Harima Chemicals Group (TSE:4410) Cyclically Adjusted PS Ratio : 0.27 (As of Jun. 20, 2024)

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What is Harima Chemicals Group Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Harima Chemicals Group's current share price is 円892.00. Harima Chemicals Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円3,278.02. Harima Chemicals Group's Cyclically Adjusted PS Ratio for today is 0.27.

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

TSE:4410' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.32 Max: 0.47
Current: 0.27

During the past years, Harima Chemicals Group's highest Cyclically Adjusted PS Ratio was 0.47. The lowest was 0.24. And the median was 0.32.

TSE:4410's Cyclically Adjusted PS Ratio is ranked better than
90.77% of 1214 companies
in the Chemicals industry
Industry Median: 1.21 vs TSE:4410: 0.27

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.

Harima Chemicals Group's adjusted revenue per share data for the three months ended in Dec. 2023 was 円1,004.168. 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3,278.02 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Harima Chemicals Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Harima Chemicals 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.

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Harima Chemicals Group Cyclically Adjusted PS Ratio Chart

Harima Chemicals Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cyclically Adjusted PS Ratio

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0.39

0.40

0.33

0.27

0.28

Harima Chemicals Group 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															0.26	0.28	0.28	0.25	0.25

Competitive Comparison of Harima Chemicals Group's Cyclically Adjusted PS Ratio

For the Specialty Chemicals subindustry, Harima Chemicals 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.

Harima Chemicals Group's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

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

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

Harima Chemicals 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.

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

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	892.00	/	3278.02
	=	0.27

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

For example, Harima Chemicals Group'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)
	=	1004.168	/	106.8000	*	106.8000
	=	1,004.168

Current CPI (Dec. 2023) = 106.8000.

Harima Chemicals Group Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201403	780.565	95.700	871.101
201406	764.190	98.000	832.811
201409	815.496	98.500	884.213
201412	791.225	97.900	863.155
201503	815.820	97.900	889.985
201506	799.198	98.400	867.422
201509	795.262	98.500	862.274
201512	781.339	98.100	850.632
201603	744.875	97.900	812.591
201606	704.638	98.100	767.129
201609	690.098	98.000	752.066
201612	674.899	98.400	732.512
201703	681.356	98.100	741.782
201706	665.253	98.500	721.310
201709	683.706	98.800	739.067
201712	736.797	99.400	791.649
201803	737.326	99.200	793.815
201806	746.705	99.200	803.912
201809	767.443	99.900	820.450
201812	771.610	99.700	826.559
201903	739.165	99.700	791.804
201906	711.908	99.800	761.841
201909	742.564	100.100	792.266
201912	727.463	100.500	773.065
202003	656.293	100.300	698.824
202006	629.545	99.900	673.027
202009	569.100	99.900	608.407
202012	631.083	99.300	678.748
202103	671.790	99.900	718.190
202106	694.737	99.500	745.708
202109	750.465	100.100	800.696
202112	782.928	100.100	835.332
202203	796.607	101.100	841.520
202206	881.542	101.800	924.840
202209	990.065	103.100	1,025.596
202212	1,012.595	104.100	1,038.858
202303	932.361	104.400	953.795
202306	933.642	105.200	947.842
202309	935.942	106.200	941.230
202312	1,004.168	106.800	1,004.168

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.

Harima Chemicals Group (TSE:4410) 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.

Harima Chemicals Group Cyclically Adjusted PS Ratio Related Terms

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

Harima Chemicals Group (TSE:4410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Harima Chemicals Group Inc (TSE:4410) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 - chome Nihonbashi 3 - chome Chuo - ku, Tokyo, JPN, 103-0027

Website

http://www.harima.co.jp

Harima Chemicals Group Inc is a Japan-based chemical manufacturer. The company is mainly engaged in chemical products business, papermaking chemical business, and electronic materials business. Products offered by the company include resins for printing ink, paint, resin for adhesive and adhesive, emulsifier for synthetic rubber, sizing agent, paper strength enhancer, and coating agent. Electronic materials business develops, manufacture and sell conductive paste, brazing material for aluminum and printed wiring board related materials. Harima has a global network with presence in Europe, Asia, Oceania, North America, and South America.

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