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Avant Group (TSE:3836) Cyclically Adjusted PS Ratio : 3.27 (As of Jun. 15, 2024)


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What is Avant Group Cyclically Adjusted PS Ratio?

As of today (2024-06-15), Avant Group's current share price is 円1349.00. Avant Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円412.86. Avant Group's Cyclically Adjusted PS Ratio for today is 3.27.

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

TSE:3836' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.63   Med: 3.74   Max: 6.69
Current: 3.27

During the past years, Avant Group's highest Cyclically Adjusted PS Ratio was 6.69. The lowest was 0.63. And the median was 3.74.

TSE:3836's Cyclically Adjusted PS Ratio is ranked worse than
66.6% of 1458 companies
in the Software industry
Industry Median: 1.82 vs TSE:3836: 3.27

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.

Avant Group's adjusted revenue per share data for the three months ended in Mar. 2024 was 円163.494. 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412.86 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Avant Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Avant Group'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.

Avant Group Cyclically Adjusted PS Ratio Chart

Avant Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.41 4.17 5.85 4.12 3.75

Avant Group 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 3.91 3.75 3.34 3.54 3.12

Competitive Comparison of Avant Group's Cyclically Adjusted PS Ratio

For the Software - Application subindustry, Avant Group'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.


Avant Group's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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



Avant Group 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.

Avant Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1349.00/412.86
=3.27

* 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.

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

For example, Avant Group'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)
=163.494/107.2000*107.2000
=163.494

Current CPI (Mar. 2024) = 107.2000.

Avant Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 55.069 98.000 60.239
201409 51.776 98.500 56.349
201412 59.932 97.900 65.625
201503 59.581 97.900 65.241
201506 66.494 98.400 72.441
201509 57.931 98.500 63.048
201512 63.640 98.100 69.543
201603 64.458 97.900 70.581
201606 69.973 98.100 76.464
201609 30.264 98.000 33.105
201612 71.521 98.400 77.917
201703 73.409 98.100 80.219
201706 75.033 98.500 81.660
201709 67.765 98.800 73.526
201712 83.744 99.400 90.315
201803 82.428 99.200 89.075
201806 88.597 99.200 95.742
201809 84.699 99.900 90.888
201812 99.901 99.700 107.416
201903 96.678 99.700 103.951
201906 93.506 99.800 100.439
201909 98.885 100.100 105.899
201912 106.953 100.500 114.083
202003 107.763 100.300 115.176
202006 103.949 99.900 111.545
202009 95.836 99.900 102.839
202012 107.342 99.300 115.882
202103 113.608 99.900 121.910
202106 115.066 99.500 123.971
202109 107.646 100.100 115.281
202112 125.026 100.100 133.894
202203 133.836 101.100 141.911
202206 130.684 101.800 137.616
202209 133.588 103.100 138.900
202212 146.031 104.100 150.380
202303 150.483 104.400 154.519
202306 139.121 105.200 141.766
202309 150.379 106.200 151.795
202312 163.352 106.800 163.964
202403 163.494 107.200 163.494

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.


Avant Group  (TSE:3836) 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.


Avant Group Cyclically Adjusted PS Ratio Related Terms

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


Avant Group (TSE:3836) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2-15-2 Konan, 13th Floor, Shinagawa Intercity Building B, Minato-ku, Tokyo, JPN, 108-6113
Avant Group Corp formerly, AVANT Corp is a holding company. The company through its subsidiaries is engaged in business solution package development, license sales, consulting service, support service, BI outsourcing business, BI and DWH consulting business, and BI and DWH equipment sales.

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