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ANA Holdings (TSE:9202) Cyclically Adjusted PS Ratio : 0.63 (As of May. 01, 2024)


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What is ANA Holdings Cyclically Adjusted PS Ratio?

As of today (2024-05-01), ANA Holdings's current share price is 円3000.00. ANA Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円4,727.02. ANA Holdings's Cyclically Adjusted PS Ratio for today is 0.63.

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

TSE:9202' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.62   Max: 0.88
Current: 0.65

During the past years, ANA Holdings's highest Cyclically Adjusted PS Ratio was 0.88. The lowest was 0.40. And the median was 0.62.

TSE:9202's Cyclically Adjusted PS Ratio is ranked better than
57.14% of 735 companies
in the Transportation industry
Industry Median: 0.83 vs TSE:9202: 0.65

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.

ANA Holdings's adjusted revenue per share data for the three months ended in Dec. 2023 was 円1,037.512. 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4,727.02 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


ANA Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ANA Holdings'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.

ANA Holdings Cyclically Adjusted PS Ratio Chart

ANA Holdings 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 0.48 0.51 0.54 0.61 -

ANA Holdings 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 0.61 0.73 0.66 0.65 -

Competitive Comparison of ANA Holdings's Cyclically Adjusted PS Ratio

For the Airlines subindustry, ANA Holdings'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.


ANA Holdings's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ANA Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



ANA Holdings 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.

ANA Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3000.00/4727.02
=0.63

* 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.

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

For example, ANA Holdings'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)
=1037.512/106.8000*106.8000
=1,037.512

Current CPI (Dec. 2023) = 106.8000.

ANA Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1,091.431 95.700 1,218.023
201406 1,108.326 98.000 1,207.849
201409 1,340.165 98.500 1,453.093
201412 1,266.540 97.900 1,381.680
201503 1,191.108 97.900 1,299.391
201506 1,184.216 98.400 1,285.308
201509 1,422.406 98.500 1,542.264
201512 1,309.018 98.100 1,425.108
201603 1,207.043 97.900 1,316.774
201606 1,156.207 98.100 1,258.745
201609 1,373.096 98.000 1,496.394
201612 1,276.163 98.400 1,385.104
201703 1,237.707 98.100 1,347.473
201706 1,289.450 98.500 1,398.104
201709 1,527.470 98.800 1,651.152
201712 1,482.615 99.400 1,592.991
201803 1,427.762 99.200 1,537.147
201806 1,449.022 99.200 1,560.036
201809 1,653.060 99.900 1,767.235
201812 1,584.936 99.700 1,697.805
201903 1,463.948 99.700 1,568.201
201906 1,495.692 99.800 1,600.600
201909 1,659.962 100.100 1,771.068
201912 1,572.438 100.500 1,671.009
202003 1,171.978 100.300 1,247.929
202006 363.520 99.900 388.628
202009 508.819 99.900 543.963
202012 511.642 99.300 550.286
202103 427.493 99.900 457.020
202106 422.908 99.500 453.935
202109 493.711 100.100 526.757
202112 652.546 100.100 696.223
202203 600.160 101.100 633.997
202206 664.468 101.800 697.104
202209 828.802 103.100 858.546
202212 895.829 104.100 919.064
202303 859.176 104.400 878.927
202306 885.813 105.200 899.285
202309 1,042.621 106.200 1,048.512
202312 1,037.512 106.800 1,037.512

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.


ANA Holdings  (TSE:9202) 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.


ANA Holdings Cyclically Adjusted PS Ratio Related Terms

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


ANA Holdings (TSE:9202) Business Description

Traded in Other Exchanges
Address
Shiodome-City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, JPN, 105-7140
ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. In February 2024, it will launch Air Japan to provide discount airline services to Southeast Asia. Pre-COVID-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.

ANA Holdings (TSE:9202) Headlines

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