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Flight Solutions (TSE:3753) Cyclically Adjusted PS Ratio : 0.88 (As of Jun. 12, 2024)


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What is Flight Solutions Cyclically Adjusted PS Ratio?

As of today (2024-06-12), Flight Solutions's current share price is 円269.00. Flight Solutions's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円305.54. Flight Solutions's Cyclically Adjusted PS Ratio for today is 0.88.

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

TSE:3753' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.88   Med: 1.81   Max: 3.37
Current: 0.89

During the past years, Flight Solutions's highest Cyclically Adjusted PS Ratio was 3.37. The lowest was 0.88. And the median was 1.81.

TSE:3753's Cyclically Adjusted PS Ratio is ranked better than
69.89% of 1458 companies
in the Software industry
Industry Median: 1.815 vs TSE:3753: 0.89

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.

Flight Solutions's adjusted revenue per share data for the three months ended in Dec. 2023 was 円83.800. 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305.54 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Flight Solutions Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Flight Solutions'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.

Flight Solutions Cyclically Adjusted PS Ratio Chart

Flight Solutions 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 1.64 2.22 2.39 1.54 1.52

Flight Solutions 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 1.77 1.52 1.40 1.28 1.14

Competitive Comparison of Flight Solutions's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, Flight Solutions'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.


Flight Solutions's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Flight Solutions's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Flight Solutions 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.

Flight Solutions's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=269.00/305.54
=0.88

* 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.

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

For example, Flight Solutions'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)
=83.8/106.8000*106.8000
=83.800

Current CPI (Dec. 2023) = 106.8000.

Flight Solutions Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 33.853 95.700 37.780
201406 38.042 98.000 41.458
201409 31.686 98.500 34.356
201412 25.140 97.900 27.425
201503 73.541 97.900 80.227
201506 19.369 98.400 21.022
201509 27.609 98.500 29.935
201512 18.373 98.100 20.002
201603 141.461 97.900 154.321
201606 21.418 98.100 23.317
201609 88.310 98.000 96.240
201612 114.756 98.400 124.552
201703 109.047 98.100 118.718
201706 64.031 98.500 69.427
201709 47.226 98.800 51.050
201712 31.268 99.400 33.596
201803 80.099 99.200 86.236
201806 28.604 99.200 30.795
201809 35.846 99.900 38.322
201812 31.238 99.700 33.463
201903 54.714 99.700 58.610
201906 34.035 99.800 36.422
201909 87.958 100.100 93.845
201912 278.999 100.500 296.488
202003 76.751 100.300 81.725
202006 95.007 99.900 101.569
202009 48.632 99.900 51.991
202012 43.656 99.300 46.953
202103 172.821 99.900 184.758
202106 112.866 99.500 121.147
202109 54.678 100.100 58.338
202112 46.762 100.100 49.892
202203 129.386 101.100 136.681
202206 70.121 101.800 73.565
202209 66.909 103.100 69.310
202212 70.714 104.100 72.548
202303 110.551 104.400 113.092
202306 66.988 105.200 68.007
202309 103.858 106.200 104.445
202312 83.800 106.800 83.800

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.


Flight Solutions  (TSE:3753) 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.


Flight Solutions Cyclically Adjusted PS Ratio Related Terms

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


Flight Solutions (TSE:3753) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4-6-1 Ebisu, Ebisu MF Building, 3rd Floor, Shibuya-ku, Tokyo, JPN, 150-0013
Flight Solutions Inc is engaged in the business of system consulting, application development, system maintenance, and electronic payment solution. The solution offered by the company include cloud integration, robot solution, and EC solution.

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