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Zozo (TSE:3092) Cyclically Adjusted PS Ratio : 8.38 (As of Apr. 27, 2024)


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What is Zozo Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Zozo's current share price is 円3400.00. Zozo's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円405.57. Zozo's Cyclically Adjusted PS Ratio for today is 8.38.

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

TSE:3092' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.31   Med: 11.24   Max: 32.54
Current: 8.17

During the past years, Zozo's highest Cyclically Adjusted PS Ratio was 32.54. The lowest was 6.31. And the median was 11.24.

TSE:3092's Cyclically Adjusted PS Ratio is ranked worse than
98.4% of 752 companies
in the Retail - Cyclical industry
Industry Median: 0.48 vs TSE:3092: 8.17

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.

Zozo's adjusted revenue per share data for the three months ended in Dec. 2023 was 円191.484. 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405.57 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zozo Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Zozo'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.

Zozo Cyclically Adjusted PS Ratio Chart

Zozo Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.07 6.93 13.12 11.03 8.43

Zozo 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 9.47 8.43 7.97 7.07 7.83

Competitive Comparison of Zozo's Cyclically Adjusted PS Ratio

For the Internet Retail subindustry, Zozo'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.


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

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

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



Zozo 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3400.00/405.57
=8.38

* 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.

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

For example, Zozo'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)
=191.484/106.8000*106.8000
=191.484

Current CPI (Dec. 2023) = 106.8000.

Zozo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 33.419 95.700 37.295
201406 26.114 98.000 28.459
201409 28.598 98.500 31.008
201412 35.937 97.900 39.204
201503 36.773 97.900 40.116
201506 33.509 98.400 36.370
201509 35.328 98.500 38.305
201512 47.838 98.100 52.081
201603 53.374 97.900 58.226
201606 49.367 98.100 53.745
201609 51.908 98.000 56.569
201612 70.946 98.400 77.002
201703 72.807 98.100 79.264
201706 68.857 98.500 74.659
201709 68.103 98.800 73.617
201712 90.558 99.400 97.300
201803 88.261 99.200 95.023
201806 85.997 99.200 92.585
201809 89.120 99.900 95.275
201812 117.938 99.700 126.337
201903 93.792 99.700 100.471
201906 92.445 99.800 98.929
201909 94.918 100.100 101.271
201912 113.579 100.500 120.699
202003 110.143 100.300 117.281
202006 110.257 99.900 117.872
202009 107.601 99.900 115.033
202012 137.154 99.300 147.513
202103 127.621 99.900 136.436
202106 128.686 99.500 138.127
202109 125.349 100.100 133.739
202112 158.660 100.100 169.280
202203 141.468 101.100 149.444
202206 142.060 101.800 149.037
202209 137.331 103.100 142.259
202212 175.750 104.100 180.308
202303 156.595 104.400 160.195
202306 152.976 105.200 155.303
202309 147.780 106.200 148.615
202312 191.484 106.800 191.484

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.


Zozo  (TSE:3092) 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.


Zozo Cyclically Adjusted PS Ratio Related Terms

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


Zozo (TSE:3092) Business Description

Traded in Other Exchanges
Address
WBG Maribu West 15th-16th Floor, Nakase 2-6-1, Mihama-ku, Chiba-shi, Chiba, JPN, 261-7116
Zozo was established in 1998 by Yusaku Maezawa (founder and former CEO), and its main business is Zozotown, the largest fashion e-commerce platform in Japan. Zozotown's business consists mainly of consignment sales, where each brand's products are stocked in Zozotown's logistics bases, and brands open their shops on Zozotown as tenants. As of 2022, Zozotown sold clothing from over 8,500 brands and boasted about 9.3 million annual active users. In 2019, Zozo was acquired by Z Holdings. Since then, Zozo also sells through the Yahoo-owned general e-commerce site PayPay Mall.

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