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NSK (FRA:NSK) Cyclically Adjusted PS Ratio : 0.40 (As of Jun. 06, 2024)


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What is NSK Cyclically Adjusted PS Ratio?

As of today (2024-06-06), NSK's current share price is €4.36. NSK's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €10.96. NSK's Cyclically Adjusted PS Ratio for today is 0.40.

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

FRA:NSK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.59   Max: 1.47
Current: 0.41

During the past years, NSK's highest Cyclically Adjusted PS Ratio was 1.47. The lowest was 0.35. And the median was 0.59.

FRA:NSK's Cyclically Adjusted PS Ratio is ranked better than
63.88% of 1005 companies
in the Vehicles & Parts industry
Industry Median: 0.66 vs FRA:NSK: 0.41

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.

NSK's adjusted revenue per share data for the three months ended in Mar. 2024 was €2.512. 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 €10.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


NSK Cyclically Adjusted PS Ratio Historical Data

The historical data trend for NSK'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.

NSK Cyclically Adjusted PS Ratio Chart

NSK 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 0.41 0.67 0.42 0.41 0.47

NSK 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 0.41 0.50 0.45 0.41 0.47

Competitive Comparison of NSK's Cyclically Adjusted PS Ratio

For the Auto Parts subindustry, NSK'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.


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

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

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



NSK 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.36/10.96
=0.40

* 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.

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

For example, NSK'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)
=2.512/107.2000*107.2000
=2.512

Current CPI (Mar. 2024) = 107.2000.

NSK Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.056 98.000 3.343
201409 3.135 98.500 3.412
201412 3.106 97.900 3.401
201503 3.726 97.900 4.080
201506 3.339 98.400 3.638
201509 3.265 98.500 3.553
201512 3.424 98.100 3.742
201603 3.512 97.900 3.846
201606 3.682 98.100 4.024
201609 3.707 98.000 4.055
201612 3.744 98.400 4.079
201703 3.933 98.100 4.298
201706 3.699 98.500 4.026
201709 3.572 98.800 3.876
201712 3.737 99.400 4.030
201803 3.793 99.200 4.099
201806 3.829 99.200 4.138
201809 3.625 99.900 3.890
201812 3.783 99.700 4.068
201903 3.625 99.700 3.898
201906 3.555 99.800 3.819
201909 3.484 100.100 3.731
201912 3.323 100.500 3.545
202003 3.099 100.300 3.312
202006 2.077 99.900 2.229
202009 2.935 99.900 3.149
202012 3.304 99.300 3.567
202103 3.234 99.900 3.470
202106 3.128 99.500 3.370
202109 3.065 100.100 3.282
202112 3.251 100.100 3.482
202203 3.460 101.100 3.669
202206 2.517 101.800 2.651
202209 2.776 103.100 2.886
202212 2.645 104.100 2.724
202303 4.849 104.400 4.979
202306 2.443 105.200 2.489
202309 2.565 106.200 2.589
202312 2.615 106.800 2.625
202403 2.512 107.200 2.512

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.


NSK  (FRA:NSK) 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.


NSK Cyclically Adjusted PS Ratio Related Terms

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


NSK (FRA:NSK) Business Description

Industry
Traded in Other Exchanges
Address
Nissei Building, 1-6-3 Ohsaki, Shinagawa-ku, Tokyo, JPN, 141-8560
NSK Ltd is a Japan-based company which manufactures and sells automotive products, precision machinery and mechatronic products. The company has two business segments, the Industrial Machinery business and the Automotive Business. The Industrial machinery bearing business is comprised of three sub-segments the general machinery, electrical and IT equipment and Aftermarket segment. The Automotive business is engaged in production and sales of bearings for car manufacturers and automotive component manufacturers, steering columns and automatic transmission components. Its products include ball bearings, roller bearings, Plummer blocks, electric power steering and super precision bearings.

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