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Daito Trust Construction Co (TSE:1878) Cyclically Adjusted PS Ratio : 0.72 (As of Jun. 02, 2024)


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What is Daito Trust Construction Co Cyclically Adjusted PS Ratio?

As of today (2024-06-02), Daito Trust Construction Co's current share price is 円16600.00. Daito Trust Construction Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円22,910.90. Daito Trust Construction Co's Cyclically Adjusted PS Ratio for today is 0.72.

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

TSE:1878' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.71   Max: 1.56
Current: 0.72

During the past years, Daito Trust Construction Co's highest Cyclically Adjusted PS Ratio was 1.56. The lowest was 0.44. And the median was 0.71.

TSE:1878's Cyclically Adjusted PS Ratio is ranked better than
71.55% of 1371 companies
in the Real Estate industry
Industry Median: 1.72 vs TSE:1878: 0.72

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.

Daito Trust Construction Co's adjusted revenue per share data for the three months ended in Mar. 2024 was 円7,047.570. 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22,910.90 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daito Trust Construction Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Daito Trust Construction 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.

Daito Trust Construction Co Cyclically Adjusted PS Ratio Chart

Daito Trust Construction 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 0.56 0.68 0.65 0.61 0.76

Daito Trust Construction 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 0.61 0.67 0.71 0.72 0.76

Competitive Comparison of Daito Trust Construction Co's Cyclically Adjusted PS Ratio

For the Real Estate - Diversified subindustry, Daito Trust Construction 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.


Daito Trust Construction Co's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Daito Trust Construction Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Daito Trust Construction Co's Cyclically Adjusted PS Ratio falls into.



Daito Trust Construction 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.

Daito Trust Construction Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=16600.00/22910.9
=0.72

* 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.

Daito Trust Construction Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Daito Trust Construction Co's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=7047.57/107.2000*107.2000
=7,047.570

Current CPI (Mar. 2024) = 107.2000.

Daito Trust Construction Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3,958.380 98.000 4,329.983
201409 4,332.362 98.500 4,715.017
201412 4,228.089 97.900 4,629.736
201503 4,601.264 97.900 5,038.361
201506 4,268.168 98.400 4,649.874
201509 4,634.498 98.500 5,043.839
201512 4,521.857 98.100 4,941.316
201603 4,675.938 97.900 5,120.128
201606 4,482.832 98.100 4,898.671
201609 5,123.826 98.000 5,604.838
201612 4,788.555 98.400 5,216.800
201703 5,139.031 98.100 5,615.740
201706 4,965.797 98.500 5,404.400
201709 5,367.501 98.800 5,823.847
201712 5,007.221 99.400 5,400.142
201803 5,305.891 99.200 5,733.785
201806 5,073.153 99.200 5,482.278
201809 5,639.897 99.900 6,052.022
201812 5,066.106 99.700 5,447.207
201903 5,660.972 99.700 6,086.822
201906 5,159.628 99.800 5,542.206
201909 5,856.423 100.100 6,271.814
201912 5,493.883 100.500 5,860.142
202003 6,430.656 100.300 6,873.044
202006 5,184.977 99.900 5,563.859
202009 5,518.657 99.900 5,921.922
202012 5,447.575 99.300 5,880.967
202103 5,575.018 99.900 5,982.402
202106 5,487.068 99.500 5,911.695
202109 5,986.410 100.100 6,411.020
202112 5,776.749 100.100 6,186.488
202203 5,977.994 101.100 6,338.684
202206 5,776.716 101.800 6,083.143
202209 6,020.261 103.100 6,259.670
202212 5,955.592 104.100 6,132.944
202303 6,530.231 104.400 6,705.371
202306 5,972.235 105.200 6,085.776
202309 6,275.606 106.200 6,334.698
202312 6,456.468 106.800 6,480.650
202403 7,047.570 107.200 7,047.570

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.


Daito Trust Construction Co  (TSE:1878) 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.


Daito Trust Construction Co Cyclically Adjusted PS Ratio Related Terms

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Daito Trust Construction Co (TSE:1878) Business Description

Traded in Other Exchanges
Address
2-16-1, Konan, Minato-ku, Tokyo, JPN, 108-8211
Daito Trust Construction Co Ltd engages in the design and construction of apartments, condominiums, rental office buildings, factories, and warehouses. Additional activities include tenant recruiting, building maintenance, and contracting arrangements. A Lease Management Trust System sits at the center of Daito's operations. Under this system, business is divided between the construction business and the real estate business. The company plans and proposes building rental businesses to landowners, and then designs and constructs the contracted rental buildings. Daito also recruits tenants for its constructed rental buildings and provides property management and operation services for the buildings.

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