GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Inpex Corp (OTCPK:IPXHY) » Definitions » Cyclically Adjusted PS Ratio

Inpex (IPXHY) Cyclically Adjusted PS Ratio : 2.26 (As of Apr. 28, 2024)


View and export this data going back to 2008. Start your Free Trial

What is Inpex Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Inpex's current share price is $15.21. Inpex's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $6.74. Inpex's Cyclically Adjusted PS Ratio for today is 2.26.

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

IPXHY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.46   Max: 2.7
Current: 2.47

During the past years, Inpex's highest Cyclically Adjusted PS Ratio was 2.70. The lowest was 0.64. And the median was 1.46.

IPXHY's Cyclically Adjusted PS Ratio is ranked worse than
77.59% of 754 companies
in the Oil & Gas industry
Industry Median: 0.895 vs IPXHY: 2.47

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.

Inpex's adjusted revenue per share data for the three months ended in Dec. 2023 was $3.090. 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 $6.74 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Inpex Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Inpex'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.

Inpex Cyclically Adjusted PS Ratio Chart

Inpex Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.33 0.74 1.32 1.60 1.98

Inpex 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 1.60 1.56 1.74 2.40 1.98

Competitive Comparison of Inpex's Cyclically Adjusted PS Ratio

For the Oil & Gas E&P subindustry, Inpex'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.


Inpex's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Inpex's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Inpex 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.21/6.74
=2.26

* 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.

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

For example, Inpex'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)
=3.09/106.8000*106.8000
=3.090

Current CPI (Dec. 2023) = 106.8000.

Inpex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.260 95.700 2.522
201406 2.289 98.000 2.495
201409 2.052 98.500 2.225
201412 1.512 97.900 1.649
201503 1.391 97.900 1.517
201506 1.352 98.400 1.467
201509 1.839 98.500 1.994
201512 1.363 98.100 1.484
201603 1.216 97.900 1.327
201606 1.288 98.100 1.402
201609 1.288 98.000 1.404
201612 1.380 98.400 1.498
201703 1.522 98.100 1.657
201706 1.345 98.500 1.458
201709 1.422 98.800 1.537
201712 1.551 99.400 1.666
201803 1.485 99.200 1.599
201806 1.259 99.200 1.355
201809 1.441 99.900 1.541
201812 1.601 99.700 1.715
201903 1.669 99.700 1.788
201906 1.822 99.800 1.950
201909 1.833 100.100 1.956
201912 2.666 100.500 2.833
202003 1.588 100.300 1.691
202006 0.904 99.900 0.966
202009 1.304 99.900 1.394
202012 1.176 99.300 1.265
202103 1.535 99.900 1.641
202106 1.584 99.500 1.700
202109 2.181 100.100 2.327
202112 2.448 100.100 2.612
202203 2.952 101.100 3.118
202206 3.302 101.800 3.464
202209 3.057 103.100 3.167
202212 3.505 104.100 3.596
202303 3.314 104.400 3.390
202306 2.708 105.200 2.749
202309 2.726 106.200 2.741
202312 3.090 106.800 3.090

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.


Inpex  (OTCPK:IPXHY) 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.


Inpex Cyclically Adjusted PS Ratio Related Terms

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


Inpex (IPXHY) Business Description

Industry
Traded in Other Exchanges
Address
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo, JPN, 107-6332
Inpex Corp engages in research, exploration, development, production, and sale of oil, natural gas, and other mineral resources. The company is engaged in a multitude of projects spanning the globe. Exploration services are carried through terrestrial geological surveys and geophysical surveys conducted through satellite images and seismic waves. Exploration wells are used to confirm the presence of hydrocarbon products; appraisal follows shortly after. In addition to utilizing production wells, Inpex has gas processing facilities and a transport pipeline for production and shipping. The company also conducts refining/treatment to create products from the oil and natural gas. Marketing and sales are an additional function of the activities performed at Inpex.

Inpex (IPXHY) Headlines

From GuruFocus

Inpex Corp Could Trade Higher as Oil Prices Rise

By Alberto Abaterusso 12-28-2021