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Canon (BUE:CAJ) Cyclically Adjusted PS Ratio : (As of Jun. 02, 2024)


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What is Canon Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canon Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Canon'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.

Canon Cyclically Adjusted PS Ratio Chart

Canon 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 0.88 0.59 0.82 0.79 0.96

Canon 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 0.79 0.81 1.03 0.97 0.96

Competitive Comparison of Canon's Cyclically Adjusted PS Ratio

For the Computer Hardware subindustry, Canon'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.


Canon's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Canon's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Canon 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.

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

For example, Canon'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)
=5746.354/106.8000*106.8000
=5,746.354

Current CPI (Dec. 2023) = 106.8000.

Canon Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 119.005 95.700 132.808
201406 132.522 98.000 144.422
201409 123.615 98.500 134.031
201412 138.342 97.900 150.919
201503 115.048 97.900 125.507
201506 131.057 98.400 142.245
201509 132.680 98.500 143.860
201512 203.184 98.100 221.203
201603 188.807 97.900 205.971
201606 209.056 98.100 227.596
201609 209.036 98.000 227.807
201612 241.564 98.400 262.185
201703 243.237 98.100 264.808
201706 270.961 98.500 293.793
201709 291.392 98.800 314.986
201712 350.652 99.400 376.757
201803 338.107 99.200 364.010
201806 422.380 99.200 454.740
201809 563.328 99.900 602.237
201812 658.735 99.700 705.646
201903 563.123 99.700 603.225
201906 698.735 99.800 747.744
201909 849.944 100.100 906.833
201912 981.336 100.500 1,042.853
202003 851.668 100.300 906.861
202006 819.276 99.900 875.863
202009 1,020.191 99.900 1,090.655
202012 1,417.260 99.300 1,524.304
202103 1,335.360 99.900 1,427.592
202106 1,450.901 99.500 1,557.349
202109 1,414.385 100.100 1,509.054
202112 1,620.878 100.100 1,729.368
202203 1,522.595 101.100 1,608.439
202206 1,727.547 101.800 1,812.397
202209 1,887.759 103.100 1,955.506
202212 2,827.127 104.100 2,900.453
202303 2,826.707 104.400 2,891.689
202306 3,413.581 105.200 3,465.499
202309 4,779.384 106.200 4,806.386
202312 5,746.354 106.800 5,746.354

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.


Canon  (BUE:CAJ) 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.


Canon Cyclically Adjusted PS Ratio Related Terms

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


Canon (BUE:CAJ) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Canon Inc (BUE:CAJ) » Definitions » Cyclically Adjusted PS Ratio
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30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo, JPN, 146-8501
Canon Inc designs, manufactures and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates four major business segments: printing, imaging, medical, industrial, and others. It generates maximum revenue from the printing segment. Printing Business Unit includes Office multifunction devices (MFDs), Document solutions, Laser multifunction printers (MFPs), Laser printers, Inkjet printers, Image scanners, Calculators, Digital continuous feed presses, Digital sheet-fed presses, and Large format printers.

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