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Hokkaido Gas CoTSE:9534 +0.26%74 PS Ratio is 0.39 as of Jul. 17, 2026, which is 63% above its 10-year median of 0.24. GuruFocus rates TSE:9534 with a GF Score™ of 74/100 and a GF Value™ of 円568.93 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 500 Utilities - Regulated companies, Hokkaido Gas Co ranks better than 85.4% 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, Hokkaido Gas Co's share price is 円776.00.
Hokkaido Gas Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,970.39. Hence, Hokkaido Gas Co's PS Ratio for today is 0.39.
The historical rank and industry rank for Hokkaido Gas Co's PS Ratio or its related term are showing as below:
TSE:9534'
s PS Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.24 Max: 0.47
Current: 0.4
During the past 13 years, Hokkaido Gas Co's highest PS Ratio was 0.47. The lowest was 0.18. And the median was 0.24.
TSE:9534's PS Ratio is ranked better than 85.4% of 500
companies
in the Utilities - Regulated industry
Industry Median: 1.445
vs TSE:9534: 0.40
Hokkaido Gas 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 Hokkaido Gas Co was 2.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -0.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 8.30% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 7.60% per year.
During the past 13 years, Hokkaido Gas Co's highest 3-Year average Revenue per Share Growth Rate was 13.70% per year. The lowest was -2.50% per year. And the median was 3.15% per year.
Back to Basics: PS Ratio
Hokkaido Gas Co (TSE:9534) 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.
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.
Hokkaido Gas Co PS Ratio Related Terms
Hokkaido Gas Co PS Ratio Historical Data
* Premium members only.
The historical data trend for Hokkaido Gas 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.
For the Utilities - Regulated Gas subindustry, Hokkaido Gas 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.
Hokkaido Gas Co PS Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hokkaido Gas Co's PS Ratio distribution charts can be found below:
* The bar in red indicates where Hokkaido Gas Co's PS Ratio falls into.
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.
Hokkaido Gas Co's Share Price of today is 円776.00. Hokkaido Gas Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円1,970.39.
* 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:
Hokkaido Gas Co (TSE:9534) has a PS Ratio of 0.39 as of Jul. 17, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Hokkaido Gas Co and its competitors. This is 63% above median its historical median of 0.24. Over the past decade, Hokkaido Gas Co's PS Ratio has ranged from 0.18 to 0.47. According to the industry distribution chart, Hokkaido Gas Co ranks #73 out of 500 companies in the Utilities - Regulated industry, placing it in the top 14.6%.
Is Hokkaido Gas Co's PS Ratio too high?
Hokkaido Gas Co's current PS Ratio of 0.39 is 63% above median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.47. The Utilities - Regulated industry median PS Ratio is 1.45. Hokkaido Gas Co's value of 0.39 is 73% below this industry median. Based on the distribution chart, Hokkaido Gas Co ranks #73 out of 500 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Hokkaido Gas Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokkaido Gas Co's PS Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokkaido Gas Co ranks #73 out of 500 companies for PS Ratio. This places Hokkaido Gas Co in the top 15% of its industry — outperforming the majority of peers. The industry median PS Ratio is 1.45. Hokkaido Gas Co's value of 0.39 is 73% below this benchmark. Historically, Hokkaido Gas Co's own PS Ratio has ranged from 0.18 to 0.47 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 1.45, Hokkaido Gas 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 an Utilities - Regulated company?
The median PS Ratio among Utilities - Regulated companies is 1.45, based on 500 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. Hokkaido Gas Co's current PS Ratio of 0.39 is 73% 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 Hokkaido Gas Co and its competitors. For the Utilities - Regulated industry, the median PS Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkaido Gas Co's current PS Ratio is 0.39, which is 63% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkaido Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokkaido Gas Co (TSE:9534) is currently considered Significantly Overvalued. The stock's GF Value™ is 円568.93, compared to a current price of 円776.00 — trading 36.4% above its estimated fair value. The current PS Ratio is 0.39, which is 63% above median its 10-year median of 0.24 and 73% below the Utilities - Regulated industry median of 1.45. Hokkaido Gas Co's overall GF Score™ is 74/100 with 2 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 Hokkaido Gas Co (TSE:9534), the current PS Ratio is 0.39 as of Jul. 17, 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 Hokkaido Gas Co (TSE:9534) Overvalued in 2026?
Based on GuruFocus' analysis, Hokkaido Gas Co stock appears to be overvalued.
The current stock price of 円776.00 is trading 36.4% above its estimated GF Value™ of 円568.93.
GuruFocus considers Hokkaido Gas Co to be Significantly Overvalued.
Key valuation signals for TSE:9534:
PS Ratio: 0.39 (63% above median its 10-year median of 0.24)
GF Value™: 円568.93 vs. price of 円776.00 (36.4% above fair value)
Industry Position: 73% below the Utilities - Regulated median (#73 of 500)
No single metric tells the full story. See the TSE:9534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokkaido Gas Co Ltd is a Japan-based company operating in the utility sector. Its business activities included gas, heat supply, power supply, and sale of gas by-products. The company is also engaged in the production and sale of gas appliances and related construction work. Hokkaido serves to individual and corporate customers in areas throughout Japan including Sapporo, Otaru, Hakodate, Chitose, Ishikari, Kitahiroshima, Eniwa, Hokuto, and Kitami.
74GF Score
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