GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Suruga Bank Ltd (TSE:8358) » Definitions » Cyclically Adjusted PS Ratio

Suruga Bank (TSE:8358) Cyclically Adjusted PS Ratio : 2.76 (As of May. 25, 2025)


View and export this data going back to 1963. Start your Free Trial

What is Suruga Bank Cyclically Adjusted PS Ratio?

As of today (2025-05-25), Suruga Bank's current share price is 円1304.00. Suruga Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was 円472.44. Suruga Bank's Cyclically Adjusted PS Ratio for today is 2.76.

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

TSE:8358' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.62   Med: 1.02   Max: 5.8
Current: 2.76

During the past years, Suruga Bank's highest Cyclically Adjusted PS Ratio was 5.80. The lowest was 0.62. And the median was 1.02.

TSE:8358's Cyclically Adjusted PS Ratio is ranked worse than
51.01% of 1243 companies
in the Banks industry
Industry Median: 2.7 vs TSE:8358: 2.76

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.

Suruga Bank's adjusted revenue per share data for the three months ended in Dec. 2024 was 円115.505. 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472.44 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Suruga Bank Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Suruga Bank'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.

Suruga Bank Cyclically Adjusted PS Ratio Chart

Suruga Bank Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 0.87 0.99 1.91 -

Suruga Bank Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.91 2.26 2.39 2.39 -

Competitive Comparison of Suruga Bank's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Suruga Bank'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.


Suruga Bank's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Suruga Bank's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


;
;

Suruga Bank 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.

Suruga Bank's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1304.00/472.44
=2.76

* 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.

Suruga Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=115.505/110.7000*110.7000
=115.505

Current CPI (Dec. 2024) = 110.7000.

Suruga Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 117.785 97.900 133.185
201506 127.180 98.400 143.078
201509 124.207 98.500 139.591
201512 125.525 98.100 141.647
201603 127.447 97.900 144.110
201606 130.103 98.100 146.813
201609 134.788 98.000 152.255
201612 142.181 98.400 159.954
201703 130.647 98.100 147.427
201706 143.194 98.500 160.930
201709 143.131 98.800 160.370
201712 159.780 99.400 177.944
201803 139.614 99.200 155.799
201806 132.499 99.200 147.859
201809 155.311 99.900 172.101
201812 130.998 99.700 145.451
201903 109.440 99.700 121.515
201906 116.646 99.800 129.386
201909 121.903 100.100 134.812
201912 102.581 100.500 112.992
202003 87.688 100.300 96.780
202006 92.627 99.900 102.641
202009 98.187 99.900 108.802
202012 91.716 99.300 102.245
202103 78.593 99.900 87.090
202106 86.472 99.500 96.206
202109 118.743 100.100 131.317
202112 50.061 100.100 55.362
202203 66.311 101.100 72.608
202206 95.120 101.800 103.436
202209 154.100 103.100 165.459
202212 90.608 104.100 96.353
202303 -43.558 104.400 -46.187
202306 97.095 105.200 102.171
202309 91.770 106.200 95.659
202312 99.280 106.800 102.905
202403 11.540 107.200 11.917
202406 102.194 108.200 104.555
202409 90.861 108.900 92.363
202412 115.505 110.700 115.505

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.


Suruga Bank  (TSE:8358) 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.


Suruga Bank Cyclically Adjusted PS Ratio Related Terms

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


Suruga Bank Business Description

Industry
Traded in Other Exchanges
Address
23 Toriyoko-cho, Numazu, JPN
Suruga Bank Ltd. is a regional bank in the Kanto area. The company divides its operations into five core businesses: personal loans, housing loans, asset management, life support, and small- to medium-size corporate lending. Specifically, this includes deposits, loans, foreign exchange transactions, leasing, letters of credit, and credit card services. Within their loan business, Suruga caters to consumers, allowing them to access more credit to work on projects such as renovations and refurbishment in addition to traditional housing loans. The company earns the majority of its revenue from housing loans. The bank operates primarily in Shizuoka and Kanagawa.

Suruga Bank Headlines

No Headlines