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DSEEY (Daiwa Securities Group) Cyclically Adjusted PS Ratio : 2.55 (As of May. 16, 2025)


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What is Daiwa Securities Group Cyclically Adjusted PS Ratio?

As of today (2025-05-16), Daiwa Securities Group's current share price is $6.64. Daiwa Securities Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was $2.60. Daiwa Securities Group's Cyclically Adjusted PS Ratio for today is 2.55.

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

DSEEY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.2   Med: 1.87   Max: 3.38
Current: 2.4

During the past years, Daiwa Securities Group's highest Cyclically Adjusted PS Ratio was 3.38. The lowest was 1.20. And the median was 1.87.

DSEEY's Cyclically Adjusted PS Ratio is ranked better than
60.94% of 576 companies
in the Capital Markets industry
Industry Median: 3.14 vs DSEEY: 2.40

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.

Daiwa Securities Group's adjusted revenue per share data for the three months ended in Dec. 2024 was $0.849. 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 $2.60 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daiwa Securities Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Daiwa Securities Group'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.

Daiwa Securities Group Cyclically Adjusted PS Ratio Chart

Daiwa Securities Group Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.77 2.03 1.71 2.96 -

Daiwa Securities Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.96 3.11 2.50 2.54 -

Competitive Comparison of Daiwa Securities Group's Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, Daiwa Securities Group'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.


Daiwa Securities Group's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Daiwa Securities Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Daiwa Securities Group 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.

Daiwa Securities Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.64/2.60
=2.55

* 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.

Daiwa Securities Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Daiwa Securities Group's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.849/110.7000*110.7000
=0.849

Current CPI (Dec. 2024) = 110.7000.

Daiwa Securities Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 0.759 97.900 0.858
201506 0.795 98.400 0.894
201509 0.652 98.500 0.733
201512 0.652 98.100 0.736
201603 0.682 97.900 0.771
201606 0.709 98.100 0.800
201609 0.728 98.000 0.822
201612 0.694 98.400 0.781
201703 0.770 98.100 0.869
201706 0.661 98.500 0.743
201709 0.776 98.800 0.869
201712 0.860 99.400 0.958
201803 0.863 99.200 0.963
201806 0.707 99.200 0.789
201809 0.694 99.900 0.769
201812 0.676 99.700 0.751
201903 0.712 99.700 0.791
201906 0.691 99.800 0.766
201909 0.629 100.100 0.696
201912 0.742 100.500 0.817
202003 0.776 100.300 0.856
202006 0.717 99.900 0.795
202009 0.734 99.900 0.813
202012 0.894 99.300 0.997
202103 0.896 99.900 0.993
202106 0.838 99.500 0.932
202109 0.848 100.100 0.938
202112 0.929 100.100 1.027
202203 0.810 101.100 0.887
202206 0.640 101.800 0.696
202209 0.666 103.100 0.715
202212 0.726 104.100 0.772
202303 0.991 104.400 1.051
202306 0.773 105.200 0.813
202309 0.810 106.200 0.844
202312 0.948 106.800 0.983
202403 1.124 107.200 1.161
202406 0.797 108.200 0.815
202409 1.003 108.900 1.020
202412 0.849 110.700 0.849

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.


Daiwa Securities Group  (OTCPK:DSEEY) 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.


Daiwa Securities Group Cyclically Adjusted PS Ratio Related Terms

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


Daiwa Securities Group Business Description

Traded in Other Exchanges
Address
GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6751
Daiwa Securities Group Inc is one of two large independent securities firms in Japan. Like Nomura, it competes with brokerage units of the megabanks and smaller independent firms in Japan, but unlike Nomura it does not have aspiration to compete globally with the U.S. and European investment banks and focuses on Japan-related business only. Daiwa moved its world-wide wholesale business to a joint venture with Sumitomo Bank in 1999, but the venture met only mixed success and Daiwa ultimately bought out Sumitomo Mitsui Financial Group's 40% interest in the venture in 2009 after SMFG opportunistically purchased Nikko Securities (now SMBC Nikko, a rival of Daiwa) from Citigroup.