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Progressive Waste Solutions (TSX:BIN) Cyclically Adjusted PS Ratio : (As of May. 24, 2024)


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What is Progressive Waste Solutions Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Progressive Waste Solutions Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Progressive Waste Solutions'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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Progressive Waste Solutions Cyclically Adjusted PS Ratio Chart

Progressive Waste Solutions Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PS Ratio
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Progressive Waste Solutions Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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Competitive Comparison of Progressive Waste Solutions's Cyclically Adjusted PS Ratio

For the Waste Management subindustry, Progressive Waste Solutions'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.


Progressive Waste Solutions's Cyclically Adjusted PS Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Progressive Waste Solutions's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Progressive Waste Solutions 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.

Progressive Waste Solutions's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2016 is calculated as:

For example, Progressive Waste Solutions's adjusted Revenue per Share data for the three months ended in Mar. 2016 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2016 (Change)*Current CPI (Mar. 2016)
=11.847/101.0535*101.0535
=11.847

Current CPI (Mar. 2016) = 101.0535.

Progressive Waste Solutions Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200606 6.116 86.516 7.144
200609 6.349 86.279 7.436
200612 5.506 86.437 6.437
200703 6.521 87.780 7.507
200706 6.840 88.412 7.818
200709 7.456 88.412 8.522
200712 7.833 88.491 8.945
200803 7.377 88.965 8.379
200806 8.462 91.177 9.379
200809 8.878 91.414 9.814
200812 10.227 89.518 11.545
200903 8.322 90.071 9.337
200906 7.243 90.940 8.048
200909 6.453 90.624 7.196
200912 6.756 90.703 7.527
201003 6.004 91.335 6.643
201006 6.910 91.809 7.606
201009 7.741 92.362 8.469
201012 8.374 92.836 9.115
201103 7.047 94.338 7.549
201106 7.887 94.654 8.420
201109 8.457 95.286 8.969
201112 8.053 94.970 8.569
201203 7.673 96.155 8.064
201206 8.719 96.076 9.171
201209 8.588 96.392 9.003
201212 8.773 95.760 9.258
201303 8.988 97.103 9.354
201306 9.612 97.182 9.995
201309 9.710 97.419 10.072
201312 9.631 96.945 10.039
201403 9.408 98.604 9.642
201406 10.041 99.473 10.201
201409 10.386 99.394 10.559
201412 10.525 98.367 10.812
201503 10.720 99.789 10.856
201506 11.419 100.500 11.482
201509 12.314 100.421 12.392
201512 12.474 99.947 12.612
201603 11.847 101.054 11.847

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.


Progressive Waste Solutions  (TSX:BIN) 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.


Progressive Waste Solutions Cyclically Adjusted PS Ratio Related Terms

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Progressive Waste Solutions (TSX:BIN) Business Description

Traded in Other Exchanges
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Address
Progressive Waste Solutions Ltd was incorporated on May 20, 2009 under the provisions of the Business Corporations Act (Ontario). The Company provides vertically integrated non-hazardous solid waste services to commercial, industrial, municipal and residential customers in Canada and the U.S. The Company carries on business through three geographic segments: Canada, the U.S. South and the U.S. Northeast. The business segments are vertically integrated and their operations include the collection and disposal of waste and recyclable materials, transfer station operations, material recovery facilities, landfills and landfill gas to energy facilities.

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