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Nippon Paper Group, (TSE:3893) Cyclically Adjusted PS Ratio : (As of Jun. 11, 2024)


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What is Nippon Paper Group, Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Paper Group, Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Nippon Paper Group,'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.

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Nippon Paper Group, Cyclically Adjusted PS Ratio Chart

Nippon Paper Group, Annual Data
Trend Mar03 Mar04 Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12
Cyclically Adjusted PS Ratio
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Nippon Paper Group, Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
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Competitive Comparison of Nippon Paper Group,'s Cyclically Adjusted PS Ratio

For the Paper & Paper Products subindustry, Nippon Paper Group,'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.


Nippon Paper Group,'s Cyclically Adjusted PS Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nippon Paper Group,'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Nippon Paper Group,'s Cyclically Adjusted PS Ratio falls into.



Nippon Paper Group, 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.

Nippon Paper Group,'s Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar12 is calculated as:

For example, Nippon Paper Group,'s adjusted Revenue per Share data for the fiscal year that ended in Mar12 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar12 (Change)*Current CPI (Mar12)
=9002.349/95.1000*95.1000
=9,002.349

Current CPI (Mar12) = 95.1000.

Nippon Paper Group, Annual Data

Revenue per Share CPI Adj_RevenuePerShare
200303 9,880.966 95.400 9,849.894
200403 10,389.924 95.300 10,368.119
200503 10,226.036 95.300 10,204.575
200603 10,135.615 95.100 10,135.615
200703 11,045.091 95.000 11,056.717
200803 11,131.156 96.100 11,015.327
200903 10,623.439 95.900 10,534.818
201003 9,623.092 95.100 9,623.092
201103 9,496.900 94.600 9,547.095
201203 9,002.349 95.100 9,002.349

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.


Nippon Paper Group,  (TSE:3893) 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.


Nippon Paper Group, Cyclically Adjusted PS Ratio Related Terms

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Nippon Paper Group, (TSE:3893) Business Description

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