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CALBEE (TSE:2229) Cyclically Adjusted PS Ratio : 1.68 (As of May. 05, 2024)


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What is CALBEE Cyclically Adjusted PS Ratio?

As of today (2024-05-05), CALBEE's current share price is 円3456.00. CALBEE's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円2,055.34. CALBEE's Cyclically Adjusted PS Ratio for today is 1.68.

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

TSE:2229' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.27   Med: 1.51   Max: 2.02
Current: 1.66

During the past years, CALBEE's highest Cyclically Adjusted PS Ratio was 2.02. The lowest was 1.27. And the median was 1.51.

TSE:2229's Cyclically Adjusted PS Ratio is ranked worse than
72.17% of 1369 companies
in the Consumer Packaged Goods industry
Industry Median: 0.8 vs TSE:2229: 1.66

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.

CALBEE's adjusted revenue per share data for the three months ended in Dec. 2023 was 円642.766. 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2,055.34 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CALBEE Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CALBEE'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.

CALBEE Cyclically Adjusted PS Ratio Chart

CALBEE Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.61 1.29 1.42

CALBEE Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.55 1.42 1.37 1.40 1.38

Competitive Comparison of CALBEE's Cyclically Adjusted PS Ratio

For the Packaged Foods subindustry, CALBEE'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.


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

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

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



CALBEE 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3456.00/2055.34
=1.68

* 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.

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

For example, CALBEE'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)
=642.766/106.8000*106.8000
=642.766

Current CPI (Dec. 2023) = 106.8000.

CALBEE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 381.347 95.700 425.578
201406 390.703 98.000 425.787
201409 404.928 98.500 439.049
201412 437.736 97.900 477.530
201503 430.150 97.900 469.255
201506 447.616 98.400 485.827
201509 458.004 98.500 496.597
201512 481.035 98.100 523.696
201603 456.204 97.900 497.677
201606 461.720 98.100 502.668
201609 463.294 98.000 504.896
201612 488.632 98.400 530.344
201703 474.484 98.100 516.564
201706 422.594 98.500 458.203
201709 465.563 98.800 503.260
201712 507.413 99.400 545.188
201803 485.735 99.200 522.949
201806 458.107 99.200 493.204
201809 447.633 99.900 478.551
201812 493.276 99.700 528.404
201903 461.059 99.700 493.893
201906 463.063 99.800 495.542
201909 473.805 100.100 505.518
201912 500.153 100.500 531.506
202003 477.531 100.300 508.478
202006 481.653 99.900 514.920
202009 497.939 99.900 532.331
202012 525.573 99.300 565.269
202103 490.433 99.900 524.307
202106 448.186 99.500 481.068
202109 452.977 100.100 483.296
202112 489.680 100.100 522.456
202203 461.459 101.100 487.476
202206 505.905 101.800 530.753
202209 525.737 103.100 544.604
202212 585.609 104.100 600.798
202303 560.777 104.400 573.668
202306 585.590 105.200 594.496
202309 591.675 106.200 595.018
202312 642.766 106.800 642.766

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.


CALBEE  (TSE:2229) 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.


CALBEE Cyclically Adjusted PS Ratio Related Terms

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


CALBEE (TSE:2229) Business Description

Traded in Other Exchanges
Address
1-8-3 Marunouchi, Chiyoda-ku, 22nd Floor, Marunouchi Trust Tower Main, Tokyo, JPN, 100-0005
Calbee, listed in 2011, is a leader in Japan's snack food industry with nearly 54% of the domestic market. Potato snacks, including chips and the company's original Jagarico and Jagabee potato strips, are a core strength, demonstrated by a dominant 71% share in potato chips. Growth in the Frugra brand, the best-selling cereal product with a 38% share in the domestic cereal market, is the latest growth driver in China. The overseas business, constituting 16% of group sales, has been undergoing restructuring since the partnership with Tingyi and PepsiCo unwound. Apart from China and the U.S., Indonesia and the U.K. are emerging as new growth drivers. Easing competition should end losses in Indonesia while the integration of Calbee U.K. and Seabrook will enhance cost efficiencies.

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