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MSCI (MSCI) Cyclically Adjusted PS Ratio : 23.09 (As of May. 16, 2024)


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What is MSCI Cyclically Adjusted PS Ratio?

As of today (2024-05-16), MSCI's current share price is $497.51. MSCI's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $21.55. MSCI's Cyclically Adjusted PS Ratio for today is 23.09.

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

MSCI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.01   Med: 21.74   Max: 47.07
Current: 22.74

During the past years, MSCI's highest Cyclically Adjusted PS Ratio was 47.07. The lowest was 7.01. And the median was 21.74.

MSCI's Cyclically Adjusted PS Ratio is ranked worse than
92.59% of 580 companies
in the Capital Markets industry
Industry Median: 3.135 vs MSCI: 22.74

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.

MSCI's adjusted revenue per share data for the three months ended in Mar. 2024 was $8.552. 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 $21.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MSCI Cyclically Adjusted PS Ratio Historical Data

The historical data trend for MSCI'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.

MSCI Cyclically Adjusted PS Ratio Chart

MSCI 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 22.89 35.00 40.18 25.61 26.99

MSCI 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 29.50 23.81 25.13 26.99 26.01

Competitive Comparison of MSCI's Cyclically Adjusted PS Ratio

For the Financial Data & Stock Exchanges subindustry, MSCI'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.


MSCI's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

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

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



MSCI 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=497.51/21.55
=23.09

* 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.

MSCI's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, MSCI's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=8.552/131.7762*131.7762
=8.552

Current CPI (Mar. 2024) = 131.7762.

MSCI Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.161 100.560 2.832
201409 2.148 100.428 2.818
201412 2.214 99.070 2.945
201503 2.315 99.621 3.062
201506 2.396 100.684 3.136
201509 2.456 100.392 3.224
201512 2.628 99.792 3.470
201603 2.788 100.470 3.657
201606 2.999 101.688 3.886
201609 3.021 101.861 3.908
201612 3.121 101.863 4.038
201703 3.287 102.862 4.211
201706 3.447 103.349 4.395
201709 3.506 104.136 4.437
201712 3.621 104.011 4.588
201803 3.794 105.290 4.748
201806 3.964 106.317 4.913
201809 3.917 106.507 4.846
201812 4.343 105.998 5.399
201903 4.336 107.251 5.328
201906 4.515 108.070 5.505
201909 4.608 108.329 5.605
201912 4.753 108.420 5.777
202003 4.872 108.902 5.895
202006 4.856 108.767 5.883
202009 5.035 109.815 6.042
202012 5.301 109.897 6.356
202103 5.730 111.754 6.757
202106 5.981 114.631 6.876
202109 6.189 115.734 7.047
202112 6.579 117.630 7.370
202203 6.805 121.301 7.393
202206 6.788 125.017 7.155
202209 6.932 125.227 7.295
202212 7.165 125.222 7.540
202303 7.358 127.348 7.614
202306 7.774 128.729 7.958
202309 7.867 129.860 7.983
202312 8.681 129.419 8.839
202403 8.552 131.776 8.552

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.


MSCI  (NYSE:MSCI) 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.


MSCI Cyclically Adjusted PS Ratio Related Terms

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


MSCI (MSCI) Business Description

Address
250 Greenwich Street, 49th Floor, 7 World Trade Center, New York, NY, USA, 10007
MSCI describes its mission as enabling investors to build better portfolios for a better world. MSCI's largest and most profitable segment is its index segment, where it provides benchmarking to asset managers and asset owners. In addition, it boasts over $1.3 trillion in ETF assets linked to MSCI indexes. The MSCI analytics segment provides portfolio management and risk management analytics software to asset managers and asset owners. MSCI's all other segment was broken out into ESG and climate and private assets segments in 2021. In ESG and climate, MSCI provides ESG data to the investment industry. In private assets, MSCI provides real restate reporting, market data, benchmarking, and analytics to investors and real estate managers.
Executives
Robert J. Gutowski officer: General Counsel C/O MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007
Scott A Crum officer: Chief Human Resources Officer C/O MSCI INC., 7 WORLD TRADE CENTER, 250 GREENWICH STREET, 49TH FL., NEW YORK NY 10007
Catherine R Kinney director C/O QTS REALTY TRUST INC., 12851 FOSTER STREET, OVERLAND PARK KS 66213
Andrew C. Wiechmann officer: Interim CFO and Treasurer 7 WORLD TRADE CENTER, 250 GREENWICH STREET, 49TH FLOOR, NEW YORK NY 10007
Robin Matlock director C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Cd Baer Pettit officer: Head of Client Coverage MSCI INC., 88 PINE STREET, NEW YORK NY 10005
Jennifer H Mak officer: Principal Accounting Officer 115 TABOR ROAD, MORRIS PLAINS NJ 07950
Rajat Taneja director C/O ELECTRONIC ARTS INC., 209 REDWOOD SHORES PARKWAY, LEGAL DEPT., REDWOOD CITY CA 94065
Paula Volent director MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007
Sandy C. Rattray director MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007
Henry A Fernandez director, officer: Chairman, CEO and President MSCI INC., 88 PINE STREET, NEW YORK NY 10005
Laurent Seyer officer: Global Head of Client Cvrg 7 WORLD TRADE CENTER, 250 GREENWICH STREET, 49TH FLOOR, NEW YORK NY 10007
Benjamin F Dupont director C/O MSCI INC., 88 PINE STREET, NEW YORK NY 10005
Linda Huber officer: CFO and Treasurer FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Jigar Thakkar officer: Chief Technology Officer C/O MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007