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Nippon Kayaku Co (TSE:4272) Cyclically Adjusted PS Ratio : 1.16 (As of Apr. 29, 2024)


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What is Nippon Kayaku Co Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Nippon Kayaku Co's current share price is 円1254.50. Nippon Kayaku Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円1,078.99. Nippon Kayaku Co's Cyclically Adjusted PS Ratio for today is 1.16.

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

TSE:4272' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.85   Med: 1.23   Max: 2.11
Current: 1.16

During the past years, Nippon Kayaku Co's highest Cyclically Adjusted PS Ratio was 2.11. The lowest was 0.85. And the median was 1.23.

TSE:4272's Cyclically Adjusted PS Ratio is ranked better than
51.47% of 1193 companies
in the Chemicals industry
Industry Median: 1.2 vs TSE:4272: 1.16

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.

Nippon Kayaku Co's adjusted revenue per share data for the three months ended in Dec. 2023 was 円311.840. 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1,078.99 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Kayaku Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Nippon Kayaku 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.

Nippon Kayaku Co Cyclically Adjusted PS Ratio Chart

Nippon Kayaku Co 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 1.46 1.07 1.14 1.19 1.15

Nippon Kayaku Co 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 1.11 1.15 1.17 1.17 1.25

Competitive Comparison of Nippon Kayaku Co's Cyclically Adjusted PS Ratio

For the Chemicals subindustry, Nippon Kayaku 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.


Nippon Kayaku Co's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Kayaku Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Nippon Kayaku 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1254.50/1078.99
=1.16

* 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.

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

For example, Nippon Kayaku Co'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)
=311.84/106.8000*106.8000
=311.840

Current CPI (Dec. 2023) = 106.8000.

Nippon Kayaku Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 229.484 95.700 256.101
201406 217.027 98.000 236.515
201409 213.569 98.500 231.565
201412 222.903 97.900 243.167
201503 238.864 97.900 260.579
201506 219.872 98.400 238.642
201509 222.639 98.500 241.399
201512 226.823 98.100 246.939
201603 236.031 97.900 257.488
201606 224.488 98.100 244.397
201609 218.644 98.000 238.277
201612 236.793 98.400 257.007
201703 238.086 98.100 259.201
201706 236.089 98.500 255.983
201709 239.366 98.800 258.748
201712 245.200 99.400 263.454
201803 248.825 99.200 267.888
201806 245.362 99.200 264.160
201809 244.558 99.900 261.449
201812 254.365 99.700 272.479
201903 252.539 99.700 270.523
201906 247.730 99.800 265.106
201909 246.573 100.100 263.077
201912 267.373 100.500 284.134
202003 252.743 100.300 269.122
202006 215.612 99.900 230.504
202009 255.823 99.900 273.492
202012 264.277 99.300 284.237
202103 279.284 99.900 298.574
202106 272.330 99.500 292.310
202109 251.221 100.100 268.036
202112 292.700 100.100 312.291
202203 277.188 101.100 292.816
202206 287.003 101.800 301.099
202209 323.290 103.100 334.892
202212 302.929 104.100 310.786
202303 269.139 104.400 275.326
202306 292.855 105.200 297.309
202309 297.292 106.200 298.972
202312 311.840 106.800 311.840

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.


Nippon Kayaku Co  (TSE:4272) 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.


Nippon Kayaku Co Cyclically Adjusted PS Ratio Related Terms

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


Nippon Kayaku Co (TSE:4272) Business Description

Traded in Other Exchanges
Address
1-1, Marunouchi 2-chome, Chiyoda-ku, Meiji Yasuda Seimei Building 19th and 20th Floors, Tokyo, JPN, 100-0005
Nippon Kayaku Co Ltd manufactures and sells a variety of chemicals. The firm organizes itself into four segments based on product type. The functional chemicals segment, which generates more revenue than any other segment, sells epoxy resins used as flame retardants in electronics, colorants and dyes used in inkjet printers and the manufacture of textiles. The pharmaceuticals segment sells anti-cancer drugs, biological drugs, cardiovascular agents, vitamin compounds, and anti-inflammatory agents. The safety systems segment sells airbag inflators and micro gas generators for seatbelt pretensioners to the automotive industry, both of which are used to protect passengers during an accident. The agrochemicals segment sells insecticides and herbicides. The majority of revenue comes from Asia.

Nippon Kayaku Co (TSE:4272) Headlines

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