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Japan Tobacco (TSE:2914) Cyclically Adjusted PS Ratio : 3.01 (As of May. 01, 2024)


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What is Japan Tobacco Cyclically Adjusted PS Ratio?

As of today (2024-05-01), Japan Tobacco's current share price is 円4264.00. Japan Tobacco's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円1,415.07. Japan Tobacco's Cyclically Adjusted PS Ratio for today is 3.01.

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

TSE:2914' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.45   Med: 1.82   Max: 2.95
Current: 2.95

During the past years, Japan Tobacco's highest Cyclically Adjusted PS Ratio was 2.95. The lowest was 1.45. And the median was 1.82.

TSE:2914's Cyclically Adjusted PS Ratio is ranked worse than
71.43% of 35 companies
in the Tobacco Products industry
Industry Median: 1.79 vs TSE:2914: 2.95

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.

Japan Tobacco's adjusted revenue per share data for the three months ended in Dec. 2023 was 円385.242. 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1,415.07 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Tobacco Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Japan Tobacco'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.

Japan Tobacco Cyclically Adjusted PS Ratio Chart

Japan Tobacco Annual Data
Trend Mar14 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 1.85 1.70 1.82 1.96 2.58

Japan Tobacco 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 1.96 2.04 2.27 2.45 2.58

Competitive Comparison of Japan Tobacco's Cyclically Adjusted PS Ratio

For the Tobacco subindustry, Japan Tobacco'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.


Japan Tobacco's Cyclically Adjusted PS Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Japan Tobacco 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.

Japan Tobacco's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4264.00/1415.07
=3.01

* 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.

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

For example, Japan Tobacco'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)
=385.242/106.8000*106.8000
=385.242

Current CPI (Dec. 2023) = 106.8000.

Japan Tobacco Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 340.906 95.700 380.447
201406 305.983 98.000 333.459
201409 339.831 98.500 368.467
201412 538.612 97.900 587.577
201503 306.527 97.900 334.393
201506 344.262 98.400 373.650
201509 331.088 98.500 358.987
201512 314.993 98.100 342.928
201603 298.066 97.900 325.163
201606 302.923 98.100 329.788
201609 302.280 98.000 329.424
201612 292.836 98.400 317.834
201703 287.427 98.100 312.917
201706 300.900 98.500 326.255
201709 305.556 98.800 330.297
201712 305.089 99.400 327.802
201803 287.404 99.200 309.423
201806 312.610 99.200 336.560
201809 335.086 99.900 358.230
201812 301.374 99.700 322.836
201903 282.876 99.700 303.021
201906 311.715 99.800 333.579
201909 324.104 100.100 345.797
201912 305.324 100.500 324.464
202003 292.780 100.300 311.754
202006 287.682 99.900 307.552
202009 316.549 99.900 338.413
202012 281.948 99.300 303.243
202103 308.372 99.900 329.671
202106 336.414 99.500 361.096
202109 350.111 100.100 373.545
202112 314.750 100.100 335.817
202203 327.561 101.100 346.029
202206 386.023 101.800 404.983
202209 417.761 103.100 432.753
202212 365.698 104.100 375.183
202303 374.706 104.400 383.320
202306 409.771 105.200 416.003
202309 430.384 106.200 432.816
202312 385.242 106.800 385.242

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.


Japan Tobacco  (TSE:2914) 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.


Japan Tobacco Cyclically Adjusted PS Ratio Related Terms

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


Japan Tobacco (TSE:2914) Business Description

Traded in Other Exchanges
Address
2-1, Toranomon 2-chome, Minato-ku, Tokyo, JPN, 105-8422
Japan Tobacco is the third-largest tobacco company globally. It owns a rich brand portfolio including Winston (non-U.S.), Camel (non-U.S.), and Mevius, and holds leading shares in many core markets including Japan, Russia, and the U.K. It has added Logic as a vaping brand and Ploom heated tobacco lines into its reduced-risk-product portfolio. The tobacco business contributes 90% of group sales and nearly all profits, with more than half generated by the overseas tobacco operations. JTI was created through the acquisition of R.J. Reynolds' non-U.S. operations in 1999 and further expanded through multiple acquisitions, of which the purchase of Gallaher in 2007 was the most notable, doubling JTI's sales. Pharmaceutical and processed food operations are the other businesses.

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