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HIRATA (TSE:6258) Cyclically Adjusted PS Ratio : 0.89 (As of Jun. 09, 2024)


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What is HIRATA Cyclically Adjusted PS Ratio?

As of today (2024-06-09), HIRATA's current share price is 円6600.00. HIRATA's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円7,380.84. HIRATA's Cyclically Adjusted PS Ratio for today is 0.89.

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

TSE:6258' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1.06   Max: 2.7
Current: 0.89

During the past years, HIRATA's highest Cyclically Adjusted PS Ratio was 2.70. The lowest was 0.61. And the median was 1.06.

TSE:6258's Cyclically Adjusted PS Ratio is ranked better than
64.51% of 2198 companies
in the Industrial Products industry
Industry Median: 1.42 vs TSE:6258: 0.89

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.

HIRATA's adjusted revenue per share data for the three months ended in Dec. 2023 was 円2,272.969. 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7,380.84 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


HIRATA Cyclically Adjusted PS Ratio Historical Data

The historical data trend for HIRATA'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.

HIRATA Cyclically Adjusted PS Ratio Chart

HIRATA 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 0.77 1.11 0.84 0.98 -

HIRATA 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 0.98 1.20 1.04 0.85 -

Competitive Comparison of HIRATA's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, HIRATA'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.


HIRATA's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

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

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



HIRATA 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6600.00/7380.84
=0.89

* 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.

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

For example, HIRATA'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)
=2272.969/106.8000*106.8000
=2,272.969

Current CPI (Dec. 2023) = 106.8000.

HIRATA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1,427.886 95.700 1,593.503
201406 844.304 98.000 920.119
201409 1,168.183 98.500 1,266.619
201412 1,316.264 97.900 1,435.924
201503 1,690.851 97.900 1,844.565
201506 1,148.233 98.400 1,246.253
201509 1,306.768 98.500 1,416.881
201512 985.477 98.100 1,072.874
201603 1,820.694 97.900 1,986.212
201606 1,536.825 98.100 1,673.118
201609 1,802.040 98.000 1,963.856
201612 2,184.634 98.400 2,371.127
201703 3,011.992 98.100 3,279.111
201706 2,694.984 98.500 2,922.074
201709 2,011.203 98.800 2,174.053
201712 1,833.812 99.400 1,970.333
201803 2,547.864 99.200 2,743.063
201806 1,368.770 99.200 1,473.635
201809 1,901.033 99.900 2,032.336
201812 1,946.337 99.700 2,084.943
201903 2,136.424 99.700 2,288.567
201906 1,331.391 99.800 1,424.775
201909 1,404.460 100.100 1,498.465
201912 1,399.062 100.500 1,486.764
202003 2,180.338 100.300 2,321.636
202006 1,683.340 99.900 1,799.607
202009 1,473.436 99.900 1,575.205
202012 1,342.927 99.300 1,444.357
202103 1,779.557 99.900 1,902.469
202106 1,524.246 99.500 1,636.075
202109 1,614.430 100.100 1,722.489
202112 1,650.577 100.100 1,761.055
202203 1,672.023 101.100 1,766.291
202206 1,612.242 101.800 1,691.429
202209 1,726.620 103.100 1,788.584
202212 1,975.383 104.100 2,026.618
202303 2,239.804 104.400 2,291.294
202306 1,844.688 105.200 1,872.744
202309 1,756.523 106.200 1,766.447
202312 2,272.969 106.800 2,272.969

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.


HIRATA  (TSE:6258) 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.


HIRATA Cyclically Adjusted PS Ratio Related Terms

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


HIRATA (TSE:6258) Business Description

Traded in Other Exchanges
Address
111 Ichiki, Uekicho, Kita-ku, Kumamoto, JPN, 861-0198
HIRATA Corp is a Japan-based company which mainly manufactures and sells of various manufacturing line systems, industrial robot, and logistic equipment. The company manufactures and deals in production systems for various fields including automotive, semiconductors and home electronics. Its products are power trains assembly equipment for electric control machines; load ports, atmosphere/vacuum-corresponding wafer transfer robots; cutting systems, coater systems, and lamination systems for the glass display; controller units and various component robots; production equipment for home electronics and electrical appliances; and lead-free vacuum soldering equipment, power module-related products, and others.

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