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Japan Tobacco (WBO:JAT) Cyclically Adjusted PS Ratio : 3.00 (As of Jun. 19, 2024)


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What is Japan Tobacco Cyclically Adjusted PS Ratio?

As of today (2024-06-19), Japan Tobacco's current share price is €25.94. Japan Tobacco's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €8.64. Japan Tobacco's Cyclically Adjusted PS Ratio for today is 3.00.

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

WBO:JAT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.45   Med: 1.83   Max: 3.2
Current: 3.18

During the past years, Japan Tobacco's highest Cyclically Adjusted PS Ratio was 3.20. The lowest was 1.45. And the median was 1.83.

WBO:JAT's Cyclically Adjusted PS Ratio is ranked worse than
72.97% of 37 companies
in the Tobacco Products industry
Industry Median: 1.47 vs WBO:JAT: 3.18

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.

Japan Tobacco's adjusted revenue per share data for the three months ended in Mar. 2024 was €2.560. 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 €8.64 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Tobacco Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Japan Tobacco'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.

Japan Tobacco Cyclically Adjusted PS Ratio Chart

Japan Tobacco Annual Data
Trend Mar14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 1.70 1.82 1.96 2.58

Japan Tobacco 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 2.04 2.27 2.45 2.58 2.85

Competitive Comparison of Japan Tobacco's Cyclically Adjusted PS Ratio

For the Tobacco subindustry, Japan Tobacco'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.


Japan Tobacco's Cyclically Adjusted PS Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Japan Tobacco 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.

Japan Tobacco's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=25.94/8.64
=3.00

* 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.

Japan Tobacco's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.56/107.2000*107.2000
=2.560

Current CPI (Mar. 2024) = 107.2000.

Japan Tobacco Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.207 98.000 2.414
201409 2.455 98.500 2.672
201412 3.661 97.900 4.009
201503 2.353 97.900 2.577
201506 2.479 98.400 2.701
201509 2.455 98.500 2.672
201512 2.377 98.100 2.597
201603 2.370 97.900 2.595
201606 2.559 98.100 2.796
201609 2.646 98.000 2.894
201612 2.393 98.400 2.607
201703 2.380 98.100 2.601
201706 2.414 98.500 2.627
201709 2.314 98.800 2.511
201712 2.283 99.400 2.462
201803 2.198 99.200 2.375
201806 2.431 99.200 2.627
201809 2.562 99.900 2.749
201812 2.361 99.700 2.539
201903 2.252 99.700 2.421
201906 2.553 99.800 2.742
201909 2.737 100.100 2.931
201912 2.519 100.500 2.687
202003 2.461 100.300 2.630
202006 2.375 99.900 2.549
202009 2.545 99.900 2.731
202012 2.233 99.300 2.411
202103 2.383 99.900 2.557
202106 2.536 99.500 2.732
202109 2.701 100.100 2.893
202112 2.447 100.100 2.621
202203 2.508 101.100 2.659
202206 2.726 101.800 2.871
202209 2.945 103.100 3.062
202212 2.559 104.100 2.635
202303 2.618 104.400 2.688
202306 2.676 105.200 2.727
202309 2.728 106.200 2.754
202312 2.454 106.800 2.463
202403 2.560 107.200 2.560

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.


Japan Tobacco  (WBO:JAT) 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.


Japan Tobacco Cyclically Adjusted PS Ratio Related Terms

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


Japan Tobacco (WBO:JAT) Business Description

Traded in Other Exchanges
Address
2-1, Toranomon 2-chome, Minato-ku, Tokyo, JPN, 105-8422
Japan Tobacco is the third-largest tobacco company globally. It owns a rich brand portfolio including Winston (non-U.S.), Camel (non-U.S.), and Mevius, and holds leading shares in many core markets including Japan, Russia, and the U.K. It has added Logic as a vaping brand and Ploom heated tobacco lines into its reduced-risk-product portfolio. The tobacco business contributes 90% of group sales and nearly all profits, with more than half generated by the overseas tobacco operations. JTI was created through the acquisition of R.J. Reynolds' non-U.S. operations in 1999 and further expanded through multiple acquisitions, of which the purchase of Gallaher in 2007 was the most notable, doubling JTI's sales. Pharmaceutical and processed food operations are the other businesses.

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