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Citizen Watch Co (FRA:CTZ) Cyclically Adjusted PS Ratio : 0.90 (As of Jun. 20, 2024)


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What is Citizen Watch Co Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Citizen Watch Co's current share price is €6.00. Citizen Watch Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €6.65. Citizen Watch Co's Cyclically Adjusted PS Ratio for today is 0.90.

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

FRA:CTZ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.62   Max: 1.04
Current: 0.98

During the past years, Citizen Watch Co's highest Cyclically Adjusted PS Ratio was 1.04. The lowest was 0.28. And the median was 0.62.

FRA:CTZ's Cyclically Adjusted PS Ratio is ranked worse than
60.69% of 875 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.66 vs FRA:CTZ: 0.98

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.

Citizen Watch Co's adjusted revenue per share data for the three months ended in Dec. 2023 was €2.246. 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 €6.65 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Citizen Watch Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Citizen Watch 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.

Citizen Watch Co Cyclically Adjusted PS Ratio Chart

Citizen Watch 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 0.39 0.40 0.54 0.77 -

Citizen Watch 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 0.77 0.85 0.89 0.80 -

Competitive Comparison of Citizen Watch Co's Cyclically Adjusted PS Ratio

For the Footwear & Accessories subindustry, Citizen Watch 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.


Citizen Watch Co's Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Citizen Watch Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Citizen Watch 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.00/6.65
=0.90

* 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.

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

For example, Citizen Watch Co'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)
=2.246/106.8000*106.8000
=2.246

Current CPI (Dec. 2023) = 106.8000.

Citizen Watch Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.667 95.700 1.860
201406 1.690 98.000 1.842
201409 1.785 98.500 1.935
201412 1.902 97.900 2.075
201503 1.938 97.900 2.114
201506 1.866 98.400 2.025
201509 2.079 98.500 2.254
201512 2.207 98.100 2.403
201603 1.986 97.900 2.167
201606 2.035 98.100 2.215
201609 2.150 98.000 2.343
201612 2.145 98.400 2.328
201703 1.930 98.100 2.101
201706 1.832 98.500 1.986
201709 1.921 98.800 2.077
201712 2.136 99.400 2.295
201803 1.821 99.200 1.961
201806 1.821 99.200 1.961
201809 1.919 99.900 2.052
201812 2.298 99.700 2.462
201903 1.848 99.700 1.980
201906 1.803 99.800 1.929
201909 2.007 100.100 2.141
201912 2.122 100.500 2.255
202003 1.441 100.300 1.534
202006 0.973 99.900 1.040
202009 1.341 99.900 1.434
202012 1.574 99.300 1.693
202103 1.372 99.900 1.467
202106 1.586 99.500 1.702
202109 1.725 100.100 1.840
202112 1.991 100.100 2.124
202203 1.660 101.100 1.754
202206 1.715 101.800 1.799
202209 1.840 103.100 1.906
202212 1.974 104.100 2.025
202303 1.763 104.400 1.804
202306 1.901 105.200 1.930
202309 2.085 106.200 2.097
202312 2.246 106.800 2.246

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.


Citizen Watch Co  (FRA:CTZ) 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.


Citizen Watch Co Cyclically Adjusted PS Ratio Related Terms

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


Citizen Watch Co (FRA:CTZ) Business Description

Traded in Other Exchanges
Address
6-1-12, Tanashi-cho, Nishi Tokyo-shi, Tokyo, JPN, 188-8511
Citizen Watch Co Ltd primarily manufactures watches, machine tools, devices, and electronic products that it sells worldwide. Its watches and clocks segment contributes more than half of the company's revenue and includes brands such as Citizen, Bulova, xC, Q&Q, and Attesa. Machine Tools, which consists mostly of automatic lathes, and Devices, which consists largely of auto parts, switches, Chip LEDs, micro LCDs, and quartz crystals, each comprise roughly 15%-20% of total revenue. Electronic Products, which includes printers, health care equipment, and calculators, and Other Products collectively account for the remaining revenue. Japan and Asia (excluding Japan) each account for roughly a third of the company's total sales. Most of the remaining sales are from America and Europe.

Citizen Watch Co (FRA:CTZ) Headlines

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