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Mitsubishi Estate Co (STU:MES) Cyclically Adjusted PS Ratio : 2.42 (As of Sep. 21, 2024)


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What is Mitsubishi Estate Co Cyclically Adjusted PS Ratio?

As of today (2024-09-21), Mitsubishi Estate Co's current share price is €14.20. Mitsubishi Estate Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €5.87. Mitsubishi Estate Co's Cyclically Adjusted PS Ratio for today is 2.42.

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

STU:MES' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.65   Med: 2.35   Max: 3.56
Current: 2.34

During the past years, Mitsubishi Estate Co's highest Cyclically Adjusted PS Ratio was 3.56. The lowest was 1.65. And the median was 2.35.

STU:MES's Cyclically Adjusted PS Ratio is ranked worse than
57.48% of 1357 companies
in the Real Estate industry
Industry Median: 1.76 vs STU:MES: 2.34

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.

Mitsubishi Estate Co's adjusted revenue per share data for the three months ended in Mar. 2024 was €2.802. 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 €5.87 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsubishi Estate Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Mitsubishi Estate 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.

Mitsubishi Estate Co Cyclically Adjusted PS Ratio Chart

Mitsubishi Estate 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 1.95 2.33 2.10 1.71 2.83

Mitsubishi Estate Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.83 2.06 2.02 2.83 -

Competitive Comparison of Mitsubishi Estate Co's Cyclically Adjusted PS Ratio

For the Real Estate - Diversified subindustry, Mitsubishi Estate 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.


Mitsubishi Estate Co's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mitsubishi Estate Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Mitsubishi Estate 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.20/5.87
=2.42

* 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.

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

For example, Mitsubishi Estate 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)
=2.802/107.2000*107.2000
=2.802

Current CPI (Mar. 2024) = 107.2000.

Mitsubishi Estate Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.061 98.000 1.161
201409 1.220 98.500 1.328
201412 1.418 97.900 1.553
201503 2.114 97.900 2.315
201506 1.162 98.400 1.266
201509 1.395 98.500 1.518
201512 1.234 98.100 1.348
201603 1.705 97.900 1.867
201606 1.474 98.100 1.611
201609 1.701 98.000 1.861
201612 1.839 98.400 2.003
201703 1.797 98.100 1.964
201706 1.354 98.500 1.474
201709 1.372 98.800 1.489
201712 1.642 99.400 1.771
201803 2.223 99.200 2.402
201806 1.528 99.200 1.651
201809 1.677 99.900 1.800
201812 1.676 99.700 1.802
201903 2.231 99.700 2.399
201906 1.571 99.800 1.687
201909 1.655 100.100 1.772
201912 1.771 100.500 1.889
202003 2.966 100.300 3.170
202006 1.588 99.900 1.704
202009 1.621 99.900 1.739
202012 1.482 99.300 1.600
202103 2.480 99.900 2.661
202106 1.731 99.500 1.865
202109 1.569 100.100 1.680
202112 1.902 100.100 2.037
202203 2.570 101.100 2.725
202206 1.630 101.800 1.716
202209 1.541 103.100 1.602
202212 1.654 104.100 1.703
202303 2.527 104.400 2.595
202306 1.480 105.200 1.508
202309 1.463 106.200 1.477
202312 1.699 106.800 1.705
202403 2.802 107.200 2.802

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.


Mitsubishi Estate Co  (STU:MES) 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.


Mitsubishi Estate Co Cyclically Adjusted PS Ratio Related Terms

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


Mitsubishi Estate Co Business Description

Traded in Other Exchanges
Address
Otemachi 1-chome, Otemachi Park Building, 1-1, Chiyoda-ku, Tokyo, JPN, 100-8133
Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.

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