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Rinnai (TSE:5947) Cyclically Adjusted PS Ratio : 1.45 (As of Jun. 14, 2024)


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What is Rinnai Cyclically Adjusted PS Ratio?

As of today (2024-06-14), Rinnai's current share price is 円3747.00. Rinnai's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円2,579.06. Rinnai's Cyclically Adjusted PS Ratio for today is 1.45.

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

TSE:5947' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.06   Med: 1.43   Max: 2.17
Current: 1.44

During the past years, Rinnai's highest Cyclically Adjusted PS Ratio was 2.17. The lowest was 1.06. And the median was 1.43.

TSE:5947's Cyclically Adjusted PS Ratio is ranked worse than
69.52% of 315 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.84 vs TSE:5947: 1.44

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.

Rinnai's adjusted revenue per share data for the three months ended in Dec. 2023 was 円819.066. 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2,579.06 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rinnai Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Rinnai'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.

Rinnai Cyclically Adjusted PS Ratio Chart

Rinnai Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.26 2.00 1.42 1.32 -

Rinnai 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 1.32 1.25 1.10 1.27 -

Competitive Comparison of Rinnai's Cyclically Adjusted PS Ratio

For the Furnishings, Fixtures & Appliances subindustry, Rinnai'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.


Rinnai's Cyclically Adjusted PS Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Rinnai's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Rinnai 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3747.00/2579.06
=1.45

* 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.

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

For example, Rinnai'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)
=819.066/106.8000*106.8000
=819.066

Current CPI (Dec. 2023) = 106.8000.

Rinnai Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 499.875 95.700 557.854
201406 417.985 98.000 455.518
201409 458.636 98.500 497.282
201412 522.372 97.900 569.860
201503 491.947 97.900 536.669
201506 445.500 98.400 483.530
201509 512.380 98.500 555.555
201512 560.171 98.100 609.850
201603 532.654 97.900 581.077
201606 477.668 98.100 520.030
201609 516.550 98.000 562.934
201612 565.611 98.400 613.895
201703 557.088 98.100 606.493
201706 487.503 98.500 528.582
201709 539.704 98.800 583.405
201712 615.014 99.400 660.800
201803 598.924 99.200 644.809
201806 514.047 99.200 553.430
201809 541.397 99.900 578.791
201812 610.575 99.700 654.056
201903 590.907 99.700 632.988
201906 479.458 99.800 513.087
201909 560.513 100.100 598.030
201912 593.332 100.500 630.526
202003 574.637 100.300 611.877
202006 444.803 99.900 475.525
202009 521.148 99.900 557.143
202012 626.227 99.300 673.525
202103 641.107 99.900 685.388
202106 548.067 99.500 588.277
202109 625.367 100.100 667.225
202112 627.851 100.100 669.875
202203 618.596 101.100 653.472
202206 1,909.323 101.800 2,003.101
202209 678.619 103.100 702.973
202212 816.838 104.100 838.024
202303 758.613 104.400 776.052
202306 614.447 105.200 623.792
202309 712.235 106.200 716.259
202312 819.066 106.800 819.066

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.


Rinnai  (TSE:5947) 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.


Rinnai Cyclically Adjusted PS Ratio Related Terms

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


Rinnai (TSE:5947) Business Description

Traded in Other Exchanges
Address
2-26, Fukuzumi-cho, Nakagawa-ku, Nagoya, JPN, 454-0802
Rinnai Corporation is a Japanese company that manufactures and sells gas water heating, gas home heating, and commercial water heating appliances and their components. The company has operations across the globe, including Australia, Brazil, Europe, the United States, and Southeast Asia. Rinnai supplies kitchen appliances; bath appliances; living appliances, such as gas and floor heating systems; and professional products, such as gas fryers and ranges. These products are sold and distributed to various customers, including utility companies, housing equipment manufacturers, general stores, house makers, and Rinnai's global subsidiaries.

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