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TKC (TSE:9746) Cyclically Adjusted PS Ratio : 2.59 (As of May. 27, 2024)


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What is TKC Cyclically Adjusted PS Ratio?

As of today (2024-05-27), TKC's current share price is 円3350.00. TKC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円1,291.57. TKC's Cyclically Adjusted PS Ratio for today is 2.59.

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

TSE:9746' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.59   Med: 2.77   Max: 3.46
Current: 2.59

During the past years, TKC's highest Cyclically Adjusted PS Ratio was 3.46. The lowest was 1.59. And the median was 2.77.

TSE:9746's Cyclically Adjusted PS Ratio is ranked worse than
60.9% of 1445 companies
in the Software industry
Industry Median: 1.85 vs TSE:9746: 2.59

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.

TKC's adjusted revenue per share data for the three months ended in Mar. 2024 was 円382.047. 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1,291.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TKC Cyclically Adjusted PS Ratio Historical Data

The historical data trend for TKC'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.

TKC Cyclically Adjusted PS Ratio Chart

TKC Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.12 3.03 3.07 2.86 2.88

TKC 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 2.98 3.11 2.88 2.94 2.88

Competitive Comparison of TKC's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, TKC'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.


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

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

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



TKC 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3350.00/1291.57
=2.59

* 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.

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

For example, TKC'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)
=382.047/107.2000*107.2000
=382.047

Current CPI (Mar. 2024) = 107.2000.

TKC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 244.688 98.000 267.659
201409 279.880 98.500 304.600
201412 228.957 97.900 250.707
201503 292.313 97.900 320.081
201506 252.356 98.400 274.924
201509 257.712 98.500 280.474
201512 263.884 98.100 288.363
201603 293.264 97.900 321.123
201606 262.335 98.100 286.670
201609 263.357 98.000 288.080
201612 251.527 98.400 274.021
201703 314.920 98.100 344.133
201706 270.954 98.500 294.886
201709 284.561 98.800 308.754
201712 276.873 99.400 298.599
201803 295.444 99.200 319.270
201806 282.314 99.200 305.081
201809 308.192 99.900 330.713
201812 266.927 99.700 287.007
201903 336.262 99.700 361.558
201906 300.890 99.800 323.200
201909 350.444 100.100 375.301
201912 310.473 100.500 331.171
202003 357.962 100.300 382.588
202006 307.665 99.900 330.147
202009 314.033 99.900 336.980
202012 282.271 99.300 304.728
202103 351.788 99.900 377.494
202106 307.609 99.500 331.414
202109 315.552 100.100 337.934
202112 291.082 100.100 311.728
202203 352.427 101.100 373.691
202206 316.109 101.800 332.877
202209 333.759 103.100 347.032
202212 322.512 104.100 332.116
202303 365.117 104.400 374.909
202306 339.651 105.200 346.108
202309 344.668 106.200 347.913
202312 328.379 106.800 329.609
202403 382.047 107.200 382.047

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.


TKC  (TSE:9746) 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.


TKC Cyclically Adjusted PS Ratio Related Terms

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


TKC (TSE:9746) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » TKC Corp (TSE:9746) » Definitions » Cyclically Adjusted PS Ratio
Traded in Other Exchanges
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Address
1758 Tsurutamachi, Utsunomiya-shi, Tochigi, JPN, 320-0851
TKC Corp provides a variety of information technology, or IT, services. The firm's computer services include batch processing and printing, data storage, and download management. TKC's Internet services include Internet management, cloud computing, database management, data storage, data backup, and data security. The company's other services include software development, system device sales, systems consulting services, and general education and training services. TKC generates the majority of its sales revenue from accounting firms and local governments.

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