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ITO EN (TSE:2593) Cyclically Adjusted PS Ratio : 0.96 (As of May. 24, 2024)


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What is ITO EN Cyclically Adjusted PS Ratio?

As of today (2024-05-24), ITO EN's current share price is 円3740.00. ITO EN's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was 円3,886.59. ITO EN's Cyclically Adjusted PS Ratio for today is 0.96.

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

TSE:2593' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.5   Max: 2.26
Current: 0.99

During the past years, ITO EN's highest Cyclically Adjusted PS Ratio was 2.26. The lowest was 0.94. And the median was 1.50.

TSE:2593's Cyclically Adjusted PS Ratio is ranked better than
60.49% of 81 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.43 vs TSE:2593: 0.99

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.

ITO EN's adjusted revenue per share data for the three months ended in Jan. 2024 was 円850.266. 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3,886.59 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ITO EN Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ITO EN'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.

ITO EN Cyclically Adjusted PS Ratio Chart

ITO EN Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.59 1.67 1.68 1.45 1.10

ITO EN Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.21 1.10 1.06 1.26 1.11

Competitive Comparison of ITO EN's Cyclically Adjusted PS Ratio

For the Beverages - Non-Alcoholic subindustry, ITO EN'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.


ITO EN's Cyclically Adjusted PS Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, ITO EN's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



ITO EN 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.

ITO EN's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3740.00/3886.59
=0.96

* 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.

ITO EN's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, ITO EN's adjusted Revenue per Share data for the three months ended in Jan. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=850.266/106.9000*106.9000
=850.266

Current CPI (Jan. 2024) = 106.9000.

ITO EN Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 798.519 97.700 873.712
201407 966.919 98.100 1,053.656
201410 937.758 98.200 1,020.838
201501 727.976 97.800 795.712
201504 782.258 98.400 849.831
201507 1,041.647 98.300 1,132.778
201510 953.968 98.500 1,035.322
201601 824.100 97.700 901.702
201604 818.874 98.100 892.331
201607 1,048.065 97.900 1,144.414
201610 1,008.842 98.600 1,093.765
201701 860.173 98.200 936.380
201704 856.248 98.500 929.268
201707 1,111.345 98.300 1,208.574
201710 1,016.093 98.800 1,099.396
201801 882.013 99.500 947.610
201804 917.929 99.100 990.178
201807 1,141.436 99.200 1,230.035
201810 1,071.378 100.200 1,143.017
201901 921.492 99.700 988.039
201904 903.242 100.000 965.566
201907 1,071.304 99.800 1,147.519
201910 1,071.208 100.400 1,140.559
202001 929.561 100.500 988.757
202004 756.452 100.200 807.033
202007 927.504 100.000 991.502
202010 948.563 99.800 1,016.046
202101 828.168 99.800 887.086
202104 798.356 99.100 861.193
202107 870.562 99.700 933.431
202110 811.582 99.900 868.450
202201 746.465 100.300 795.584
202204 757.604 101.500 797.910
202207 933.830 102.300 975.820
202210 902.856 103.700 930.717
202301 828.818 104.700 846.233
202304 806.665 105.100 820.480
202307 999.151 105.700 1,010.494
202310 966.476 107.100 964.671
202401 850.266 106.900 850.266

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.


ITO EN  (TSE:2593) 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.


ITO EN Cyclically Adjusted PS Ratio Related Terms

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


ITO EN (TSE:2593) Business Description

Traded in Other Exchanges
Address
47-10, Honmachi 3-chome, Shibuya-ku, Tokyo, JPN, 151-8550
ITO EN Ltd makes beverages and other tea and nutritional products that it sells in Japan. Ito En primarily sells green tea products, including ready-to-drink beverages, tea bags, and other tea leaf products, under its Oi Ocha brand. Other beverages the company sells include black tea, Chinese tea, coffee, vegetable beverages, fruit beverages, mineral water, and functional beverages. The Leaf- and Drink-Related business segment makes up roughly 90% of the company's total revenue. Most remaining revenue is generated from Ito En's restaurant business, which operates hundreds of Tully's coffee shops in Japan.

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