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Japan Tobacco (TSE:2914) Cyclically Adjusted PS Ratio : 3.10 (As of May. 20, 2024)


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What is Japan Tobacco Cyclically Adjusted PS Ratio?

As of today (2024-05-20), Japan Tobacco's current share price is 円4411.00. Japan Tobacco's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円1,423.88. Japan Tobacco's Cyclically Adjusted PS Ratio for today is 3.10.

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

TSE:2914' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.45   Med: 1.83   Max: 3.1
Current: 3.1

During the past years, Japan Tobacco's highest Cyclically Adjusted PS Ratio was 3.10. The lowest was 1.45. And the median was 1.83.

TSE:2914's Cyclically Adjusted PS Ratio is ranked worse than
74.29% of 35 companies
in the Tobacco Products industry
Industry Median: 1.75 vs TSE:2914: 3.10

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.

Japan Tobacco's adjusted revenue per share data for the three months ended in Mar. 2024 was 円416.934. 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 円1,423.88 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Tobacco Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Japan Tobacco'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.

Japan Tobacco Cyclically Adjusted PS Ratio Chart

Japan Tobacco Annual Data
Trend Mar14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 1.70 1.82 1.96 2.58

Japan Tobacco 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 2.04 2.27 2.45 2.58 2.85

Competitive Comparison of Japan Tobacco's Cyclically Adjusted PS Ratio

For the Tobacco subindustry, Japan Tobacco'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.


Japan Tobacco's Cyclically Adjusted PS Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Japan Tobacco 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.

Japan Tobacco's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4411.00/1423.88
=3.10

* 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.

Japan Tobacco's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Japan Tobacco's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=416.934/107.2000*107.2000
=416.934

Current CPI (Mar. 2024) = 107.2000.

Japan Tobacco Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 305.983 98.000 334.708
201409 339.831 98.500 369.847
201412 538.612 97.900 589.777
201503 306.527 97.900 335.645
201506 344.262 98.400 375.050
201509 331.088 98.500 360.331
201512 314.993 98.100 344.213
201603 298.066 97.900 326.381
201606 302.923 98.100 331.023
201609 302.280 98.000 330.657
201612 292.836 98.400 319.025
201703 287.427 98.100 314.089
201706 300.900 98.500 327.477
201709 305.556 98.800 331.534
201712 305.089 99.400 329.030
201803 287.404 99.200 310.582
201806 312.610 99.200 337.820
201809 335.086 99.900 359.572
201812 301.374 99.700 324.045
201903 282.876 99.700 304.156
201906 311.715 99.800 334.828
201909 324.104 100.100 347.092
201912 305.324 100.500 325.679
202003 292.780 100.300 312.921
202006 287.682 99.900 308.704
202009 316.549 99.900 339.680
202012 281.948 99.300 304.379
202103 308.372 99.900 330.906
202106 336.414 99.500 362.448
202109 350.111 100.100 374.944
202112 314.750 100.100 337.075
202203 327.561 101.100 347.325
202206 386.023 101.800 406.500
202209 417.761 103.100 434.374
202212 365.698 104.100 376.588
202303 374.706 104.400 384.756
202306 409.771 105.200 417.561
202309 430.384 106.200 434.437
202312 385.242 106.800 386.685
202403 416.934 107.200 416.934

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.


Japan Tobacco  (TSE:2914) 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.


Japan Tobacco Cyclically Adjusted PS Ratio Related Terms

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


Japan Tobacco (TSE:2914) Business Description

Traded in Other Exchanges
Address
2-1, Toranomon 2-chome, Minato-ku, Tokyo, JPN, 105-8422
Japan Tobacco is the third-largest tobacco company globally. It owns a rich brand portfolio including Winston (non-U.S.), Camel (non-U.S.), and Mevius, and holds leading shares in many core markets including Japan, Russia, and the U.K. It has added Logic as a vaping brand and Ploom heated tobacco lines into its reduced-risk-product portfolio. The tobacco business contributes 90% of group sales and nearly all profits, with more than half generated by the overseas tobacco operations. JTI was created through the acquisition of R.J. Reynolds' non-U.S. operations in 1999 and further expanded through multiple acquisitions, of which the purchase of Gallaher in 2007 was the most notable, doubling JTI's sales. Pharmaceutical and processed food operations are the other businesses.

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