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Sony Group (FRA:SON1) Cyclically Adjusted PS Ratio : 1.60 (As of May. 19, 2024)


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What is Sony Group Cyclically Adjusted PS Ratio?

As of today (2024-05-19), Sony Group's current share price is €77.52. Sony Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €48.44. Sony Group's Cyclically Adjusted PS Ratio for today is 1.60.

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

FRA:SON1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.78   Max: 2.09
Current: 1.65

During the past years, Sony Group's highest Cyclically Adjusted PS Ratio was 2.09. The lowest was 0.22. And the median was 0.78.

FRA:SON1's Cyclically Adjusted PS Ratio is ranked worse than
63.37% of 1922 companies
in the Hardware industry
Industry Median: 1.07 vs FRA:SON1: 1.65

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.

Sony Group's adjusted revenue per share data for the three months ended in Mar. 2024 was €17.372. 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 €48.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sony Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sony 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.

Sony Group Cyclically Adjusted PS Ratio Chart

Sony Group 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 0.93 1.70 1.81 1.60 1.63

Sony 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 1.60 1.70 1.58 1.71 1.63

Competitive Comparison of Sony Group's Cyclically Adjusted PS Ratio

For the Consumer Electronics subindustry, Sony 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.


Sony Group's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Sony 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=77.52/48.44
=1.60

* 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.

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

For example, Sony 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)
=17.372/107.2000*107.2000
=17.372

Current CPI (Mar. 2024) = 107.2000.

Sony Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 11.169 98.000 12.218
201409 12.559 98.500 13.668
201412 15.912 97.900 17.424
201503 14.836 97.900 16.245
201506 11.113 98.400 12.107
201509 10.919 98.500 11.883
201512 15.132 98.100 16.536
201603 11.272 97.900 12.343
201606 10.587 98.100 11.569
201609 11.476 98.000 12.553
201612 15.208 98.400 16.568
201703 12.227 98.100 13.361
201706 11.559 98.500 12.580
201709 12.100 98.800 13.129
201712 15.468 99.400 16.682
201803 11.520 99.200 12.449
201806 11.729 99.200 12.675
201809 12.874 99.900 13.815
201812 14.509 99.700 15.600
201903 13.146 99.700 14.135
201906 12.359 99.800 13.275
201909 14.172 100.100 15.177
201912 16.190 100.500 17.269
202003 11.733 100.300 12.540
202006 12.986 99.900 13.935
202009 13.545 99.900 14.535
202012 17.058 99.300 18.415
202103 13.794 99.900 14.802
202106 13.587 99.500 14.638
202109 14.603 100.100 15.639
202112 18.833 100.100 20.169
202203 13.879 101.100 14.716
202206 12.642 101.800 13.313
202209 14.883 103.100 15.475
202212 17.392 104.100 17.910
202303 20.356 104.400 20.902
202306 15.626 105.200 15.923
202309 14.490 106.200 14.626
202312 19.336 106.800 19.408
202403 17.372 107.200 17.372

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.


Sony Group  (FRA:SON1) 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.


Sony Group Cyclically Adjusted PS Ratio Related Terms

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


Sony Group (FRA:SON1) Business Description

Industry
Address
7-1, Konan 1-Chome, Minato-ku, Tokyo, JPN, 108-0075
Sony Group is a conglomerate with consumer electronics roots, which not only designs, develops, produces, and sells electronic equipment and devices, but also is engaged in content businesses, such as console and mobile games, music, and movies. Sony is a global top company of CMOS image sensors, game consoles, professional broadcasting cameras, and music publishing, and is one of the top players on digital cameras, wireless earphones, recorded music, movies, and so on. Sony's business portfolio is well diversified with six major business segments. The company fully consolidated Sony Financial in September 2020, which provides life and non-life insurance, banking, and other financial services.

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