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Kakao (XKRX:035720) Cyclically Adjusted PS Ratio : 5.49 (As of Apr. 28, 2024)


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What is Kakao Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Kakao's current share price is ₩47300.00. Kakao's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ₩8,614.11. Kakao's Cyclically Adjusted PS Ratio for today is 5.49.

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

XKRX:035720' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.14   Med: 6.37   Max: 29.2
Current: 5.49

During the past years, Kakao's highest Cyclically Adjusted PS Ratio was 29.20. The lowest was 3.14. And the median was 6.37.

XKRX:035720's Cyclically Adjusted PS Ratio is ranked worse than
82.53% of 292 companies
in the Interactive Media industry
Industry Median: 1.525 vs XKRX:035720: 5.49

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.

Kakao's adjusted revenue per share data for the three months ended in Dec. 2023 was ₩3,684.835. 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 ₩8,614.11 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kakao Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Kakao'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.

Kakao Cyclically Adjusted PS Ratio Chart

Kakao 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 5.49 14.48 18.83 7.55 6.30

Kakao 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 7.55 8.38 6.50 5.53 6.30

Competitive Comparison of Kakao's Cyclically Adjusted PS Ratio

For the Internet Content & Information subindustry, Kakao'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.


Kakao's Cyclically Adjusted PS Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kakao's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Kakao 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=47300.00/8614.11
=5.49

* 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.

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

For example, Kakao'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)
=3684.835/118.8477*118.8477
=3,684.835

Current CPI (Dec. 2023) = 118.8477.

Kakao Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 283.187 99.253 339.094
201406 366.694 99.353 438.645
201409 374.668 99.608 447.037
201412 889.936 99.098 1,067.295
201503 3,805.799 99.720 4,535.805
201506 742.614 100.050 882.139
201509 752.059 100.110 892.823
201512 773.839 100.220 917.671
201603 780.329 100.560 922.239
201606 1,082.621 100.790 1,276.585
201609 1,115.040 101.460 1,306.130
201612 1,309.913 101.560 1,532.888
201703 1,267.379 102.850 1,464.512
201706 1,342.732 102.610 1,555.215
201709 1,472.843 103.490 1,691.410
201712 1,554.545 102.990 1,793.903
201803 1,459.338 104.100 1,666.080
201806 1,507.095 104.130 1,720.107
201809 1,469.875 105.650 1,653.490
201812 1,701.293 104.350 1,937.659
201903 1,776.578 104.490 2,020.693
201906 1,818.653 104.880 2,060.857
201909 1,920.097 105.200 2,169.193
201912 2,092.279 105.120 2,365.511
202003 2,071.713 105.540 2,332.938
202006 443.151 104.870 502.217
202009 509.119 106.200 569.752
202012 513.488 105.765 577.002
202103 577.057 107.357 638.820
202106 3,058.773 107.579 3,379.186
202109 3,925.635 108.759 4,289.777
202112 3,525.361 109.676 3,820.157
202203 3,728.938 111.806 3,963.799
202206 4,123.696 114.083 4,295.931
202209 4,212.602 114.831 4,359.944
202212 3,309.286 115.200 3,414.066
202303 3,956.229 116.550 4,034.237
202306 4,646.372 117.140 4,714.112
202309 4,918.182 119.111 4,907.302
202312 3,684.835 118.848 3,684.835

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.


Kakao  (XKRX:035720) 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.


Kakao Cyclically Adjusted PS Ratio Related Terms

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


Kakao (XKRX:035720) Business Description

Traded in Other Exchanges
N/A
Address
242, Cheomdan-ro, Jeju-si, Jeju, KOR
Kakao operates the largest mobile messaging app in South Korea, Kakao Talk. The company aims to help its users connect with everything and has been expanding its content and services through self-development and mergers and acquisitions. Kakao merged with the second- largest Internet search portal, Daum, in 2014, and it acquired leading music streaming service provider Loen Entertainment in 2016.

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