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KOSE (FRA:49K) Cyclically Adjusted PS Ratio : 1.93 (As of Jun. 23, 2024)


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What is KOSE Cyclically Adjusted PS Ratio?

As of today (2024-06-23), KOSE's current share price is €62.50. KOSE's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €32.45. KOSE's Cyclically Adjusted PS Ratio for today is 1.93.

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

FRA:49K' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.41   Med: 3.25   Max: 6.94
Current: 2.04

During the past years, KOSE's highest Cyclically Adjusted PS Ratio was 6.94. The lowest was 1.41. And the median was 3.25.

FRA:49K's Cyclically Adjusted PS Ratio is ranked worse than
78.15% of 1387 companies
in the Consumer Packaged Goods industry
Industry Median: 0.8 vs FRA:49K: 2.04

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.

KOSE's adjusted revenue per share data for the three months ended in Mar. 2024 was €8.350. 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 €32.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


KOSE Cyclically Adjusted PS Ratio Historical Data

The historical data trend for KOSE'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.

KOSE Cyclically Adjusted PS Ratio Chart

KOSE Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.10 3.12 3.53 2.89 2.00

KOSE 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 3.11 2.69 2.08 2.00 1.49

Competitive Comparison of KOSE's Cyclically Adjusted PS Ratio

For the Household & Personal Products subindustry, KOSE'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.


KOSE's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, KOSE's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



KOSE 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=62.50/32.45
=1.93

* 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.

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

For example, KOSE'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)
=8.35/107.2000*107.2000
=8.350

Current CPI (Mar. 2024) = 107.2000.

KOSE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.602 98.000 6.128
201409 6.284 98.500 6.839
201412 6.596 97.900 7.223
201503 7.872 97.900 8.620
201506 7.132 98.400 7.770
201509 7.660 98.500 8.337
201512 8.341 98.100 9.115
201603 9.051 97.900 9.911
201606 9.244 98.100 10.101
201609 9.724 98.000 10.637
201612 9.533 98.400 10.386
201703 10.804 98.100 11.806
201706 9.944 98.500 10.822
201709 9.815 98.800 10.649
201712 10.355 99.400 11.168
201803 10.703 99.200 11.566
201806 10.972 99.200 11.857
201809 10.792 99.900 11.581
201812 11.933 99.700 12.831
201903 11.881 99.700 12.775
201906 11.732 99.800 12.602
201909 13.181 100.100 14.116
201912 11.317 100.500 12.071
202003 11.595 100.300 12.393
202006 8.691 99.900 9.326
202009 9.899 99.900 10.622
202012 10.251 99.300 11.067
202103 10.194 99.900 10.939
202106 7.766 99.500 8.367
202109 8.678 100.100 9.294
202112 13.907 100.100 14.893
202203 7.921 101.100 8.399
202206 8.861 101.800 9.331
202209 8.683 103.100 9.028
202212 10.823 104.100 11.145
202303 8.350 104.400 8.574
202306 8.711 105.200 8.877
202309 8.294 106.200 8.372
202312 9.091 106.800 9.125
202403 8.350 107.200 8.350

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.


KOSE  (FRA:49K) 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.


KOSE Cyclically Adjusted PS Ratio Related Terms

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


KOSE (FRA:49K) Business Description

Traded in Other Exchanges
Address
3-6-2, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8251
Kose is the third-largest cosmetics company in Japan and the second in the premium segment, and is renowned for its prestige skincare brands including Decorte and Albion. The firm has been managed by the Kobayashi family since it was established in 1946. Albion, a fully consolidated subsidiary in which Kose holds a 79.5% stake, is operated independently by another branch of the Kobayashi family. The group, with a collection 37 brands/lines spanning a wide range of price points, has captured 13.6% of Japan's premium beauty segment, according to Euromonitor. Japan remains the largest market contributing nearly 57% of sales, followed by Asia (28%) and North America (14%). Its distribution channels include department stores, specialty retailers, drugstores, travel retailers, and e-commerce.

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