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PATH (TSE:3840) Cyclically Adjusted PS Ratio : (As of Jul. 03, 2025)


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What is PATH Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PATH Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PATH'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.

PATH Cyclically Adjusted PS Ratio Chart

PATH Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 0.64 0.56 1.56 -

PATH Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Mar25
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 1.53 1.50 1.56 - -

Competitive Comparison of PATH's Cyclically Adjusted PS Ratio

For the Specialty Business Services subindustry, PATH'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.


PATH's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, PATH's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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PATH 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.

PATH's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, PATH's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0/111.1000*111.1000
=0.000

Current CPI (Mar. 2025) = 111.1000.

PATH Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 14.023 97.900 15.914
201503 20.573 97.900 23.347
201506 18.192 98.400 20.540
201509 11.805 98.500 13.315
201512 58.085 98.100 65.782
201603 48.061 97.900 54.541
201606 47.472 98.100 53.763
201609 49.298 98.000 55.888
201612 42.168 98.400 47.610
201703 45.822 98.100 51.894
201706 42.389 98.500 47.811
201709 41.297 98.800 46.438
201712 42.308 99.400 47.288
201803 31.016 99.200 34.737
201806 27.355 99.200 30.636
201809 35.850 99.900 39.869
201812 33.511 99.700 37.343
201903 33.545 99.700 37.381
201906 21.992 99.800 24.482
201909 26.362 100.100 29.259
201912 21.098 100.500 23.323
202003 18.507 100.300 20.500
202006 16.724 99.900 18.599
202009 21.201 99.900 23.578
202012 20.192 99.300 22.591
202103 16.530 99.900 18.383
202106 17.385 99.500 19.412
202109 15.753 100.100 17.484
202112 12.420 100.100 13.785
202203 13.867 101.100 15.239
202206 12.372 101.800 13.502
202209 9.980 103.100 10.754
202212 9.234 104.100 9.855
202303 10.575 104.400 11.254
202306 10.935 105.200 11.548
202309 10.095 106.200 10.561
202312 12.196 106.800 12.687
202403 9.748 107.200 10.103
202409 0.000 108.900 0.000
202503 0.000 111.100 0.000

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.


PATH  (TSE:3840) 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.


PATH Cyclically Adjusted PS Ratio Related Terms

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


PATH Business Description

Industry
Traded in Other Exchanges
N/A
Address
6-17-11 Jingumae, JPR Harajuku Building, Shibuya-ku, Tokyo, JPN, 150-0001
PATH Corp is a business service provider. The company offers consulting services which include planning and proposing new businesses using block chain technology, implementing and introducing systems, and procuring means for new business funds, and mail order related business.

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