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Kikkoman (TSE:2801) Cyclically Adjusted PS Ratio : 3.49 (As of Jun. 09, 2024)


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What is Kikkoman Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Kikkoman's current share price is 円1833.00. Kikkoman's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円524.52. Kikkoman's Cyclically Adjusted PS Ratio for today is 3.49.

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

TSE:2801' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.98   Med: 3.21   Max: 4.67
Current: 3.49

During the past years, Kikkoman's highest Cyclically Adjusted PS Ratio was 4.67. The lowest was 1.98. And the median was 3.21.

TSE:2801's Cyclically Adjusted PS Ratio is ranked worse than
87.88% of 1386 companies
in the Consumer Packaged Goods industry
Industry Median: 0.79 vs TSE:2801: 3.49

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.

Kikkoman's adjusted revenue per share data for the three months ended in Mar. 2024 was 円174.425. 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524.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kikkoman Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Kikkoman'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.

Kikkoman Cyclically Adjusted PS Ratio Chart

Kikkoman 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 2.37 3.26 3.75 2.81 3.75

Kikkoman 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 2.81 3.34 3.11 3.36 3.75

Competitive Comparison of Kikkoman's Cyclically Adjusted PS Ratio

For the Packaged Foods subindustry, Kikkoman'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.


Kikkoman's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kikkoman's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Kikkoman 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1833.00/524.52
=3.49

* 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.

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

For example, Kikkoman'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)
=174.425/107.2000*107.2000
=174.425

Current CPI (Mar. 2024) = 107.2000.

Kikkoman Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 88.161 98.000 96.437
201409 92.674 98.500 100.859
201412 101.435 97.900 111.071
201503 95.363 97.900 104.422
201506 103.443 98.400 112.694
201509 104.176 98.500 113.377
201512 110.444 98.100 120.689
201603 101.279 97.900 110.900
201606 102.369 98.100 111.865
201609 101.395 98.000 110.914
201612 108.722 98.400 118.445
201703 103.966 98.100 113.610
201706 110.633 98.500 120.405
201709 111.465 98.800 120.942
201712 115.991 99.400 125.093
201803 108.668 99.200 117.432
201806 116.444 99.200 125.835
201809 119.102 99.900 127.805
201812 122.191 99.700 131.383
201903 114.778 99.700 123.412
201906 120.475 99.800 129.408
201909 120.828 100.100 129.398
201912 129.049 100.500 137.652
202003 87.648 100.300 93.678
202006 104.969 99.900 112.639
202009 116.839 99.900 125.377
202012 118.384 99.300 127.802
202103 117.604 99.900 126.198
202106 128.962 99.500 138.942
202109 130.378 100.100 139.626
202112 142.143 100.100 152.225
202203 137.341 101.100 145.628
202206 154.276 101.800 162.460
202209 164.619 103.100 171.165
202212 168.171 104.100 173.179
202303 159.324 104.400 163.597
202306 165.669 105.200 168.819
202309 172.180 106.200 173.801
202312 180.876 106.800 181.553
202403 174.425 107.200 174.425

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.


Kikkoman  (TSE:2801) 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.


Kikkoman Cyclically Adjusted PS Ratio Related Terms

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


Kikkoman (TSE:2801) Business Description

Traded in Other Exchanges
Address
250 Noda, Noda-shi, Chiba, JPN, 278-8601
Kikkoman was founded in 1917 following the merger of eight family-owned companies in Noda, Chiba Prefecture, Japan. It is the largest soy sauce manufacturer in Japan and the U.S. Domestically, it sells a wide range of food and beverage products including but not limited to soy sauce, soy milk, licensed Del Monte products, and liquor. Kikkoman's products are shipped to over 100 countries with eight global production plants across the U.S., Asia, Europe, and South America. Apart from food manufacturing, Kikkoman also operates a wholesale business that resells Asian foods globally.

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