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SPARX Group Co (TSE:8739) Cyclically Adjusted Revenue per Share : 円306.87 (As of Dec. 2023)


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What is SPARX Group Co Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

SPARX Group Co's adjusted revenue per share for the three months ended in Dec. 2023 was 円95.871. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is 円306.87 for the trailing ten years ended in Dec. 2023.

During the past 12 months, SPARX Group Co's average Cyclically Adjusted Revenue Growth Rate was 9.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of SPARX Group Co was 10.50% per year. The lowest was 7.20% per year. And the median was 8.30% per year.

As of today (2024-04-29), SPARX Group Co's current stock price is 円1846.00. SPARX Group Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円306.87. SPARX Group Co's Cyclically Adjusted PS Ratio of today is 6.02.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of SPARX Group Co was 10.54. The lowest was 3.77. And the median was 5.81.


SPARX Group Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for SPARX Group Co's Cyclically Adjusted Revenue per Share 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.

SPARX Group Co Cyclically Adjusted Revenue per Share Chart

SPARX Group Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 201.92 213.68 230.07 256.48 288.18

SPARX Group Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Revenue per Share 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 281.58 288.18 294.82 303.58 306.87

Competitive Comparison of SPARX Group Co's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, SPARX Group 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.


SPARX Group Co's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, SPARX Group Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



SPARX Group Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, SPARX Group 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)
=95.871/106.8000*106.8000
=95.871

Current CPI (Dec. 2023) = 106.8000.

SPARX Group Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 33.690 95.700 37.598
201406 31.827 98.000 34.685
201409 37.514 98.500 40.675
201412 52.749 97.900 57.544
201503 40.379 97.900 44.050
201506 53.404 98.400 57.963
201509 54.078 98.500 58.635
201512 54.554 98.100 59.392
201603 51.333 97.900 56.000
201606 46.226 98.100 50.326
201609 50.834 98.000 55.399
201612 62.784 98.400 68.144
201703 59.215 98.100 64.466
201706 55.630 98.500 60.318
201709 75.228 98.800 81.319
201712 119.459 99.400 128.352
201803 77.932 99.200 83.903
201806 63.925 99.200 68.822
201809 66.806 99.900 71.420
201812 69.836 99.700 74.809
201903 78.501 99.700 84.091
201906 79.120 99.800 84.669
201909 69.914 100.100 74.594
201912 88.697 100.500 94.257
202003 73.532 100.300 78.297
202006 67.779 99.900 72.460
202009 83.091 99.900 88.830
202012 105.635 99.300 113.613
202103 101.131 99.900 108.116
202106 82.630 99.500 88.692
202109 86.803 100.100 92.613
202112 95.808 100.100 102.221
202203 86.250 101.100 91.113
202206 84.202 101.800 88.338
202209 83.809 103.100 86.817
202212 80.244 104.100 82.325
202303 84.993 104.400 86.947
202306 93.836 105.200 95.263
202309 105.168 106.200 105.762
202312 95.871 106.800 95.871

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


SPARX Group Co  (TSE:8739) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

SPARX Group Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1846.00/306.87
=6.02

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of SPARX Group Co was 10.54. The lowest was 3.77. And the median was 5.81.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


SPARX Group Co Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of SPARX Group Co's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


SPARX Group Co (TSE:8739) Business Description

Industry
Traded in Other Exchanges
Address
1-2-70 Konan, Shinagawa Season Terrace, 6th Floor, Minato-ku, Tokyo, JPN, 108 0075
SPARX Group Co Ltd is a Japan-based holding company engaged in the Asset Management Business and Investment Advisory Business, through its subsidiaries. It operates a variety of investment strategies through a host of entities. The group invests on behalf of corporate pension annuities, government entities, private and trust banks, and public pension funds. Strategies include Japanese equity, Asia ex-Japan alternatives, and Korean strategies. In addition to mutual fund offerings, the company offers advisory services to customers in Japan. Mutual fund offerings are offered directly or through brokerage houses, banks, and other intermediaries globally.

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