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Kajima (Kajima) Cyclically Adjusted PS Ratio : 0.65 (As of Apr. 27, 2024)


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What is Kajima Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Kajima's current share price is $18.823. Kajima's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $28.94. Kajima's Cyclically Adjusted PS Ratio for today is 0.65.

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

KAJMY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.45   Max: 0.77
Current: 0.68

During the past years, Kajima's highest Cyclically Adjusted PS Ratio was 0.77. The lowest was 0.29. And the median was 0.45.

KAJMY's Cyclically Adjusted PS Ratio is ranked worse than
51.93% of 1242 companies
in the Construction industry
Industry Median: 0.63 vs KAJMY: 0.68

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.

Kajima's adjusted revenue per share data for the three months ended in Dec. 2023 was $9.943. 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 $28.94 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kajima Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Kajima'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.

Kajima Cyclically Adjusted PS Ratio Chart

Kajima 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 0.50 0.33 0.46 0.41 0.41

Kajima 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 0.40 0.41 0.55 0.60 0.56

Competitive Comparison of Kajima's Cyclically Adjusted PS Ratio

For the Engineering & Construction subindustry, Kajima'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.


Kajima's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

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

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



Kajima 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.823/28.94
=0.65

* 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.

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

For example, Kajima'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)
=9.943/106.8000*106.8000
=9.943

Current CPI (Dec. 2023) = 106.8000.

Kajima Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 9.035 95.700 10.083
201406 6.564 98.000 7.153
201409 7.189 98.500 7.795
201412 6.872 97.900 7.497
201503 8.305 97.900 9.060
201506 5.620 98.400 6.100
201509 6.776 98.500 7.347
201512 7.000 98.100 7.621
201603 8.819 97.900 9.621
201606 7.143 98.100 7.776
201609 7.997 98.000 8.715
201612 7.042 98.400 7.643
201703 9.974 98.100 10.859
201706 6.963 98.500 7.550
201709 7.339 98.800 7.933
201712 8.679 99.400 9.325
201803 9.070 99.200 9.765
201806 7.300 99.200 7.859
201809 8.265 99.900 8.836
201812 8.715 99.700 9.336
201903 9.867 99.700 10.570
201906 7.646 99.800 8.182
201909 9.416 100.100 10.046
201912 8.750 100.500 9.299
202003 10.389 100.300 11.062
202006 7.993 99.900 8.545
202009 8.716 99.900 9.318
202012 8.999 99.300 9.679
202103 9.435 99.900 10.087
202106 8.191 99.500 8.792
202109 9.122 100.100 9.733
202112 9.252 100.100 9.871
202203 10.140 101.100 10.712
202206 7.574 101.800 7.946
202209 9.023 103.100 9.347
202212 9.307 104.100 9.548
202303 9.827 104.400 10.053
202306 8.535 105.200 8.665
202309 10.134 106.200 10.191
202312 9.943 106.800 9.943

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.


Kajima  (OTCPK:KAJMY) 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.


Kajima Cyclically Adjusted PS Ratio Related Terms

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


Kajima (Kajima) Business Description

Industry
Traded in Other Exchanges
Address
3-1, Motoakasaka 1-chome, Minato-ku, Tokyo, JPN, 107-8388
Kajima Corp provides civil engineering and project management for multiple industries. It works in multiple phases, from planning and development to maintenance and renovation. The company constructs skyscrapers, power plants, office buildings, and other large structures. It enters contracts to complete construction work at the designated site, and add the necessary improvements. The company has five reportable segments: civil engineering, building construction, real estate development and other, domestic subsidiaries, and overseas subsidiaries. Kajima utilizes research and development for all segments, and allows engineers to receive training and enhance expertise through various programs. Japan accounts for majority of total revenue.

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