GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Taisei Corp (OTCPK:TISCF) » Definitions » Cyclically Adjusted PS Ratio

Taisei (Taisei) Cyclically Adjusted PS Ratio : 0.66 (As of May. 22, 2024)


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

What is Taisei Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Taisei's current share price is $36.52. Taisei's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $55.41. Taisei's Cyclically Adjusted PS Ratio for today is 0.66.

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

TISCF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.61   Max: 0.98
Current: 0.73

During the past years, Taisei's highest Cyclically Adjusted PS Ratio was 0.98. The lowest was 0.42. And the median was 0.61.

TISCF's Cyclically Adjusted PS Ratio is ranked worse than
54.42% of 1277 companies
in the Construction industry
Industry Median: 0.64 vs TISCF: 0.73

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.

Taisei's adjusted revenue per share data for the three months ended in Dec. 2023 was $15.230. 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 $55.41 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taisei Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Taisei'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.

Taisei Cyclically Adjusted PS Ratio Chart

Taisei 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 0.48 0.61 0.49 0.54 -

Taisei 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 0.54 0.65 0.67 0.61 -

Competitive Comparison of Taisei's Cyclically Adjusted PS Ratio

For the Engineering & Construction subindustry, Taisei'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.


Taisei's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Taisei's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Taisei 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.

Taisei's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=36.52/55.41
=0.66

* 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.

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

For example, Taisei'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)
=15.23/106.8000*106.8000
=15.230

Current CPI (Dec. 2023) = 106.8000.

Taisei Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 23.617 95.700 26.356
201406 12.451 98.000 13.569
201409 15.378 98.500 16.674
201412 14.939 97.900 16.297
201503 17.798 97.900 19.416
201506 11.476 98.400 12.456
201509 14.045 98.500 15.228
201512 13.608 98.100 14.815
201603 16.331 97.900 17.816
201606 12.077 98.100 13.148
201609 14.894 98.000 16.231
201612 14.024 98.400 15.221
201703 18.100 98.100 19.705
201706 12.619 98.500 13.682
201709 14.577 98.800 15.757
201712 15.701 99.400 16.870
201803 21.128 99.200 22.747
201806 12.923 99.200 13.913
201809 15.695 99.900 16.779
201812 16.052 99.700 17.195
201903 22.822 99.700 24.447
201906 14.876 99.800 15.919
201909 18.284 100.100 19.508
201912 17.709 100.500 18.819
202003 25.344 100.300 26.986
202006 11.831 99.900 12.648
202009 14.688 99.900 15.702
202012 17.614 99.300 18.944
202103 22.444 99.900 23.994
202106 12.503 99.500 13.420
202109 15.329 100.100 16.355
202112 16.352 100.100 17.446
202203 22.498 101.100 23.766
202206 12.291 101.800 12.895
202209 13.764 103.100 14.258
202212 14.765 104.100 15.148
202303 21.167 104.400 21.654
202306 12.359 105.200 12.547
202309 14.779 106.200 14.862
202312 15.230 106.800 15.230

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.


Taisei  (OTCPK:TISCF) 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.


Taisei Cyclically Adjusted PS Ratio Related Terms

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


Taisei (Taisei) Business Description

Industry
Traded in Other Exchanges
Address
Shinjuku Center Building, 1-25-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0606
Taisei Corp provides civil engineering and building development services in many different areas. It enters contracts to develop and enhance urbanization in designated regions. The company has four operating segments: civil engineering (majority of total revenue), building construction, real estate development, and other. It participates in all phases of project development, including planning, design, construction, and aftermarket services. Multiple projects are conducted simultaneously as the company showcases its expansive network and technical know-how. Taisei's projects range from traffic infrastructure and tunnels to airport facilities and high-rise building offices. Customers in Japan account for majority of total sales.

Taisei (Taisei) Headlines

No Headlines