Applied Co (TSE:3020) PS Ratio: 0.23 (As of Jul. 23, 2026) — 44% Above 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:3020 Applied Co Ltd TSE:3020
76 GF Score
Price 円4,120.00
GF Value 円3,159.30
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Applied Co PS Ratio?

Applied Co TSE:3020 76 PS Ratio is 0.23 as of Jul. 23, 2026, which is 44% above its 10-year median of 0.16. GuruFocus rates TSE:3020 with a GF Score™ of 76/100 and a GF Value™ of 円3,159.30 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,473 Hardware companies, Applied Co ranks better than 92.72% 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, Applied Co's share price is 円4120.00. Applied Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was 円17,761.75. Hence, Applied Co's PS Ratio for today is 0.23.

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

TSE:3020' s PS Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.16   Max: 0.51
Current: 0.23

During the past 13 years, Applied Co's highest PS Ratio was 0.51. The lowest was 0.09. And the median was 0.16.

TSE:3020's PS Ratio is ranked better than
92.72% of 2473 companies
in the Hardware industry
Industry Median: 1.82 vs TSE:3020: 0.23

Applied Co's Revenue per Sharefor the six months ended in Mar. 2026 was 円9,942.66. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was 円17,761.75.

Warning Sign:

Applied Co Ltd revenue growth has slowed down over the past 12 months.

During the past 12 months, the average Revenue per Share Growth Rate of Applied Co was 1.50% per year. During the past 3 years, the average Revenue per Share Growth Rate was 7.50% per year. During the past 5 years, the average Revenue per Share Growth Rate was 3.40% per year. During the past 10 years, the average Revenue per Share Growth Rate was 4.80% per year.

During the past 13 years, Applied Co's highest 3-Year average Revenue per Share Growth Rate was 10.90% per year. The lowest was -8.20% per year. And the median was 3.25% per year.

Back to Basics: PS Ratio


Applied Co  (TSE:3020) 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.


Applied Co PS Ratio Related Terms


Applied Co PS Ratio Historical Data

* Premium members only.

The historical data trend for Applied Co'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.

Applied Co PS Ratio Chart

Applied Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.14 0.18 0.16 0.21

Applied Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 0.30 0.16 0.00 0.21

TSE:3020 vs SNX, ARW, AVT: PS Ratio Comparison

For the Electronics & Computer Distribution subindustry, Applied Co'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.


Applied Co PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Applied Co's PS Ratio distribution charts can be found below:

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


TSE:3020
76GF Score
Applied Co Ltd TSE:3020
PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Applied Co 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.

Applied Co's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=4120.00/17761.746
=0.23

Applied Co's Share Price of today is 円4120.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Applied Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was 円17,761.75.

* 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:

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 0.23 mean?
Applied Co (TSE:3020) has a PS Ratio of 0.23 as of Jul. 23, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Applied Co and its competitors. This is 44% above median its historical median of 0.16. Over the past decade, Applied Co's PS Ratio has ranged from 0.09 to 0.51. According to the industry distribution chart, Applied Co ranks #180 out of 2473 companies in the Hardware industry, placing it in the top 7.3%.
Is Applied Co's PS Ratio too high?
Applied Co's current PS Ratio of 0.23 is 44% above median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.51. The Hardware industry median PS Ratio is 1.82. Applied Co's value of 0.23 is 87.4% below this industry median. Based on the distribution chart, Applied Co ranks #180 out of 2473 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Applied Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Co's PS Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Applied Co ranks #180 out of 2473 companies for PS Ratio. This places Applied Co in the top 7% of its industry — outperforming the majority of peers. The industry median PS Ratio is 1.82. Applied Co's value of 0.23 is 87.4% below this benchmark. Historically, Applied Co's own PS Ratio has ranged from 0.09 to 0.51 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 1.82, Applied Co 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 Hardware company?
The median PS Ratio among Hardware companies is 1.82, based on 2,473 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. Applied Co's current PS Ratio of 0.23 is 87.4% 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 Applied Co and its competitors. For the Hardware industry, the median PS Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Co's current PS Ratio is 0.23, which is 44% above median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Co stock overvalued right now?
Based on GuruFocus' analysis, Applied Co (TSE:3020) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,159.30, compared to a current price of 円4,120.00 — trading 30.4% above its estimated fair value. The current PS Ratio is 0.23, which is 44% above median its 10-year median of 0.16 and 87.4% below the Hardware industry median of 1.82. Applied Co's overall GF Score™ is 76/100 with 1 warning sign 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 Applied Co (TSE:3020), the current PS Ratio is 0.23 as of Jul. 23, 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 Applied Co (TSE:3020) Overvalued in 2026?

Based on GuruFocus' analysis, Applied Co stock appears to be overvalued. The current stock price of 円4,120.00 is trading 30.4% above its estimated GF Value™ of 円3,159.30. GuruFocus considers Applied Co to be Modestly Overvalued.

Key valuation signals for TSE:3020:

  • PS Ratio: 0.23 (44% above median its 10-year median of 0.16)
  • GF Value™: 円3,159.30 vs. price of 円4,120.00 (30.4% above fair value)
  • GF Score™: 76/100 with 1 warning sign
  • Industry Position: 87.4% below the Hardware median (#180 of 2473)

No single metric tells the full story. See the TSE:3020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Applied Co Business Description

Address 3-3-1 Higashi-Hie, Hakata-ku, Fukuoka, JPN, 812-0007
Applied Co Ltd is engaged in contract development and maintenance of work WEB systems, digital development, content development for consumers, operation of a game shop, purchase and sale of used handsets, planning and development of technical services, and contract production of OEM products.
76GF Score

Get the complete analysis for TSE:3020

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

円4,120.00
Price
円3,159.30
GF Value