GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Yamaha Corp (OTCPK:YAMCY) » Definitions » Cyclically Adjusted PS Ratio

Yamaha (Yamaha) Cyclically Adjusted PS Ratio : 1.33 (As of Jun. 01, 2024)


View and export this data going back to 2003. Start your Free Trial

What is Yamaha Cyclically Adjusted PS Ratio?

As of today (2024-06-01), Yamaha's current share price is $22.80. Yamaha's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $17.11. Yamaha's Cyclically Adjusted PS Ratio for today is 1.33.

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

YAMCY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.22   Med: 2.2   Max: 3.34
Current: 1.38

During the past years, Yamaha's highest Cyclically Adjusted PS Ratio was 3.34. The lowest was 1.22. And the median was 2.20.

YAMCY's Cyclically Adjusted PS Ratio is ranked better than
52.81% of 640 companies
in the Travel & Leisure industry
Industry Median: 1.44 vs YAMCY: 1.38

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.

Yamaha's adjusted revenue per share data for the three months ended in Mar. 2024 was $4.822. 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 $17.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yamaha Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Yamaha'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.

Yamaha Cyclically Adjusted PS Ratio Chart

Yamaha 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 1.91 2.71 2.29 2.06 1.26

Yamaha 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 2.06 2.20 1.61 1.28 1.26

Competitive Comparison of Yamaha's Cyclically Adjusted PS Ratio

For the Leisure subindustry, Yamaha'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.


Yamaha's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Yamaha's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Yamaha 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.80/17.11
=1.33

* 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.

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

For example, Yamaha'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)
=4.822/107.2000*107.2000
=4.822

Current CPI (Mar. 2024) = 107.2000.

Yamaha Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.040 98.000 5.513
201409 5.134 98.500 5.587
201412 5.058 97.900 5.538
201503 4.673 97.900 5.117
201506 4.406 98.400 4.800
201509 4.811 98.500 5.236
201512 5.023 98.100 5.489
201603 4.599 97.900 5.036
201606 4.977 98.100 5.439
201609 5.257 98.000 5.751
201612 4.998 98.400 5.445
201703 4.722 98.100 5.160
201706 4.870 98.500 5.300
201709 5.226 98.800 5.670
201712 5.631 99.400 6.073
201803 5.358 99.200 5.790
201806 5.220 99.200 5.641
201809 5.337 99.900 5.727
201812 5.805 99.700 6.242
201903 5.107 99.700 5.491
201906 5.154 99.800 5.536
201909 5.683 100.100 6.086
201912 5.877 100.500 6.269
202003 4.827 100.300 5.159
202006 3.795 99.900 4.072
202009 5.011 99.900 5.377
202012 5.891 99.300 6.360
202103 5.250 99.900 5.634
202106 5.294 99.500 5.704
202109 10.332 100.100 11.065
202112 5.304 100.100 5.680
202203 5.199 101.100 5.513
202206 4.607 101.800 4.851
202209 4.558 103.100 4.739
202212 5.191 104.100 5.346
202303 4.948 104.400 5.081
202306 4.430 105.200 4.514
202309 4.546 106.200 4.589
202312 5.027 106.800 5.046
202403 4.822 107.200 4.822

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.


Yamaha  (OTCPK:YAMCY) 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.


Yamaha Cyclically Adjusted PS Ratio Related Terms

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


Yamaha (Yamaha) Business Description

Traded in Other Exchanges
Address
10-1, Nakazawa-cho, Naka-ku, Shizuoka, Hamamatsu, JPN, 430-8650
Yamaha is a Japanese manufacturer of musical instruments and audio equipment. The company organises itself into four segments, based on product type: musical instruments, audio equipment, electronic devices, and other. Sales in the musical instruments and audio equipment segments constitute the vast majority of consolidated revenue. The musical instruments segment, which contributes more than half of company revenue, includes pianos, wind, string, percussion, and digital music instruments, and music schools. Audio equipment includes AV receivers, amplifiers, speakers, commercial karaoke equipment, and conference systems. The company derives around a third of its revenue domestically, with North America, Europe, and China the next most significant geographies.

Yamaha (Yamaha) Headlines

From GuruFocus

David Herro's Oakmark International Small Cap Fund Q3 Commentary

By Holly LaFon Holly LaFon 10-08-2013

David Herro Comments on Yamaha Motor

By Holly LaFon 10-09-2013