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Hitachi (Hitachi) Cyclically Adjusted PS Ratio : 1.17 (As of Apr. 27, 2024)


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What is Hitachi Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Hitachi's current share price is $177.69. Hitachi's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $152.44. Hitachi's Cyclically Adjusted PS Ratio for today is 1.17.

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

HTHIY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.35   Max: 1.36
Current: 1.26

During the past years, Hitachi's highest Cyclically Adjusted PS Ratio was 1.36. The lowest was 0.17. And the median was 0.35.

HTHIY's Cyclically Adjusted PS Ratio is ranked worse than
65.99% of 441 companies
in the Conglomerates industry
Industry Median: 0.74 vs HTHIY: 1.26

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.

Hitachi's adjusted revenue per share data for the three months ended in Dec. 2023 was $33.824. 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 $152.44 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hitachi Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hitachi'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.

Hitachi Cyclically Adjusted PS Ratio Chart

Hitachi Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.31 0.50 0.61 0.69

Hitachi 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 0.64 0.69 0.84 0.87 0.95

Competitive Comparison of Hitachi's Cyclically Adjusted PS Ratio

For the Conglomerates subindustry, Hitachi'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.


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

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

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



Hitachi 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=177.69/152.44
=1.17

* 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.

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

For example, Hitachi'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)
=33.824/106.8000*106.8000
=33.824

Current CPI (Dec. 2023) = 106.8000.

Hitachi Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 58.522 95.700 65.310
201406 43.860 98.000 47.798
201409 46.005 98.500 49.882
201412 41.511 97.900 45.285
201503 48.665 97.900 53.089
201506 38.736 98.400 42.043
201509 42.973 98.500 46.594
201512 41.234 98.100 44.891
201603 51.423 97.900 56.098
201606 41.884 98.100 45.598
201609 45.226 98.000 49.287
201612 38.649 98.400 41.948
201703 48.463 98.100 52.761
201706 38.973 98.500 42.257
201709 42.738 98.800 46.199
201712 42.098 99.400 45.232
201803 52.590 99.200 56.619
201806 40.720 99.200 43.840
201809 42.938 99.900 45.904
201812 42.295 99.700 45.307
201903 50.201 99.700 53.776
201906 38.905 99.800 41.634
201909 42.100 100.100 44.918
201912 40.297 100.500 42.823
202003 46.563 100.300 49.581
202006 30.650 99.900 32.767
202009 42.419 99.900 45.349
202012 44.207 99.300 47.546
202103 52.269 99.900 55.879
202106 44.444 99.500 47.705
202109 46.254 100.100 49.350
202112 45.647 100.100 48.702
202203 50.855 101.100 53.722
202206 39.744 101.800 41.696
202209 41.698 103.100 43.194
202212 42.449 104.100 43.550
202303 44.232 104.400 45.249
202306 35.057 105.200 35.590
202309 38.338 106.200 38.555
202312 33.824 106.800 33.824

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.


Hitachi  (OTCPK:HTHIY) 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.


Hitachi Cyclically Adjusted PS Ratio Related Terms

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


Hitachi (Hitachi) Business Description

Industry
Traded in Other Exchanges
Address
6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8280
Hitachi Ltd provides IT services and has an expertise in the range of business fields, including financial services. The company's main products and services include system integration, consulting, cloud services, servers, storage, software, telecommunications and networks, and ATMs. Hitachi operates in various segments namely, Information and Telecommunication Systems; Social Infrastructure and Industrial Systems; Electronic Systems and Equipment; Construction Machinery; High Functional Materials and Components; Automotive Systems; Smart Life and Ecofriendly Systems; Financial Services; and Others.