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Philip Morris (Pakistan) (KAR:PMPK) Cyclically Adjusted PS Ratio : 2.07 (As of Jun. 10, 2024)


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What is Philip Morris (Pakistan) Cyclically Adjusted PS Ratio?

As of today (2024-06-10), Philip Morris (Pakistan)'s current share price is ₨609.28. Philip Morris (Pakistan)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₨294.10. Philip Morris (Pakistan)'s Cyclically Adjusted PS Ratio for today is 2.07.

The historical rank and industry rank for Philip Morris (Pakistan)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

KAR:PMPK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.97   Med: 2.05   Max: 3.91
Current: 2.07

During the past years, Philip Morris (Pakistan)'s highest Cyclically Adjusted PS Ratio was 3.91. The lowest was 0.97. And the median was 2.05.

KAR:PMPK's Cyclically Adjusted PS Ratio is ranked worse than
56.76% of 37 companies
in the Tobacco Products industry
Industry Median: 1.65 vs KAR:PMPK: 2.07

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.

Philip Morris (Pakistan)'s adjusted revenue per share data for the three months ended in Mar. 2024 was ₨113.535. 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 ₨294.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Philip Morris (Pakistan) Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Philip Morris (Pakistan)'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.

Philip Morris (Pakistan) Cyclically Adjusted PS Ratio Chart

Philip Morris (Pakistan) 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 - - 3.12 2.02 1.95

Philip Morris (Pakistan) Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.50 1.46 1.26 1.95 2.41

Competitive Comparison of Philip Morris (Pakistan)'s Cyclically Adjusted PS Ratio

For the Tobacco subindustry, Philip Morris (Pakistan)'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.


Philip Morris (Pakistan)'s Cyclically Adjusted PS Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Philip Morris (Pakistan)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Philip Morris (Pakistan)'s Cyclically Adjusted PS Ratio falls into.



Philip Morris (Pakistan) 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.

Philip Morris (Pakistan)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=609.28/294.1
=2.07

* 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.

Philip Morris (Pakistan)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Philip Morris (Pakistan)'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)
=113.535/131.7762*131.7762
=113.535

Current CPI (Mar. 2024) = 131.7762.

Philip Morris (Pakistan) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 76.919 100.560 100.797
201409 42.594 100.428 55.890
201412 50.527 99.070 67.208
201503 66.836 99.621 88.409
201506 94.952 100.684 124.274
201509 23.549 100.392 30.911
201512 48.780 99.792 64.414
201603 75.769 100.470 99.378
201606 83.665 101.688 108.420
201609 16.333 101.861 21.130
201612 53.666 101.863 69.426
201703 28.182 102.862 36.104
201706 39.787 103.349 50.731
201709 68.761 104.136 87.012
201712 90.074 104.011 114.119
201803 61.471 105.290 76.935
201806 62.828 106.317 77.873
201809 56.883 106.507 70.379
201812 81.889 105.998 101.804
201903 66.515 107.251 81.725
201906 88.073 108.070 107.393
201909 24.686 108.329 30.029
201912 37.265 108.420 45.293
202003 68.176 108.902 82.496
202006 68.589 108.767 83.098
202009 45.723 109.815 54.867
202012 76.279 109.897 91.465
202103 62.990 111.754 74.275
202106 66.359 114.631 76.284
202109 48.411 115.734 55.121
202112 57.708 117.630 64.648
202203 69.886 121.301 75.921
202206 59.845 125.017 63.081
202209 57.546 125.227 60.556
202212 79.118 125.222 83.259
202303 70.400 127.348 72.848
202306 52.577 128.729 53.822
202309 49.603 129.860 50.335
202312 74.350 129.419 75.704
202403 113.535 131.776 113.535

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.


Philip Morris (Pakistan)  (KAR:PMPK) 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.


Philip Morris (Pakistan) Cyclically Adjusted PS Ratio Related Terms

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Philip Morris (Pakistan) (KAR:PMPK) Business Description

Traded in Other Exchanges
N/A
Address
Plot HC-3, Block 4, Corporate Office Block, Office 04 & 05, 5th Floor, Dolmen City, Clifton, Karachi, SD, PAK, 75600
Philip Morris (Pakistan) Ltd is a cigarette manufacturing company engaged in the manufacture, distribution, and sale of cigarettes, tobacco products, and other smoke-free products in Pakistan.

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