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Denso (FRA:DNOA) Cyclically Adjusted PS Ratio : 1.39 (As of Jun. 08, 2024)


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What is Denso Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Denso's current share price is €14.60. Denso's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €10.49. Denso's Cyclically Adjusted PS Ratio for today is 1.39.

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

FRA:DNOA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.11   Max: 1.73
Current: 1.43

During the past years, Denso's highest Cyclically Adjusted PS Ratio was 1.73. The lowest was 0.55. And the median was 1.11.

FRA:DNOA's Cyclically Adjusted PS Ratio is ranked worse than
69.85% of 1005 companies
in the Vehicles & Parts industry
Industry Median: 0.66 vs FRA:DNOA: 1.43

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.

Denso's adjusted revenue per share data for the three months ended in Mar. 2024 was €3.745. 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 €10.49 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Denso Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Denso'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.

Denso Cyclically Adjusted PS Ratio Chart

Denso 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 0.63 1.27 1.28 1.13 1.66

Denso 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 1.13 1.44 1.44 1.25 1.66

Competitive Comparison of Denso's Cyclically Adjusted PS Ratio

For the Auto Parts subindustry, Denso'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.


Denso's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Denso's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Denso 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.60/10.49
=1.39

* 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.

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

For example, Denso'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)
=3.745/107.2000*107.2000
=3.745

Current CPI (Mar. 2024) = 107.2000.

Denso Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.324 98.000 2.542
201409 2.359 98.500 2.567
201412 2.325 97.900 2.546
201503 2.761 97.900 3.023
201506 2.496 98.400 2.719
201509 2.612 98.500 2.843
201512 2.717 98.100 2.969
201603 2.893 97.900 3.168
201606 2.911 98.100 3.181
201609 2.996 98.000 3.277
201612 2.944 98.400 3.207
201703 3.202 98.100 3.499
201706 2.978 98.500 3.241
201709 2.911 98.800 3.158
201712 3.204 99.400 3.455
201803 3.455 99.200 3.734
201806 3.315 99.200 3.582
201809 3.167 99.900 3.398
201812 3.400 99.700 3.656
201903 3.546 99.700 3.813
201906 3.498 99.800 3.757
201909 3.526 100.100 3.776
201912 3.398 100.500 3.625
202003 3.413 100.300 3.648
202006 2.038 99.900 2.187
202009 3.397 99.900 3.645
202012 3.664 99.300 3.955
202103 3.561 99.900 3.821
202106 3.298 99.500 3.553
202109 3.059 100.100 3.276
202112 3.611 100.100 3.867
202203 3.776 101.100 4.004
202206 3.273 101.800 3.447
202209 0.928 103.100 0.965
202212 3.762 104.100 3.874
202303 4.119 104.400 4.229
202306 3.734 105.200 3.805
202309 0.952 106.200 0.961
202312 3.917 106.800 3.932
202403 3.745 107.200 3.745

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.


Denso  (FRA:DNOA) 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.


Denso Cyclically Adjusted PS Ratio Related Terms

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


Denso (FRA:DNOA) Business Description

Traded in Other Exchanges
Address
1-1 Showa-cho, Kariya, JPN, 448-8661
Denso manufactures automotive components and systems, as well as other industrial products and home appliances. The company was founded in 1949 as a result of becoming independent from Toyota Motor, which is currently the largest shareholder with 24.75% ownership. Its main businesses are powertrain control systems, thermal systems, electrification systems, mobility systems, and sensors/semiconductor systems for mainly hybrid, internal combustion engine, battery electric, and fuel cell vehicles. The company operates globally and is headquartered in Kariya, Japan.

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