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IHI (FRA:IWJ) Cyclically Adjusted PS Ratio : 0.42 (As of May. 21, 2024)


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What is IHI Cyclically Adjusted PS Ratio?

As of today (2024-05-21), IHI's current share price is €24.00. IHI's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €57.73. IHI's Cyclically Adjusted PS Ratio for today is 0.42.

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

FRA:IWJ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.33   Max: 0.49
Current: 0.41

During the past years, IHI's highest Cyclically Adjusted PS Ratio was 0.49. The lowest was 0.12. And the median was 0.33.

FRA:IWJ's Cyclically Adjusted PS Ratio is ranked better than
84.74% of 2195 companies
in the Industrial Products industry
Industry Median: 1.43 vs FRA:IWJ: 0.41

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.

IHI's adjusted revenue per share data for the three months ended in Mar. 2024 was €18.497. 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 €57.73 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


IHI Cyclically Adjusted PS Ratio Historical Data

The historical data trend for IHI'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.

IHI Cyclically Adjusted PS Ratio Chart

IHI 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 0.14 0.25 0.32 0.35 0.42

IHI 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 0.35 0.41 0.33 0.29 0.42

Competitive Comparison of IHI's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, IHI'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.


IHI's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, IHI's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



IHI 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=24.00/57.73
=0.42

* 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.

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

For example, IHI'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)
=18.497/107.2000*107.2000
=18.497

Current CPI (Mar. 2024) = 107.2000.

IHI Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 13.141 98.000 14.375
201409 15.625 98.500 17.005
201412 15.661 97.900 17.149
201503 24.043 97.900 26.327
201506 15.900 98.400 17.322
201509 16.696 98.500 18.171
201512 18.085 98.100 19.763
201603 24.782 97.900 27.136
201606 18.679 98.100 20.412
201609 19.864 98.000 21.729
201612 18.335 98.400 19.975
201703 24.028 98.100 26.257
201706 20.893 98.500 22.738
201709 18.194 98.800 19.741
201712 17.329 99.400 18.689
201803 22.734 99.200 24.567
201806 16.979 99.200 18.348
201809 17.939 99.900 19.250
201812 17.650 99.700 18.978
201903 22.504 99.700 24.197
201906 14.923 99.800 16.030
201909 17.170 100.100 18.388
201912 17.826 100.500 19.014
202003 19.293 100.300 20.620
202006 12.083 99.900 12.966
202009 14.292 99.900 15.336
202012 15.122 99.300 16.325
202103 18.089 99.900 19.411
202106 12.447 99.500 13.410
202109 13.966 100.100 14.957
202112 15.401 100.100 16.493
202203 18.058 101.100 19.148
202206 12.337 101.800 12.991
202209 15.384 103.100 15.996
202212 16.276 104.100 16.761
202303 18.778 104.400 19.282
202306 12.847 105.200 13.091
202309 7.198 106.200 7.266
202312 16.678 106.800 16.740
202403 18.497 107.200 18.497

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.


IHI  (FRA:IWJ) 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.


IHI Cyclically Adjusted PS Ratio Related Terms

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


IHI (FRA:IWJ) Business Description

Industry
Traded in Other Exchanges
Address
1-1, Toyosu 3-chome, Koto-ku, Tokyo, JPN, 135-8710
IHI Corp produces power systems and plants, large steel structures, marine machinery, aerospace engines, and other industrial solutions. The global company attempts to develop innovative solutions and engineering capabilities for multiple projects and maintenance platforms. Its products cover a wide range of functions, including energy supply and distribution, urban development, enhancing manufacturing processes, and utilizing technologies for air travel. Revenues are roughly split between the company's four business areas: resources, energy, and environment; social infrastructure and offshore facilities; industrial systems and general-purpose machinery; and aero engine, space, and defense. Asia accounts for the majority of total sales, with China and Japan being key regions.

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