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Hogy Medical Co (TSE:3593) Cyclically Adjusted PS Ratio : 2.96 (As of Jun. 08, 2024)


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What is Hogy Medical Co Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Hogy Medical Co's current share price is 円4030.00. Hogy Medical Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円1,363.19. Hogy Medical Co's Cyclically Adjusted PS Ratio for today is 2.96.

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

TSE:3593' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.34   Med: 2.83   Max: 4.6
Current: 2.9

During the past years, Hogy Medical Co's highest Cyclically Adjusted PS Ratio was 4.60. The lowest was 2.34. And the median was 2.83.

TSE:3593's Cyclically Adjusted PS Ratio is ranked worse than
58.28% of 477 companies
in the Medical Devices & Instruments industry
Industry Median: 2.17 vs TSE:3593: 2.90

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.

Hogy Medical Co's adjusted revenue per share data for the three months ended in Mar. 2024 was 円385.021. 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1,363.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hogy Medical Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hogy Medical 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.

Hogy Medical Co Cyclically Adjusted PS Ratio Chart

Hogy Medical Co 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 2.91 2.89 2.69 2.46 2.75

Hogy Medical 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 2.46 2.42 2.40 2.68 2.75

Competitive Comparison of Hogy Medical Co's Cyclically Adjusted PS Ratio

For the Medical Instruments & Supplies subindustry, Hogy Medical 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.


Hogy Medical Co's Cyclically Adjusted PS Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Hogy Medical Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Hogy Medical 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4030.00/1363.19
=2.96

* 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.

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

For example, Hogy Medical 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)
=385.021/107.2000*107.2000
=385.021

Current CPI (Mar. 2024) = 107.2000.

Hogy Medical Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 266.959 98.000 292.020
201409 280.978 98.500 305.795
201412 295.473 97.900 323.541
201503 276.591 97.900 302.866
201506 274.629 98.400 299.189
201509 286.509 98.500 311.815
201512 298.906 98.100 326.633
201603 302.403 97.900 331.130
201606 287.853 98.100 314.555
201609 294.202 98.000 321.821
201612 301.418 98.400 328.374
201703 289.643 98.100 316.511
201706 292.582 98.500 318.424
201709 295.998 98.800 321.164
201712 309.704 99.400 334.007
201803 280.644 99.200 303.277
201806 291.028 99.200 314.498
201809 301.989 99.900 324.056
201812 321.074 99.700 345.227
201903 287.990 99.700 309.654
201906 299.351 99.800 321.547
201909 309.328 100.100 331.268
201912 320.434 100.500 341.796
202003 303.488 100.300 324.366
202006 277.140 99.900 297.391
202009 309.529 99.900 332.147
202012 329.431 99.300 355.640
202103 291.357 99.900 312.647
202106 299.203 99.500 322.357
202109 309.413 100.100 331.359
202112 342.958 100.100 367.284
202203 338.198 101.100 358.604
202206 389.455 101.800 410.114
202209 402.111 103.100 418.102
202212 426.021 104.100 438.708
202303 389.413 104.400 399.857
202306 399.019 105.200 406.605
202309 406.189 106.200 410.014
202312 420.944 106.800 422.521
202403 385.021 107.200 385.021

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.


Hogy Medical Co  (TSE:3593) 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.


Hogy Medical Co Cyclically Adjusted PS Ratio Related Terms

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


Hogy Medical Co (TSE:3593) Business Description

Traded in Other Exchanges
Address
7-7, Akasaka 2-chome, Minato-ku, Tokyo, JPN, 107-8615
Hogy Medical Co Ltd develops and sells products that can be used to streamline operations and improve safety at healthcare facilities. Its products are used in hospitals' operating rooms, wards, material rooms, and administrative settings. Hogy Medical receives the majority of its revenue from sales of surgical-use products. Its key products include kit products, nonwoven products, and sterilization products. The kit products contain sterilized surgical supplies for use in a specific operation. The nonwoven products include gowns, caps, equipment covers, and other accessories. Hogy's primary sterilization product is the Mekkin bag, a sterilization pouch. The vast majority of Hogy's revenue is generated in Japan.

Hogy Medical Co (TSE:3593) Headlines

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