Sanoh Industrial Co (TSE:6584) Cyclically Adjusted PS Ratio : 0.25 (As of Jun. 20, 2024)

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What is Sanoh Industrial Co Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Sanoh Industrial Co's current share price is 円984.00. Sanoh Industrial Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円3,915.10. Sanoh Industrial Co's Cyclically Adjusted PS Ratio for today is 0.25.

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

TSE:6584' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.21 Max: 0.47
Current: 0.26

During the past years, Sanoh Industrial Co's highest Cyclically Adjusted PS Ratio was 0.47. The lowest was 0.12. And the median was 0.21.

TSE:6584's Cyclically Adjusted PS Ratio is ranked better than
76.42% of 1005 companies
in the Vehicles & Parts industry
Industry Median: 0.65 vs TSE:6584: 0.26

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.

Sanoh Industrial Co's adjusted revenue per share data for the three months ended in Dec. 2023 was 円1,113.317. 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3,915.10 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Sanoh Industrial Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sanoh Industrial Co'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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Sanoh Industrial Co Cyclically Adjusted PS Ratio Chart

Sanoh Industrial Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cyclically Adjusted PS Ratio

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0.16

0.21

0.38

0.20

0.18

Sanoh Industrial Co 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															0.16	0.18	0.23	0.26	0.20

Competitive Comparison of Sanoh Industrial Co's Cyclically Adjusted PS Ratio

For the Auto Parts subindustry, Sanoh Industrial Co'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.

Sanoh Industrial Co's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

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

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

Sanoh Industrial Co 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.

Sanoh Industrial Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	984.00	/	3915.1
	=	0.25

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

For example, Sanoh Industrial Co'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)
	=	1113.317	/	106.8000	*	106.8000
	=	1,113.317

Current CPI (Dec. 2023) = 106.8000.

Sanoh Industrial Co Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201403	805.198	95.700	898.591
201406	854.050	98.000	930.740
201409	814.265	98.500	882.878
201412	894.988	97.900	976.351
201503	1,025.745	97.900	1,118.995
201506	858.776	98.400	932.086
201509	892.571	98.500	967.783
201512	963.183	98.100	1,048.603
201603	966.315	97.900	1,054.162
201606	919.030	98.100	1,000.534
201609	892.021	98.000	972.121
201612	898.093	98.400	974.759
201703	966.919	98.100	1,052.670
201706	952.770	98.500	1,033.054
201709	925.157	98.800	1,000.068
201712	941.120	99.400	1,011.183
201803	992.472	99.200	1,068.508
201806	955.021	99.200	1,028.188
201809	967.935	99.900	1,034.789
201812	944.855	99.700	1,012.142
201903	991.400	99.700	1,062.001
201906	993.680	99.800	1,063.377
201909	996.840	100.100	1,063.562
201912	957.357	100.500	1,017.370
202003	973.183	100.300	1,036.251
202006	710.894	99.900	759.995
202009	579.063	99.900	619.058
202012	903.998	99.300	972.276
202103	935.706	99.900	1,000.334
202106	816.240	99.500	876.125
202109	792.322	100.100	845.355
202112	756.477	100.100	807.110
202203	843.691	101.100	891.258
202206	859.412	101.800	901.623
202209	900.675	103.100	932.998
202212	1,030.498	104.100	1,057.226
202303	1,021.762	104.400	1,045.251
202306	1,010.396	105.200	1,025.763
202309	1,056.617	106.200	1,062.587
202312	1,113.317	106.800	1,113.317

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.

Sanoh Industrial Co (TSE:6584) 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.

Sanoh Industrial Co Cyclically Adjusted PS Ratio Related Terms

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

Sanoh Industrial Co (TSE:6584) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sanoh Industrial Co Ltd (TSE:6584) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

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Address

1-23-23 Ebisu, Shibuya-ku, Tokyo, JPN, 150-0013

Website

http://www.sanoh.com

Sanoh Industrial Co Ltd operates as an automotive parts manufacturing company in Japan. It is engaged in the manufacture and distribution of tubular products for automobiles and transportation equipment, and automotive plastic products. Its products portfolio includes brazed steel tubing, welded steel tubing, stainless steel tubing, fuel injection rails, mono-layer tubing, multi-layer tubing, various fluid handling systems, quick connectors, and aluminum pipe.

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