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Dai-ichi Life Holdings (TSE:8750) Cyclically Adjusted PS Ratio : 0.52 (As of Apr. 28, 2024)


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What is Dai-ichi Life Holdings Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Dai-ichi Life Holdings's current share price is 円3611.00. Dai-ichi Life Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円6,980.60. Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio for today is 0.52.

The historical rank and industry rank for Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSE:8750' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.37   Max: 0.56
Current: 0.52

During the past years, Dai-ichi Life Holdings's highest Cyclically Adjusted PS Ratio was 0.56. The lowest was 0.19. And the median was 0.37.

TSE:8750's Cyclically Adjusted PS Ratio is ranked better than
75.5% of 404 companies
in the Insurance industry
Industry Median: 0.975 vs TSE:8750: 0.52

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.

Dai-ichi Life Holdings's adjusted revenue per share data for the three months ended in Dec. 2023 was 円2,188.156. 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6,980.60 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dai-ichi Life Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Dai-ichi Life Holdings'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.

Dai-ichi Life Holdings Cyclically Adjusted PS Ratio Chart

Dai-ichi Life Holdings 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 0.28 0.23 0.33 0.41 0.37

Dai-ichi Life Holdings 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 0.46 0.37 0.41 0.45 0.43

Competitive Comparison of Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio

For the Insurance - Life subindustry, Dai-ichi Life Holdings'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.


Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio falls into.



Dai-ichi Life Holdings 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.

Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3611.00/6980.6
=0.52

* 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.

Dai-ichi Life Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Dai-ichi Life Holdings'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)
=2188.156/106.8000*106.8000
=2,188.156

Current CPI (Dec. 2023) = 106.8000.

Dai-ichi Life Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1,529.899 95.700 1,707.348
201406 1,634.307 98.000 1,781.061
201409 1,506.812 98.500 1,633.782
201412 1,550.566 97.900 1,691.527
201503 1,541.807 97.900 1,681.971
201506 1,538.264 98.400 1,669.579
201509 1,233.815 98.500 1,337.781
201512 1,479.433 98.100 1,610.637
201603 1,498.937 97.900 1,635.204
201606 1,073.562 98.100 1,168.771
201609 1,279.749 98.000 1,394.665
201612 1,454.294 98.400 1,578.441
201703 1,400.408 98.100 1,524.603
201706 1,288.563 98.500 1,397.142
201709 1,452.629 98.800 1,570.251
201712 1,530.324 99.400 1,644.252
201803 1,275.661 99.200 1,373.393
201806 1,350.118 99.200 1,453.554
201809 1,590.109 99.900 1,699.936
201812 1,206.485 99.700 1,292.403
201903 1,600.630 99.700 1,714.617
201906 1,382.897 99.800 1,479.894
201909 1,458.119 100.100 1,555.715
201912 1,527.460 100.500 1,623.211
202003 1,173.848 100.300 1,249.920
202006 1,278.449 99.900 1,366.750
202009 1,507.969 99.900 1,612.123
202012 1,564.225 99.300 1,682.369
202103 2,425.698 99.900 2,593.239
202106 1,664.592 99.500 1,786.718
202109 1,590.770 100.100 1,697.245
202112 1,789.813 100.100 1,909.611
202203 2,330.844 101.100 2,462.257
202206 2,432.009 101.800 2,551.459
202209 2,184.709 103.100 2,263.113
202212 1,923.887 104.100 1,973.786
202303 1,735.030 104.400 1,774.916
202306 2,911.983 105.200 2,956.272
202309 2,504.197 106.200 2,518.345
202312 2,188.156 106.800 2,188.156

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.


Dai-ichi Life Holdings  (TSE:8750) 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.


Dai-ichi Life Holdings Cyclically Adjusted PS Ratio Related Terms

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Dai-ichi Life Holdings (TSE:8750) Business Description

Traded in Other Exchanges
Address
13-1, Yurakucho 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8411
Dai-Ichi Life is Japan's second-largest life insurance company excluding recently privatized Japan Post Insurance, with a market share of slightly over 10%. Unlike its largest domestic competitors Nippon Life, Meiji Yasuda, and Sumitomo Life, which remain mutually owned by their policyholders, Dai-Ichi Life demutualized and listed on the Tokyo Stock Exchange in 2010. Its main domestic operating company accounts for around 60% of profits, its Frontier bancassurance subsidiary selling mainly savings products accounts for around 10%, Alabama-based Protective Life accounts for around 15%, TAL in Australia accounts for 7%, and Dai-Ichi Life Vietnam around 5%. Dai-Ichi also holds a 30% economic interest in Mizuho's Asset Management One.

Dai-ichi Life Holdings (TSE:8750) Headlines

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