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Nabtesco (TSE:6268) Cyclically Adjusted PS Ratio : (As of May. 16, 2024)


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What is Nabtesco Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nabtesco Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Nabtesco'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.

Nabtesco Cyclically Adjusted PS Ratio Chart

Nabtesco Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.72 2.30 1.65 1.49 1.19

Nabtesco 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 1.42 1.35 1.13 1.19 -

Competitive Comparison of Nabtesco's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, Nabtesco'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.


Nabtesco's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nabtesco's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Nabtesco 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.

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

For example, Nabtesco'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)
=601.238/107.2000*107.2000
=601.238

Current CPI (Mar. 2024) = 107.2000.

Nabtesco Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 406.759 98.000 444.945
201409 427.184 98.500 464.915
201412 420.059 97.900 459.962
201503 478.657 97.900 524.127
201506 560.717 98.400 610.862
201509 468.516 98.500 509.898
201512 467.731 98.100 511.119
201603 460.821 97.900 504.597
201606 482.960 98.100 527.761
201609 485.560 98.000 531.143
201612 551.016 98.400 600.294
201703 518.311 98.100 566.391
201706 561.143 98.500 610.706
201709 562.745 98.800 610.590
201712 643.889 99.400 694.416
201803 580.457 99.200 627.268
201806 569.106 99.200 615.002
201809 550.248 99.900 590.456
201812 674.196 99.700 724.913
201903 566.513 99.700 609.129
201906 580.114 99.800 623.128
201909 556.767 100.100 596.258
201912 630.855 100.500 672.912
202003 552.740 100.300 590.765
202006 546.585 99.900 586.526
202009 509.816 99.900 547.070
202012 640.306 99.300 691.247
202103 582.779 99.900 625.364
202106 608.743 99.500 655.852
202109 570.195 100.100 610.638
202112 713.109 100.100 763.689
202203 586.648 101.100 622.044
202206 598.403 101.800 630.145
202209 639.336 103.100 664.761
202212 747.668 104.100 769.933
202303 684.799 104.400 703.165
202306 673.097 105.200 685.894
202309 671.256 106.200 677.577
202312 749.935 106.800 752.744
202403 601.238 107.200 601.238

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.


Nabtesco  (TSE:6268) 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.


Nabtesco Cyclically Adjusted PS Ratio Related Terms

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


Nabtesco (TSE:6268) Business Description

Traded in Other Exchanges
Address
JA Kyosai Bldg., 7-9, Hirakawacho 2-chome, Chiyoda-ku, Tokyo, JPN, 102-0093
Nabtesco manufactures and sells motion control technology-based components and equipment to various industries. Its four main segments include: component solutions, transport solutions, accessibility solutions, and manufacturing solutions. The company has the leading global share with its precision reduction gears for industrial robots, as well as the top share in Japan with its key products for other segments, and it has a long-term record of supplying its products to major players in their respective industries, such as Fanuc, Boeing, Komatsu, and Japan Railways. The company was established in 2003 as a result of the merger of Teijin Seiki and Nabco, and is headquartered in Tokyo.

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