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Anritsu (TSE:6754) Cyclically Adjusted PS Ratio : 1.53 (As of May. 24, 2024)


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What is Anritsu Cyclically Adjusted PS Ratio?

As of today (2024-05-24), Anritsu's current share price is 円1206.00. Anritsu's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円787.75. Anritsu's Cyclically Adjusted PS Ratio for today is 1.53.

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

TSE:6754' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.28   Med: 2.41   Max: 3.82
Current: 1.51

During the past years, Anritsu's highest Cyclically Adjusted PS Ratio was 3.82. The lowest was 1.28. And the median was 2.41.

TSE:6754's Cyclically Adjusted PS Ratio is ranked worse than
60.35% of 1922 companies
in the Hardware industry
Industry Median: 1.06 vs TSE:6754: 1.51

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.

Anritsu's adjusted revenue per share data for the three months ended in Mar. 2024 was 円244.349. 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787.75 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Anritsu Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Anritsu'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.

Anritsu Cyclically Adjusted PS Ratio Chart

Anritsu 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 2.87 3.40 2.13 1.60 1.56

Anritsu 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 1.60 1.60 1.37 1.73 1.56

Competitive Comparison of Anritsu's Cyclically Adjusted PS Ratio

For the Electronic Components subindustry, Anritsu'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.


Anritsu's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Anritsu's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Anritsu 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1206.00/787.75
=1.53

* 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.

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

For example, Anritsu'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)
=244.349/107.2000*107.2000
=244.349

Current CPI (Mar. 2024) = 107.2000.

Anritsu Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 154.652 98.000 169.170
201409 180.238 98.500 196.157
201412 169.996 97.900 186.145
201503 195.863 97.900 214.469
201506 172.014 98.400 187.397
201509 184.704 98.500 201.018
201512 168.834 98.100 184.495
201603 169.976 97.900 186.123
201606 147.744 98.100 161.449
201609 152.292 98.000 166.589
201612 153.435 98.400 167.157
201703 184.796 98.100 201.938
201706 141.455 98.500 153.949
201709 154.836 98.800 168.000
201712 157.025 99.400 169.347
201803 172.563 99.200 186.479
201806 151.770 99.200 164.010
201809 169.987 99.900 182.408
201812 194.868 99.700 209.527
201903 207.630 99.700 223.249
201906 169.060 99.800 181.596
201909 193.306 100.100 207.017
201912 193.548 100.500 206.451
202003 222.613 100.300 237.927
202006 186.854 99.900 200.508
202009 192.479 99.900 206.544
202012 177.461 99.300 191.579
202103 213.612 99.900 229.221
202106 172.985 99.500 186.372
202109 200.271 100.100 214.476
202112 182.265 100.100 195.193
202203 218.521 101.100 231.706
202206 194.764 101.800 205.095
202209 210.559 103.100 218.932
202212 210.512 104.100 216.781
202303 221.898 104.400 227.849
202306 172.716 105.200 176.000
202309 213.810 106.200 215.823
202312 204.188 106.800 204.953
202403 244.349 107.200 244.349

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.


Anritsu  (TSE:6754) 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.


Anritsu Cyclically Adjusted PS Ratio Related Terms

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


Anritsu (TSE:6754) Business Description

Industry
Traded in Other Exchanges
Address
5-1-1 Onna, Atsugi-shi, Kanagawa, JPN, 243-8555
Anritsu Corp is an electronic components manufacturer. The company has three business segments: Measurement, Products Quality Assurance, and Others. The Measurement segment offers measuring devices for mobile phone acceptance testing by mobile phone operators. The Product Quality Assurance Segment offers automatic electronic weighing equipment and contaminant detectors for food, cosmetics, and pharmaceutical industries, and x-ray detectors for contaminants. Anritsu's x-ray machines can detect and remove metal fragments. The Other business segment has a variety of interests, including telecommunication equipment, logistics, and real estate. The company earns the vast majority of its revenue in Japan.

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