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Bulgarian Stock Exchange AD (XBUL:BSE) Cyclically Adjusted PS Ratio : 9.42 (As of Jun. 05, 2024)


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What is Bulgarian Stock Exchange AD Cyclically Adjusted PS Ratio?

As of today (2024-06-05), Bulgarian Stock Exchange AD's current share price is лв14.70. Bulgarian Stock Exchange AD's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was лв1.56. Bulgarian Stock Exchange AD's Cyclically Adjusted PS Ratio for today is 9.42.

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

XBUL:BSE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.15   Med: 8.14   Max: 10.18
Current: 9.31

During the past years, Bulgarian Stock Exchange AD's highest Cyclically Adjusted PS Ratio was 10.18. The lowest was 6.15. And the median was 8.14.

XBUL:BSE's Cyclically Adjusted PS Ratio is ranked worse than
79.86% of 576 companies
in the Capital Markets industry
Industry Median: 3.205 vs XBUL:BSE: 9.31

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.

Bulgarian Stock Exchange AD's adjusted revenue per share data for the three months ended in Dec. 2023 was лв0.689. 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 лв1.56 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bulgarian Stock Exchange AD Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Bulgarian Stock Exchange AD'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.

Bulgarian Stock Exchange AD Cyclically Adjusted PS Ratio Chart

Bulgarian Stock Exchange AD 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 - - 8.81 6.89 7.70

Bulgarian Stock Exchange AD Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 6.89 6.17 6.84 6.31 7.70

Competitive Comparison of Bulgarian Stock Exchange AD's Cyclically Adjusted PS Ratio

For the Financial Data & Stock Exchanges subindustry, Bulgarian Stock Exchange AD'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.


Bulgarian Stock Exchange AD's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bulgarian Stock Exchange AD's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Bulgarian Stock Exchange AD's Cyclically Adjusted PS Ratio falls into.



Bulgarian Stock Exchange AD 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.

Bulgarian Stock Exchange AD's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.70/1.56
=9.42

* 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.

Bulgarian Stock Exchange AD's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Bulgarian Stock Exchange AD's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.689/129.4194*129.4194
=0.689

Current CPI (Dec. 2023) = 129.4194.

Bulgarian Stock Exchange AD Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.122 99.695 0.158
201406 0.078 100.560 0.100
201409 0.060 100.428 0.077
201412 0.073 99.070 0.095
201503 0.070 99.621 0.091
201506 0.060 100.684 0.077
201509 0.052 100.392 0.067
201512 0.066 99.792 0.086
201603 0.054 100.470 0.070
201606 0.055 101.688 0.070
201609 0.060 101.861 0.076
201612 0.101 101.863 0.128
201703 0.067 102.862 0.084
201706 0.072 103.349 0.090
201709 0.108 104.136 0.134
201712 0.093 104.011 0.116
201803 0.209 105.290 0.257
201806 0.298 106.317 0.363
201809 0.372 106.507 0.452
201812 0.459 105.998 0.560
201903 0.412 107.251 0.497
201906 0.370 108.070 0.443
201909 0.359 108.329 0.429
201912 0.426 108.420 0.509
202003 0.444 108.902 0.528
202006 0.418 108.767 0.497
202009 0.473 109.815 0.557
202012 0.565 109.897 0.665
202103 0.580 111.754 0.672
202106 0.563 114.631 0.636
202109 0.618 115.734 0.691
202112 0.690 117.630 0.759
202203 0.708 121.301 0.755
202206 0.647 125.017 0.670
202209 0.682 125.227 0.705
202212 0.630 125.222 0.651
202303 0.681 127.348 0.692
202306 0.610 128.729 0.613
202309 0.770 129.860 0.767
202312 0.689 129.419 0.689

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.


Bulgarian Stock Exchange AD  (XBUL:BSE) 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.


Bulgarian Stock Exchange AD Cyclically Adjusted PS Ratio Related Terms

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


Bulgarian Stock Exchange AD (XBUL:BSE) Business Description

Traded in Other Exchanges
N/A
Address
10 Tri ushi Street, Sofia, BGR, 1301
Bulgarian Stock Exchange AD is functioning stock exchange in Bulgaria. The principal activity of the group is to organize trade in securities and other financial instruments; organize and maintain an information system for security deals; and establish and maintain a clearing system. It has aggregated its operations into three reportable segments - Trading in Financial Instruments, Information Services, and Registration of Issues for Trading. It offers a wide range of RSS information services to serve the corporate clients, such as data-vendors, investment intermediaries, and issuers. The group performs their activities in Bulgaria only.