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Ajinomoto Co (FRA:AJI) Cyclically Adjusted PS Ratio : 2.64 (As of May. 17, 2024)


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What is Ajinomoto Co Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Ajinomoto Co's current share price is €35.33. Ajinomoto Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €13.40. Ajinomoto Co's Cyclically Adjusted PS Ratio for today is 2.64.

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

FRA:AJI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.9   Med: 1.28   Max: 2.91
Current: 2.7

During the past years, Ajinomoto Co's highest Cyclically Adjusted PS Ratio was 2.91. The lowest was 0.90. And the median was 1.28.

FRA:AJI's Cyclically Adjusted PS Ratio is ranked worse than
83.09% of 1372 companies
in the Consumer Packaged Goods industry
Industry Median: 0.82 vs FRA:AJI: 2.70

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.

Ajinomoto Co's adjusted revenue per share data for the three months ended in Mar. 2024 was €4.430. 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 €13.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ajinomoto Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ajinomoto Co'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.

Ajinomoto Co Cyclically Adjusted PS Ratio Chart

Ajinomoto Co 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 1.08 1.21 1.82 2.23 2.55

Ajinomoto Co 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 2.23 2.71 2.68 2.48 2.55

Competitive Comparison of Ajinomoto Co's Cyclically Adjusted PS Ratio

For the Packaged Foods subindustry, Ajinomoto Co'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.


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

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

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



Ajinomoto Co 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.

Ajinomoto Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=35.33/13.4
=2.64

* 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.

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

For example, Ajinomoto Co'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)
=4.43/107.2000*107.2000
=4.430

Current CPI (Mar. 2024) = 107.2000.

Ajinomoto Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.771 98.000 3.031
201409 2.929 98.500 3.188
201412 3.030 97.900 3.318
201503 3.569 97.900 3.908
201506 3.552 98.400 3.870
201509 3.730 98.500 4.059
201512 3.992 98.100 4.362
201603 3.374 97.900 3.695
201606 3.844 98.100 4.201
201609 3.989 98.000 4.363
201612 4.152 98.400 4.523
201703 4.066 98.100 4.443
201706 3.647 98.500 3.969
201709 3.594 98.800 3.900
201712 4.001 99.400 4.315
201803 3.802 99.200 4.109
201806 3.736 99.200 4.037
201809 3.802 99.900 4.080
201812 4.288 99.700 4.611
201903 3.887 99.700 4.179
201906 3.941 99.800 4.233
201909 4.137 100.100 4.430
201912 4.366 100.500 4.657
202003 4.257 100.300 4.550
202006 3.731 99.900 4.004
202009 3.862 99.900 4.144
202012 4.094 99.300 4.420
202103 3.896 99.900 4.181
202106 3.798 99.500 4.092
202109 3.866 100.100 4.140
202112 4.370 100.100 4.680
202203 4.208 101.100 4.462
202206 4.234 101.800 4.459
202209 4.444 103.100 4.621
202212 4.796 104.100 4.939
202303 4.380 104.400 4.497
202306 4.215 105.200 4.295
202309 4.244 106.200 4.284
202312 4.654 106.800 4.671
202403 4.430 107.200 4.430

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.


Ajinomoto Co  (FRA:AJI) 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.


Ajinomoto Co Cyclically Adjusted PS Ratio Related Terms

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


Ajinomoto Co (FRA:AJI) Business Description

Traded in Other Exchanges
Address
15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, JPN, 104-8315
Ajinomoto is Japan's leading food company specializing in amino acids and seasonings derived from amino acid fermentation technologies. It also produces processed foods including dry soup mixes, frozen foods, and beverage products. Apart from the consumer business, it is a key supplier of MSG and nucleotides to global food manufacturers including Nestle. The food business represents nearly three fourths of group sales and 80%-plus of profits with nearly two thirds generated overseas. Healthcare and function materials (mainly Ajinomoto build-up film, or ABF), the key growth drivers through 2030, make up the balance of its business portfolio. The nonfood businesses are expected to contribute half of the group profits by 2030, boosted by ABF and CDMO growth.

Ajinomoto Co (FRA:AJI) Headlines

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