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GREE (TSE:3632) Cyclically Adjusted PS Ratio : 1.42 (As of Jun. 08, 2024)


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What is GREE Cyclically Adjusted PS Ratio?

As of today (2024-06-08), GREE's current share price is 円513.00. GREE's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円360.42. GREE's Cyclically Adjusted PS Ratio for today is 1.42.

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

TSE:3632' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.47   Max: 3.23
Current: 1.43

During the past years, GREE's highest Cyclically Adjusted PS Ratio was 3.23. The lowest was 0.86. And the median was 1.47.

TSE:3632's Cyclically Adjusted PS Ratio is ranked better than
50.33% of 300 companies
in the Interactive Media industry
Industry Median: 1.51 vs TSE:3632: 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.

GREE's adjusted revenue per share data for the three months ended in Mar. 2024 was 円99.125. 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360.42 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


GREE Cyclically Adjusted PS Ratio Historical Data

The historical data trend for GREE'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.

GREE Cyclically Adjusted PS Ratio Chart

GREE Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.24 1.13 1.45 2.13 1.71

GREE 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 1.84 1.71 1.61 1.57 1.35

Competitive Comparison of GREE's Cyclically Adjusted PS Ratio

For the Electronic Gaming & Multimedia subindustry, GREE'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.


GREE's Cyclically Adjusted PS Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, GREE's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



GREE 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=513.00/360.42
=1.42

* 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.

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

For example, GREE'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)
=99.125/107.2000*107.2000
=99.125

Current CPI (Mar. 2024) = 107.2000.

GREE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 111.495 98.000 121.962
201409 107.716 98.500 117.230
201412 101.869 97.900 111.546
201503 92.792 97.900 101.607
201506 89.580 98.400 97.591
201509 82.184 98.500 89.443
201512 77.131 98.100 84.286
201603 71.455 97.900 78.243
201606 66.409 98.100 72.569
201609 63.353 98.000 69.300
201612 65.211 98.400 71.043
201703 67.394 98.100 73.646
201706 81.549 98.500 88.752
201709 91.723 98.800 99.521
201712 82.460 99.400 88.931
201803 75.730 99.200 81.837
201806 80.308 99.200 86.784
201809 76.882 99.900 82.500
201812 75.100 99.700 80.749
201903 74.416 99.700 80.014
201906 74.237 99.800 79.742
201909 68.489 100.100 73.347
201912 70.932 100.500 75.661
202003 66.796 100.300 71.391
202006 65.337 99.900 70.111
202009 64.842 99.900 69.580
202012 73.894 99.300 79.773
202103 74.079 99.900 79.492
202106 68.710 99.500 74.027
202109 65.232 100.100 69.859
202112 103.129 100.100 110.444
202203 118.920 101.100 126.095
202206 118.921 101.800 125.229
202209 94.709 103.100 98.475
202212 95.440 104.100 98.282
202303 128.626 104.400 132.076
202306 116.364 105.200 118.576
202309 91.490 106.200 92.351
202312 82.652 106.800 82.962
202403 99.125 107.200 99.125

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.


GREE  (TSE:3632) 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.


GREE Cyclically Adjusted PS Ratio Related Terms

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


GREE (TSE:3632) Business Description

Traded in Other Exchanges
Address
10-1, Roppongi 6-Chome, Roppongi Hills Mori Tower, Minato-ku, Tokyo, JPN
Gree is a Japanese internet media company headquartered in Tokyo. Its business is divided into games, media, advertising, and investment. The games division provides games internationally via the App Store and Google Play from the company's studios in Japan and North America. The media segment is engaged in a variety of IT businesses, including services and media. The advertising segment targets mainly the smartphone advertising market. The company has investments in Internet technology services companies in Japan, North America, and Southeast Asia.

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