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Bridgestone (TSE:5108) Cyclically Adjusted PS Ratio : 1.34 (As of May. 01, 2024)


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What is Bridgestone Cyclically Adjusted PS Ratio?

As of today (2024-05-01), Bridgestone's current share price is 円6979.00. Bridgestone's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円5,205.61. Bridgestone's Cyclically Adjusted PS Ratio for today is 1.34.

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

TSE:5108' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.03   Max: 1.3
Current: 1.29

During the past years, Bridgestone's highest Cyclically Adjusted PS Ratio was 1.30. The lowest was 0.68. And the median was 1.03.

TSE:5108's Cyclically Adjusted PS Ratio is ranked worse than
66.67% of 993 companies
in the Vehicles & Parts industry
Industry Median: 0.65 vs TSE:5108: 1.29

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.

Bridgestone's adjusted revenue per share data for the three months ended in Dec. 2023 was 円1,627.730. 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5,205.61 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bridgestone Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Bridgestone'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.

Bridgestone Cyclically Adjusted PS Ratio Chart

Bridgestone Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.75 1.08 0.95 1.12

Bridgestone 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 0.95 1.07 1.16 1.13 1.12

Competitive Comparison of Bridgestone's Cyclically Adjusted PS Ratio

For the Auto Parts subindustry, Bridgestone'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.


Bridgestone's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bridgestone's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Bridgestone 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6979.00/5205.61
=1.34

* 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.

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

For example, Bridgestone'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)
=1627.73/106.8000*106.8000
=1,627.730

Current CPI (Dec. 2023) = 106.8000.

Bridgestone Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1,101.770 95.700 1,229.562
201406 1,130.668 98.000 1,232.197
201409 1,166.752 98.500 1,265.067
201412 1,286.809 97.900 1,403.792
201503 1,139.757 97.900 1,243.371
201506 1,226.254 98.400 1,330.934
201509 1,226.531 98.500 1,329.883
201512 1,240.613 98.100 1,350.637
201603 1,052.951 97.900 1,148.674
201606 1,046.088 98.100 1,138.860
201609 1,017.582 98.000 1,108.957
201612 1,137.369 98.400 1,234.461
201703 1,088.468 98.100 1,184.999
201706 1,153.049 98.500 1,250.209
201709 1,205.633 98.800 1,303.255
201712 1,296.368 99.400 1,392.878
201803 1,141.763 99.200 1,229.237
201806 1,215.814 99.200 1,308.961
201809 1,193.531 99.900 1,275.967
201812 1,295.988 99.700 1,388.280
201903 1,136.728 99.700 1,217.679
201906 1,223.782 99.800 1,309.618
201909 1,240.226 100.100 1,323.238
201912 1,249.541 100.500 1,327.870
202003 1,000.764 100.300 1,065.619
202006 791.278 99.900 845.931
202009 1,052.730 99.900 1,125.441
202012 981.444 99.300 1,055.571
202103 1,031.206 99.900 1,102.430
202106 1,110.559 99.500 1,192.037
202109 1,144.587 100.100 1,221.198
202112 1,316.278 100.100 1,404.381
202203 1,266.283 101.100 1,337.676
202206 1,424.518 101.800 1,494.485
202209 1,571.642 103.100 1,628.044
202212 1,650.110 104.100 1,692.908
202303 1,522.848 104.400 1,557.856
202306 1,543.964 105.200 1,567.446
202309 1,599.687 106.200 1,608.725
202312 1,627.730 106.800 1,627.730

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.


Bridgestone  (TSE:5108) 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.


Bridgestone Cyclically Adjusted PS Ratio Related Terms

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


Bridgestone (TSE:5108) Business Description

Traded in Other Exchanges
Address
1-1-3 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8340
Bridgestone Corp is engaged in developing, manufacturing and marketing tires and diversified products. The company manufactures tires and tubes for passenger cars, trucks and buses, construction and mining vehicles, industrial machinery, agricultural machinery, aircraft, motorcycles and scooters and others. Its tire operations include retread business, automotive maintenance and repairs, retail business and raw material supplies, as well as tire development, manufacturing, and marketing. Bridgestone also provides diversified products that include, industrial products, chemical products, automotive components, construction materials, electronic equipment, bicycles, and sporting goods.

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