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Dai-ichi Life Holdings (STU:QHH) Cyclically Adjusted PS Ratio : 0.54 (As of Oct. 09, 2024)


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What is Dai-ichi Life Holdings Cyclically Adjusted PS Ratio?

As of today (2024-10-09), Dai-ichi Life Holdings's current share price is €23.40. Dai-ichi Life Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €43.47. Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio for today is 0.54.

The historical rank and industry rank for Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:QHH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.38   Max: 0.65
Current: 0.53

During the past years, Dai-ichi Life Holdings's highest Cyclically Adjusted PS Ratio was 0.65. The lowest was 0.19. And the median was 0.38.

STU:QHH's Cyclically Adjusted PS Ratio is ranked better than
74.87% of 394 companies
in the Insurance industry
Industry Median: 1.06 vs STU:QHH: 0.53

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.

Dai-ichi Life Holdings's adjusted revenue per share data for the three months ended in Mar. 2024 was €19.562. 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 €43.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dai-ichi Life Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Dai-ichi Life Holdings'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.

Dai-ichi Life Holdings Cyclically Adjusted PS Ratio Chart

Dai-ichi Life Holdings 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 0.23 0.33 0.41 0.37 0.54

Dai-ichi Life Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.41 0.45 0.43 0.54 -

Competitive Comparison of Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio

For the Insurance - Life subindustry, Dai-ichi Life Holdings'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.


Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio falls into.



Dai-ichi Life Holdings 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.

Dai-ichi Life Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.40/43.47
=0.54

* 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.

Dai-ichi Life Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Dai-ichi Life Holdings'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)
=19.562/107.2000*107.2000
=19.562

Current CPI (Mar. 2024) = 107.2000.

Dai-ichi Life Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 11.785 98.000 12.891
201409 10.885 98.500 11.846
201412 10.539 97.900 11.540
201503 11.833 97.900 12.957
201506 11.078 98.400 12.069
201509 9.150 98.500 9.958
201512 11.166 98.100 12.202
201603 11.919 97.900 13.051
201606 9.069 98.100 9.910
201609 11.203 98.000 12.255
201612 11.885 98.400 12.948
201703 11.596 98.100 12.672
201706 10.340 98.500 11.253
201709 11.002 98.800 11.937
201712 11.450 99.400 12.348
201803 9.756 99.200 10.543
201806 10.500 99.200 11.347
201809 12.157 99.900 13.045
201812 9.452 99.700 10.163
201903 12.745 99.700 13.704
201906 11.325 99.800 12.165
201909 12.311 100.100 13.184
201912 12.600 100.500 13.440
202003 9.867 100.300 10.546
202006 10.553 99.900 11.324
202009 12.125 99.900 13.011
202012 12.388 99.300 13.374
202103 18.745 99.900 20.115
202106 12.548 99.500 13.519
202109 12.274 100.100 13.145
202112 13.915 100.100 14.902
202203 17.848 101.100 18.925
202206 17.174 101.800 18.085
202209 15.400 103.100 16.012
202212 13.461 104.100 13.862
202303 12.051 104.400 12.374
202306 19.014 105.200 19.375
202309 15.871 106.200 16.020
202312 13.936 106.800 13.988
202403 19.562 107.200 19.562

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.


Dai-ichi Life Holdings  (STU:QHH) 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.


Dai-ichi Life Holdings Cyclically Adjusted PS Ratio Related Terms

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


Dai-ichi Life Holdings Business Description

Traded in Other Exchanges
Address
13-1, Yurakucho 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8411
Dai-Ichi Life is Japan's second-largest life insurance company excluding recently privatized Japan Post Insurance, with a market share of around 11% of annualized net premiums. Unlike its largest domestic competitors Nippon Life, Meiji Yasuda, and Sumitomo Life, which remain mutually owned by their policyholders, Dai-Ichi Life demutualized and listed on the Tokyo Stock Exchange in 2010. Its main domestic operating company accounts for around 60% of profits, its Frontier bancassurance subsidiary selling mainly savings products accounts for around 10%, Alabama-based Protective Life accounts for around 15%, TAL in Australia accounts for 7%, and Dai-Ichi Life Vietnam around 5%. Dai-Ichi also holds a 30% economic interest in Mizuho's Asset Management One.

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