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Pilot (TSE:7846) Cyclically Adjusted PS Ratio : 1.61 (As of Apr. 29, 2024)


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What is Pilot Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Pilot's current share price is 円4228.00. Pilot's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円2,620.83. Pilot's Cyclically Adjusted PS Ratio for today is 1.61.

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

TSE:7846' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.29   Med: 1.93   Max: 3.57
Current: 1.61

During the past years, Pilot's highest Cyclically Adjusted PS Ratio was 3.57. The lowest was 1.29. And the median was 1.93.

TSE:7846's Cyclically Adjusted PS Ratio is ranked worse than
54.59% of 2156 companies
in the Industrial Products industry
Industry Median: 1.43 vs TSE:7846: 1.61

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.

Pilot's adjusted revenue per share data for the three months ended in Dec. 2023 was 円769.069. 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2,620.83 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pilot Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Pilot'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.

Pilot Cyclically Adjusted PS Ratio Chart

Pilot Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.12 1.36 1.96 1.96 1.60

Pilot 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 1.96 1.73 1.79 1.99 1.60

Competitive Comparison of Pilot's Cyclically Adjusted PS Ratio

For the Business Equipment & Supplies subindustry, Pilot'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.


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

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

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



Pilot 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4228.00/2620.83
=1.61

* 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.

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

For example, Pilot'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)
=769.069/106.8000*106.8000
=769.069

Current CPI (Dec. 2023) = 106.8000.

Pilot Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 460.815 95.700 514.264
201406 508.607 98.000 554.278
201409 451.987 98.500 490.073
201412 525.416 97.900 573.181
201503 487.519 97.900 531.839
201506 577.442 98.400 626.736
201509 509.431 98.500 552.358
201512 560.542 98.100 610.254
201603 499.171 97.900 544.550
201606 574.636 98.100 625.598
201609 483.925 98.000 527.379
201612 550.467 98.400 597.458
201703 500.545 98.100 544.936
201706 619.769 98.500 671.993
201709 614.747 98.800 664.524
201712 712.354 99.400 765.386
201803 608.042 99.200 654.626
201806 718.360 99.200 773.396
201809 616.444 99.900 659.021
201812 694.782 99.700 744.260
201903 591.410 99.700 633.526
201906 722.898 99.800 773.602
201909 620.196 100.100 661.708
201912 694.909 100.500 738.470
202003 565.855 100.300 602.526
202006 533.313 99.900 570.148
202009 516.175 99.900 551.827
202012 592.779 99.300 637.551
202103 577.897 99.900 617.812
202106 700.715 99.500 752.124
202109 640.931 100.100 683.830
202112 693.279 100.100 739.682
202203 664.968 101.100 702.459
202206 792.162 101.800 831.070
202209 674.973 103.100 699.196
202212 728.637 104.100 747.535
202303 694.745 104.400 710.716
202306 861.746 105.200 874.852
202309 680.600 106.200 684.445
202312 769.069 106.800 769.069

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.


Pilot  (TSE:7846) 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.


Pilot Cyclically Adjusted PS Ratio Related Terms

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


Pilot (TSE:7846) Business Description

Traded in Other Exchanges
Address
2-6-21 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8304
Pilot Corp is a Japanese company that manufactures, purchases, and distributes stationery items including writing instruments, other stationery products and toys, and relevant services. The company operates through four segments: Japan, the Americas, Europe, and Asia. The Japan segment distributes products through direct sales to retail stores in Japan, and this segment contributes the largest proportion of total group revenue. The Americas segment is mainly engaged in the manufacture and sales of ball pens in the United States, Mexico and Brazil. The Europe segment operates in Sweden, the United Kingdom, Germany, France, and others. The Asia segment provides writing materials in Taiwan, mainland China, Hong Kong, Indonesia, Malaysia, and Singapore.

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