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Inpex (TSE:1605) Cyclically Adjusted PS Ratio : 2.47 (As of Apr. 29, 2024)


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What is Inpex Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Inpex's current share price is 円2373.00. Inpex's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円961.56. Inpex's Cyclically Adjusted PS Ratio for today is 2.47.

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

TSE:1605' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.46   Max: 2.7
Current: 2.47

During the past years, Inpex's highest Cyclically Adjusted PS Ratio was 2.70. The lowest was 0.64. And the median was 1.46.

TSE:1605's Cyclically Adjusted PS Ratio is ranked worse than
77.44% of 758 companies
in the Oil & Gas industry
Industry Median: 0.9 vs TSE:1605: 2.47

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.

Inpex's adjusted revenue per share data for the three months ended in Dec. 2023 was 円444.860. 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961.56 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Inpex Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Inpex'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.

Inpex Cyclically Adjusted PS Ratio Chart

Inpex Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.33 0.74 1.32 1.60 1.98

Inpex 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 1.60 1.56 1.74 2.40 1.98

Competitive Comparison of Inpex's Cyclically Adjusted PS Ratio

For the Oil & Gas E&P subindustry, Inpex'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.


Inpex's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Inpex's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Inpex 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.

Inpex's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2373.00/961.56
=2.47

* 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.

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

For example, Inpex'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)
=444.86/106.8000*106.8000
=444.860

Current CPI (Dec. 2023) = 106.8000.

Inpex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 231.261 95.700 258.084
201406 233.621 98.000 254.599
201409 220.473 98.500 239.051
201412 180.406 97.900 196.807
201503 167.513 97.900 182.741
201506 167.282 98.400 181.562
201509 220.988 98.500 239.609
201512 165.766 98.100 180.467
201603 137.277 97.900 149.757
201606 135.676 98.100 147.708
201609 131.147 98.000 142.923
201612 160.120 98.400 173.789
201703 171.831 98.100 187.070
201706 149.192 98.500 161.764
201709 157.529 98.800 170.284
201712 175.125 99.400 188.162
201803 157.519 99.200 169.587
201806 138.563 99.200 149.179
201809 161.504 99.900 172.659
201812 179.640 99.700 192.433
201903 185.483 99.700 198.692
201906 196.853 99.800 210.660
201909 197.113 100.100 210.306
201912 290.875 100.500 309.109
202003 170.983 100.300 182.064
202006 97.256 99.900 103.973
202009 137.731 99.900 147.244
202012 122.071 99.300 131.291
202103 166.892 99.900 178.419
202106 174.427 99.500 187.224
202109 240.252 100.100 256.333
202112 278.700 100.100 297.354
202203 350.079 101.100 369.816
202206 442.298 101.800 464.022
202209 438.085 103.100 453.807
202212 472.844 104.100 485.108
202303 442.939 104.400 453.122
202306 382.823 105.200 388.645
202309 403.031 106.200 405.308
202312 444.860 106.800 444.860

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.


Inpex  (TSE:1605) 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.


Inpex Cyclically Adjusted PS Ratio Related Terms

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


Inpex (TSE:1605) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Inpex Corp (TSE:1605) » Definitions » Cyclically Adjusted PS Ratio
Traded in Other Exchanges
Address
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo, JPN, 107-6332
Inpex Corp engages in research, exploration, development, production, and sale of oil, natural gas, and other mineral resources. The company is engaged in a multitude of projects spanning the globe. Exploration services are carried through terrestrial geological surveys and geophysical surveys conducted through satellite images and seismic waves. Exploration wells are used to confirm the presence of hydrocarbon products; appraisal follows shortly after. In addition to utilizing production wells, Inpex has gas processing facilities and a transport pipeline for production and shipping. The company also conducts refining/treatment to create products from the oil and natural gas. Marketing and sales are an additional function of the activities performed at Inpex.

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