 to 658.10.
Is SpiderPlus' PE Ratio too high?
SpiderPlus' current PE Ratio of 187.11 is 64% below median its 10-year median of 526.54. Over the past 10 years, this metric has ranged from a low of 164.88 to a high of 658.10. Overall, SpiderPlus has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SpiderPlus' PE Ratio compare to CRM and SHOP?
SpiderPlus' PE Ratio of 187.11 can be compared against companies in the Software industry. Historically, SpiderPlus' own PE Ratio has ranged from 164.88 to 658.10 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio for a Software company?
A good PE Ratio depends on the Software industry context. However, PE Ratio 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 PE Ratio mean?
A high PE Ratio can signal that a stock is expensive relative to its fundamentals. P/E ratio is the ratio of share price to a company's earnings per share. View historical data on SpiderPlus and its competitors. SpiderPlus's current PE Ratio is 187.11, which is 64% below median its own 10-year median of 526.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SpiderPlus stock overvalued right now?
Based on GuruFocus' analysis, SpiderPlus (TSE:4192) is currently considered Significantly Undervalued. The stock's GF Value™ is 円607.85, compared to a current price of 円328.00 — trading 46% below its estimated fair value. The current PE Ratio is 187.11, which is 64% below median its 10-year median of 526.54. SpiderPlus' overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio calculated?
PE Ratio is calculated from a company's financial statements. For SpiderPlus (TSE:4192), the current PE Ratio is 187.11 as of Sep. 22, 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 SpiderPlus (TSE:4192) Overvalued in 2026?

Based on GuruFocus' analysis, SpiderPlus stock appears to be undervalued. The current stock price of 円328.00 is trading 46% below its estimated GF Value™ of 円607.85. GuruFocus considers SpiderPlus to be Significantly Undervalued.

Key valuation signals for TSE:4192:

  • PE Ratio: 187.11 (64% below median its 10-year median of 526.54)
  • GF Value™: 円607.85 vs. price of 円328.00 (46% below fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the TSE:4192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SpiderPlus Business Description

Address 2-2-1 Toranomon, 27th Floor, Sumitomofudosan Toranomon Tower Building, Minato-ku, Tokyo, JPN, 105-0001
SpiderPlus & Co. is a Japanese technology company that develops and provides SPIDERPLUS, a cloud-based construction management platform used at building and infrastructure sites. The service centers on electronic drawing management, allowing field workers to view and annotate blueprints on tablets and smartphones, and on photo management that links site images to drawings for inspection, quality control, and progress reporting. It also supports communication among project participants and the digitization of construction documents. Customers are primarily general contractors, subcontractors, and construction-related firms in Japan, with the company expanding into civil engineering and facility maintenance applications. Revenue is generated mainly through subscription fees for the SPIDERPLUS software, charged per user or per project, supplemented by related services and support. The company focuses on the Japanese construction market, where labor shortages and demand for site efficiency drive adoption of such digital tools.
63GF Score

Get the complete analysis for TSE:4192

PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円328.00
Price
円607.85
GF Value