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Toho Gas Co (TSE:9533) Cyclically Adjusted PS Ratio : 0.75 (As of May. 26, 2024)


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What is Toho Gas Co Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Toho Gas Co's current share price is 円3837.00. Toho Gas Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円5,106.93. Toho Gas Co's Cyclically Adjusted PS Ratio for today is 0.75.

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

TSE:9533' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.8   Max: 1.53
Current: 0.75

During the past years, Toho Gas Co's highest Cyclically Adjusted PS Ratio was 1.53. The lowest was 0.48. And the median was 0.80.

TSE:9533's Cyclically Adjusted PS Ratio is ranked better than
67.11% of 447 companies
in the Utilities - Regulated industry
Industry Median: 1.28 vs TSE:9533: 0.75

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.

Toho Gas Co's adjusted revenue per share data for the three months ended in Dec. 2023 was 円1,414.069. 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5,106.93 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toho Gas Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Toho Gas Co'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.

Toho Gas Co Cyclically Adjusted PS Ratio Chart

Toho Gas Co 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 1.06 1.49 0.59 0.50 -

Toho Gas Co 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 0.50 0.50 0.51 0.58 -

Competitive Comparison of Toho Gas Co's Cyclically Adjusted PS Ratio

For the Utilities - Regulated Gas subindustry, Toho Gas Co'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.


Toho Gas Co's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Toho Gas Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Toho Gas Co 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.

Toho Gas Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3837.00/5106.93
=0.75

* 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.

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

For example, Toho Gas Co'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)
=1414.069/106.8000*106.8000
=1,414.069

Current CPI (Dec. 2023) = 106.8000.

Toho Gas Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1,590.283 95.700 1,774.736
201406 1,247.595 98.000 1,359.624
201409 1,185.362 98.500 1,285.245
201412 1,273.047 97.900 1,388.779
201503 1,621.343 97.900 1,768.738
201506 1,209.541 98.400 1,312.795
201509 979.140 98.500 1,061.646
201512 980.239 98.100 1,067.172
201603 1,260.978 97.900 1,375.612
201606 888.433 98.100 967.224
201609 750.476 98.000 817.866
201612 840.154 98.400 911.874
201703 1,139.146 98.100 1,240.171
201706 915.465 98.500 992.606
201709 865.574 98.800 935.661
201712 1,013.541 99.400 1,088.996
201803 1,234.047 99.200 1,328.591
201806 947.639 99.200 1,020.240
201809 938.931 99.900 1,003.782
201812 1,098.130 99.700 1,176.332
201903 1,352.402 99.700 1,448.711
201906 1,131.302 99.800 1,210.652
201909 1,036.048 100.100 1,105.394
201912 1,039.923 100.500 1,105.112
202003 1,379.533 100.300 1,468.934
202006 962.473 99.900 1,028.950
202009 956.905 99.900 1,022.998
202012 945.760 99.300 1,017.192
202103 1,251.972 99.900 1,338.445
202106 973.399 99.500 1,044.814
202109 995.171 100.100 1,061.781
202112 1,217.533 100.100 1,299.026
202203 1,704.825 101.100 1,800.943
202206 1,375.011 101.800 1,442.546
202209 1,506.236 103.100 1,560.291
202212 1,742.497 104.100 1,787.691
202303 2,093.369 104.400 2,141.492
202306 1,477.121 105.200 1,499.587
202309 1,385.181 106.200 1,393.007
202312 1,414.069 106.800 1,414.069

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.


Toho Gas Co  (TSE:9533) 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.


Toho Gas Co Cyclically Adjusted PS Ratio Related Terms

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


Toho Gas Co (TSE:9533) Business Description

Traded in Other Exchanges
Address
19-18,Sakurada-cho, Atsuta-ku, Nagoya, JPN, 456-8511
Toho Gas Co Ltd is a Japanese natural gas provider operating in the Tokai region of the Japanese island of Honshu. Toho Gas is mainly involved in the supply and distribution of natural gas and liquefied petroleum gas, or LPG, to urban areas within Tokai. The company segments its operations into Gas Sales, Gas Appliance Sales and Related Construction, and LPG and Other Energies business units. Toho Gas's Gas Sales division derives the vast majority of the company's total revenue from the sale and supply of natural gas to the many manufacturing plants and industrial customers that inhabit its home region. The company's sales of LPG and thermal energy to mainly industrial consumers also represent a significant revenue stream. Toho Gas is one of the largest city gas providers in Japan.

Toho Gas Co (TSE:9533) Headlines

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