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Canon (XSWX:CAI) Cyclically Adjusted PS Ratio : (As of May. 26, 2024)


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What is Canon Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canon Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Canon'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.

Canon Cyclically Adjusted PS Ratio Chart

Canon Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.59 0.82 0.79 0.96

Canon Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.79 0.81 1.03 0.97 0.96

Competitive Comparison of Canon's Cyclically Adjusted PS Ratio

For the Computer Hardware subindustry, Canon'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.


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

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

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



Canon 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.

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

For example, Canon'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)
=6.473/106.8000*106.8000
=6.473

Current CPI (Dec. 2023) = 106.8000.

Canon Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 6.608 95.700 7.374
201406 7.305 98.000 7.961
201409 6.879 98.500 7.459
201412 7.889 97.900 8.606
201503 6.390 97.900 6.971
201506 6.722 98.400 7.296
201509 6.862 98.500 7.440
201512 7.811 98.100 8.504
201603 6.342 97.900 6.919
201606 7.249 98.100 7.892
201609 6.819 98.000 7.431
201612 7.767 98.400 8.430
201703 7.900 98.100 8.601
201706 7.955 98.500 8.625
201709 8.003 98.800 8.651
201712 9.062 99.400 9.737
201803 7.954 99.200 8.563
201806 8.384 99.200 9.026
201809 7.412 99.900 7.924
201812 8.665 99.700 9.282
201903 7.207 99.700 7.720
201906 7.670 99.800 8.208
201909 7.418 100.100 7.915
201912 7.953 100.500 8.452
202003 6.455 100.300 6.873
202006 5.514 99.900 5.895
202009 6.090 99.900 6.511
202012 7.497 99.300 8.063
202103 6.676 99.900 7.137
202106 6.734 99.500 7.228
202109 6.465 100.100 6.898
202112 7.159 100.100 7.638
202203 6.383 101.100 6.743
202206 6.699 101.800 7.028
202209 6.266 103.100 6.491
202212 7.400 104.100 7.592
202303 6.227 104.400 6.370
202306 6.022 105.200 6.114
202309 5.778 106.200 5.811
202312 6.473 106.800 6.473

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.


Canon  (XSWX:CAI) 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.


Canon Cyclically Adjusted PS Ratio Related Terms

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


Canon (XSWX:CAI) Business Description

Industry
Traded in Other Exchanges
Address
30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo, JPN, 146-8501
Canon Inc designs, manufactures and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates four major business segments: printing, imaging, medical, industrial, and others. It generates maximum revenue from the printing segment. Printing Business Unit includes Office multifunction devices (MFDs), Document solutions, Laser multifunction printers (MFPs), Laser printers, Inkjet printers, Image scanners, Calculators, Digital continuous feed presses, Digital sheet-fed presses, and Large format printers.