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ONEX (TSE:5987) Cyclically Adjusted PS Ratio : 0.54 (As of Jun. 10, 2024)


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What is ONEX Cyclically Adjusted PS Ratio?

As of today (2024-06-10), ONEX's current share price is 円1876.00. ONEX's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円3,506.24. ONEX's Cyclically Adjusted PS Ratio for today is 0.54.

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

TSE:5987' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.29   Max: 0.64
Current: 0.54

During the past years, ONEX's highest Cyclically Adjusted PS Ratio was 0.64. The lowest was 0.17. And the median was 0.29.

TSE:5987's Cyclically Adjusted PS Ratio is ranked better than
78.94% of 2199 companies
in the Industrial Products industry
Industry Median: 1.4 vs TSE:5987: 0.54

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.

ONEX's adjusted revenue per share data for the three months ended in Mar. 2024 was 円734.239. 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3,506.24 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ONEX Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ONEX'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.

ONEX Cyclically Adjusted PS Ratio Chart

ONEX 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 0.31 0.22 0.30 0.26 0.29

ONEX 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 0.25 0.29 0.48 0.53 0.52

Competitive Comparison of ONEX's Cyclically Adjusted PS Ratio

For the Metal Fabrication subindustry, ONEX'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.


ONEX's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ONEX's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



ONEX 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1876.00/3506.24
=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.

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

For example, ONEX'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)
=734.239/107.2000*107.2000
=734.239

Current CPI (Mar. 2024) = 107.2000.

ONEX Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 786.640 98.000 860.488
201409 778.961 98.500 847.763
201412 803.451 97.900 879.775
201503 790.807 97.900 865.930
201506 772.702 98.400 841.805
201509 760.830 98.500 828.030
201512 753.138 98.100 823.001
201603 817.873 97.900 895.567
201606 778.920 98.100 851.175
201609 795.318 98.000 869.981
201612 814.870 98.400 887.745
201703 835.340 98.100 912.828
201706 860.951 98.500 936.994
201709 882.876 98.800 957.938
201712 972.551 99.400 1,048.868
201803 922.985 99.200 997.419
201806 921.233 99.200 995.526
201809 937.984 99.900 1,006.525
201812 1,027.082 99.700 1,104.345
201903 919.260 99.700 988.412
201906 891.635 99.800 957.748
201909 855.763 100.100 916.461
201912 861.714 100.500 919.162
202003 853.394 100.300 912.102
202006 639.918 99.900 686.679
202009 655.815 99.900 703.737
202012 780.769 99.300 842.885
202103 826.092 99.900 886.457
202106 796.794 99.500 858.455
202109 786.879 100.100 842.692
202112 824.120 100.100 882.574
202203 796.776 101.100 844.851
202206 793.529 101.800 835.622
202209 829.770 103.100 862.768
202212 842.313 104.100 867.396
202303 791.013 104.400 812.228
202306 775.737 105.200 790.485
202309 759.242 106.200 766.391
202312 736.598 106.800 739.357
202403 734.239 107.200 734.239

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.


ONEX  (TSE:5987) 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.


ONEX Cyclically Adjusted PS Ratio Related Terms

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


ONEX (TSE:5987) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3012-3 Uenohara, Kamiechi, Kanagawa, Atsugi, JPN, 243-0283
ONEX Corp is a Japan-based company engaged in Metal heat treatment and processing business and Metal remediation and processing business. The proprietary technologies of the company comprise of Carburizing Technology, Arbonitriding Heat Treatment, Vacuum Heat Treatment, High Frequency Heat Treatment and Bright Heat Treatment among other technologies.

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