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Tokio Marine Holdings (TSE:8766) Cyclically Adjusted PS Ratio : 1.84 (As of Apr. 27, 2024)


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What is Tokio Marine Holdings Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Tokio Marine Holdings's current share price is 円4902.00. Tokio Marine Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円2,667.83. Tokio Marine Holdings's Cyclically Adjusted PS Ratio for today is 1.84.

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

TSE:8766' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.68   Med: 0.98   Max: 1.8
Current: 1.74

During the past years, Tokio Marine Holdings's highest Cyclically Adjusted PS Ratio was 1.80. The lowest was 0.68. And the median was 0.98.

TSE:8766's Cyclically Adjusted PS Ratio is ranked worse than
75% of 404 companies
in the Insurance industry
Industry Median: 0.975 vs TSE:8766: 1.74

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.

Tokio Marine Holdings's adjusted revenue per share data for the three months ended in Dec. 2023 was 円924.054. 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2,667.83 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokio Marine Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tokio Marine 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.

Tokio Marine Holdings Cyclically Adjusted PS Ratio Chart

Tokio Marine 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 0.95 0.83 0.84 1.06 1.03

Tokio Marine 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 1.16 1.03 1.31 1.33 1.32

Competitive Comparison of Tokio Marine Holdings's Cyclically Adjusted PS Ratio

For the Insurance - Property & Casualty subindustry, Tokio Marine 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.


Tokio Marine Holdings's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tokio Marine Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Tokio Marine 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.

Tokio Marine Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4902.00/2667.83
=1.84

* 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.

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

For example, Tokio Marine 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)
=924.054/106.8000*106.8000
=924.054

Current CPI (Dec. 2023) = 106.8000.

Tokio Marine Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 464.596 95.700 518.483
201406 442.575 98.000 482.316
201409 413.536 98.500 448.382
201412 390.573 97.900 426.080
201503 496.571 97.900 541.714
201506 448.705 98.400 487.009
201509 487.125 98.500 528.172
201512 491.776 98.100 535.389
201603 540.621 97.900 589.768
201606 572.371 98.100 623.132
201609 525.435 98.000 572.617
201612 506.836 98.400 550.102
201703 658.481 98.100 716.878
201706 577.522 98.500 626.186
201709 561.518 98.800 606.985
201712 583.073 99.400 626.481
201803 650.948 99.200 700.819
201806 621.818 99.200 669.457
201809 610.119 99.900 652.259
201812 606.471 99.700 649.660
201903 659.682 99.700 706.660
201906 637.446 99.800 682.157
201909 619.043 100.100 660.477
201912 612.044 100.500 650.411
202003 678.578 100.300 722.554
202006 598.434 99.900 639.767
202009 633.660 99.900 677.426
202012 623.949 99.300 671.075
202103 687.724 99.900 735.224
202106 667.960 99.500 716.966
202109 670.356 100.100 715.225
202112 687.058 100.100 733.045
202203 771.822 101.100 815.337
202206 703.871 101.800 738.442
202209 786.407 103.100 814.629
202212 867.464 104.100 889.963
202303 849.648 104.400 869.180
202306 831.212 105.200 843.854
202309 914.775 106.200 919.943
202312 924.054 106.800 924.054

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.


Tokio Marine Holdings  (TSE:8766) 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.


Tokio Marine Holdings Cyclically Adjusted PS Ratio Related Terms

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


Tokio Marine Holdings (TSE:8766) Business Description

Traded in Other Exchanges
Address
Tokio Marine Nichido Building Shinkan, 2-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Dating back to 1879, Tokio Marine is Japan's oldest insurance company and was its top property and casualty insurer in terms of market share for many decades. After mergers of its smaller rivals in the past few years, the company is now roughly the same size in the domestic nonlife market as MS&AD and Sompo Holdings, but it remains the most valuable listed Japanese insurer in terms of market capitalization due to its larger overseas business portfolio. The majority of its overseas business is in the U.S., where it has purchased four specialty insurers since 2008: Philadelphia Consolidated, Delphi Financial, HCC, and PURE. It is a member of the Mitsubishi keiretsu group and holds minority stakes in a number of group companies that also rank among its shareholders.

Tokio Marine Holdings (TSE:8766) Headlines

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