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Ajinomoto Co (TSE:2802) Cyclically Adjusted Revenue per Share : 円2,229.73 (As of Mar. 2024)


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What is Ajinomoto 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.

Ajinomoto Co's adjusted revenue per share for the three months ended in Mar. 2024 was 円721.354. 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2,229.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ajinomoto Co's average Cyclically Adjusted Revenue Growth Rate was 7.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.90% 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 Ajinomoto Co was 6.10% per year. The lowest was 1.40% per year. And the median was 2.00% per year.

As of today (2024-05-28), Ajinomoto Co's current stock price is 円5973.00. Ajinomoto Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円2,229.73. Ajinomoto Co's Cyclically Adjusted PS Ratio of today is 2.68.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ajinomoto Co was 2.91. The lowest was 0.90. And the median was 1.29.


Ajinomoto Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Ajinomoto 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.

Ajinomoto Co Cyclically Adjusted Revenue per Share Chart

Ajinomoto Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,860.62 1,866.24 1,914.50 2,069.66 2,229.73

Ajinomoto 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 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 2,069.66 2,108.53 2,152.87 2,193.53 2,229.73

Competitive Comparison of Ajinomoto Co's Cyclically Adjusted Revenue per Share

For the Packaged Foods subindustry, Ajinomoto 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.


Ajinomoto Co's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ajinomoto Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Ajinomoto 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, Ajinomoto 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)
=721.354/107.2000*107.2000
=721.354

Current CPI (Mar. 2024) = 107.2000.

Ajinomoto Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 384.231 98.000 420.302
201409 405.522 98.500 441.340
201412 445.741 97.900 488.084
201503 464.976 97.900 509.146
201506 493.212 98.400 537.320
201509 503.035 98.500 547.466
201512 528.916 98.100 577.980
201603 424.289 97.900 464.594
201606 455.000 98.100 497.207
201609 455.653 98.000 498.429
201612 508.068 98.400 553.505
201703 491.012 98.100 536.559
201706 454.443 98.500 494.582
201709 474.574 98.800 514.922
201712 534.783 99.400 576.748
201803 497.155 99.200 537.248
201806 480.411 99.200 519.154
201809 497.327 99.900 533.668
201812 547.326 99.700 588.499
201903 488.126 99.700 524.846
201906 481.181 99.800 516.860
201909 489.998 100.100 524.753
201912 529.308 100.500 564.595
202003 506.426 100.300 541.265
202006 452.007 99.900 485.037
202009 480.317 99.900 515.415
202012 516.965 99.300 558.093
202103 504.126 99.900 540.964
202106 503.810 99.500 542.798
202109 501.052 100.100 536.591
202112 562.049 100.100 601.915
202203 549.494 101.100 582.648
202206 599.549 101.800 631.352
202209 630.451 103.100 655.522
202212 685.383 104.100 705.793
202303 626.753 104.400 643.562
202306 645.489 105.200 657.761
202309 669.719 106.200 676.025
202312 730.668 106.800 733.405
202403 721.354 107.200 721.354

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


Ajinomoto Co  (TSE:2802) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5973.00/2229.73
=2.68

* 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 Ajinomoto Co was 2.91. The lowest was 0.90. And the median was 1.29.


Be Aware

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


Ajinomoto Co Cyclically Adjusted Revenue per Share Related Terms

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


Ajinomoto Co (TSE:2802) Business Description

Traded in Other Exchanges
Address
15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, JPN, 104-8315
Ajinomoto is Japan's leading food company specializing in amino acids and seasonings derived from amino acid fermentation technologies. It also produces processed foods including dry soup mixes, frozen foods, and beverage products. Apart from the consumer business, it is a key supplier of MSG and nucleotides to global food manufacturers including Nestle. The food business represents nearly three fourths of group sales and 80%-plus of profits with nearly two thirds generated overseas. Healthcare and function materials (mainly Ajinomoto build-up film, or ABF), the key growth drivers through 2030, make up the balance of its business portfolio. The nonfood businesses are expected to contribute half of the group profits by 2030, boosted by ABF and CDMO growth.

Ajinomoto Co (TSE:2802) Headlines

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