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iGate (FRA:MS4) Cyclically Adjusted PS Ratio : (As of May. 24, 2024)


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What is iGate Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


iGate Cyclically Adjusted PS Ratio Historical Data

The historical data trend for iGate'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.

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iGate Cyclically Adjusted PS Ratio Chart

iGate Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted PS Ratio
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iGate Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
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Competitive Comparison of iGate's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, iGate'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.


iGate's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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



iGate 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.

iGate's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2015 is calculated as:

For example, iGate's adjusted Revenue per Share data for the three months ended in Mar. 2015 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2015 (Change)*Current CPI (Mar. 2015)
=3.594/99.6211*99.6211
=3.594

Current CPI (Mar. 2015) = 99.6211.

iGate Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200506 1.064 82.062 1.292
200509 1.087 83.876 1.291
200512 1.092 83.032 1.310
200603 1.058 84.298 1.250
200606 1.035 85.606 1.204
200609 1.063 85.606 1.237
200612 1.056 85.142 1.236
200703 1.046 86.640 1.203
200706 1.087 87.906 1.232
200709 0.671 87.964 0.760
200712 2.007 88.616 2.256
200803 0.652 90.090 0.721
200806 0.653 92.320 0.705
200809 0.693 92.307 0.748
200812 0.669 88.697 0.751
200903 0.622 89.744 0.690
200906 0.603 91.003 0.660
200909 0.599 91.120 0.655
200912 0.626 91.111 0.684
201003 0.752 91.821 0.816
201006 0.957 91.962 1.037
201009 0.993 92.162 1.073
201012 1.055 92.474 1.137
201103 0.935 94.283 0.988
201106 2.093 95.235 2.189
201109 3.334 95.727 3.470
201112 3.505 95.213 3.667
201203 3.408 96.783 3.508
201206 3.637 96.819 3.742
201209 3.572 97.633 3.645
201212 3.499 96.871 3.598
201303 3.597 98.209 3.649
201306 3.646 98.518 3.687
201309 3.668 98.790 3.699
201312 3.604 98.326 3.651
201403 3.609 99.695 3.606
201406 3.780 100.560 3.745
201409 4.115 100.428 4.082
201412 3.606 99.070 3.626
201503 3.594 99.621 3.594

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.


iGate  (FRA:MS4) 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.


iGate Cyclically Adjusted PS Ratio Related Terms

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iGate (FRA:MS4) Business Description

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Traded in Other Exchanges
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Igate Corp was founded in 1986. The Company is an outsourcing provider of integrated end-to-end offshore centric information technology (IT) and IT-enabled operations solutions and services. The Company delivers various IT services through international integrated onsite and offshore delivery locations mainly in India. The Company provides its services to customers through industry focused practices, including insurance and healthcare (IHC), manufacturing, retail and logistics (MRDL), banking and financial services (BFS"), communications and utilities (CEU), and media and entertainment (MELT) and through technology focused practices. It offers services to customers through industry focused practices, including insurance and healthcare, life sciences, manufacturing, retail and logistics, banking and financial services, communications, energy and utilities, product and engineering solutions, government solutions and media and entertainment. Its IT and IT-enabled services include application development, application management, verification and validation, enterprise application solutions, business intelligence and data warehousing, infrastructure management services, enterprise mobility, cloud services, embedded systems development, engineering design services, IT consulting, IT governance and customized learning solutions, business process outsourcing ("BPO") and customer interaction services. The Company has operations in India, Canada, the United States, Europe, Mexico, Singapore, Malaysia, Japan, Australia, the United Arab Emirates, South Africa, Turkey, South Korea, China, Switzerland and the United Kingdom. The Company delivers effective solutions to more than 360 Fortune 1000 clients. The Company's main competitors in the IT and IT enabled outsourcing industry include IT outsourcing firms, consulting firms, systems integration-firms and general management consulting firms such as Tata Consultancy Services Limited, Infosys Technologies Limited, Cognizant Technology Solutions Corporation, Wipro Limited, Genpact Limited, WNS (Holdings) Limited, EXLService Holdings Inc., Syntel Inc., Mindtree Limited, and Hexaware Technologies Limited. The Company is subject to numerous, and sometimes conflicting, legal regimes on matters as diverse as anticorruption, import/export controls, content requirements, trade restrictions, tariffs, taxation, sanctions, immigration, internal and disclosure control obligations, securities regulation, anti-competition, data privacy and labor relations.

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