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Keikyu (TSE:9006) Cyclically Adjusted PS Ratio : 1.01 (As of Jun. 08, 2024)


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What is Keikyu Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Keikyu's current share price is 円1153.50. Keikyu's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円1,142.43. Keikyu's Cyclically Adjusted PS Ratio for today is 1.01.

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

TSE:9006' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.36   Max: 2.06
Current: 1.01

During the past years, Keikyu's highest Cyclically Adjusted PS Ratio was 2.06. The lowest was 1.01. And the median was 1.36.

TSE:9006's Cyclically Adjusted PS Ratio is ranked worse than
60.27% of 448 companies
in the Conglomerates industry
Industry Median: 0.725 vs TSE:9006: 1.01

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.

Keikyu's adjusted revenue per share data for the three months ended in Dec. 2023 was 円263.399. 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1,142.43 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keikyu Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Keikyu'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.

Keikyu Cyclically Adjusted PS Ratio Chart

Keikyu 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 1.55 1.47 1.11 1.11 -

Keikyu 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 1.11 1.12 1.11 1.13 -

Competitive Comparison of Keikyu's Cyclically Adjusted PS Ratio

For the Conglomerates subindustry, Keikyu'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.


Keikyu's Cyclically Adjusted PS Ratio Distribution in the Conglomerates Industry

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

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



Keikyu 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1153.50/1142.43
=1.01

* 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.

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

For example, Keikyu'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)
=263.399/106.8000*106.8000
=263.399

Current CPI (Dec. 2023) = 106.8000.

Keikyu Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 285.391 95.700 318.493
201406 262.835 98.000 286.437
201409 266.645 98.500 289.114
201412 279.022 97.900 304.388
201503 344.373 97.900 375.680
201506 260.889 98.400 283.160
201509 266.521 98.500 288.979
201512 302.606 98.100 329.443
201603 306.755 97.900 334.642
201606 258.063 98.100 280.949
201609 266.189 98.000 290.092
201612 272.107 98.400 295.336
201703 328.629 98.100 357.773
201706 263.634 98.500 285.849
201709 277.377 98.800 299.837
201712 308.819 99.400 331.810
201803 296.464 99.200 319.177
201806 273.975 99.200 294.965
201809 274.618 99.900 293.586
201812 314.971 99.700 337.401
201903 368.393 99.700 394.628
201906 318.714 99.800 341.069
201909 281.316 100.100 300.145
201912 268.414 100.500 285.240
202003 267.147 100.300 284.460
202006 167.263 99.900 178.816
202009 206.791 99.900 221.074
202012 239.910 99.300 258.030
202103 239.191 99.900 255.712
202106 191.495 99.500 205.544
202109 194.247 100.100 207.249
202112 237.686 100.100 253.595
202203 339.912 101.100 359.076
202206 216.189 101.800 226.807
202209 221.151 103.100 229.088
202212 239.027 104.100 245.227
202303 242.607 104.400 248.184
202306 225.373 105.200 228.801
202309 239.692 106.200 241.046
202312 263.399 106.800 263.399

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.


Keikyu  (TSE:9006) 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.


Keikyu Cyclically Adjusted PS Ratio Related Terms

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


Keikyu (TSE:9006) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2-20-20 Takanawa, Minato-ku, Tokyo, JPN, 108-8625
Keikyu Corp is one the major private railways in Japan. A link between different parts of Tokyo, it plays a vital role in its public transportation system, thereby earning most of its revenue through its Transportation segment. Its other business segments comprise of Real Estate, Leisure Services and Retailing. The Real Estate segment is involved in the sale and leasing of land and buildings. The Leisure segment operates hotels, golf courses and restaurants. Through its Retailing segment, the company sells merchandise at department stores.

Keikyu (TSE:9006) Headlines

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