GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Aozora Bank Ltd (OTCPK:AOZOF) » Definitions » Cyclically Adjusted PS Ratio

Aozora Bank (Aozora Bank) Cyclically Adjusted PS Ratio : 2.59 (As of Jun. 04, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Aozora Bank Cyclically Adjusted PS Ratio?

As of today (2024-06-04), Aozora Bank's current share price is $16.06. Aozora Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $6.20. Aozora Bank's Cyclically Adjusted PS Ratio for today is 2.59.

The historical rank and industry rank for Aozora Bank's Cyclically Adjusted PS Ratio or its related term are showing as below:

AOZOF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.88   Med: 2.79   Max: 5.63
Current: 2.31

During the past years, Aozora Bank's highest Cyclically Adjusted PS Ratio was 5.63. The lowest was 1.88. And the median was 2.79.

AOZOF's Cyclically Adjusted PS Ratio is ranked better than
52.24% of 1185 companies
in the Banks industry
Industry Median: 2.38 vs AOZOF: 2.31

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Aozora Bank's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.306. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $6.20 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aozora Bank Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Aozora Bank's Cyclically Adjusted 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.

* Premium members only.

Aozora Bank Cyclically Adjusted PS Ratio Chart

Aozora Bank Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.31 2.75 2.69 2.37 -

Aozora Bank Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted 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 2.37 2.64 2.98 3.00 -

Competitive Comparison of Aozora Bank's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Aozora Bank's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


Aozora Bank's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Aozora Bank's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Aozora Bank's Cyclically Adjusted PS Ratio falls into.



Aozora Bank Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Aozora Bank's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=16.06/6.2
=2.59

* 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.

Aozora Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Aozora Bank's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.306/106.8000*106.8000
=1.306

Current CPI (Dec. 2023) = 106.8000.

Aozora Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.859 95.700 2.075
201406 2.751 98.000 2.998
201409 2.257 98.500 2.447
201412 2.141 97.900 2.336
201503 1.715 97.900 1.871
201506 1.910 98.400 2.073
201509 1.765 98.500 1.914
201512 1.868 98.100 2.034
201603 2.003 97.900 2.185
201606 2.194 98.100 2.389
201609 2.420 98.000 2.637
201612 1.916 98.400 2.080
201703 1.559 98.100 1.697
201706 2.487 98.500 2.697
201709 2.022 98.800 2.186
201712 2.368 99.400 2.544
201803 1.620 99.200 1.744
201806 2.398 99.200 2.582
201809 2.104 99.900 2.249
201812 2.073 99.700 2.221
201903 1.980 99.700 2.121
201906 2.568 99.800 2.748
201909 2.238 100.100 2.388
201912 2.539 100.500 2.698
202003 2.719 100.300 2.895
202006 2.193 99.900 2.344
202009 2.280 99.900 2.437
202012 2.236 99.300 2.405
202103 2.632 99.900 2.814
202106 2.510 99.500 2.694
202109 1.999 100.100 2.133
202112 2.178 100.100 2.324
202203 2.108 101.100 2.227
202206 2.208 101.800 2.316
202209 1.604 103.100 1.662
202212 1.305 104.100 1.339
202303 1.516 104.400 1.551
202306 1.689 105.200 1.715
202309 2.109 106.200 2.121
202312 1.306 106.800 1.306

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Aozora Bank  (OTCPK:AOZOF) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Aozora Bank Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Aozora Bank's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Aozora Bank (Aozora Bank) Business Description

Traded in Other Exchanges
Address
3-1, Kudan-minami 1-chome, Chiyoda-ku, Tokyo, JPN, 102-8660
Aozora Bank Ltd is a full-service commercial bank with operations primarily in Japan. The bank's activities are divided into six areas of focus, including retail banking, corporate finance, financial institutions, specialty finance, international, and financial markets. Most of its retail banking activities are focused on asset management consulting activities to drive sales of investment products, primarily in investment trusts and structured notes. Corporate finance is mostly focused on providing solutions to small and medium-sized enterprises. Its specialty finance business is mostly focused on real estate and business recovery. Aozora's financial markets business mostly engages in derivatives along with asset and liability management.

Aozora Bank (Aozora Bank) Headlines

From GuruFocus

Full Year 2020 Aozora Bank Ltd Earnings Call Transcript

By GuruFocus Research 02-12-2024

Full Year 2023 Aozora Bank Ltd Earnings Call Transcript

By GuruFocus Research 02-12-2024

Q2 2022 Aozora Bank Ltd Earnings Call Transcript

By GuruFocus Research 02-12-2024

Q2 2021 Aozora Bank Ltd Earnings Call Transcript

By GuruFocus Research 02-12-2024

Q2 2020 Aozora Bank Ltd Earnings Net Conference Transcript

By GuruFocus Research 02-12-2024

Full Year 2023 Aozora Bank Ltd Earnings Call Transcript

By GuruFocus Research 02-12-2024