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Contact Energy (NZSE:CEN) Cyclically Adjusted PS Ratio : 2.46 (As of May. 26, 2024)


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What is Contact Energy Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Contact Energy's current share price is NZ$9.00. Contact Energy's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 was NZ$3.66. Contact Energy's Cyclically Adjusted PS Ratio for today is 2.46.

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

NZSE:CEN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.19   Med: 1.78   Max: 3.14
Current: 2.46

During the past 13 years, Contact Energy's highest Cyclically Adjusted PS Ratio was 3.14. The lowest was 1.19. And the median was 1.78.

NZSE:CEN's Cyclically Adjusted PS Ratio is ranked worse than
60.08% of 263 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.85 vs NZSE:CEN: 2.46

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.

Contact Energy's adjusted revenue per share data of for the fiscal year that ended in Jun23 was NZ$2.683. 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 NZ$3.66 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Contact Energy Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Contact Energy'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.

Contact Energy Cyclically Adjusted PS Ratio Chart

Contact Energy Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.32 1.83 2.37 2.02 2.22

Contact Energy Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - 2.02 - 2.22 -

Competitive Comparison of Contact Energy's Cyclically Adjusted PS Ratio

For the Utilities - Renewable subindustry, Contact Energy'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.


Contact Energy's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Contact Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Contact Energy 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.

Contact Energy's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.00/3.66
=2.46

* 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.

Contact Energy's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Contact Energy's adjusted Revenue per Share data for the fiscal year that ended in Jun23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=2.683/125.8458*125.8458
=2.683

Current CPI (Jun23) = 125.8458.

Contact Energy Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.265 99.646 4.123
201506 3.309 100.063 4.162
201606 2.987 100.480 3.741
201706 2.894 102.231 3.563
201806 3.007 103.764 3.647
201906 3.412 105.502 4.070
202006 2.879 107.035 3.385
202106 3.470 110.614 3.948
202206 3.048 118.690 3.232
202306 2.683 125.846 2.683

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.


Contact Energy  (NZSE:CEN) 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.


Contact Energy Cyclically Adjusted PS Ratio Related Terms

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


Contact Energy (NZSE:CEN) Business Description

Traded in Other Exchanges
Address
29 Brandon Street, Harbour City Tower, Wellington, NTL, NZL, 6011
Contact Energy is a diversified and integrated energy company. It owns a fleet of hydro, geothermal, and gas-fired generation assets, which produce close to 25% of New Zealand's electricity. It also retails electricity and gas to nearly half a million customers.