Ichigo (TSE:2337) PS Ratio: 1.97 (As of Jul. 19, 2026) — 10% Below Median

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:2337 Ichigo Inc TSE:2337
74 GF Score
Price 円431.00
GF Value 円461.13
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Ichigo PS Ratio?

Ichigo TSE:2337 +4.11% 74 PS Ratio is 1.97 as of Jul. 19, 2026, which is 10% below its 10-year median of 2.18. GuruFocus rates TSE:2337 with a GF Score™ of 74/100 and a GF Value™ of 円461.13 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,745 Real Estate companies, Ichigo ranks better than 54.27% on this metric.

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Ichigo's share price is 円431.00. Ichigo's Revenue per Share for the trailing twelve months (TTM) ended in May. 2026 was 円218.94. Hence, Ichigo's PS Ratio for today is 1.97.

The historical rank and industry rank for Ichigo's PS Ratio or its related term are showing as below:

TSE:2337' s PS Ratio Range Over the Past 10 Years
Min: 1.2   Med: 2.18   Max: 4.46
Current: 1.97

During the past 13 years, Ichigo's highest PS Ratio was 4.46. The lowest was 1.20. And the median was 2.18.

TSE:2337's PS Ratio is ranked better than
54.27% of 1745 companies
in the Real Estate industry
Industry Median: 2.39 vs TSE:2337: 1.97

Ichigo's Revenue per Sharefor the three months ended in May. 2026 was 円26.36. Its Revenue per Share for the trailing twelve months (TTM) ended in May. 2026 was 円218.94.

During the past 12 months, the average Revenue per Share Growth Rate of Ichigo was 33.50% per year. During the past 3 years, the average Revenue per Share Growth Rate was 14.70% per year. During the past 5 years, the average Revenue per Share Growth Rate was 13.30% per year. During the past 10 years, the average Revenue per Share Growth Rate was 4.00% per year.

During the past 13 years, Ichigo's highest 3-Year average Revenue per Share Growth Rate was 83.80% per year. The lowest was -64.70% per year. And the median was 12.80% per year.

Back to Basics: PS Ratio


Ichigo  (TSE:2337) PS Ratio Explanation

The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.

When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS 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

The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.


Ichigo PS Ratio Related Terms


Ichigo PS Ratio Historical Data

* Premium members only.

The historical data trend for Ichigo's PS 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.

Ichigo PS Ratio Chart

Ichigo Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.20 1.96 2.12 1.88 1.99

Ichigo Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
PS 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 2.33 1.89 1.73 1.99 2.06

TSE:2337 vs CBRE, BEKE, JLL: PS Ratio Comparison

For the Real Estate Services subindustry, Ichigo's PS Ratio, along with its competitors' market caps and 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.


Ichigo PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Ichigo's PS Ratio distribution charts can be found below:

* The bar in red indicates where Ichigo's PS Ratio falls into.


TSE:2337
74GF Score
Ichigo Inc TSE:2337
PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ichigo PS Ratio Calculation

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.

Ichigo's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=431.00/218.935
=1.97

Ichigo's Share Price of today is 円431.00.
Ichigo's Revenue per Share for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円218.94.

* 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:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.

Frequently Asked Questions Learn more about PS Ratio →
What does a PS Ratio of 1.97 mean?
Ichigo (TSE:2337) has a PS Ratio of 1.97 as of Jul. 19, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Ichigo and its competitors. This is 10% below median its historical median of 2.18. Over the past decade, Ichigo's PS Ratio has ranged from 1.20 to 4.46. According to the industry distribution chart, Ichigo ranks #798 out of 1745 companies in the Real Estate industry, placing it in the top 45.7%.
Is Ichigo's PS Ratio too high?
Ichigo's current PS Ratio of 1.97 is 10% below median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 4.46. The Real Estate industry median PS Ratio is 2.39. Ichigo's value of 1.97 is 17.6% below this industry median. Based on the distribution chart, Ichigo ranks #798 out of 1745 companies in the Real Estate industry, which is above the industry midpoint. Overall, Ichigo has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ichigo's PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Ichigo ranks #798 out of 1745 companies for PS Ratio. This puts Ichigo in the upper half of its industry. The industry median PS Ratio is 2.39. Ichigo's value of 1.97 is 17.6% below this benchmark. Historically, Ichigo's own PS Ratio has ranged from 1.20 to 4.46 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 2.39, Ichigo has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for a Real Estate company?
The median PS Ratio among Real Estate companies is 2.39, based on 1,745 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ichigo's current PS Ratio of 1.97 is 17.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Ichigo and its competitors. For the Real Estate industry, the median PS Ratio is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichigo's current PS Ratio is 1.97, which is 10% below median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichigo stock overvalued right now?
Based on GuruFocus' analysis, Ichigo (TSE:2337) is currently considered Fairly Valued. The stock's GF Value™ is 円461.13, compared to a current price of 円431.00 — trading 6.5% below its estimated fair value. The current PS Ratio is 1.97, which is 10% below median its 10-year median of 2.18 and 17.6% below the Real Estate industry median of 2.39. Ichigo's overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Ichigo (TSE:2337), the current PS Ratio is 1.97 as of Jul. 19, 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 Ichigo (TSE:2337) Overvalued in 2026?

Based on GuruFocus' analysis, Ichigo stock appears to be undervalued. The current stock price of 円431.00 is trading 6.5% below its estimated GF Value™ of 円461.13. GuruFocus considers Ichigo to be Fairly Valued.

Key valuation signals for TSE:2337:

  • PS Ratio: 1.97 (10% below median its 10-year median of 2.18)
  • GF Value™: 円461.13 vs. price of 円431.00 (6.5% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 17.6% below the Real Estate median (#798 of 1745)

No single metric tells the full story. See the TSE:2337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ichigo Business Description

Address 2-6-1 Marunouchi, 17th Floor, The Imperial Hotel Tower, Chiyoda-ku, Tokyo, JPN, 100-0011
Ichigo Inc is a Japanese real estate owner and operator, and clean energy producer. It manages several real estate investment trusts and operates solar plants across Japan. REIT opportunities include midsize hotel and office properties. Revenue is generated through fees via the management of the Ichigo REIT and private funds, and other fee-generating real estate services related to sourcing, financing, operation, property management, facility management, and disposition of real estate assets. Additional income is generated through the sale of properties and rental income. Clean Energy services involve the production of mega solar power.
74GF Score

Get the complete analysis for TSE:2337

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

円431.00
Price
円461.13
GF Value