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Eiken Chemical Co (TSE:4549) Cyclically Adjusted PS Ratio : 1.99 (As of Jun. 02, 2024)


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What is Eiken Chemical Co Cyclically Adjusted PS Ratio?

As of today (2024-06-02), Eiken Chemical Co's current share price is 円2097.00. Eiken Chemical Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円1,052.48. Eiken Chemical Co's Cyclically Adjusted PS Ratio for today is 1.99.

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

TSE:4549' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.33   Med: 2.11   Max: 3.29
Current: 1.99

During the past years, Eiken Chemical Co's highest Cyclically Adjusted PS Ratio was 3.29. The lowest was 1.33. And the median was 2.11.

TSE:4549's Cyclically Adjusted PS Ratio is ranked better than
53.8% of 474 companies
in the Medical Devices & Instruments industry
Industry Median: 2.155 vs TSE:4549: 1.99

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.

Eiken Chemical Co's adjusted revenue per share data for the three months ended in Dec. 2023 was 円273.327. 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1,052.48 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eiken Chemical Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Eiken Chemical Co'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.

Eiken Chemical Co Cyclically Adjusted PS Ratio Chart

Eiken Chemical Co 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 2.22 2.38 1.81 1.54 -

Eiken Chemical Co 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 1.54 1.50 1.31 1.62 -

Competitive Comparison of Eiken Chemical Co's Cyclically Adjusted PS Ratio

For the Medical Devices subindustry, Eiken Chemical Co'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.


Eiken Chemical Co's Cyclically Adjusted PS Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Eiken Chemical Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Eiken Chemical Co 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.

Eiken Chemical Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2097.00/1052.48
=1.99

* 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.

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

For example, Eiken Chemical Co'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)
=273.327/106.8000*106.8000
=273.327

Current CPI (Dec. 2023) = 106.8000.

Eiken Chemical Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 196.566 95.700 219.365
201406 208.039 98.000 226.720
201409 221.323 98.500 239.973
201412 208.260 97.900 227.193
201503 203.125 97.900 221.591
201506 212.337 98.400 230.463
201509 229.096 98.500 248.401
201512 214.388 98.100 233.401
201603 214.324 97.900 233.808
201606 223.178 98.100 242.971
201609 230.819 98.000 251.546
201612 228.182 98.400 247.661
201703 216.390 98.100 235.581
201706 235.472 98.500 255.314
201709 235.881 98.800 254.981
201712 244.562 99.400 262.769
201803 227.764 99.200 245.214
201806 237.481 99.200 255.675
201809 237.936 99.900 254.370
201812 253.735 99.700 271.804
201903 233.991 99.700 250.654
201906 248.633 99.800 266.072
201909 260.518 100.100 277.955
201912 245.038 100.500 260.399
202003 230.384 100.300 245.314
202006 220.937 99.900 236.197
202009 255.905 99.900 273.580
202012 290.774 99.300 312.736
202103 271.758 99.900 290.528
202106 282.612 99.500 303.346
202109 290.790 100.100 310.253
202112 281.664 100.100 300.517
202203 299.979 101.100 316.892
202206 297.970 101.800 312.605
202209 315.750 103.100 327.081
202212 294.843 104.100 302.490
202303 252.177 104.400 257.974
202306 264.280 105.200 268.299
202309 278.253 106.200 279.825
202312 273.327 106.800 273.327

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.


Eiken Chemical Co  (TSE:4549) 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.


Eiken Chemical Co Cyclically Adjusted PS Ratio Related Terms

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


Eiken Chemical Co (TSE:4549) Business Description

Traded in Other Exchanges
N/A
Address
4-19-9 Taito, Taito-ku, Tokyo, JPN, 110-8408
Eiken Chemical Co Ltd is a Japan-based company. It manufactures and sells clinical diagnostics and equipment. The company is engaged in processing, manufacture, purchase and sale of test agents, property and casualty insurance agency business. It as a general manufacturer of clinical diagnostics offers a wide range of in vitro diagnostic aids for all fields of medicine. Its major products include the Fecal immunochemical test, Molecular Genetics (LAMP), Microbiology, among many others.

Eiken Chemical Co (TSE:4549) Headlines

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