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Aichi Steel (FRA:8T2) Cyclically Adjusted PS Ratio : 0.27 (As of Jun. 09, 2024)


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What is Aichi Steel Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Aichi Steel's current share price is €21.20. Aichi Steel's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €77.39. Aichi Steel's Cyclically Adjusted PS Ratio for today is 0.27.

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

FRA:8T2' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.26   Max: 0.42
Current: 0.27

During the past years, Aichi Steel's highest Cyclically Adjusted PS Ratio was 0.42. The lowest was 0.16. And the median was 0.26.

FRA:8T2's Cyclically Adjusted PS Ratio is ranked better than
69.6% of 523 companies
in the Steel industry
Industry Median: 0.48 vs FRA:8T2: 0.27

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.

Aichi Steel's adjusted revenue per share data for the three months ended in Mar. 2024 was €21.632. 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 €77.39 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aichi Steel Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Aichi Steel'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.

Aichi Steel Cyclically Adjusted PS Ratio Chart

Aichi Steel 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 0.26 0.31 0.20 0.18 0.30

Aichi Steel 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 0.18 0.24 0.30 0.24 0.30

Competitive Comparison of Aichi Steel's Cyclically Adjusted PS Ratio

For the Steel subindustry, Aichi Steel'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.


Aichi Steel's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aichi Steel's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Aichi Steel 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.

Aichi Steel's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21.20/77.39
=0.27

* 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.

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

For example, Aichi Steel'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)
=21.632/107.2000*107.2000
=21.632

Current CPI (Mar. 2024) = 107.2000.

Aichi Steel Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 21.857 98.000 23.909
201409 21.833 98.500 23.761
201412 20.921 97.900 22.908
201503 23.818 97.900 26.081
201506 21.239 98.400 23.138
201509 20.411 98.500 22.214
201512 21.136 98.100 23.097
201603 18.902 97.900 20.698
201606 22.302 98.100 24.371
201609 22.710 98.000 24.842
201612 22.299 98.400 24.293
201703 23.598 98.100 25.787
201706 22.993 98.500 25.024
201709 22.095 98.800 23.974
201712 22.846 99.400 24.639
201803 24.203 99.200 26.155
201806 24.385 99.200 26.352
201809 24.084 99.900 25.844
201812 26.120 99.700 28.085
201903 27.494 99.700 29.562
201906 26.573 99.800 28.543
201909 26.137 100.100 27.991
201912 25.340 100.500 27.029
202003 24.339 100.300 26.013
202006 15.188 99.900 16.298
202009 19.845 99.900 21.295
202012 23.838 99.300 25.734
202103 22.797 99.900 24.463
202106 23.549 99.500 25.371
202109 24.053 100.100 25.759
202112 26.719 100.100 28.614
202203 27.027 101.100 28.658
202206 23.951 101.800 25.221
202209 26.073 103.100 27.110
202212 24.784 104.100 25.522
202303 26.730 104.400 27.447
202306 24.432 105.200 24.896
202309 24.242 106.200 24.470
202312 25.052 106.800 25.146
202403 21.632 107.200 21.632

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.


Aichi Steel  (FRA:8T2) 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.


Aichi Steel Cyclically Adjusted PS Ratio Related Terms

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


Aichi Steel (FRA:8T2) Business Description

Industry
Traded in Other Exchanges
Address
1 Wanowari Araomachi, Aichi-ken, Tokai, JPN, 476-8666
Aichi Steel Corp is a Japan-based company that manufactures and sells steel, forged products and electro-magnetic products. The company operates through four segments. The steel segment manufactures and sells specialty steel, stainless steel, and titanium. The forged product segment produces a wide variety of forgings. The electromagnetic products segment manufactures electromagnetic components. The steel and forged products segments are the two biggest segments, representing the majority of Aichi Steel's sales. Aichi Steel is a member of Toyota Group. Toyota Motor and Toyota Tsusho are its major customers. The company generates most of its revenue from the Japanese domestic market.

Aichi Steel (FRA:8T2) Headlines

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