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Infratil (ASX:IFT) Cyclically Adjusted PS Ratio : (As of Apr. 30, 2024)


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What is Infratil Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Infratil Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Infratil'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.

Infratil Cyclically Adjusted PS Ratio Chart

Infratil Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.17 1.15 2.21 2.62 3.06

Infratil Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 2.62 - 3.06 -

Competitive Comparison of Infratil's Cyclically Adjusted PS Ratio

For the Utilities - Renewable subindustry, Infratil'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.


Infratil's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Infratil's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Infratil 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.

Infratil's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Infratil's adjusted Revenue per Share data for the fiscal year that ended in Mar23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=2.361/124.5168*124.5168
=2.361

Current CPI (Mar23) = 124.5168.

Infratil Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201403 4.695 99.396 5.882
201503 3.413 99.646 4.265
201603 3.268 100.063 4.067
201703 3.573 102.231 4.352
201803 3.448 103.355 4.154
201903 2.742 104.889 3.255
202003 2.659 107.547 3.079
202103 2.089 109.182 2.382
202203 1.704 116.747 1.817
202303 2.361 124.517 2.361

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.


Infratil  (ASX:IFT) 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.


Infratil Cyclically Adjusted PS Ratio Related Terms

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Infratil (ASX:IFT) Business Description

Traded in Other Exchanges
Address
5 Market Lane, P.O. Box 320, Wellington, NTL, NZL, 6140
Infratil Ltd is a New Zealand based company that invests in companies that are engaged in the energy, transport, and social infrastructure businesses. The company's business segments include Manawa Energy New Zealand; Mint Renewables Australasia; Wellington International Airport New Zealand; Diagnostic Imaging Australasia; Gurin Energy Asia; Associates and others. Geographically, it derives a majority of its revenue from New Zealand.

Infratil (ASX:IFT) Headlines

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