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Kao (FRA:KAO) Cyclically Adjusted PS Ratio : 2.03 (As of May. 27, 2024)


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What is Kao Cyclically Adjusted PS Ratio?

As of today (2024-05-27), Kao's current share price is €39.94. Kao's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €19.65. Kao's Cyclically Adjusted PS Ratio for today is 2.03.

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

FRA:KAO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.59   Med: 2.57   Max: 3.42
Current: 2.12

During the past years, Kao's highest Cyclically Adjusted PS Ratio was 3.42. The lowest was 1.59. And the median was 2.57.

FRA:KAO's Cyclically Adjusted PS Ratio is ranked worse than
78.23% of 1378 companies
in the Consumer Packaged Goods industry
Industry Median: 0.81 vs FRA:KAO: 2.12

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.

Kao's adjusted revenue per share data for the three months ended in Mar. 2024 was €4.832. 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 €19.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kao Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Kao'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.

Kao Cyclically Adjusted PS Ratio Chart

Kao Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.19 2.80 2.06 1.69 1.79

Kao 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 1.65 1.65 1.73 1.79 1.73

Competitive Comparison of Kao's Cyclically Adjusted PS Ratio

For the Household & Personal Products subindustry, Kao'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.


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

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

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



Kao 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.94/19.65
=2.03

* 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.

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

For example, Kao'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)
=4.832/107.2000*107.2000
=4.832

Current CPI (Mar. 2024) = 107.2000.

Kao Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.564 98.000 4.992
201409 4.836 98.500 5.263
201412 5.342 97.900 5.849
201503 5.039 97.900 5.518
201506 5.265 98.400 5.736
201509 5.435 98.500 5.915
201512 6.163 98.100 6.735
201603 5.307 97.900 5.811
201606 6.131 98.100 6.700
201609 6.209 98.000 6.792
201612 6.662 98.400 7.258
201703 5.794 98.100 6.331
201706 6.054 98.500 6.589
201709 5.575 98.800 6.049
201712 6.209 99.400 6.696
201803 5.439 99.200 5.878
201806 5.999 99.200 6.483
201809 5.791 99.900 6.214
201812 6.602 99.700 7.099
201903 5.675 99.700 6.102
201906 6.327 99.800 6.796
201909 6.809 100.100 7.292
201912 6.739 100.500 7.188
202003 5.902 100.300 6.308
202006 5.653 99.900 6.066
202009 5.652 99.900 6.065
202012 6.203 99.300 6.696
202103 5.163 99.900 5.540
202106 5.634 99.500 6.070
202109 5.630 100.100 6.029
202112 6.526 100.100 6.989
202203 5.603 101.100 5.941
202206 5.783 101.800 6.090
202209 5.950 103.100 6.187
202212 6.373 104.100 6.563
202303 5.228 104.400 5.368
202306 5.488 105.200 5.592
202309 5.281 106.200 5.331
202312 5.572 106.800 5.593
202403 4.832 107.200 4.832

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.


Kao  (FRA:KAO) 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.


Kao Cyclically Adjusted PS Ratio Related Terms

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


Kao (FRA:KAO) Business Description

Traded in Other Exchanges
Address
14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, JPN, 103-8210
Kao is the largest household and personal care product manufacturer in Japan with a footprint across Asia, Europe, and the Americas. Japan remains its largest market, contributing about 60% of sales and an estimated 70% of profits with several leading brands including Attack and Biore. Initially a soap producer established in the 1890s, Kao has expanded into cosmetics, disposable hygiene products, and chemicals, in addition to its home care and toiletry products. Asia, the largest overseas market contributing 20% of group sales, is a key growth driver, led by expansion in China and Indonesia. It has also acquired several Western skin and haircare brands including Jergens, John Frieda, Curel, Molton Brown, and the latest, Oribe.

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