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Macromill (TSE:3978) Cyclically Adjusted PS Ratio : 0.81 (As of Apr. 29, 2024)


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What is Macromill Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Macromill's current share price is 円727.00. Macromill's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円892.64. Macromill's Cyclically Adjusted PS Ratio for today is 0.81.

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

TSE:3978' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.43   Max: 1.39
Current: 0.81

During the past years, Macromill's highest Cyclically Adjusted PS Ratio was 1.39. The lowest was 0.19. And the median was 0.43.

TSE:3978's Cyclically Adjusted PS Ratio is ranked better than
52.65% of 697 companies
in the Media - Diversified industry
Industry Median: 0.89 vs TSE:3978: 0.81

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.

Macromill's adjusted revenue per share data for the three months ended in Dec. 2023 was 円325.284. 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892.64 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Macromill Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Macromill'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.

Macromill Cyclically Adjusted PS Ratio Chart

Macromill Annual Data
Trend Jun12 Jun13 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.28 0.32 0.47 1.01

Macromill 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 1.31 1.12 1.01 0.85 0.88

Competitive Comparison of Macromill's Cyclically Adjusted PS Ratio

For the Advertising Agencies subindustry, Macromill'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.


Macromill's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Macromill's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Macromill 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=727.00/892.64
=0.81

* 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.

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

For example, Macromill'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)
=325.284/106.8000*106.8000
=325.284

Current CPI (Dec. 2023) = 106.8000.

Macromill Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 57.152 95.100 64.183
201206 56.500 94.400 63.922
201209 59.793 94.400 67.647
201212 65.867 94.100 74.757
201303 69.696 94.200 79.018
201306 61.071 94.600 68.947
201309 63.923 95.400 71.562
201312 76.302 95.600 85.241
201603 236.186 97.900 257.657
201606 195.824 98.100 213.191
201609 214.533 98.000 233.797
201612 244.328 98.400 265.185
201703 261.441 98.100 284.627
201706 205.554 98.500 222.875
201709 216.760 98.800 234.311
201712 248.125 99.400 266.597
201803 283.372 99.200 305.082
201806 232.970 99.200 250.819
201809 253.440 99.900 270.945
201812 288.095 99.700 308.611
201903 295.759 99.700 316.821
201906 245.296 99.800 262.501
201909 242.944 100.100 259.205
201912 292.137 100.500 310.450
202003 289.875 100.300 308.661
202006 191.447 99.900 204.670
202009 224.136 99.900 239.617
202012 294.696 99.300 316.954
202103 296.963 99.900 317.474
202106 249.153 99.500 267.433
202109 274.231 100.100 292.586
202112 340.373 100.100 363.155
202203 339.017 101.100 358.131
202206 -5.387 101.800 -5.652
202209 223.289 103.100 231.302
202212 289.775 104.100 297.291
202303 382.831 104.400 391.632
202306 -71.986 105.200 -73.081
202309 251.525 106.200 252.946
202312 325.284 106.800 325.284

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.


Macromill  (TSE:3978) 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.


Macromill Cyclically Adjusted PS Ratio Related Terms

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


Macromill (TSE:3978) Business Description

Traded in Other Exchanges
Address
SHINAGAWA EAST ONE TOWER 11F, Tokyo, JPN
Macromill Inc is a Japan-based company engaged in the provision of marketing research and digital marketing solutions mainly online. The company offers online marketing research, mobile marketing research, global marketing research, consumer buying patterns research and consumer buying data, qualitative and quantitative marketing research, and marketing consulting services.

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