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Mani (TSE:7730) Cyclically Adjusted PS Ratio : 9.34 (As of May. 27, 2024)


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What is Mani Cyclically Adjusted PS Ratio?

As of today (2024-05-27), Mani's current share price is 円1844.00. Mani's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was 円197.33. Mani's Cyclically Adjusted PS Ratio for today is 9.34.

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

TSE:7730' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.01   Med: 12.75   Max: 22.16
Current: 9.34

During the past years, Mani's highest Cyclically Adjusted PS Ratio was 22.16. The lowest was 8.01. And the median was 12.75.

TSE:7730's Cyclically Adjusted PS Ratio is ranked worse than
85.02% of 474 companies
in the Medical Devices & Instruments industry
Industry Median: 2.165 vs TSE:7730: 9.34

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.

Mani's adjusted revenue per share data for the three months ended in Feb. 2024 was 円68.977. 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197.33 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mani Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Mani'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.

Mani Cyclically Adjusted PS Ratio Chart

Mani Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.56 18.55 14.30 10.48 10.11

Mani Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 10.44 8.94 10.11 11.33 10.34

Competitive Comparison of Mani's Cyclically Adjusted PS Ratio

For the Medical Instruments & Supplies subindustry, Mani'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.


Mani's Cyclically Adjusted PS Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Mani's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Mani 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1844.00/197.33
=9.34

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=68.977/106.9000*106.9000
=68.977

Current CPI (Feb. 2024) = 106.9000.

Mani Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 29.747 98.100 32.415
201408 30.313 98.300 32.965
201411 29.137 97.900 31.816
201502 32.595 97.600 35.701
201505 33.683 98.700 36.481
201508 43.852 98.400 47.640
201511 40.326 98.100 43.943
201602 38.393 97.800 41.965
201605 43.431 98.200 47.279
201608 44.929 97.900 49.059
201611 41.006 98.600 44.458
201702 42.359 98.100 46.159
201705 42.543 98.600 46.124
201708 48.511 98.500 52.648
201711 47.836 99.100 51.601
201802 50.343 99.500 54.087
201805 53.877 99.300 58.001
201808 52.185 99.800 55.898
201811 48.781 100.000 52.147
201902 43.560 99.700 46.706
201905 47.651 100.000 50.939
201908 46.210 100.000 49.398
201911 44.145 100.500 46.956
202002 41.960 100.300 44.721
202005 34.421 100.100 36.759
202008 33.903 100.100 36.206
202011 42.661 99.500 45.834
202102 41.706 99.800 44.673
202105 47.050 99.400 50.600
202108 43.230 99.700 46.352
202111 48.036 100.100 51.299
202202 50.017 100.700 53.096
202205 52.618 101.800 55.254
202208 56.753 102.700 59.074
202211 62.026 103.900 63.817
202302 60.108 104.000 61.784
202305 65.955 105.100 67.085
202308 60.581 105.900 61.153
202311 72.226 106.900 72.226
202402 68.977 106.900 68.977

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.


Mani  (TSE:7730) 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.


Mani Cyclically Adjusted PS Ratio Related Terms

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


Mani (TSE:7730) Business Description

Traded in Other Exchanges
N/A
Address
8-3 Kogyodanchi, Tochigi, JPN
Mani, Inc. manufactures medical devices and dental instruments. It sells products in four categories: surgical instruments, ophthalmic instruments, suture needles, and dental instruments. Mani's surgical products include instruments such as staplers, vessel knives, and bone saws. Its ophthalmic instruments include a range of knives used during eye surgery and ophthalmic sutures. Mani's suture needles business includes a variety of taper point and cutting eyeless needles, which require suture attachment and sterilization by the customer, as well as stainless-steel eyed needles. The firm's dental instruments include endodontic instruments and accessories, root canal equipment, and finishing and polishing instruments.

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