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Copart (BSP:C1PR34) Cyclically Adjusted PS Ratio : 19.11 (As of May. 20, 2024)


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What is Copart Cyclically Adjusted PS Ratio?

As of today (2024-05-20), Copart's current share price is R$140.25. Copart's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2024 was R$7.34. Copart's Cyclically Adjusted PS Ratio for today is 19.11.

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

BSP:C1PR34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.18   Med: 12.19   Max: 22.06
Current: 19.53

During the past years, Copart's highest Cyclically Adjusted PS Ratio was 22.06. The lowest was 5.18. And the median was 12.19.

BSP:C1PR34's Cyclically Adjusted PS Ratio is ranked worse than
98.84% of 692 companies
in the Business Services industry
Industry Median: 0.88 vs BSP:C1PR34: 19.53

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.

Copart's adjusted revenue per share data for the three months ended in Apr. 2024 was R$2.961. 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 R$7.34 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Copart Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Copart'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.

Copart Cyclically Adjusted PS Ratio Chart

Copart Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.83 15.70 20.83 14.71 17.55

Copart Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 16.26 17.55 16.71 17.93 19.46

Competitive Comparison of Copart's Cyclically Adjusted PS Ratio

For the Specialty Business Services subindustry, Copart'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.


Copart's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

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

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



Copart 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=140.25/7.34
=19.11

* 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.

Copart's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2024 is calculated as:

For example, Copart's adjusted Revenue per Share data for the three months ended in Apr. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=2.961/131.7762*131.7762
=2.961

Current CPI (Apr. 2024) = 131.7762.

Copart Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201407 0.304 100.520 0.399
201410 0.338 100.176 0.445
201501 0.345 98.604 0.461
201504 0.428 99.824 0.565
201507 0.438 100.691 0.573
201510 0.550 100.346 0.722
201601 0.610 99.957 0.804
201604 0.654 100.947 0.854
201607 0.591 101.524 0.767
201610 0.579 101.988 0.748
201701 0.592 102.456 0.761
201704 0.619 103.167 0.791
201707 0.637 103.278 0.813
201710 0.700 104.070 0.886
201801 0.764 104.578 0.963
201804 0.839 105.708 1.046
201807 0.878 106.324 1.088
201810 0.886 106.695 1.094
201901 0.941 106.200 1.168
201904 1.133 107.818 1.385
201907 1.075 108.250 1.309
201910 1.185 108.577 1.438
202001 1.251 108.841 1.515
202004 1.533 108.173 1.867
202007 1.450 109.318 1.748
202010 1.737 109.861 2.084
202101 1.723 110.364 2.057
202104 2.127 112.673 2.488
202107 2.006 115.183 2.295
202110 2.326 116.696 2.627
202201 2.486 118.619 2.762
202204 2.321 121.978 2.507
202207 2.462 125.002 2.595
202210 2.433 125.734 2.550
202301 2.574 126.223 2.687
202304 2.652 127.992 2.730
202307 2.468 128.974 2.522
202310 2.655 129.810 2.695
202401 2.574 130.124 2.607
202404 2.961 131.776 2.961

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.


Copart  (BSP:C1PR34) 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.


Copart Cyclically Adjusted PS Ratio Related Terms

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


Copart (BSP:C1PR34) Business Description

Traded in Other Exchanges
Address
14185 Dallas Parkway, Suite 300, Dallas, TX, USA, 75254
Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart's vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle's final selling price.

Copart (BSP:C1PR34) Headlines

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