Choei (TSE:2993) PS Ratio: 0.86 (As of Jul. 18, 2026) — 10% Below Median

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:2993 Choei Inc TSE:2993
64 GF Score
Price 円2,141.00
GF Value 円2,474.85
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Choei PS Ratio?

Choei TSE:2993 -1.11% 64 PS Ratio is 0.86 as of Jul. 18, 2026, which is 10% below its 10-year median of 0.96. GuruFocus rates TSE:2993 with a GF Score™ of 64/100 and a GF Value™ of 円2,474.85 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,739 Real Estate companies, Choei ranks better than 74.53% 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, Choei's share price is 円2141.00. Choei's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was 円2,480.22. Hence, Choei's PS Ratio for today is 0.86.

Good Sign:

Choei Inc stock PS Ratio (=0.86) is close to 3-year low of 0.82.

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

TSE:2993' s PS Ratio Range Over the Past 10 Years
Min: 0.72   Med: 0.96   Max: 1.16
Current: 0.86

During the past 7 years, Choei's highest PS Ratio was 1.16. The lowest was 0.72. And the median was 0.96.

TSE:2993's PS Ratio is ranked better than
74.53% of 1739 companies
in the Real Estate industry
Industry Median: 2.39 vs TSE:2993: 0.86

Choei's Revenue per Sharefor the six months ended in Mar. 2026 was 円1,299.98. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was 円2,480.22.

During the past 12 months, the average Revenue per Share Growth Rate of Choei was 9.90% per year. During the past 3 years, the average Revenue per Share Growth Rate was 6.60% per year. During the past 5 years, the average Revenue per Share Growth Rate was 2.40% per year.

During the past 7 years, Choei's highest 3-Year average Revenue per Share Growth Rate was 6.60% per year. The lowest was -0.90% per year. And the median was 2.50% per year.

Back to Basics: PS Ratio


Choei  (TSE:2993) 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.


Choei PS Ratio Related Terms


Choei PS Ratio Historical Data

* Premium members only.

The historical data trend for Choei'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.

Choei PS Ratio Chart

Choei Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PS Ratio
Get a 7-Day Free Trial 0.78 1.02 1.05 0.93 0.97

Choei Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.05 1.81 0.93 0.00 0.97

TSE:2993 vs CBRE, BEKE, JLL: PS Ratio Comparison

For the Real Estate Services subindustry, Choei'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.


Choei PS Ratio vs Real Estate Industry

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

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


TSE:2993
64GF Score
Choei Inc TSE:2993
PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Choei 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.

Choei's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=2141.00/2480.218
=0.86

Choei's Share Price of today is 円2141.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Choei's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was 円2,480.22.

* 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 0.86 mean?
Choei (TSE:2993) has a PS Ratio of 0.86 as of Jul. 18, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Choei and its competitors. This is 10% below median its historical median of 0.96. Over the past decade, Choei's PS Ratio has ranged from 0.72 to 1.16. According to the industry distribution chart, Choei ranks #443 out of 1739 companies in the Real Estate industry, placing it in the top 25.5%.
Is Choei's PS Ratio too high?
Choei's current PS Ratio of 0.86 is 10% below median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 1.16. The Real Estate industry median PS Ratio is 2.39. Choei's value of 0.86 is 64% below this industry median. Based on the distribution chart, Choei ranks #443 out of 1739 companies in the Real Estate industry, which is above the industry midpoint. Overall, Choei has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Choei's PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Choei ranks #443 out of 1739 companies for PS Ratio. This puts Choei in the upper half of its industry. The industry median PS Ratio is 2.39. Choei's value of 0.86 is 64% below this benchmark. Historically, Choei's own PS Ratio has ranged from 0.72 to 1.16 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 2.39, Choei 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 1,739 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. Choei's current PS Ratio of 0.86 is 64% 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 Choei 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. Choei's current PS Ratio is 0.86, which is 10% below median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Choei stock overvalued right now?
Based on GuruFocus' analysis, Choei (TSE:2993) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,474.85, compared to a current price of 円2,141.00 — trading 13.5% below its estimated fair value. The current PS Ratio is 0.86, which is 10% below median its 10-year median of 0.96 and 64% below the Real Estate industry median of 2.39. Choei's overall GF Score™ is 64/100 with 6 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 Choei (TSE:2993), the current PS Ratio is 0.86 as of Jul. 18, 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 Choei (TSE:2993) Overvalued in 2026?

Based on GuruFocus' analysis, Choei stock appears to be undervalued. The current stock price of 円2,141.00 is trading 13.5% below its estimated GF Value™ of 円2,474.85. GuruFocus considers Choei to be Modestly Undervalued.

Key valuation signals for TSE:2993:

  • PS Ratio: 0.86 (10% below median its 10-year median of 0.96)
  • GF Value™: 円2,474.85 vs. price of 円2,141.00 (13.5% below fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 64% below the Real Estate median (#443 of 1739)

No single metric tells the full story. See the TSE:2993 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Choei Business Description

Address 70 Fukakusa Nishiuracho 3-chome, 5th Choei Astro Building, Fushimi-ku, Kyoto, JPN
Choei Inc is engaged in the real estate management and real estate rental businesses. The real estate management business provides necessary services for rental property management, such as building maintenance, renovation work, and rental brokerage (leasing), in addition to tenant management, and the real estate rental business mainly handles the rental of its properties and subleased properties. The company's reportable segments are Property Rental Business, which generates the maximum revenue, and the Property Management Business.
64GF Score

Get the complete analysis for TSE:2993

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

円2,141.00
Price
円2,474.85
GF Value