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Morito Co (TSE:9837) Cyclically Adjusted PS Ratio : 0.86 (As of Jun. 12, 2024)


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What is Morito Co Cyclically Adjusted PS Ratio?

As of today (2024-06-12), Morito Co's current share price is 円1430.00. Morito Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was 円1,669.08. Morito Co's Cyclically Adjusted PS Ratio for today is 0.86.

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

TSE:9837' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.55   Max: 0.94
Current: 0.85

During the past years, Morito Co's highest Cyclically Adjusted PS Ratio was 0.94. The lowest was 0.42. And the median was 0.55.

TSE:9837's Cyclically Adjusted PS Ratio is ranked worse than
64.94% of 770 companies
in the Retail - Cyclical industry
Industry Median: 0.48 vs TSE:9837: 0.85

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.

Morito Co's adjusted revenue per share data for the three months ended in Feb. 2024 was 円440.683. 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1,669.08 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Morito Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Morito 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.

* Premium members only.

Morito Co Cyclically Adjusted PS Ratio Chart

Morito Co Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.44 0.44 0.49 0.78

Morito Co 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 0.64 0.62 0.76 0.78 0.87

Competitive Comparison of Morito Co's Cyclically Adjusted PS Ratio

For the Apparel Retail subindustry, Morito 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.


Morito Co's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Morito Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Morito 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1430.00/1669.08
=0.86

* 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.

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

For example, Morito Co'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)
=440.683/106.9000*106.9000
=440.683

Current CPI (Feb. 2024) = 106.9000.

Morito Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 305.202 98.100 332.580
201408 291.076 98.300 316.541
201411 344.219 97.900 375.863
201502 355.086 97.600 388.921
201505 384.157 98.700 416.073
201508 377.430 98.400 410.033
201511 378.815 98.100 412.796
201602 350.460 97.800 383.069
201605 358.385 98.200 390.136
201608 308.902 97.900 337.300
201611 381.886 98.600 414.033
201702 340.956 98.100 371.541
201705 368.351 98.600 399.358
201708 357.999 98.500 388.529
201711 408.763 99.100 440.936
201802 365.703 99.500 392.901
201805 393.084 99.300 423.169
201808 398.402 99.800 426.745
201811 437.235 100.000 467.404
201902 405.173 99.700 434.433
201905 403.598 100.000 431.446
201908 422.157 100.000 451.286
201911 431.372 100.500 458.842
202002 408.026 100.300 434.875
202005 366.230 100.100 391.109
202008 319.361 100.100 341.056
202011 393.883 99.500 423.177
202102 388.223 99.800 415.842
202105 386.950 99.400 416.146
202108 378.703 99.700 406.052
202111 432.748 100.100 462.145
202202 425.297 100.700 451.482
202205 425.589 101.800 446.910
202208 439.382 102.700 457.351
202211 488.619 103.900 502.727
202302 441.618 104.000 453.932
202305 461.268 105.100 469.168
202308 425.228 105.900 429.243
202311 485.004 106.900 485.004
202402 440.683 106.900 440.683

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.


Morito Co  (TSE:9837) 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.


Morito Co Cyclically Adjusted PS Ratio Related Terms

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


Morito Co (TSE:9837) Business Description

Traded in Other Exchanges
N/A
Address
4-2-4 Minami-Honmachi Chuo-ku, Osaka, JPN, 541-0054
Morito Co., Ltd produces and sells eyelets, hooks, flat fasteners, and other apparel and footwear accessories and articles as well as materials for camera components and vehicle interiors.

Morito Co (TSE:9837) Headlines

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