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I-Pex (TSE:6640) Cyclically Adjusted PS Ratio : 0.61 (As of Jun. 06, 2024)


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What is I-Pex Cyclically Adjusted PS Ratio?

As of today (2024-06-06), I-Pex's current share price is 円2002.00. I-Pex's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円3,301.21. I-Pex's Cyclically Adjusted PS Ratio for today is 0.61.

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

TSE:6640' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.58   Max: 1.11
Current: 0.6

During the past years, I-Pex's highest Cyclically Adjusted PS Ratio was 1.11. The lowest was 0.35. And the median was 0.58.

TSE:6640's Cyclically Adjusted PS Ratio is ranked better than
68.73% of 1922 companies
in the Hardware industry
Industry Median: 1.1 vs TSE:6640: 0.60

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.

I-Pex's adjusted revenue per share data for the three months ended in Mar. 2024 was 円790.728. 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3,301.21 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


I-Pex Cyclically Adjusted PS Ratio Historical Data

The historical data trend for I-Pex'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.

I-Pex Cyclically Adjusted PS Ratio Chart

I-Pex Annual Data
Trend Dec14 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 0.90 0.69 0.66 0.38 0.47

I-Pex 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 0.44 0.42 0.49 0.47 0.55

Competitive Comparison of I-Pex's Cyclically Adjusted PS Ratio

For the Electronic Components subindustry, I-Pex'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.


I-Pex's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, I-Pex's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



I-Pex 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.

I-Pex's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2002.00/3301.21
=0.61

* 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.

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

For example, I-Pex'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)
=790.728/107.2000*107.2000
=790.728

Current CPI (Mar. 2024) = 107.2000.

I-Pex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 691.948 98.000 756.906
201409 718.312 98.500 781.757
201412 749.587 97.900 820.794
201503 710.441 97.900 777.929
201506 680.679 98.400 741.553
201509 759.015 98.500 826.055
201512 764.994 98.100 835.957
201603 653.929 97.900 716.049
201606 666.627 98.100 728.465
201609 702.565 98.000 768.520
201612 717.694 98.400 781.878
201703 709.963 98.100 775.821
201706 751.540 98.500 817.920
201709 824.792 98.800 894.916
201712 818.753 99.400 883.001
201803 754.874 99.200 815.751
201806 762.842 99.200 824.362
201809 824.972 99.900 885.255
201812 807.152 99.700 867.871
201903 713.551 99.700 767.228
201906 806.673 99.800 866.486
201909 848.592 100.100 908.782
201912 769.428 100.500 820.723
202003 679.468 100.300 726.211
202006 620.253 99.900 665.577
202009 769.642 99.900 825.882
202012 843.188 99.300 910.269
202103 858.135 99.900 920.842
202106 893.714 99.500 962.876
202109 923.036 100.100 988.506
202112 902.785 100.100 966.819
202203 798.132 101.100 846.288
202206 794.153 101.800 836.279
202209 864.028 103.100 898.388
202212 760.673 104.100 783.325
202303 703.019 104.400 721.874
202306 790.308 105.200 805.333
202309 831.545 106.200 839.375
202312 856.296 106.800 859.503
202403 790.728 107.200 790.728

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.


I-Pex  (TSE:6640) 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.


I-Pex Cyclically Adjusted PS Ratio Related Terms

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


I-Pex (TSE:6640) Business Description

Industry
Traded in Other Exchanges
N/A
Address
12-4 Negoro, Momoyama-cho, Fushimi-ku, Kyoto, JPN, 612-8024
I-Pex Inc is a Japanese based manufacturer of super precision components. It operates into four business divisions including electronic components business, automotive components business, precision components business, and mold and manufacturing equipment business. Its products include connectors, electrical parts sensors, hard disk drive parts, audio-video components, insert molded sensors, meters, full automatic semiconductor molding machine, semi-auto molding machine, taping and detaping machine.

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