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Kurotani (TSE:3168) Cyclically Adjusted PS Ratio : 0.16 (As of Jun. 19, 2024)


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What is Kurotani Cyclically Adjusted PS Ratio?

As of today (2024-06-19), Kurotani's current share price is 円719.00. Kurotani's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was 円4,464.84. Kurotani's Cyclically Adjusted PS Ratio for today is 0.16.

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

TSE:3168' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.15   Max: 0.32
Current: 0.15

During the past years, Kurotani's highest Cyclically Adjusted PS Ratio was 0.32. The lowest was 0.13. And the median was 0.15.

TSE:3168's Cyclically Adjusted PS Ratio is ranked better than
93.14% of 583 companies
in the Metals & Mining industry
Industry Median: 1.2 vs TSE:3168: 0.15

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.

Kurotani's adjusted revenue per share data for the three months ended in Feb. 2024 was 円1,250.738. 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4,464.84 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kurotani Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Kurotani'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.

Kurotani Cyclically Adjusted PS Ratio Chart

Kurotani Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.14 0.23 0.15 0.14

Kurotani Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 0.14 0.14 0.14 0.13 0.13

Competitive Comparison of Kurotani's Cyclically Adjusted PS Ratio

For the Other Industrial Metals & Mining subindustry, Kurotani'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.


Kurotani's Cyclically Adjusted PS Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Kurotani's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Kurotani 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=719.00/4464.84
=0.16

* 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.

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

For example, Kurotani's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1250.738/106.9000*106.9000
=1,250.738

Current CPI (Feb. 2024) = 106.9000.

Kurotani Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 828.179 98.100 902.470
201408 928.757 98.300 1,010.011
201411 975.667 97.900 1,065.361
201502 944.197 97.600 1,034.167
201505 1,067.627 98.700 1,156.325
201508 923.240 98.400 1,002.991
201511 723.064 98.100 787.926
201602 774.548 97.800 846.617
201605 778.960 98.200 847.972
201608 719.558 97.900 785.707
201611 766.009 98.600 830.490
201702 1,004.882 98.100 1,095.024
201705 968.818 98.600 1,050.372
201708 947.867 98.500 1,028.700
201711 999.720 99.100 1,078.406
201802 955.499 99.500 1,026.561
201805 976.126 99.300 1,050.835
201808 1,029.830 99.800 1,103.094
201811 930.879 100.000 995.110
201902 879.439 99.700 942.949
201905 917.718 100.000 981.041
201908 837.559 100.000 895.351
201911 720.293 100.500 766.162
202002 738.101 100.300 786.670
202005 706.285 100.100 754.264
202008 853.933 100.100 911.942
202011 921.305 99.500 989.824
202102 980.811 99.800 1,050.588
202105 1,129.517 99.400 1,214.742
202108 1,342.026 99.700 1,438.943
202111 1,423.013 100.100 1,519.681
202202 1,413.818 100.700 1,500.865
202205 1,768.548 101.800 1,857.149
202208 1,662.423 102.700 1,730.409
202211 1,487.591 103.900 1,530.544
202302 1,436.293 104.000 1,476.343
202305 1,419.060 105.100 1,443.364
202308 1,635.231 105.900 1,650.672
202311 1,257.981 106.900 1,257.981
202402 1,250.738 106.900 1,250.738

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.


Kurotani  (TSE:3168) 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.


Kurotani Cyclically Adjusted PS Ratio Related Terms

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


Kurotani (TSE:3168) Business Description

Traded in Other Exchanges
N/A
Address
12-2 Nagonoe, Imizu, Toyama, JPN, 934-0031
Kurotani Corp is engaged in collecting, processing, manufacturing, and selling various metals in Japan. It recycles industrial materials and metal scraps, as well as produces base metals that are used as raw materials to manufacture electrical wires and semiconductor base plates. The company also manufactures and sells copper alloy ingots, which are used in marine propellers, plumbing hardware, valves, and industrial machinery parts; and produces and sells works of fine arts, miniature gold statues, and bronze Buddha statues.

Kurotani (TSE:3168) Headlines

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