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Daiko Denshi Tsushin (TSE:8023) Cyclically Adjusted PS Ratio : 0.28 (As of Jun. 09, 2024)


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What is Daiko Denshi Tsushin Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Daiko Denshi Tsushin's current share price is 円816.00. Daiko Denshi Tsushin's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円2,912.27. Daiko Denshi Tsushin's Cyclically Adjusted PS Ratio for today is 0.28.

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

TSE:8023' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.21   Max: 0.41
Current: 0.28

During the past years, Daiko Denshi Tsushin's highest Cyclically Adjusted PS Ratio was 0.41. The lowest was 0.14. And the median was 0.21.

TSE:8023's Cyclically Adjusted PS Ratio is ranked better than
84.1% of 1924 companies
in the Hardware industry
Industry Median: 1.09 vs TSE:8023: 0.28

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.

Daiko Denshi Tsushin's adjusted revenue per share data for the three months ended in Dec. 2023 was 円714.266. 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2,912.27 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daiko Denshi Tsushin Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Daiko Denshi Tsushin'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.

Daiko Denshi Tsushin Cyclically Adjusted PS Ratio Chart

Daiko Denshi Tsushin Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.22 0.21 0.15 0.17

Daiko Denshi Tsushin 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 0.17 0.17 0.20 0.23 0.31

Competitive Comparison of Daiko Denshi Tsushin's Cyclically Adjusted PS Ratio

For the Electronics & Computer Distribution subindustry, Daiko Denshi Tsushin'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.


Daiko Denshi Tsushin's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Daiko Denshi Tsushin's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Daiko Denshi Tsushin 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.

Daiko Denshi Tsushin's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=816.00/2912.27
=0.28

* 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.

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

For example, Daiko Denshi Tsushin'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)
=714.266/106.8000*106.8000
=714.266

Current CPI (Dec. 2023) = 106.8000.

Daiko Denshi Tsushin Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1,132.054 95.700 1,263.358
201406 496.466 98.000 541.047
201409 728.607 98.500 790.002
201412 490.091 97.900 534.645
201503 920.413 97.900 1,004.087
201506 473.837 98.400 514.287
201509 679.161 98.500 736.390
201512 502.382 98.100 546.936
201603 819.155 97.900 893.624
201606 472.282 98.100 514.166
201609 710.271 98.000 774.050
201612 473.429 98.400 513.844
201703 848.918 98.100 924.204
201706 631.460 98.500 684.669
201709 702.197 98.800 759.055
201712 473.462 99.400 508.710
201803 749.505 99.200 806.927
201806 504.636 99.200 543.298
201809 669.012 99.900 715.220
201812 513.202 99.700 549.749
201903 903.631 99.700 967.982
201906 677.467 99.800 724.985
201909 856.817 100.100 914.166
201912 657.431 100.500 698.643
202003 819.044 100.300 872.123
202006 592.973 99.900 633.929
202009 672.489 99.900 718.937
202012 576.878 99.300 620.449
202103 815.834 99.900 872.183
202106 565.083 99.500 606.541
202109 680.478 100.100 726.024
202112 543.607 100.100 579.992
202203 810.433 101.100 856.125
202206 547.419 101.800 574.306
202209 690.591 103.100 715.375
202212 616.557 104.100 632.548
202303 981.298 104.400 1,003.857
202306 658.651 105.200 668.669
202309 898.261 106.200 903.336
202312 714.266 106.800 714.266

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.


Daiko Denshi Tsushin  (TSE:8023) 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.


Daiko Denshi Tsushin Cyclically Adjusted PS Ratio Related Terms

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Daiko Denshi Tsushin (TSE:8023) Business Description

Traded in Other Exchanges
N/A
Address
2-1 Ageba-cho, Shinjuku-ku, Tokyo, JPN, 162-8565
Daiko Denshi Tsushin Ltd is engaged in the sale of information communications equipment and the provision of related services. The principal business activities of the company include system consultancy, sales and maintenances of various types of computers, development and maintenances of software, sales and maintenances of a network, sales of computer-related products and construction of office facility.

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