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As of today (2024-04-29), Summit Midstream Partners LP's current share price is $29.19. Summit Midstream Partners LP's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $102.57. Summit Midstream Partners LP's Cyclically Adjusted PS Ratio for today is 0.28.
The historical rank and industry rank for Summit Midstream Partners LP's Cyclically Adjusted PS Ratio or its related term are showing as below:
During the past years, Summit Midstream Partners LP's highest Cyclically Adjusted PS Ratio was 0.42. The lowest was 0.11. And the median was 0.18.
SMLP's Cyclically Adjusted PS Ratio is ranked better thanThe 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.
Summit Midstream Partners LP's adjusted revenue per share data for the three months ended in Dec. 2023 was $12.270. 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 $102.57 for the trailing ten years ended in Dec. 2023.
The historical data trend for Summit Midstream Partners LP'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.
Summit Midstream Partners LP 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 | 0.16 | 0.14 | 0.15 | 0.13 | 0.17 |
For the Oil & Gas Midstream subindustry, Summit Midstream Partners LP'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.
For the Oil & Gas industry and Energy sector, Summit Midstream Partners LP's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Summit Midstream Partners LP's Cyclically Adjusted PS Ratio falls into.
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.
Summit Midstream Partners LP's Cyclically Adjusted PS Ratio for today is calculated as
Cyclically Adjusted PS Ratio | = | Share Price | / | Cyclically Adjusted Revenue per Share |
= | 29.19 | / | 102.57 | |
= | 0.28 |
* 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.
Summit Midstream Partners LP's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, Summit Midstream Partners LP'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) |
= | 12.27 | / | 129.4194 | * | 129.4194 | |
= | 12.270 |
Current CPI (Dec. 2023) = 129.4194.
Summit Midstream Partners LP Quarterly Data
Revenue per Share | CPI | Adj_RevenuePerShare | |
201403 | 20.981 | 99.695 | 27.237 |
201406 | 21.851 | 100.560 | 28.122 |
201409 | 21.530 | 100.428 | 27.745 |
201412 | 34.927 | 99.070 | 45.627 |
201503 | 21.888 | 99.621 | 28.435 |
201506 | 20.724 | 100.684 | 26.639 |
201509 | 25.964 | 100.392 | 33.471 |
201512 | 25.353 | 99.792 | 32.880 |
201603 | 20.431 | 100.470 | 26.318 |
201606 | 20.193 | 101.688 | 25.700 |
201609 | 21.020 | 101.861 | 26.707 |
201612 | 26.432 | 101.863 | 33.583 |
201703 | 28.234 | 102.862 | 35.524 |
201706 | 20.962 | 103.349 | 26.250 |
201709 | 25.520 | 104.136 | 31.716 |
201712 | 25.760 | 104.011 | 32.053 |
201803 | 24.061 | 105.290 | 29.575 |
201806 | 26.213 | 106.317 | 31.909 |
201809 | 25.926 | 106.507 | 31.503 |
201812 | 26.874 | 105.998 | 32.812 |
201903 | 26.006 | 107.251 | 31.381 |
201906 | 32.998 | 108.070 | 39.517 |
201909 | 33.164 | 108.329 | 39.620 |
201912 | 37.168 | 108.420 | 44.367 |
202003 | 16.798 | 108.902 | 19.963 |
202006 | 29.527 | 108.767 | 35.133 |
202009 | 25.204 | 109.815 | 29.703 |
202012 | 19.205 | 109.897 | 22.617 |
202103 | 15.865 | 111.754 | 18.373 |
202106 | 15.030 | 114.631 | 16.969 |
202109 | 14.580 | 115.734 | 16.304 |
202112 | 13.826 | 117.630 | 15.212 |
202203 | 9.718 | 121.301 | 10.368 |
202206 | 9.745 | 125.017 | 10.088 |
202209 | 8.722 | 125.227 | 9.014 |
202212 | 8.418 | 125.222 | 8.700 |
202303 | 11.015 | 127.348 | 11.194 |
202306 | 9.441 | 128.729 | 9.492 |
202309 | 11.680 | 129.860 | 11.640 |
202312 | 12.270 | 129.419 | 12.270 |
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.
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.
Thank you for viewing the detailed overview of Summit Midstream Partners LP's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
James David Johnston | officer: See remarks below. | 910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002 |
Rommel M. Oates | director, other: See Remarks. | 910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002 |
William J. Mault | officer: See remarks below. | 910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002 |
Matthew B. Sicinski | officer: See remarks below. | 910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002 |
James J Cleary | director, other: See Remarks. | 12 E. 49TH STREET, 39TH FLOOR, NEW YORK NY 10017 |
Marguerite Woung-chapman | director, other: See Remarks. | 1001 LOUISIANA, HOUSTON TX 77002 |
Robert Joseph Mcnally | director, other: See Remarks. | 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222 |
Christopher M Leininger | director, other: See Remarks. | 11943 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130 |
Francesco Ciabatti | director, other: See Remarks. | 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078 |
J Heath Deneke | director, officer: See remarks below. | 700 LOUISIANA STREET, SUITE 2550, HOUSTON TX 77002 |
James Lee Jacobe | director, other: See Remarks. | 1790 HUGHES LANDING BLVD., SUITE 500, THE WOODLANDS TX 77380 |
Energy Capital Partners Ii-c (summit Ip), Lp | director, 10 percent owner | 51 JOHN F. KENNEDY PARKWAY, SUITE 1250, SHORT HILLS NJ 07078 |
Energy Capital Partners Ii (summit Co-invest), Lp | director, 10 percent owner | C/O ENERGY CAPITAL PARTNERS II, 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078 |
Energy Capital Partners Ii-b Ip, Lp | director, 10 percent owner | 51 JOHN F. KENNEDY PARKWAY, SUITE 1250, SHORT HILLS NJ 07078 |
Energy Capital Partners Ii, Llc | director, 10 percent owner, other: See Footnotes | 51 JOHN F. KENNEDY PARKWAY, SUITE 1250, SHORT HILLS NJ 07078 |
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