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Nikon (TSE:7731) Cyclically Adjusted PS Ratio : 0.84 (As of Jun. 11, 2024)


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What is Nikon Cyclically Adjusted PS Ratio?

As of today (2024-06-11), Nikon's current share price is 円1600.00. Nikon's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円1,900.40. Nikon's Cyclically Adjusted PS Ratio for today is 0.84.

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

TSE:7731' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.71   Max: 1.05
Current: 0.83

During the past years, Nikon's highest Cyclically Adjusted PS Ratio was 1.05. The lowest was 0.30. And the median was 0.71.

TSE:7731's Cyclically Adjusted PS Ratio is ranked better than
68.86% of 639 companies
in the Travel & Leisure industry
Industry Median: 1.43 vs TSE:7731: 0.83

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.

Nikon's adjusted revenue per share data for the three months ended in Mar. 2024 was 円540.789. 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1,900.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nikon Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Nikon'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.

Nikon Cyclically Adjusted PS Ratio Chart

Nikon 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 0.46 0.51 0.67 0.71 0.81

Nikon 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 0.71 0.97 0.82 0.73 0.81

Competitive Comparison of Nikon's Cyclically Adjusted PS Ratio

For the Leisure subindustry, Nikon'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.


Nikon's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Nikon's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Nikon 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1600.00/1900.4
=0.84

* 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.

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

For example, Nikon'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)
=540.789/107.2000*107.2000
=540.789

Current CPI (Mar. 2024) = 107.2000.

Nikon Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 446.850 98.000 488.799
201409 496.670 98.500 540.538
201412 610.933 97.900 668.969
201503 603.971 97.900 661.345
201506 467.626 98.400 509.446
201509 535.916 98.500 583.251
201512 547.858 98.100 598.679
201603 565.283 97.900 618.982
201606 426.411 98.100 465.966
201609 439.183 98.000 480.412
201612 561.117 98.400 611.298
201703 460.824 98.100 503.571
201706 428.644 98.500 466.504
201709 397.910 98.800 431.740
201712 495.222 99.400 534.082
201803 482.535 99.200 521.449
201806 419.908 99.200 453.772
201809 424.751 99.900 455.789
201812 479.260 99.700 515.313
201903 458.682 99.700 493.187
201906 361.255 99.800 388.041
201909 378.735 100.100 405.598
201912 395.360 100.500 421.717
202003 390.534 100.300 417.400
202006 176.298 99.900 189.181
202009 302.132 99.900 324.210
202012 408.188 99.300 440.662
202103 340.348 99.900 365.218
202106 358.445 99.500 386.184
202109 381.125 100.100 408.158
202112 361.017 100.100 386.624
202203 360.805 101.100 382.575
202206 395.370 101.800 416.342
202209 392.146 103.100 407.741
202212 469.053 104.100 483.021
202303 489.966 104.400 503.107
202306 454.288 105.200 462.925
202309 497.213 106.200 501.895
202312 567.417 106.800 569.542
202403 540.789 107.200 540.789

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.


Nikon  (TSE:7731) 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.


Nikon Cyclically Adjusted PS Ratio Related Terms

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


Nikon (TSE:7731) Business Description

Traded in Other Exchanges
Address
Konan 2-15-3 Shinagawa Intercity Building C, Minato-ku, Tokyo, JPN, 108-6290
Nikon manufactures photography and videography equipment. The company organises itself into various segments based on product type: imaging products, precision equipment, instruments, medical, and other business. The imaging products and precision equipment businesses collectively constitute the vast majority of company revenue. The imaging products business, which contributes more than half of consolidated revenue, principally produces digital cameras and interchangeable lenses. The precision equipment business produces semiconductor lithography systems for the production of semiconductors, and FPD lithography systems for the production of LCD and OLED panels.

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