GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Okasan Securities Group Inc (GREY:OKSCF) » Definitions » Cyclically Adjusted PS Ratio

Okasan Securities Group (Okasan Securities Group) Cyclically Adjusted PS Ratio : (As of Jun. 04, 2024)


View and export this data going back to 2013. Start your Free Trial

What is Okasan Securities Group Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Okasan Securities Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Okasan 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.

Okasan Securities Group Cyclically Adjusted PS Ratio Chart

Okasan Securities Group 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 0.85 1.12 0.88 1.12 -

Okasan Securities Group 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 1.12 1.14 1.66 1.64 -

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

For the Capital Markets subindustry, Okasan 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.


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

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

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



Okasan 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.

Okasan Securities Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Okasan Securities Group'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)
=0.672/106.8000*106.8000
=0.672

Current CPI (Dec. 2023) = 106.8000.

Okasan Securities Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.019 95.700 1.137
201406 1.061 98.000 1.156
201409 1.140 98.500 1.236
201412 1.058 97.900 1.154
201503 0.962 97.900 1.049
201506 0.992 98.400 1.077
201509 0.847 98.500 0.918
201512 0.815 98.100 0.887
201603 0.902 97.900 0.984
201606 0.925 98.100 1.007
201609 0.959 98.000 1.045
201612 0.928 98.400 1.007
201703 0.936 98.100 1.019
201706 0.880 98.500 0.954
201709 1.047 98.800 1.132
201712 0.991 99.400 1.065
201803 0.957 99.200 1.030
201806 0.826 99.200 0.889
201809 0.822 99.900 0.879
201812 0.694 99.700 0.743
201903 0.733 99.700 0.785
201906 0.732 99.800 0.783
201909 0.721 100.100 0.769
201912 0.866 100.500 0.920
202003 0.783 100.300 0.834
202006 0.707 99.900 0.756
202009 0.793 99.900 0.848
202012 0.799 99.300 0.859
202103 0.875 99.900 0.935
202106 0.786 99.500 0.844
202109 0.924 100.100 0.986
202112 0.863 100.100 0.921
202203 1.142 101.100 1.206
202206 0.584 101.800 0.613
202209 0.643 103.100 0.666
202212 0.604 104.100 0.620
202303 0.620 104.400 0.634
202306 0.797 105.200 0.809
202309 0.685 106.200 0.689
202312 0.672 106.800 0.672

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.


Okasan Securities Group  (GREY:OKSCF) 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.


Okasan Securities Group Cyclically Adjusted PS Ratio Related Terms

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


Okasan Securities Group (Okasan Securities Group) Business Description

Traded in Other Exchanges
Address
1-17-6, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8268
Okasan Securities Group is a Japan-based holding company that conducts businesses through a network of domestic and overseas subsidiaries. The company has three business segments. The securities business, which accounts for the majority of sales, is involved in trading, brokerage, underwriting, and distribution of securities, public offering, secondary distribution of securities, and private offering of securities. The asset-management business is involved in investment management and investment advisory. The support business is engaged in information processing services, administrative support services, custodianship, and temping services. The company generates the majority of revenue from Japan.

Okasan Securities Group (Okasan Securities Group) Headlines

No Headlines