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Infosys (Infosys) Cyclically Adjusted PS Ratio : 5.38 (As of May. 14, 2024)


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What is Infosys Cyclically Adjusted PS Ratio?

As of today (2024-05-14), Infosys's current share price is $16.95. Infosys's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $3.15. Infosys's Cyclically Adjusted PS Ratio for today is 5.38.

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

INFY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.62   Med: 5.67   Max: 9.51
Current: 5.38

During the past years, Infosys's highest Cyclically Adjusted PS Ratio was 9.51. The lowest was 3.62. And the median was 5.67.

INFY's Cyclically Adjusted PS Ratio is ranked worse than
78.43% of 1442 companies
in the Software industry
Industry Median: 1.855 vs INFY: 5.38

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.

Infosys's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.145. 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 $3.15 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Infosys Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Infosys'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.

Infosys Cyclically Adjusted PS Ratio Chart

Infosys Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.97 7.47 9.16 5.95 -

Infosys 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 5.95 5.34 5.59 5.83 -

Competitive Comparison of Infosys's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, Infosys'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.


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

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

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



Infosys 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.

Infosys's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=16.95/3.15
=5.38

* 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.

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

For example, Infosys'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)
=1.145/153.2548*153.2548
=1.145

Current CPI (Dec. 2023) = 153.2548.

Infosys Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.458 91.425 0.768
201406 0.467 94.103 0.761
201409 0.481 96.780 0.762
201412 0.485 96.780 0.768
201503 0.472 97.163 0.744
201506 0.494 99.841 0.758
201509 0.523 101.753 0.788
201512 0.527 102.901 0.785
201603 0.535 102.518 0.800
201606 0.547 105.961 0.791
201609 0.566 105.961 0.819
201612 0.558 105.196 0.813
201703 0.562 105.196 0.819
201706 0.580 107.109 0.830
201709 0.596 109.021 0.838
201712 0.605 109.404 0.847
201803 0.644 109.786 0.899
201806 0.651 111.317 0.896
201809 0.671 115.142 0.893
201812 0.686 115.142 0.913
201903 0.702 118.202 0.910
201906 0.727 120.880 0.922
201909 0.754 123.175 0.938
201912 0.777 126.235 0.943
202003 0.740 124.705 0.909
202006 0.727 127.000 0.877
202009 0.779 130.118 0.918
202012 0.827 130.889 0.968
202103 0.849 131.771 0.987
202106 0.889 134.084 1.016
202109 0.927 135.847 1.046
202112 1.012 138.161 1.123
202203 1.019 138.822 1.125
202206 1.032 142.347 1.111
202209 1.085 144.661 1.149
202212 1.107 145.763 1.164
202303 1.114 146.865 1.162
202306 1.084 150.280 1.105
202309 1.139 151.492 1.152
202312 1.145 153.255 1.145

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.


Infosys  (NYSE:INFY) 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.


Infosys Cyclically Adjusted PS Ratio Related Terms

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


Infosys (Infosys) Business Description

Industry
Address
44, Infosys Avenue, Hosur Road, Electronics City, Bengaluru, KA, IND, 560 100
Infosys is a leading global IT services provider, with nearly 250,000 employees. Based in Bangalore, the Indian IT services firm leverages its offshore outsourcing model to derive 60% of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services and cloud infrastructure services, and business process outsourcing as a service (BPaaS).