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Tosoh (TSE:4042) Cyclically Adjusted PS Ratio : 0.69 (As of May. 26, 2024)


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What is Tosoh Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Tosoh's current share price is 円1957.50. Tosoh's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円2,829.45. Tosoh's Cyclically Adjusted PS Ratio for today is 0.69.

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

TSE:4042' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.68   Max: 1.1
Current: 0.69

During the past years, Tosoh's highest Cyclically Adjusted PS Ratio was 1.10. The lowest was 0.36. And the median was 0.68.

TSE:4042's Cyclically Adjusted PS Ratio is ranked better than
69.09% of 1210 companies
in the Chemicals industry
Industry Median: 1.23 vs TSE:4042: 0.69

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.

Tosoh's adjusted revenue per share data for the three months ended in Dec. 2023 was 円823.431. 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2,829.45 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tosoh Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tosoh'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.

Tosoh Cyclically Adjusted PS Ratio Chart

Tosoh 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 0.49 0.85 0.71 0.66 -

Tosoh 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 0.66 0.61 0.68 0.64 -

Competitive Comparison of Tosoh's Cyclically Adjusted PS Ratio

For the Chemicals subindustry, Tosoh'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.


Tosoh's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tosoh's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Tosoh 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1957.50/2829.45
=0.69

* 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.

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

For example, Tosoh'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)
=823.431/106.8000*106.8000
=823.431

Current CPI (Dec. 2023) = 106.8000.

Tosoh Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 705.530 95.700 787.363
201406 594.544 98.000 647.932
201409 684.693 98.500 742.388
201412 685.581 97.900 747.907
201503 732.410 97.900 798.993
201506 612.064 98.400 664.313
201509 627.338 98.500 680.200
201512 575.707 98.100 626.764
201603 561.586 97.900 612.639
201606 511.407 98.100 556.761
201609 526.094 98.000 573.335
201612 542.349 98.400 588.647
201703 706.416 98.100 769.065
201706 586.000 98.500 635.379
201709 619.039 98.800 669.164
201712 646.965 99.400 695.129
201803 679.719 99.200 731.794
201806 628.880 99.200 677.060
201809 676.707 99.900 723.447
201812 680.723 99.700 729.200
201903 663.986 99.700 711.271
201906 592.807 99.800 634.387
201909 626.482 100.100 668.414
201912 601.197 100.500 638.884
202003 597.640 100.300 636.370
202006 484.064 99.900 517.498
202009 539.184 99.900 576.425
202012 590.463 99.300 635.060
202103 678.752 99.900 725.633
202106 631.992 99.500 678.359
202109 714.038 100.100 761.831
202112 756.800 100.100 807.455
202203 782.394 101.100 826.505
202206 792.530 101.800 831.456
202209 861.576 103.100 892.496
202212 841.474 104.100 863.299
202303 847.362 104.400 866.842
202306 755.860 105.200 767.356
202309 769.720 106.200 774.069
202312 823.431 106.800 823.431

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.


Tosoh  (TSE:4042) 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.


Tosoh Cyclically Adjusted PS Ratio Related Terms

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


Tosoh (TSE:4042) Business Description

Industry
Traded in Other Exchanges
Address
3-8-2 Shiba, Minata-ku, Tokyo, JPN, 105-8623
Tosoh Corp manufactures and sells a variety of petrochemicals, plastics, and chemical-based products. The firm organizes itself into four segments, based on product type. The Petrochemical segment, which generates more revenue than any other segment, sells olefins and polymers, including ethylene and polyvinyl chloride, which are used to make plastics for a variety of end uses. The Chlor-Alkali segment sells caustic soda used to make soap, baking soda, and water treatment products. The Specialty segment sells battery materials, a variety of zirconia products, bromine used in electronics flame retardants, and clinical diagnostics equipment. The Engineering segment provides construction and water treatment services. The majority of revenue comes from Japan.

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