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Internet Initiative Japan (TSE:3774) Cyclically Adjusted PS Ratio : 2.06 (As of May. 22, 2024)


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What is Internet Initiative Japan Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Internet Initiative Japan's current share price is 円2379.00. Internet Initiative Japan's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円1,156.05. Internet Initiative Japan's Cyclically Adjusted PS Ratio for today is 2.06.

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

TSE:3774' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.16   Max: 2.84
Current: 2.13

During the past years, Internet Initiative Japan's highest Cyclically Adjusted PS Ratio was 2.84. The lowest was 0.68. And the median was 1.16.

TSE:3774's Cyclically Adjusted PS Ratio is ranked worse than
75.59% of 299 companies
in the Telecommunication Services industry
Industry Median: 1.06 vs TSE:3774: 2.13

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.

Internet Initiative Japan's adjusted revenue per share data for the three months ended in Mar. 2024 was 円421.854. 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 円1,156.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Internet Initiative Japan Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Internet Initiative Japan'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.

Internet Initiative Japan Cyclically Adjusted PS Ratio Chart

Internet Initiative Japan 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 1.10 1.49 2.17 2.63 2.46

Internet Initiative Japan 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 2.63 2.53 2.20 2.55 2.46

Competitive Comparison of Internet Initiative Japan's Cyclically Adjusted PS Ratio

For the Telecom Services subindustry, Internet Initiative Japan'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.


Internet Initiative Japan's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Internet Initiative Japan's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Internet Initiative Japan 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.

Internet Initiative Japan's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2379.00/1156.05
=2.06

* 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.

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

For example, Internet Initiative Japan'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)
=421.854/107.2000*107.2000
=421.854

Current CPI (Mar. 2024) = 107.2000.

Internet Initiative Japan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 149.725 98.000 163.781
201409 160.937 98.500 175.152
201412 166.641 97.900 182.471
201503 191.225 97.900 209.390
201506 170.886 98.400 186.168
201509 183.910 98.500 200.154
201512 184.850 98.100 201.997
201603 224.012 97.900 245.292
201606 196.370 98.100 214.586
201609 205.904 98.000 225.234
201612 215.692 98.400 234.982
201703 244.384 98.100 267.054
201706 226.559 98.500 246.570
201709 232.371 98.800 252.127
201712 246.701 99.400 266.060
201803 268.760 99.200 290.434
201806 247.814 99.200 267.799
201809 256.287 99.900 275.015
201812 268.572 99.700 288.776
201903 291.655 99.700 313.595
201906 275.197 99.800 295.602
201909 272.694 100.100 292.036
201912 284.130 100.500 303.072
202003 296.885 100.300 317.309
202006 278.022 99.900 298.338
202009 282.873 99.900 303.543
202012 300.035 99.300 323.905
202103 313.959 99.900 336.901
202106 292.065 99.500 314.667
202109 351.421 100.100 376.347
202112 311.553 100.100 333.651
202203 334.685 101.100 354.879
202206 320.573 101.800 337.578
202209 351.185 103.100 365.151
202212 349.004 104.100 359.397
202303 370.977 104.400 380.927
202306 341.338 105.200 347.827
202309 375.704 106.200 379.242
202312 410.138 106.800 411.674
202403 421.854 107.200 421.854

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.


Internet Initiative Japan  (TSE:3774) 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.


Internet Initiative Japan Cyclically Adjusted PS Ratio Related Terms

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


Internet Initiative Japan (TSE:3774) Business Description

Traded in Other Exchanges
Address
Iidabashi Grand Bloom, 2-10-2 Fujimi, Chiyoda-ku, Tokyo, JPN, 102-0071
Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan.

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