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Yamaha (TSE:7951) Cyclically Adjusted PS Ratio : 1.36 (As of May. 16, 2024)


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What is Yamaha Cyclically Adjusted PS Ratio?

As of today (2024-05-16), Yamaha's current share price is 円3501.00. Yamaha's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円2,577.36. Yamaha's Cyclically Adjusted PS Ratio for today is 1.36.

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

TSE:7951' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.22   Med: 2.2   Max: 3.34
Current: 1.34

During the past years, Yamaha's highest Cyclically Adjusted PS Ratio was 3.34. The lowest was 1.22. And the median was 2.20.

TSE:7951's Cyclically Adjusted PS Ratio is ranked better than
55.71% of 639 companies
in the Travel & Leisure industry
Industry Median: 1.47 vs TSE:7951: 1.34

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.

Yamaha's adjusted revenue per share data for the three months ended in Mar. 2024 was 円722.435. 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2,577.36 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yamaha Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Yamaha'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.

Yamaha Cyclically Adjusted PS Ratio Chart

Yamaha Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.91 2.71 2.29 2.06 1.26

Yamaha 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 2.06 2.20 1.61 1.28 1.26

Competitive Comparison of Yamaha's Cyclically Adjusted PS Ratio

For the Leisure subindustry, Yamaha'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.


Yamaha's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Yamaha's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Yamaha 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3501.00/2577.36
=1.36

* 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.

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

For example, Yamaha'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)
=722.435/107.2000*107.2000
=722.435

Current CPI (Mar. 2024) = 107.2000.

Yamaha Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 514.399 98.000 562.690
201409 551.524 98.500 600.237
201412 603.506 97.900 660.836
201503 562.585 97.900 616.028
201506 545.044 98.400 593.788
201509 578.022 98.500 629.076
201512 611.014 98.100 667.693
201603 519.405 97.900 568.746
201606 524.381 98.100 573.024
201609 535.120 98.000 585.356
201612 579.750 98.400 631.598
201703 533.162 98.100 582.619
201706 540.185 98.500 587.897
201709 578.945 98.800 628.167
201712 635.970 99.400 685.875
201803 568.203 99.200 614.026
201806 574.571 99.200 620.907
201809 598.281 99.900 641.999
201812 651.282 99.700 700.275
201903 567.640 99.700 610.341
201906 556.993 99.800 598.293
201909 611.171 100.100 654.521
201912 641.141 100.500 683.884
202003 519.675 100.300 555.425
202006 408.312 99.900 438.149
202009 529.099 99.900 567.762
202012 611.488 99.300 660.136
202103 570.685 99.900 612.387
202106 582.856 99.500 627.961
202109 1,138.216 100.100 1,218.949
202112 603.736 100.100 646.558
202203 616.457 101.100 653.652
202206 617.173 101.800 649.911
202209 653.153 103.100 679.127
202212 700.298 104.100 721.152
202303 661.386 104.400 679.124
202306 626.237 105.200 638.143
202309 672.038 106.200 678.366
202312 723.748 106.800 726.459
202403 722.435 107.200 722.435

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.


Yamaha  (TSE:7951) 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.


Yamaha Cyclically Adjusted PS Ratio Related Terms

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


Yamaha (TSE:7951) Business Description

Traded in Other Exchanges
Address
10-1, Nakazawa-cho, Naka-ku, Shizuoka, Hamamatsu, JPN, 430-8650
Yamaha is a Japanese manufacturer of musical instruments and audio equipment. The company organises itself into four segments, based on product type: musical instruments, audio equipment, electronic devices, and other. Sales in the musical instruments and audio equipment segments constitute the vast majority of consolidated revenue. The musical instruments segment, which contributes more than half of company revenue, includes pianos, wind, string, percussion, and digital music instruments, and music schools. Audio equipment includes AV receivers, amplifiers, speakers, commercial karaoke equipment, and conference systems. The company derives around a third of its revenue domestically, with North America, Europe, and China the next most significant geographies.

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