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Air Water (TSE:4088) Cyclically Adjusted PS Ratio : 0.54 (As of May. 24, 2024)


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What is Air Water Cyclically Adjusted PS Ratio?

As of today (2024-05-24), Air Water's current share price is 円2215.00. Air Water's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円4,066.71. Air Water's Cyclically Adjusted PS Ratio for today is 0.54.

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

TSE:4088' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.5   Max: 0.82
Current: 0.55

During the past years, Air Water's highest Cyclically Adjusted PS Ratio was 0.82. The lowest was 0.36. And the median was 0.50.

TSE:4088's Cyclically Adjusted PS Ratio is ranked better than
76.67% of 1209 companies
in the Chemicals industry
Industry Median: 1.24 vs TSE:4088: 0.55

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.

Air Water's adjusted revenue per share data for the three months ended in Mar. 2024 was 円1,225.338. 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4,066.71 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Air Water Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Air Water'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.

Air Water Cyclically Adjusted PS Ratio Chart

Air Water 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 0.44 0.56 0.48 0.43 0.59

Air Water 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 0.43 0.51 0.47 0.48 0.59

Competitive Comparison of Air Water's Cyclically Adjusted PS Ratio

For the Specialty Chemicals subindustry, Air Water'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.


Air Water's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Air Water's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Air Water 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.

Air Water's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2215.00/4066.71
=0.54

* 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.

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

For example, Air Water'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)
=1225.338/107.2000*107.2000
=1,225.338

Current CPI (Mar. 2024) = 107.2000.

Air Water Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 800.594 98.000 875.752
201409 832.788 98.500 906.344
201412 860.419 97.900 942.154
201503 872.680 97.900 955.580
201506 785.850 98.400 856.129
201509 859.201 98.500 935.090
201512 854.567 98.100 933.839
201603 862.299 97.900 944.213
201606 780.833 98.100 853.265
201609 825.051 98.000 902.505
201612 898.125 98.400 978.445
201703 927.317 98.100 1,013.337
201706 910.311 98.500 990.714
201709 925.035 98.800 1,003.682
201712 996.877 99.400 1,075.103
201803 1,020.912 99.200 1,103.244
201806 873.223 99.200 943.644
201809 1,031.485 99.900 1,106.859
201812 970.126 99.700 1,043.104
201903 1,042.644 99.700 1,121.078
201906 934.455 99.800 1,003.743
201909 900.349 100.100 964.210
201912 999.739 100.500 1,066.388
202003 953.328 100.300 1,018.911
202006 791.526 99.900 849.365
202009 852.239 99.900 914.515
202012 939.174 99.300 1,013.892
202103 980.236 99.900 1,051.865
202106 912.782 99.500 983.419
202109 941.922 100.100 1,008.732
202112 1,003.956 100.100 1,075.166
202203 1,062.478 101.100 1,126.584
202206 990.523 101.800 1,043.065
202209 1,052.093 103.100 1,093.932
202212 1,148.680 104.100 1,182.887
202303 1,227.360 104.400 1,260.278
202306 1,010.228 105.200 1,029.434
202309 1,083.286 106.200 1,093.486
202312 1,173.433 106.800 1,177.828
202403 1,225.338 107.200 1,225.338

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.


Air Water  (TSE:4088) 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.


Air Water Cyclically Adjusted PS Ratio Related Terms

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


Air Water (TSE:4088) Business Description

Industry
Traded in Other Exchanges
Address
12-8, Minami Semba 2-chome, Chuo-ku, Osaka, JPN, 542-0081
Air Water Inc manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into five primary segments based on product type. The industrial gas segment, which generates the most revenue of any segment, sells gases including oxygen used in blast furnaces to produce steel. The chemical business sells coal and fine chemicals to the agricultural and pharmaceutical industries. The medical segment sells medical gases and sterilization equipment to hospitals and home-care facilities. The agricultural and food products segment sells delicatessen meat, frozen foods, and fruit and vegetable juices. The energy segment sells natural gas.

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