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Daicel (TSE:4202) Cyclically Adjusted PS Ratio : 1.04 (As of May. 23, 2024)


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What is Daicel Cyclically Adjusted PS Ratio?

As of today (2024-05-23), Daicel's current share price is 円1583.50. Daicel's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円1,523.30. Daicel's Cyclically Adjusted PS Ratio for today is 1.04.

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

TSE:4202' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.76   Max: 1.25
Current: 1.07

During the past years, Daicel's highest Cyclically Adjusted PS Ratio was 1.25. The lowest was 0.57. And the median was 0.76.

TSE:4202's Cyclically Adjusted PS Ratio is ranked better than
55.42% of 1209 companies
in the Chemicals industry
Industry Median: 1.23 vs TSE:4202: 1.07

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.

Daicel's adjusted revenue per share data for the three months ended in Dec. 2023 was 円508.145. 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1,523.30 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daicel Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Daicel'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.

Daicel Cyclically Adjusted PS Ratio Chart

Daicel 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 0.64 0.68 0.62 0.69 -

Daicel 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 0.69 0.88 0.84 0.90 -

Competitive Comparison of Daicel's Cyclically Adjusted PS Ratio

For the Specialty Chemicals subindustry, Daicel'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.


Daicel's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

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

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



Daicel 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1583.50/1523.3
=1.04

* 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.

Daicel's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Daicel's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=508.145/106.8000*106.8000
=508.145

Current CPI (Dec. 2023) = 106.8000.

Daicel Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 314.653 95.700 351.149
201406 308.823 98.000 336.554
201409 313.599 98.500 340.024
201412 325.536 97.900 355.130
201503 315.119 97.900 343.766
201506 322.905 98.400 350.470
201509 321.771 98.500 348.885
201512 329.198 98.100 358.393
201603 308.539 97.900 336.588
201606 297.951 98.100 324.375
201609 306.491 98.000 334.013
201612 326.146 98.400 353.988
201703 338.945 98.100 369.004
201706 324.320 98.500 351.648
201709 337.256 98.800 364.564
201712 339.729 99.400 365.021
201803 345.637 99.200 372.117
201806 341.072 99.200 367.203
201809 354.649 99.900 379.144
201812 365.179 99.700 391.185
201903 326.613 99.700 349.872
201906 317.983 99.800 340.286
201909 330.433 100.100 352.550
201912 318.276 100.500 338.228
202003 317.755 100.300 338.347
202006 270.995 99.900 289.712
202009 306.927 99.900 328.126
202012 351.823 99.300 378.396
202103 372.351 99.900 398.069
202106 369.551 99.500 396.664
202109 376.376 100.100 401.568
202112 392.686 100.100 418.970
202203 421.061 101.100 444.800
202206 432.795 101.800 454.052
202209 467.213 103.100 483.980
202212 471.622 104.100 483.854
202303 465.184 104.400 475.878
202306 457.939 105.200 464.904
202309 490.580 106.200 493.352
202312 508.145 106.800 508.145

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.


Daicel  (TSE:4202) 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.


Daicel Cyclically Adjusted PS Ratio Related Terms

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


Daicel (TSE:4202) Business Description

Industry
Traded in Other Exchanges
Address
Grand Front Osaka Tower-B, 3-1, Ofuka-cho, Kita-ku, Osaka, JPN
Daicel Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into four primary segments based on product type. The plastics segment, which generates more revenue than any other segment, sells plastic resins used in automobile and household products as well as food packaging products. The cellulosic derivatives segment sells acetate tow, which is used to produce cigarette filters. The organic chemicals segment sells acetic acid-based products used in the production of electronic materials, paints, cosmetics, and healthcare products. The pyrotechnic devices segment sells automobile safety parts including airbag inflators. The majority of revenue comes from Japan.

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