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NOF (TSE:4403) Cyclically Adjusted PS Ratio : 2.84 (As of May. 25, 2025)


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What is NOF Cyclically Adjusted PS Ratio?

As of today (2025-05-25), NOF's current share price is 円2360.50. NOF's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was 円831.51. NOF's Cyclically Adjusted PS Ratio for today is 2.84.

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

TSE:4403' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.58   Med: 2.46   Max: 3.47
Current: 2.73

During the past years, NOF's highest Cyclically Adjusted PS Ratio was 3.47. The lowest was 1.58. And the median was 2.46.

TSE:4403's Cyclically Adjusted PS Ratio is ranked worse than
73.21% of 1161 companies
in the Chemicals industry
Industry Median: 1.26 vs TSE:4403: 2.73

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.

NOF's adjusted revenue per share data for the three months ended in Dec. 2024 was 円255.140. 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831.51 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


NOF Cyclically Adjusted PS Ratio Historical Data

The historical data trend for NOF'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.

NOF Cyclically Adjusted PS Ratio Chart

NOF 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 2.94 2.45 2.79 2.65 -

NOF Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 2.65 2.75 3.04 2.65 -

Competitive Comparison of NOF's Cyclically Adjusted PS Ratio

For the Specialty Chemicals subindustry, NOF'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.


NOF's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

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

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


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NOF 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.

NOF's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2360.50/831.51
=2.84

* 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.

NOF's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, NOF's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=255.14/110.7000*110.7000
=255.140

Current CPI (Dec. 2024) = 110.7000.

NOF Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 166.371 97.900 188.123
201506 146.935 98.400 165.302
201509 158.080 98.500 177.659
201512 162.623 98.100 183.510
201603 166.430 97.900 188.190
201606 157.745 98.100 178.006
201609 157.178 98.000 177.547
201612 166.888 98.400 187.749
201703 178.588 98.100 201.526
201706 161.560 98.500 181.570
201709 160.311 98.800 179.620
201712 181.186 99.400 201.784
201803 192.854 99.200 215.211
201806 173.905 99.200 194.065
201809 178.422 99.900 197.711
201812 185.263 99.700 205.703
201903 204.555 99.700 227.124
201906 172.482 99.800 191.320
201909 171.387 100.100 189.536
201912 181.291 100.500 199.691
202003 192.855 100.300 212.852
202006 151.516 99.900 167.896
202009 153.489 99.900 170.082
202012 179.498 99.300 200.105
202103 208.261 99.900 230.776
202106 172.870 99.500 192.329
202109 191.218 100.100 211.467
202112 199.273 100.100 220.375
202203 215.665 101.100 236.144
202206 211.868 101.800 230.391
202209 211.520 103.100 227.112
202212 221.050 104.100 235.065
202303 246.560 104.400 261.439
202306 203.775 105.200 214.429
202309 217.827 106.200 227.057
202312 242.326 106.800 251.175
202403 259.438 107.200 267.908
202406 230.976 108.200 236.313
202409 232.309 108.900 236.149
202412 255.140 110.700 255.140

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.


NOF  (TSE:4403) 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.


NOF Cyclically Adjusted PS Ratio Related Terms

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


NOF Business Description

Industry
Traded in Other Exchanges
Address
4-20-3 Ebisu Shibuya-ku, Yebisu Garden Place Tower, Tokyo, JPN, 150-6019
NOF Corp is a Japan-based specialty chemical manufacturer. It is engaged in producing a diversified range of products derived from plant and animal fats. The company's current businesses include oleo and specialty chemicals, functional chemicals and polymers, explosives and propulsion systems, functional foods, life science products, DDS development, display materials, anti-corrosion, logistics and real estate. It operates in four segments such as Functional Chemicals, Life Science, Explosive & Propulsion and Others. Most of its revenues are generated from its Functional Chemicals segment, which is engaged in the sale of fatty acids, surfactants, ethylene oxide, functional films, electronic materials and materials for anti-corrosion.

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