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NTN (STU:NTN) Cyclically Adjusted PS Ratio : 0.21 (As of May. 24, 2024)


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What is NTN Cyclically Adjusted PS Ratio?

As of today (2024-05-24), NTN's current share price is €1.75. NTN's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €8.46. NTN's Cyclically Adjusted PS Ratio for today is 0.21.

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

STU:NTN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.25   Max: 0.52
Current: 0.21

During the past years, NTN's highest Cyclically Adjusted PS Ratio was 0.52. The lowest was 0.13. And the median was 0.25.

STU:NTN's Cyclically Adjusted PS Ratio is ranked better than
93.67% of 2196 companies
in the Industrial Products industry
Industry Median: 1.43 vs STU:NTN: 0.21

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.

NTN's adjusted revenue per share data for the three months ended in Mar. 2024 was €2.230. 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 €8.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


NTN Cyclically Adjusted PS Ratio Historical Data

The historical data trend for NTN'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.

NTN Cyclically Adjusted PS Ratio Chart

NTN 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 0.15 0.27 0.17 0.25 0.22

NTN 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 0.25 0.22 0.20 0.18 0.22

Competitive Comparison of NTN's Cyclically Adjusted PS Ratio

For the Tools & Accessories subindustry, NTN'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.


NTN's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, NTN's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



NTN 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.75/8.46
=0.21

* 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.

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

For example, NTN'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)
=2.23/107.2000*107.2000
=2.230

Current CPI (Mar. 2024) = 107.2000.

NTN Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.265 98.000 2.478
201409 2.298 98.500 2.501
201412 2.261 97.900 2.476
201503 2.724 97.900 2.983
201506 2.475 98.400 2.696
201509 2.482 98.500 2.701
201512 2.506 98.100 2.738
201603 2.687 97.900 2.942
201606 2.658 98.100 2.905
201609 2.627 98.000 2.874
201612 2.636 98.400 2.872
201703 2.884 98.100 3.152
201706 2.705 98.500 2.944
201709 2.551 98.800 2.768
201712 2.684 99.400 2.895
201803 2.821 99.200 3.049
201806 2.771 99.200 2.994
201809 2.605 99.900 2.795
201812 2.683 99.700 2.885
201903 2.720 99.700 2.925
201906 2.647 99.800 2.843
201909 2.591 100.100 2.775
201912 2.493 100.500 2.659
202003 2.481 100.300 2.652
202006 1.429 99.900 1.533
202009 2.230 99.900 2.393
202012 2.390 99.300 2.580
202103 2.376 99.900 2.550
202106 2.223 99.500 2.395
202109 2.167 100.100 2.321
202112 2.376 100.100 2.545
202203 2.508 101.100 2.659
202206 2.296 101.800 2.418
202209 2.644 103.100 2.749
202212 2.599 104.100 2.676
202303 2.692 104.400 2.764
202306 2.469 105.200 2.516
202309 2.493 106.200 2.516
202312 2.528 106.800 2.537
202403 2.230 107.200 2.230

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.


NTN  (STU:NTN) 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.


NTN Cyclically Adjusted PS Ratio Related Terms

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


NTN (STU:NTN) Business Description

Industry
Traded in Other Exchanges
Address
3-17, 1-chome, Kyomachibori, Nishi-ku, Osaka, JPN, 550-0003
NTN Corp is a Japan-based company that manufactures and sells bearings, constant velocity joints, precision equipment, aftermarket parts, and other mechanical parts. The company's products are used in a wide range of applications, including automobile, electric vehicle, rolling stock, wind turbine, construction and mining machinery, agricultural machinery, machine tools, office equipment, steel manufacturing machinery, paper manufacturing machinery, food machinery, medical equipment, aerospace, and robots. The company has a global presence, with Japan, the Americas, and Europe the three largest markets for the company.