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PLDT (PHI) Cyclically Adjusted PS Ratio : 1.33 (As of Apr. 27, 2024)


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What is PLDT Cyclically Adjusted PS Ratio?

As of today (2024-04-27), PLDT's current share price is $23.79. PLDT's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $17.87. PLDT's Cyclically Adjusted PS Ratio for today is 1.33.

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

PHI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.03   Med: 1.77   Max: 4.11
Current: 1.4

During the past years, PLDT's highest Cyclically Adjusted PS Ratio was 4.11. The lowest was 1.03. And the median was 1.77.

PHI's Cyclically Adjusted PS Ratio is ranked worse than
57% of 293 companies
in the Telecommunication Services industry
Industry Median: 1.02 vs PHI: 1.40

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.

PLDT's adjusted revenue per share data for the three months ended in Dec. 2023 was $4.384. 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 $17.87 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PLDT Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PLDT'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.

PLDT Cyclically Adjusted PS Ratio Chart

PLDT 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 1.18 1.60 2.03 1.39 1.31

PLDT 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 1.39 1.47 1.35 1.20 1.31

Competitive Comparison of PLDT's Cyclically Adjusted PS Ratio

For the Telecom Services subindustry, PLDT'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.


PLDT's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PLDT's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



PLDT 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.79/17.87
=1.33

* 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.

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

For example, PLDT'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)
=4.384/129.4194*129.4194
=4.384

Current CPI (Dec. 2023) = 129.4194.

PLDT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.418 99.695 4.437
201406 3.440 100.560 4.427
201409 3.355 100.428 4.324
201412 3.494 99.070 4.564
201503 3.417 99.621 4.439
201506 3.418 100.684 4.394
201509 3.419 100.392 4.408
201512 3.472 99.792 4.503
201603 3.435 100.470 4.425
201606 3.405 101.688 4.334
201609 3.205 101.861 4.072
201612 3.202 101.863 4.068
201703 3.147 102.862 3.959
201706 3.195 103.349 4.001
201709 3.207 104.136 3.986
201712 3.201 104.011 3.983
201803 3.253 105.290 3.999
201806 3.342 106.317 4.068
201809 3.233 106.507 3.929
201812 3.295 105.998 4.023
201903 3.262 107.251 3.936
201906 3.314 108.070 3.969
201909 3.394 108.329 4.055
201912 3.594 108.420 4.290
202003 3.505 108.902 4.165
202006 3.451 108.767 4.106
202009 3.726 109.815 4.391
202012 3.837 109.897 4.519
202103 3.838 111.754 4.445
202106 3.822 114.631 4.315
202109 3.864 115.734 4.321
202112 3.881 117.630 4.270
202203 4.001 121.301 4.269
202206 4.085 125.017 4.229
202209 4.118 125.227 4.256
202212 4.194 125.222 4.335
202303 4.205 127.348 4.273
202306 4.144 128.729 4.166
202309 4.194 129.860 4.180
202312 4.384 129.419 4.384

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.


PLDT  (NYSE:PHI) 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.


PLDT Cyclically Adjusted PS Ratio Related Terms

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


PLDT (PHI) Business Description

Traded in Other Exchanges
Address
Makati Avenue, Ramon Cojuangco Building, Metro Manila, Corner Ayala Avenue, Legaspi Village, Makati City, PHL, 1200
PLDT Inc is the telecommunications carrier in the Philippines. The company operates the nation's extensive fixed-line network and holds more than half of the market share in the domestic wireless space. First Pacific, a Hong Kong-based investment and management company specializing in consumer and telecommunication businesses, owns about 26% of PLDT, while two subsidiaries of Nippon Telegraph and Telephone jointly own about 21%.

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