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Sysmex (FRA:0YX) Cyclically Adjusted PS Ratio : 5.25 (As of Jun. 02, 2024)


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What is Sysmex Cyclically Adjusted PS Ratio?

As of today (2024-06-02), Sysmex's current share price is €16.80. Sysmex's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €3.20. Sysmex's Cyclically Adjusted PS Ratio for today is 5.25.

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

FRA:0YX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.36   Med: 7.25   Max: 12.79
Current: 5.03

During the past years, Sysmex's highest Cyclically Adjusted PS Ratio was 12.79. The lowest was 4.36. And the median was 7.25.

FRA:0YX's Cyclically Adjusted PS Ratio is ranked worse than
70.04% of 474 companies
in the Medical Devices & Instruments industry
Industry Median: 2.155 vs FRA:0YX: 5.03

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.

Sysmex's adjusted revenue per share data for the three months ended in Mar. 2024 was €1.328. 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 €3.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sysmex Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sysmex'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.

Sysmex Cyclically Adjusted PS Ratio Chart

Sysmex 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 7.27 10.30 6.99 6.01 4.99

Sysmex 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 6.01 6.65 4.69 5.04 4.99

Competitive Comparison of Sysmex's Cyclically Adjusted PS Ratio

For the Medical Instruments & Supplies subindustry, Sysmex'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.


Sysmex's Cyclically Adjusted PS Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Sysmex's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Sysmex 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=16.80/3.2
=5.25

* 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.

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

For example, Sysmex'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)
=1.328/107.2000*107.2000
=1.328

Current CPI (Mar. 2024) = 107.2000.

Sysmex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.541 98.000 0.592
201409 0.607 98.500 0.661
201412 0.617 97.900 0.676
201503 0.804 97.900 0.880
201506 0.663 98.400 0.722
201509 0.760 98.500 0.827
201512 0.771 98.100 0.843
201603 0.851 97.900 0.932
201606 0.798 98.100 0.872
201609 0.834 98.000 0.912
201612 0.809 98.400 0.881
201703 0.914 98.100 0.999
201706 0.791 98.500 0.861
201709 0.839 98.800 0.910
201712 0.855 99.400 0.922
201803 0.962 99.200 1.040
201806 0.818 99.200 0.884
201809 0.856 99.900 0.919
201812 0.902 99.700 0.970
201903 1.081 99.700 1.162
201906 0.895 99.800 0.961
201909 1.003 100.100 1.074
201912 0.989 100.500 1.055
202003 1.124 100.300 1.201
202006 0.796 99.900 0.854
202009 0.917 99.900 0.984
202012 1.006 99.300 1.086
202103 1.146 99.900 1.230
202106 0.952 99.500 1.026
202109 1.097 100.100 1.175
202112 1.115 100.100 1.194
202203 1.278 101.100 1.355
202206 0.967 101.800 1.018
202209 1.212 103.100 1.260
202212 1.167 104.100 1.202
202303 1.244 104.400 1.277
202306 0.991 105.200 1.010
202309 1.184 106.200 1.195
202312 1.158 106.800 1.162
202403 1.328 107.200 1.328

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.


Sysmex  (FRA:0YX) 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.


Sysmex Cyclically Adjusted PS Ratio Related Terms

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


Sysmex (FRA:0YX) Business Description

Traded in Other Exchanges
Address
1-5-1 Wakinohara-Kaigandori, Chuo-ku, Hyogo Prefecture, Kobe, JPN, 6510073
Sysmex Corp manufactures and distributes in vitro diagnostic instruments, reagents, and software. The vast majority of the firm's revenue comes from selling tests for human bodily fluids to hospitals and commercial laboratories. Within this industry, the firm specializes in hematology reagents and instruments. Sysmex also sells in vitro diagnostics for applications like urinalysis and hemostasis and provides support and maintenance services for its systems. Over half of the firm's revenue is generated by sales of reagents and services, which are recurring sources of income. Sysmex primarily sells its products to customers in Japan, Europe, the Middle East, and Africa, and the Americas.

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