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Okamura (TSE:7994) Cyclically Adjusted PS Ratio : 0.92 (As of May. 16, 2024)


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What is Okamura Cyclically Adjusted PS Ratio?

As of today (2024-05-16), Okamura's current share price is 円2365.00. Okamura's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円2,560.05. Okamura's Cyclically Adjusted PS Ratio for today is 0.92.

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

TSE:7994' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.6   Max: 0.94
Current: 0.92

During the past years, Okamura's highest Cyclically Adjusted PS Ratio was 0.94. The lowest was 0.33. And the median was 0.60.

TSE:7994's Cyclically Adjusted PS Ratio is ranked better than
64.83% of 2192 companies
in the Industrial Products industry
Industry Median: 1.44 vs TSE:7994: 0.92

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.

Okamura's adjusted revenue per share data for the three months ended in Mar. 2024 was 円930.552. 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2,560.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Okamura Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Okamura'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.

Okamura Cyclically Adjusted PS Ratio Chart

Okamura 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 0.42 0.61 0.54 0.57 0.88

Okamura 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 0.57 0.78 0.91 0.87 0.88

Competitive Comparison of Okamura's Cyclically Adjusted PS Ratio

For the Business Equipment & Supplies subindustry, Okamura'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.


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

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

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



Okamura 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2365.00/2560.05
=0.92

* 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.

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

For example, Okamura'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)
=930.552/107.2000*107.2000
=930.552

Current CPI (Mar. 2024) = 107.2000.

Okamura Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 434.025 98.000 474.770
201409 479.183 98.500 521.507
201412 485.972 97.900 532.137
201503 598.916 97.900 655.810
201506 503.014 98.400 547.999
201509 514.701 98.500 560.162
201512 525.476 98.100 574.220
201603 642.582 97.900 703.624
201606 506.077 98.100 553.022
201609 507.943 98.000 555.627
201612 515.704 98.400 561.824
201703 619.619 98.100 677.096
201706 498.243 98.500 542.250
201709 530.529 98.800 575.635
201712 521.224 99.400 562.125
201803 644.619 99.200 696.604
201806 538.565 99.200 581.998
201809 540.276 99.900 579.756
201812 542.663 99.700 583.485
201903 629.262 99.700 676.599
201906 543.437 99.800 583.732
201909 531.748 100.100 569.464
201912 535.380 100.500 571.072
202003 687.930 100.300 735.255
202006 445.502 99.900 478.056
202009 509.644 99.900 546.885
202012 591.875 99.300 638.963
202103 766.287 99.900 822.282
202106 604.387 99.500 651.159
202109 591.468 100.100 633.420
202112 643.665 100.100 689.320
202203 794.721 101.100 842.672
202206 651.981 101.800 686.565
202209 677.328 103.100 704.263
202212 691.744 104.100 712.343
202303 821.260 104.400 843.286
202306 751.004 105.200 765.282
202309 724.054 106.200 730.872
202312 746.025 106.800 748.819
202403 930.552 107.200 930.552

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.


Okamura  (TSE:7994) 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.


Okamura Cyclically Adjusted PS Ratio Related Terms

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


Okamura (TSE:7994) Business Description

Traded in Other Exchanges
N/A
Address
Bldg 19, No. 1, No. 4 Tenri Kitasaiwai 1-chome, Nishi-ku, Yokohama, JPN, 220-0004
Okamura Corp is a Japanese manufacturer that operates through three segments. The office furniture segment provides office seating, desks, storage, filing supplies, room furniture, and fixtures. The store displays segment comprises products including display fixtures for food and stores, checkout facilities, and showcases. The material handling systems and others segment consists of automated warehouse, conveyor systems, sorting systems, shelves, and equipment for plants and warehouses. Combined, the office furniture and store displays segments contribute the majority of group sales. Okamura's products are manufactured both in Japan and overseas and are delivered across the world by its distribution network.

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