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ITOCHU (ITOCHU) Cyclically Adjusted PS Ratio : 0.97 (As of Apr. 27, 2024)


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What is ITOCHU Cyclically Adjusted PS Ratio?

As of today (2024-04-27), ITOCHU's current share price is $88.94. ITOCHU's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $91.35. ITOCHU's Cyclically Adjusted PS Ratio for today is 0.97.

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

ITOCY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.64   Max: 1.05
Current: 1.01

During the past years, ITOCHU's highest Cyclically Adjusted PS Ratio was 1.05. The lowest was 0.41. And the median was 0.64.

ITOCY's Cyclically Adjusted PS Ratio is ranked worse than
60.32% of 441 companies
in the Conglomerates industry
Industry Median: 0.74 vs ITOCY: 1.01

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.

ITOCHU's adjusted revenue per share data for the three months ended in Dec. 2023 was $35.248. 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 $91.35 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


ITOCHU Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ITOCHU'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.

ITOCHU Cyclically Adjusted PS Ratio Chart

ITOCHU Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.55 0.80 0.81 0.73

ITOCHU Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.72 0.73 0.93 0.86 0.89

Competitive Comparison of ITOCHU's Cyclically Adjusted PS Ratio

For the Conglomerates subindustry, ITOCHU'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.


ITOCHU's Cyclically Adjusted PS Ratio Distribution in the Conglomerates Industry

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

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



ITOCHU 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=88.94/91.35
=0.97

* 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.

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

For example, ITOCHU'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)
=35.248/106.8000*106.8000
=35.248

Current CPI (Dec. 2023) = 106.8000.

ITOCHU Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 18.330 95.700 20.456
201406 15.690 98.000 17.099
201409 15.850 98.500 17.186
201412 14.162 97.900 15.449
201503 15.395 97.900 16.795
201506 12.649 98.400 13.729
201509 13.279 98.500 14.398
201512 13.038 98.100 14.194
201603 14.702 97.900 16.039
201606 13.299 98.100 14.478
201609 14.181 98.000 15.454
201612 13.428 98.400 14.574
201703 15.452 98.100 16.822
201706 14.109 98.500 15.298
201709 15.827 98.800 17.109
201712 16.474 99.400 17.700
201803 18.130 99.200 19.519
201806 30.634 99.200 32.981
201809 32.782 99.900 35.046
201812 36.473 99.700 39.070
201903 34.955 99.700 37.444
201906 33.535 99.800 35.887
201909 34.481 100.100 36.789
201912 34.084 100.500 36.221
202003 33.933 100.300 36.132
202006 29.793 99.900 31.851
202009 32.192 99.900 34.415
202012 34.656 99.300 37.274
202103 34.319 99.900 36.689
202106 35.672 99.500 38.289
202109 36.156 100.100 38.576
202112 38.076 100.100 40.625
202203 36.492 101.100 38.549
202206 34.322 101.800 36.008
202209 34.334 103.100 35.566
202212 35.919 104.100 36.851
202303 34.888 104.400 35.690
202306 32.555 105.200 33.050
202309 31.872 106.200 32.052
202312 35.248 106.800 35.248

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.


ITOCHU  (OTCPK:ITOCY) 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.


ITOCHU Cyclically Adjusted PS Ratio Related Terms

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


ITOCHU (ITOCHU) Business Description

Industry
Traded in Other Exchanges
Address
5-1, Kita Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8077
ITOCHU Corp is a group of businesses that engage in importing, exporting, and trading various products. The traded goods include textiles, machinery, metals, minerals, energy, chemicals, food, general products, realty, and information and communications technology. The largest segments by net profit to the group are Food and Energy and Chemicals. Food segment pursues efficiency-oriented operations from production and distribution to retail in all areas of food from raw materials to finished products both in Japan and overseas. The energy and chemicals segment trades crude oil and oil derivatives and chemicals.

ITOCHU (ITOCHU) Headlines

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