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Kuraray Co (TSE:3405) Cyclically Adjusted PS Ratio : 1.03 (As of May. 26, 2024)


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What is Kuraray Co Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Kuraray Co's current share price is 円1912.50. Kuraray Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円1,857.50. Kuraray Co's Cyclically Adjusted PS Ratio for today is 1.03.

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

TSE:3405' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.61   Med: 0.93   Max: 1.9
Current: 1.03

During the past years, Kuraray Co's highest Cyclically Adjusted PS Ratio was 1.90. The lowest was 0.61. And the median was 0.93.

TSE:3405's Cyclically Adjusted PS Ratio is ranked better than
56.61% of 1210 companies
in the Chemicals industry
Industry Median: 1.23 vs TSE:3405: 1.03

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.

Kuraray Co's adjusted revenue per share data for the three months ended in Mar. 2024 was 円573.686. 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1,857.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kuraray Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Kuraray 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.

Kuraray Co Cyclically Adjusted PS Ratio Chart

Kuraray Co 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 0.96 0.77 0.66 0.63 0.78

Kuraray Co 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 0.71 0.80 0.99 0.78 0.89

Competitive Comparison of Kuraray Co's Cyclically Adjusted PS Ratio

For the Chemicals subindustry, Kuraray 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.


Kuraray Co's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kuraray Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Kuraray 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1912.50/1857.5
=1.03

* 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.

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

For example, Kuraray 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)
=573.686/107.2000*107.2000
=573.686

Current CPI (Mar. 2024) = 107.2000.

Kuraray Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 299.779 98.000 327.922
201409 334.262 98.500 363.786
201412 537.680 97.900 588.757
201503 372.989 97.900 408.421
201506 374.032 98.400 407.482
201509 366.522 98.500 398.895
201512 368.770 98.100 402.978
201603 342.977 97.900 375.558
201606 350.505 98.100 383.019
201609 331.573 98.000 362.700
201612 353.045 98.400 384.618
201703 358.354 98.100 391.596
201706 354.378 98.500 385.678
201709 363.497 98.800 394.402
201712 394.060 99.400 424.982
201803 424.248 99.200 458.462
201806 434.634 99.200 469.685
201809 425.363 99.900 456.446
201812 438.169 99.700 471.131
201903 406.199 99.700 436.756
201906 420.050 99.800 451.196
201909 409.746 100.100 438.809
201912 427.346 100.500 455.836
202003 397.813 100.300 425.180
202006 363.596 99.900 390.165
202009 382.712 99.900 410.678
202012 430.719 99.300 464.986
202103 419.635 99.900 450.299
202106 458.587 99.500 494.076
202109 455.477 100.100 487.784
202112 494.325 100.100 529.387
202203 489.178 101.100 518.693
202206 565.447 101.800 595.441
202209 582.632 103.100 605.802
202212 606.706 104.100 624.773
202303 552.263 104.400 567.075
202306 585.217 105.200 596.343
202309 577.121 106.200 582.555
202312 616.655 106.800 618.965
202403 573.686 107.200 573.686

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.


Kuraray Co  (TSE:3405) 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.


Kuraray Co Cyclically Adjusted PS Ratio Related Terms

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


Kuraray Co (TSE:3405) Business Description

Industry
Traded in Other Exchanges
Address
Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, JPN, 100-8115
Kuraray Co Ltd manufactures and sells specialty chemicals, fiber, and resin. The firm organizes itself into six segments based on product type. The Vinyl Acetate segment, which generates the most revenue of any segment, sells plastic films and resins for use in the food packaging and electronics industries. The Isoprene segment sells isoprene chemicals, thermoplastic elastomers, and liquid rubber. The Functional Materials segment sells dental materials, while the Fibers and Textiles segment sells fibers for cement and concrete, industrial products for automobiles, and hook and loop fasteners for clothing. The other two segments are Trading, and Other. The majority of revenue comes from Asia.

Kuraray Co (TSE:3405) Headlines

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