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Dentsu Group (FRA:DEN) Cyclically Adjusted PS Ratio : 1.03 (As of May. 24, 2024)


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What is Dentsu Group Cyclically Adjusted PS Ratio?

As of today (2024-05-24), Dentsu Group's current share price is €24.40. Dentsu Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €23.66. Dentsu Group's Cyclically Adjusted PS Ratio for today is 1.03.

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

FRA:DEN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.98   Max: 1.36
Current: 1.07

During the past years, Dentsu Group's highest Cyclically Adjusted PS Ratio was 1.36. The lowest was 0.40. And the median was 0.98.

FRA:DEN's Cyclically Adjusted PS Ratio is ranked worse than
56.42% of 709 companies
in the Media - Diversified industry
Industry Median: 0.89 vs FRA:DEN: 1.07

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.

Dentsu Group's adjusted revenue per share data for the three months ended in Mar. 2024 was €7.714. 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 €23.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dentsu Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Dentsu Group'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.

Dentsu Group Cyclically Adjusted PS Ratio Chart

Dentsu Group Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.72 1.04 1.12 1.07

Dentsu Group 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 1.29 1.34 1.28 1.07 1.07

Competitive Comparison of Dentsu Group's Cyclically Adjusted PS Ratio

For the Advertising Agencies subindustry, Dentsu Group'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.


Dentsu Group's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Dentsu Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Dentsu Group 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.

Dentsu Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=24.40/23.66
=1.03

* 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.

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

For example, Dentsu Group'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)
=7.714/107.2000*107.2000
=7.714

Current CPI (Mar. 2024) = 107.2000.

Dentsu Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.745 98.000 4.097
201409 4.497 98.500 4.894
201412 33.254 97.900 36.413
201503 -27.012 97.900 -29.578
201506 4.307 98.400 4.692
201509 5.250 98.500 5.714
201512 8.801 98.100 9.617
201603 5.565 97.900 6.094
201606 5.737 98.100 6.269
201609 5.990 98.000 6.552
201612 7.168 98.400 7.809
201703 6.683 98.100 7.303
201706 5.960 98.500 6.486
201709 5.848 98.800 6.345
201712 7.211 99.400 7.777
201803 6.568 99.200 7.098
201806 6.609 99.200 7.142
201809 6.604 99.900 7.087
201812 8.152 99.700 8.765
201903 7.078 99.700 7.610
201906 7.159 99.800 7.690
201909 7.479 100.100 8.009
201912 8.927 100.500 9.522
202003 7.726 100.300 8.257
202006 6.076 99.900 6.520
202009 6.210 99.900 6.664
202012 7.400 99.300 7.989
202103 6.829 99.900 7.328
202106 6.524 99.500 7.029
202109 7.809 100.100 8.363
202112 8.723 100.100 9.342
202203 8.001 101.100 8.484
202206 7.508 101.800 7.906
202209 8.167 103.100 8.492
202212 9.518 104.100 9.801
202303 8.033 104.400 8.248
202306 7.317 105.200 7.456
202309 7.935 106.200 8.010
202312 8.904 106.800 8.937
202403 7.714 107.200 7.714

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.


Dentsu Group  (FRA:DEN) 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.


Dentsu Group Cyclically Adjusted PS Ratio Related Terms

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


Dentsu Group (FRA:DEN) Business Description

Traded in Other Exchanges
Address
1-8-1 Higashi Shinbashi, Minato-ku, Tokyo, JPN, 105-7001
Dentsu Group Inc is a Japanese international advertising and public relations company that provides communication-related solutions and services such as management and business consulting. Dentsu is one of the world's largest advertising agencies. The company operates through its nine global network brands--Carat, Dentsu, Dentsu media, iProspect, Isobar, mcgarrybowen, MKTG, Posterscope and Vizeum--as well as through its specialist/multi-market brands. It is also active in the production and marketing of sports and entertainment content on a global scale. The company earns a majority of its revenue in Japan, followed by Europe and the Americas, while operating in over 100 countries around the world.