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Tokyo Steel Manufacturing Co (TSE:5423) Cyclically Adjusted PS Ratio : 0.96 (As of Jun. 09, 2024)


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What is Tokyo Steel Manufacturing Co Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Tokyo Steel Manufacturing Co's current share price is 円1653.00. Tokyo Steel Manufacturing Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円1,716.87. Tokyo Steel Manufacturing Co's Cyclically Adjusted PS Ratio for today is 0.96.

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

TSE:5423' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.9   Max: 1.3
Current: 0.96

During the past years, Tokyo Steel Manufacturing Co's highest Cyclically Adjusted PS Ratio was 1.30. The lowest was 0.51. And the median was 0.90.

TSE:5423's Cyclically Adjusted PS Ratio is ranked worse than
71.13% of 523 companies
in the Steel industry
Industry Median: 0.48 vs TSE:5423: 0.96

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.

Tokyo Steel Manufacturing Co's adjusted revenue per share data for the three months ended in Dec. 2023 was 円794.024. 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1,716.87 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokyo Steel Manufacturing Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tokyo Steel Manufacturing Co'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.

Tokyo Steel Manufacturing Co Cyclically Adjusted PS Ratio Chart

Tokyo Steel Manufacturing Co 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 0.61 0.76 0.94 0.91 -

Tokyo Steel Manufacturing Co 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 0.91 0.86 1.02 1.01 -

Competitive Comparison of Tokyo Steel Manufacturing Co's Cyclically Adjusted PS Ratio

For the Steel subindustry, Tokyo Steel Manufacturing Co'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.


Tokyo Steel Manufacturing Co's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

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

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



Tokyo Steel Manufacturing Co 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.

Tokyo Steel Manufacturing Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1653.00/1716.87
=0.96

* 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.

Tokyo Steel Manufacturing Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Tokyo Steel Manufacturing Co's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=794.024/106.8000*106.8000
=794.024

Current CPI (Dec. 2023) = 106.8000.

Tokyo Steel Manufacturing Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 274.845 95.700 306.724
201406 297.567 98.000 324.287
201409 266.582 98.500 289.045
201412 270.670 97.900 295.276
201503 277.169 97.900 302.366
201506 251.171 98.400 272.612
201509 230.738 98.500 250.181
201512 222.717 98.100 242.469
201603 198.596 97.900 216.650
201606 199.746 98.100 217.460
201609 197.441 98.000 215.170
201612 219.106 98.400 237.810
201703 228.810 98.100 249.102
201706 276.830 98.500 300.157
201709 268.770 98.800 290.533
201712 298.581 99.400 320.809
201803 301.336 99.200 324.422
201806 335.109 99.200 360.783
201809 348.816 99.900 372.908
201812 410.893 99.700 440.154
201903 381.544 99.700 408.715
201906 373.099 99.800 399.268
201909 330.992 100.100 353.146
201912 334.635 100.500 355.612
202003 308.763 100.300 328.773
202006 288.446 99.900 308.369
202009 251.066 99.900 268.407
202012 281.437 99.300 302.694
202103 333.875 99.900 356.935
202106 443.485 99.500 476.022
202109 529.401 100.100 564.835
202112 637.964 100.100 680.665
202203 680.858 101.100 719.245
202206 788.914 101.800 827.662
202209 771.383 103.100 799.066
202212 832.474 104.100 854.066
202303 797.966 104.400 816.310
202306 927.593 105.200 941.701
202309 779.876 106.200 784.282
202312 794.024 106.800 794.024

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.


Tokyo Steel Manufacturing Co  (TSE:5423) 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.


Tokyo Steel Manufacturing Co Cyclically Adjusted PS Ratio Related Terms

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


Tokyo Steel Manufacturing Co (TSE:5423) Business Description

Traded in Other Exchanges
N/A
Address
Kasumigaseki-Tokyu Bldg 15th Floor,, 3-7-1, Kasumigaseki, Chiyoda-ku, Tokyo, JPN, 1000013
Tokyo Steel Manufacturing Co Ltd is a Japan-based company primarily engaged in production of long steel products and flat steel products. The company's long product portfolio comprises H beams, sheet piles, I-beams, checkered H-beams, channels, and reinforcing bars. The company's flat product portfolio consists of heavy plates, hot-rolled coils, pickled and oiled coils, hot-dip galvanized coils, checkered coils, and steel sheets. These products are used in broad range of applications, including construction, civil engineering, industrial equipment, plant equipment, bridge, and shipbuilding. The company has four plants located in Tahara, Okayama, Kyushu, and Utsunomiya. Tokyo Steel Manufacturing generates most of its revenue from the Japanese domestic market.

Tokyo Steel Manufacturing Co (TSE:5423) Headlines

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