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MAX Co (TSE:6454) Cyclically Adjusted PS Ratio : 2.39 (As of Jun. 09, 2024)


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What is MAX Co Cyclically Adjusted PS Ratio?

As of today (2024-06-09), MAX Co's current share price is 円3760.00. MAX Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円1,574.53. MAX Co's Cyclically Adjusted PS Ratio for today is 2.39.

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

TSE:6454' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.28   Max: 2.39
Current: 2.39

During the past years, MAX Co's highest Cyclically Adjusted PS Ratio was 2.39. The lowest was 0.98. And the median was 1.28.

TSE:6454's Cyclically Adjusted PS Ratio is ranked worse than
66.92% of 2198 companies
in the Industrial Products industry
Industry Median: 1.42 vs TSE:6454: 2.39

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.

MAX Co's adjusted revenue per share data for the three months ended in Mar. 2024 was 円457.780. 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1,574.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MAX Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for MAX 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.

MAX Co Cyclically Adjusted PS Ratio Chart

MAX 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 1.25 1.22 1.22 1.42 2.07

MAX 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 1.42 1.74 1.78 2.10 2.07

Competitive Comparison of MAX Co's Cyclically Adjusted PS Ratio

For the Tools & Accessories subindustry, MAX 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.


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

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

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



MAX 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.

MAX Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3760.00/1574.53
=2.39

* 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.

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

For example, MAX Co'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)
=457.78/107.2000*107.2000
=457.780

Current CPI (Mar. 2024) = 107.2000.

MAX Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 311.153 98.000 340.363
201409 323.414 98.500 351.980
201412 333.658 97.900 365.354
201503 349.388 97.900 382.578
201506 321.018 98.400 349.727
201509 337.093 98.500 366.867
201512 340.279 98.100 371.844
201603 351.083 97.900 384.434
201606 319.906 98.100 349.581
201609 336.817 98.000 368.437
201612 342.438 98.400 373.063
201703 359.832 98.100 393.211
201706 321.291 98.500 349.669
201709 346.945 98.800 376.442
201712 352.181 99.400 379.817
201803 362.507 99.200 391.741
201806 342.136 99.200 369.728
201809 352.176 99.900 377.911
201812 366.709 99.700 394.295
201903 363.963 99.700 391.342
201906 352.683 99.800 378.834
201909 360.595 100.100 386.172
201912 357.590 100.500 381.429
202003 353.671 100.300 378.001
202006 297.994 99.900 319.769
202009 316.233 99.900 339.341
202012 340.422 99.300 367.505
202103 360.469 99.900 386.810
202106 359.789 99.500 387.632
202109 387.006 100.100 414.456
202112 399.932 100.100 428.299
202203 412.559 101.100 437.451
202206 429.918 101.800 452.723
202209 457.201 103.100 475.383
202212 463.332 104.100 477.130
202303 432.032 104.400 443.619
202306 448.184 105.200 456.705
202309 462.256 106.200 466.609
202312 479.452 106.800 481.248
202403 457.780 107.200 457.780

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.


MAX Co  (TSE:6454) 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.


MAX Co Cyclically Adjusted PS Ratio Related Terms

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


MAX Co (TSE:6454) Business Description

Traded in Other Exchanges
N/A
Address
6-6 Nihonbashi Hakozakicho, Chuo-ku, Tokyo, JPN, 103-8502
MAX Co Ltd manufactures and distributes office supplies and industrial equipment. The company operates through office equipment, industrial equipment, and home care and rehabilitation (HCR) equipment divisions. It mainly offers products such as hand-held staplers and automatic staplers, numbering tools, check writers, and other office supplies. It also markets fastening devices for various purposes such as concrete reinforcing bar tying machines, air compressors, and rechargeable tools.

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