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Tadano (TSE:6395) Cyclically Adjusted PS Ratio : 0.61 (As of Jun. 06, 2024)


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What is Tadano Cyclically Adjusted PS Ratio?

As of today (2024-06-06), Tadano's current share price is 円1078.50. Tadano's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円1,775.82. Tadano's Cyclically Adjusted PS Ratio for today is 0.61.

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

TSE:6395' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.73   Max: 1.69
Current: 0.62

During the past years, Tadano's highest Cyclically Adjusted PS Ratio was 1.69. The lowest was 0.51. And the median was 0.73.

TSE:6395's Cyclically Adjusted PS Ratio is ranked better than
63.58% of 173 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.04 vs TSE:6395: 0.62

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.

Tadano's adjusted revenue per share data for the three months ended in Mar. 2024 was 円492.152. 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1,775.82 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tadano Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tadano'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.

Tadano Cyclically Adjusted PS Ratio Chart

Tadano Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 0.82 0.56 0.82 0.67

Tadano 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 0.62 0.67 0.73 0.67 0.73

Competitive Comparison of Tadano's Cyclically Adjusted PS Ratio

For the Farm & Heavy Construction Machinery subindustry, Tadano'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.


Tadano's Cyclically Adjusted PS Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tadano's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Tadano 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1078.50/1775.82
=0.61

* 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.

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

For example, Tadano'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)
=492.152/107.2000*107.2000
=492.152

Current CPI (Mar. 2024) = 107.2000.

Tadano Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 348.167 98.000 380.852
201409 426.268 98.500 463.918
201412 370.540 97.900 405.739
201503 465.520 97.900 509.742
201506 356.401 98.400 388.274
201509 465.321 98.500 506.420
201512 359.860 98.100 393.242
201603 471.239 97.900 516.004
201606 331.880 98.100 362.666
201609 386.845 98.000 423.161
201612 293.470 98.400 319.715
201703 407.161 98.100 444.930
201706 278.500 98.500 303.098
201709 376.213 98.800 408.199
201712 292.902 99.400 315.886
201803 424.043 99.200 458.240
201806 276.175 99.200 298.447
201809 374.490 99.900 401.855
201812 339.648 99.700 365.198
201903 498.808 99.700 536.331
201906 318.755 99.800 342.390
201909 472.897 100.100 506.439
201912 383.811 100.500 409.398
202003 624.102 100.300 667.036
202006 341.138 99.900 366.066
202009 378.473 99.900 406.129
202012 327.374 99.300 353.419
202103 422.151 99.900 452.999
202106 333.925 99.500 359.766
202109 444.804 100.100 476.354
202112 320.596 100.100 343.336
202203 523.293 101.100 554.867
202206 612.488 101.800 644.978
202209 423.126 103.100 439.953
202212 486.005 104.100 500.478
202303 511.570 104.400 525.290
202306 539.083 105.200 549.332
202309 556.821 106.200 562.064
202312 601.551 106.800 603.804
202403 492.152 107.200 492.152

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.


Tadano  (TSE:6395) 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.


Tadano Cyclically Adjusted PS Ratio Related Terms

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


Tadano (TSE:6395) Business Description

Traded in Other Exchanges
Address
34 Kou, Nittacho, Kagawa Prefecture, Takamatsu City, JPN, 761-0185
Tadano Ltd manufactures cranes, aerial work platforms, and other components. Mobile cranes account for majority of sales, but the company has diversified into truck cranes, loader cranes, and other special purpose vehicles. Its equipment is built for various terrains with multiple steering and acceleration controls. Tadano has three reportable segments: Japan (majority of total revenue), Europe, and Americas. Its research and development division looks to utilize innovative and cutting-edge technologies for both domestic and overseas markets. The company offers used equipment and various cylinders to help meet urgent demand. A wide range of experienced and trained technicians help customize components for the operating machines.

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