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Matsui Securities Co (TSE:8628) Cyclically Adjusted PS Ratio : 6.51 (As of Apr. 30, 2024)


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What is Matsui Securities Co Cyclically Adjusted PS Ratio?

As of today (2024-04-30), Matsui Securities Co's current share price is 円813.00. Matsui Securities Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円124.95. Matsui Securities Co's Cyclically Adjusted PS Ratio for today is 6.51.

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

TSE:8628' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.68   Med: 7.68   Max: 11.81
Current: 6.51

During the past years, Matsui Securities Co's highest Cyclically Adjusted PS Ratio was 11.81. The lowest was 5.68. And the median was 7.68.

TSE:8628's Cyclically Adjusted PS Ratio is ranked worse than
71.08% of 581 companies
in the Capital Markets industry
Industry Median: 3.03 vs TSE:8628: 6.51

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.

Matsui Securities Co's adjusted revenue per share data for the three months ended in Dec. 2023 was 円33.282. 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124.95 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Matsui Securities Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Matsui Securities 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.

Matsui Securities Co Cyclically Adjusted PS Ratio Chart

Matsui Securities Co 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 7.29 8.04 6.78 6.24 -

Matsui Securities Co 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 6.24 6.40 6.58 5.86 -

Competitive Comparison of Matsui Securities Co's Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, Matsui Securities 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.


Matsui Securities Co's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Matsui Securities Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Matsui Securities 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.

Matsui Securities Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=813.00/124.95
=6.51

* 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.

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

For example, Matsui Securities 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)
=33.282/106.8000*106.8000
=33.282

Current CPI (Dec. 2023) = 106.8000.

Matsui Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 32.100 95.700 35.823
201406 28.427 98.000 30.980
201409 32.735 98.500 35.493
201412 38.172 97.900 41.642
201503 40.562 97.900 44.249
201506 35.103 98.400 38.100
201509 38.157 98.500 41.372
201512 30.304 98.100 32.992
201603 29.255 97.900 31.915
201606 28.300 98.100 30.810
201609 23.511 98.000 25.622
201612 25.863 98.400 28.071
201703 25.925 98.100 28.224
201706 27.038 98.500 29.316
201709 27.099 98.800 29.293
201712 31.987 99.400 34.368
201803 32.920 99.200 35.442
201806 28.103 99.200 30.256
201809 25.816 99.900 27.599
201812 26.447 99.700 28.330
201903 21.344 99.700 22.864
201906 20.276 99.800 21.698
201909 20.374 100.100 21.738
201912 21.646 100.500 23.003
202003 24.488 100.300 26.075
202006 26.761 99.900 28.609
202009 33.469 99.900 35.781
202012 27.483 99.300 29.559
202103 31.842 99.900 34.041
202106 38.147 99.500 40.946
202109 29.430 100.100 31.400
202112 29.523 100.100 31.499
202203 27.602 101.100 29.158
202206 26.761 101.800 28.075
202209 27.521 103.100 28.509
202212 28.321 104.100 29.056
202303 27.893 104.400 28.534
202306 31.994 105.200 32.481
202309 33.136 106.200 33.323
202312 33.282 106.800 33.282

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.


Matsui Securities Co  (TSE:8628) 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.


Matsui Securities Co Cyclically Adjusted PS Ratio Related Terms

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


Matsui Securities Co (TSE:8628) Business Description

Traded in Other Exchanges
Address
1-4, Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-8516
Matsui Securities Co Ltd is a Japanese online securities broker that provides services and trading platform for retail investors. The company's services include cash, margin, futures, and foreign exchange trading. Brokerage commissions and net interest income account for most of Matsui's operating revenue. The company generates the brokerage commissions through equity (cash and margin), futures and options, and foreign exchange transactions. The commissions on equity transactions account for the vast majority of brokerage commission revenue. Net interest income stems from margin and securities lending transaction revenue deducting interest expenses on margin transactions.

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