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Keiyo Bank (TSE:8544) Cyclically Adjusted PS Ratio : 1.76 (As of Jun. 04, 2024)


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What is Keiyo Bank Cyclically Adjusted PS Ratio?

As of today (2024-06-04), Keiyo Bank's current share price is 円883.00. Keiyo Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円501.70. Keiyo Bank's Cyclically Adjusted PS Ratio for today is 1.76.

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

TSE:8544' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.19   Max: 2.28
Current: 1.75

During the past years, Keiyo Bank's highest Cyclically Adjusted PS Ratio was 2.28. The lowest was 0.80. And the median was 1.19.

TSE:8544's Cyclically Adjusted PS Ratio is ranked better than
68.52% of 1185 companies
in the Banks industry
Industry Median: 2.38 vs TSE:8544: 1.75

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.

Keiyo Bank's adjusted revenue per share data for the three months ended in Dec. 2023 was 円138.960. 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501.70 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keiyo Bank Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Keiyo Bank'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.

Keiyo Bank Cyclically Adjusted PS Ratio Chart

Keiyo Bank 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 1.08 0.95 1.03 1.15 -

Keiyo Bank 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 1.15 1.07 1.39 1.36 -

Competitive Comparison of Keiyo Bank's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Keiyo Bank'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.


Keiyo Bank's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Keiyo Bank's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Keiyo Bank 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.

Keiyo Bank's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=883.00/501.7
=1.76

* 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.

Keiyo Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Keiyo Bank'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)
=138.96/106.8000*106.8000
=138.960

Current CPI (Dec. 2023) = 106.8000.

Keiyo Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 109.396 95.700 122.085
201406 116.438 98.000 126.894
201409 118.305 98.500 128.274
201412 125.515 97.900 136.925
201503 103.949 97.900 113.399
201506 118.076 98.400 128.156
201509 113.788 98.500 123.376
201512 123.568 98.100 134.527
201603 120.513 97.900 131.469
201606 121.585 98.100 132.368
201609 115.280 98.000 125.632
201612 122.579 98.400 133.043
201703 106.368 98.100 115.801
201706 113.966 98.500 123.569
201709 112.487 98.800 121.595
201712 123.047 99.400 132.207
201803 107.721 99.200 115.974
201806 120.851 99.200 130.110
201809 111.705 99.900 119.420
201812 123.209 99.700 131.983
201903 117.680 99.700 126.060
201906 110.711 99.800 118.476
201909 129.116 100.100 137.758
201912 133.065 100.500 141.406
202003 106.010 100.300 112.880
202006 111.691 99.900 119.405
202009 107.656 99.900 115.092
202012 116.244 99.300 125.024
202103 105.518 99.900 112.806
202106 113.809 99.500 122.159
202109 113.274 100.100 120.856
202112 125.635 100.100 134.044
202203 116.956 101.100 123.550
202206 132.059 101.800 138.545
202209 117.015 103.100 121.214
202212 115.936 104.100 118.943
202303 92.953 104.400 95.090
202306 143.894 105.200 146.083
202309 121.148 106.200 121.832
202312 138.960 106.800 138.960

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.


Keiyo Bank  (TSE:8544) 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.


Keiyo Bank Cyclically Adjusted PS Ratio Related Terms

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


Keiyo Bank (TSE:8544) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1-11-11, Fujimi, Chuo-ku, Chiba, JPN, 260-0015
Keiyo Bank Ltd is a Japanese regional bank operating in the Chiba prefecture. Nearly half of its banking locations are in Chiba proper. Its commercial banking activities include consumer loans, foreign currency deposits, and ATM services. Most of the bank's earning assets are in loans and bill discounted, along with securities. Most of its retail loan portfolio is concentrated in housing loans and loans to small and midsize companies. The bank relies on a consulting arm that works with customers to curtail nonperforming loans. In addition to net interest income, the bank relies on fees and commissions to generate income.

Keiyo Bank (TSE:8544) Headlines

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