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SCSK (TSE:9719) Cyclically Adjusted PS Ratio : 2.34 (As of Jun. 04, 2024)


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What is SCSK Cyclically Adjusted PS Ratio?

As of today (2024-06-04), SCSK's current share price is 円3016.00. SCSK's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円1,286.90. SCSK's Cyclically Adjusted PS Ratio for today is 2.34.

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

TSE:9719' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.26   Med: 1.83   Max: 2.37
Current: 2.31

During the past years, SCSK's highest Cyclically Adjusted PS Ratio was 2.37. The lowest was 1.26. And the median was 1.83.

TSE:9719's Cyclically Adjusted PS Ratio is ranked worse than
56.15% of 1455 companies
in the Software industry
Industry Median: 1.82 vs TSE:9719: 2.31

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.

SCSK's adjusted revenue per share data for the three months ended in Mar. 2024 was 円412.730. 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1,286.90 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SCSK Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SCSK'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.

SCSK Cyclically Adjusted PS Ratio Chart

SCSK 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 1.55 2.06 1.88 1.61 2.19

SCSK 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 1.61 1.84 2.09 2.20 2.19

Competitive Comparison of SCSK's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, SCSK'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.


SCSK's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, SCSK's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



SCSK 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3016.00/1286.9
=2.34

* 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.

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

For example, SCSK'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)
=412.73/107.2000*107.2000
=412.730

Current CPI (Mar. 2024) = 107.2000.

SCSK Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 210.629 98.000 230.402
201409 243.999 98.500 265.550
201412 230.571 97.900 252.474
201503 266.344 97.900 291.645
201506 235.356 98.400 256.404
201509 259.453 98.500 282.369
201512 258.229 98.100 282.183
201603 284.954 97.900 312.023
201606 241.362 98.100 263.751
201609 263.383 98.000 288.109
201612 262.130 98.400 285.573
201703 289.825 98.100 316.710
201706 247.803 98.500 269.690
201709 276.848 98.800 300.386
201712 261.175 99.400 281.670
201803 294.632 99.200 318.393
201806 257.280 99.200 278.028
201809 280.100 99.900 300.568
201812 283.936 99.700 305.295
201903 329.755 99.700 354.561
201906 292.503 99.800 314.192
201909 305.531 100.100 327.202
201912 299.933 100.500 319.929
202003 334.305 100.300 357.303
202006 302.197 99.900 324.279
202009 305.536 99.900 327.862
202012 323.835 99.300 349.598
202103 339.457 99.900 364.262
202106 317.754 99.500 342.344
202109 322.893 100.100 345.796
202112 329.092 100.100 352.434
202203 356.809 101.100 378.338
202206 334.434 101.800 352.174
202209 347.961 103.100 361.798
202212 351.938 104.100 362.418
202303 393.446 104.400 403.998
202306 362.975 105.200 369.876
202309 377.091 106.200 380.642
202312 384.592 106.800 386.032
202403 412.730 107.200 412.730

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.


SCSK  (TSE:9719) 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.


SCSK Cyclically Adjusted PS Ratio Related Terms

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


SCSK (TSE:9719) Business Description

Industry
Traded in Other Exchanges
Address
Toyosu Front, 3-2-20 Toyosu, Koto-ku, Tokyo, JPN, 135-8110
SCSK Corp is an information technology-based company in Japan. Its business involves the provision of IT infrastructure and solutions for applications in various markets. The IT Platform segment provides IT infrastructure construction-related services. Industrial Systems is concerned with infrastructure systems, information systems, and enterprise resource planning (ERP) solutions. The Financial Systems segment provides various systems for the bank and non-bank customers. The Business Solutions segment renders customer relationship management and business intelligence.

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