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CKD (TSE:6407) Cyclically Adjusted PS Ratio : 1.68 (As of May. 26, 2024)


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What is CKD Cyclically Adjusted PS Ratio?

As of today (2024-05-26), CKD's current share price is 円3150.00. CKD's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円1,876.20. CKD's Cyclically Adjusted PS Ratio for today is 1.68.

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

TSE:6407' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.25   Max: 2.34
Current: 1.68

During the past years, CKD's highest Cyclically Adjusted PS Ratio was 2.34. The lowest was 0.68. And the median was 1.25.

TSE:6407's Cyclically Adjusted PS Ratio is ranked worse than
55.97% of 2194 companies
in the Industrial Products industry
Industry Median: 1.43 vs TSE:6407: 1.68

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.

CKD's adjusted revenue per share data for the three months ended in Dec. 2023 was 円505.462. 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1,876.20 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CKD Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CKD'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.

CKD Cyclically Adjusted PS Ratio Chart

CKD 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 1.02 1.55 1.18 1.21 -

CKD 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 1.21 1.29 1.11 1.35 -

Competitive Comparison of CKD's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, CKD'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.


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

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

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



CKD 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3150.00/1876.2
=1.68

* 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.

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

For example, CKD'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)
=505.462/106.8000*106.8000
=505.462

Current CPI (Dec. 2023) = 106.8000.

CKD Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 329.496 95.700 367.713
201406 303.257 98.000 330.488
201409 337.091 98.500 365.496
201412 339.573 97.900 370.443
201503 355.169 97.900 387.457
201506 378.828 98.400 411.167
201509 347.756 98.500 377.059
201512 299.409 98.100 325.962
201603 394.097 97.900 429.924
201606 335.546 98.100 365.304
201609 358.012 98.000 390.160
201612 383.417 98.400 416.148
201703 441.381 98.100 480.525
201706 411.541 98.500 446.219
201709 464.364 98.800 501.964
201712 490.689 99.400 527.219
201803 502.051 99.200 540.515
201806 497.182 99.200 535.273
201809 479.207 99.900 512.305
201812 469.138 99.700 502.547
201903 422.497 99.700 452.585
201906 375.727 99.800 402.081
201909 389.411 100.100 415.475
201912 414.632 100.500 440.624
202003 444.066 100.300 472.844
202006 404.376 99.900 432.306
202009 364.973 99.900 390.181
202012 386.726 99.300 415.935
202103 466.847 99.900 499.092
202106 500.870 99.500 537.617
202109 516.746 100.100 551.333
202112 552.188 100.100 589.148
202203 563.735 101.100 595.518
202206 570.529 101.800 598.551
202209 632.383 103.100 655.078
202212 598.656 104.100 614.183
202303 589.287 104.400 602.834
202306 494.927 105.200 502.454
202309 501.926 106.200 504.762
202312 505.462 106.800 505.462

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.


CKD  (TSE:6407) 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.


CKD Cyclically Adjusted PS Ratio Related Terms

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


CKD (TSE:6407) Business Description

Industry
Traded in Other Exchanges
Address
2-250, Ouji, Aichi, Komaki, JPN, 485-8551
CKD is a Japan-based company that develops, manufactures, sells, and exports automatic machinery products, labor-saving components, pneumatic control components, fine system components, and fluid control components. The company's products are applied in semiconductor-related businesses, automobile-related businesses, and other sectors. CKD owns four plants in Japan, and also operates production bases in China, Thailand, South Korea, Malaysia, and Indonesia. The company generates the majority of its sales from the Asian market.

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