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Tokio Marine Holdings (FRA:MH6) Cyclically Adjusted PS Ratio : 1.69 (As of May. 17, 2024)


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What is Tokio Marine Holdings Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Tokio Marine Holdings's current share price is €28.47. Tokio Marine Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €16.80. Tokio Marine Holdings's Cyclically Adjusted PS Ratio for today is 1.69.

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

FRA:MH6' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.68   Med: 0.99   Max: 1.92
Current: 1.85

During the past years, Tokio Marine Holdings's highest Cyclically Adjusted PS Ratio was 1.92. The lowest was 0.68. And the median was 0.99.

FRA:MH6's Cyclically Adjusted PS Ratio is ranked worse than
76.11% of 406 companies
in the Insurance industry
Industry Median: 1.015 vs FRA:MH6: 1.85

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.

Tokio Marine Holdings's adjusted revenue per share data for the three months ended in Dec. 2023 was €5.885. 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 €16.80 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokio Marine Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tokio Marine Holdings'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.

Tokio Marine Holdings Cyclically Adjusted PS Ratio Chart

Tokio Marine Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.83 0.84 1.06 1.03

Tokio Marine Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.16 1.03 1.31 1.33 1.32

Competitive Comparison of Tokio Marine Holdings's Cyclically Adjusted PS Ratio

For the Insurance - Property & Casualty subindustry, Tokio Marine Holdings'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.


Tokio Marine Holdings's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tokio Marine Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Tokio Marine Holdings 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.

Tokio Marine Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=28.47/16.8
=1.69

* 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.

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

For example, Tokio Marine Holdings'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)
=5.885/106.8000*106.8000
=5.885

Current CPI (Dec. 2023) = 106.8000.

Tokio Marine Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.282 95.700 3.663
201406 3.192 98.000 3.479
201409 2.987 98.500 3.239
201412 2.655 97.900 2.896
201503 3.811 97.900 4.157
201506 3.231 98.400 3.507
201509 3.612 98.500 3.916
201512 3.712 98.100 4.041
201603 4.299 97.900 4.690
201606 4.835 98.100 5.264
201609 4.600 98.000 5.013
201612 4.142 98.400 4.496
201703 5.453 98.100 5.937
201706 4.634 98.500 5.024
201709 4.253 98.800 4.597
201712 4.362 99.400 4.687
201803 4.978 99.200 5.359
201806 4.836 99.200 5.207
201809 4.664 99.900 4.986
201812 4.751 99.700 5.089
201903 5.253 99.700 5.627
201906 5.220 99.800 5.586
201909 5.227 100.100 5.577
201912 5.049 100.500 5.366
202003 5.704 100.300 6.074
202006 4.940 99.900 5.281
202009 5.095 99.900 5.447
202012 4.941 99.300 5.314
202103 5.315 99.900 5.682
202106 5.035 99.500 5.404
202109 5.172 100.100 5.518
202112 5.342 100.100 5.700
202203 5.910 101.100 6.243
202206 4.971 101.800 5.215
202209 5.543 103.100 5.742
202212 6.070 104.100 6.227
202303 5.937 104.400 6.073
202306 5.427 105.200 5.510
202309 5.798 106.200 5.831
202312 5.885 106.800 5.885

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.


Tokio Marine Holdings  (FRA:MH6) 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.


Tokio Marine Holdings Cyclically Adjusted PS Ratio Related Terms

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


Tokio Marine Holdings (FRA:MH6) Business Description

Traded in Other Exchanges
Address
Tokio Marine Nichido Building Shinkan, 2-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Dating back to 1879, Tokio Marine is Japan's oldest insurance company and was its top property and casualty insurer in terms of market share for many decades. After mergers of its smaller rivals in the past few years, the company is now roughly the same size in the domestic nonlife market as MS&AD and Sompo Holdings, but it remains the most valuable listed Japanese insurer in terms of market capitalization due to its larger overseas business portfolio. The majority of its overseas business is in the U.S., where it has purchased four specialty insurers since 2008: Philadelphia Consolidated, Delphi Financial, HCC, and PURE. It is a member of the Mitsubishi keiretsu group and holds minority stakes in a number of group companies that also rank among its shareholders.

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