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Kirin Holdings Co (SSE:2503) Cyclically Adjusted PS Ratio : 0.86 (As of May. 29, 2024)


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What is Kirin Holdings Co Cyclically Adjusted PS Ratio?

As of today (2024-05-29), Kirin Holdings Co's current share price is 円2100.00. Kirin Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円2,428.10. Kirin Holdings Co's Cyclically Adjusted PS Ratio for today is 0.86.

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

SSE:2503' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.64   Med: 0.89   Max: 1.36
Current: 0.91

During the past years, Kirin Holdings Co's highest Cyclically Adjusted PS Ratio was 1.36. The lowest was 0.64. And the median was 0.89.

SSE:2503's Cyclically Adjusted PS Ratio is ranked better than
68.86% of 167 companies
in the Beverages - Alcoholic industry
Industry Median: 1.84 vs SSE:2503: 0.91

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.

Kirin Holdings Co's adjusted revenue per share data for the three months ended in Mar. 2024 was 円619.557. 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 円2,428.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kirin Holdings Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Kirin Holdings 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.

Kirin Holdings Co Cyclically Adjusted PS Ratio Chart

Kirin Holdings Co 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 1.04 1.08 0.81 0.85 0.85

Kirin Holdings 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 0.89 0.88 0.87 0.85 0.86

Competitive Comparison of Kirin Holdings Co's Cyclically Adjusted PS Ratio

For the Beverages - Brewers subindustry, Kirin Holdings 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.


Kirin Holdings Co's Cyclically Adjusted PS Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Kirin Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Kirin Holdings 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2100.00/2428.1
=0.86

* 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.

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

For example, Kirin Holdings 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)
=619.557/107.2000*107.2000
=619.557

Current CPI (Mar. 2024) = 107.2000.

Kirin Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 573.608 98.000 627.457
201409 604.344 98.500 657.723
201412 643.700 97.900 704.848
201503 564.683 97.900 618.325
201506 608.140 98.400 662.527
201509 614.067 98.500 668.304
201512 620.236 98.100 677.771
201603 530.264 97.900 580.636
201606 574.261 98.100 627.531
201609 586.009 98.000 641.022
201612 340.818 98.400 371.298
201703 454.175 98.100 496.305
201706 508.132 98.500 553.013
201709 522.852 98.800 567.305
201712 557.102 99.400 600.818
201803 472.496 99.200 510.601
201806 538.961 99.200 582.426
201809 568.577 99.900 610.125
201812 580.636 99.700 624.315
201903 494.684 99.700 531.897
201906 564.286 99.800 606.127
201909 578.554 100.100 619.590
201912 576.043 100.500 614.446
202003 495.622 100.300 529.718
202006 536.229 99.900 575.413
202009 584.183 99.900 626.871
202012 587.548 99.300 634.291
202103 490.998 99.900 526.877
202106 545.491 99.500 587.705
202109 554.855 100.100 594.210
202112 593.013 100.100 635.075
202203 499.943 101.100 530.108
202206 603.429 101.800 635.438
202209 663.256 103.100 689.632
202212 656.050 104.100 675.587
202303 556.080 104.400 570.994
202306 641.982 105.200 654.187
202309 713.243 106.200 719.959
202312 724.064 106.800 726.776
202403 619.557 107.200 619.557

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.


Kirin Holdings Co  (SSE:2503) 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.


Kirin Holdings Co Cyclically Adjusted PS Ratio Related Terms

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


Kirin Holdings Co (SSE:2503) Business Description

Address
Nakano Central Park South, 10-2, Nakano 4-chome, Nakano-ku, Tokyo, JPN, 164-0001
Kirin is the second largest brewer by value in Japan, with an estimated 35.7% volume share in beer and beer-like category as of 2022. It holds a top share in happoshu (low-malt beer) and new genre (no-malt beer) categories. Apart from beer, it also operates a wide range of acholic and soft beverage products in Japan. It made several acquisitions including Lion Nathan and National Foods in Oceania, the Brazilian brewer Schincariol, and Myanmar Brewery, but has divested most of the acquired businesses except Lion. It has shifted focus back to the domestic brewery after a painful exit from Brazil in 2017 and identified craft beer and wellness as new growth drivers. Overseas business represents about 40% of group's sales. It also owns a 48.6% stake in the largest Filipino brewer San Miguel.

Kirin Holdings Co (SSE:2503) Headlines

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