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Mitchell Communication Group Limited (ASX:MCU) Cyclically Adjusted PS Ratio : (As of Jun. 25, 2024)


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What is Mitchell Communication Group Limited Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitchell Communication Group Limited Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Mitchell Communication Group Limited'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.

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Mitchell Communication Group Limited Cyclically Adjusted PS Ratio Chart

Mitchell Communication Group Limited Annual Data
Trend Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10
Cyclically Adjusted PS Ratio
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Mitchell Communication Group Limited Quarterly Data
Cyclically Adjusted PS Ratio

Competitive Comparison of Mitchell Communication Group Limited's Cyclically Adjusted PS Ratio

For the Advertising Agencies subindustry, Mitchell Communication Group Limited'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.


Mitchell Communication Group Limited's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Mitchell Communication Group Limited's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Mitchell Communication Group Limited's Cyclically Adjusted PS Ratio falls into.



Mitchell Communication Group Limited 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.

Mitchell Communication Group Limited's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun10 is calculated as:

For example, Mitchell Communication Group Limited's adjusted Revenue per Share data for the fiscal year that ended in Jun10 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun10 (Change)*Current CPI (Jun10)
=0.872/88.9714*88.9714
=0.872

Current CPI (Jun10) = 88.9714.

Mitchell Communication Group Limited Annual Data

Revenue per Share CPI Adj_RevenuePerShare
200106 0.061 69.190 0.078
200206 0.050 71.140 0.063
200306 0.047 72.997 0.057
200406 0.073 74.855 0.087
200506 0.096 76.712 0.111
200606 0.177 79.777 0.197
200706 0.405 81.449 0.442
200806 0.674 85.071 0.705
200906 0.772 86.278 0.796
201006 0.872 88.971 0.872

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.


Mitchell Communication Group Limited  (ASX:MCU) 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.


Mitchell Communication Group Limited Cyclically Adjusted PS Ratio Related Terms

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Mitchell Communication Group Limited (ASX:MCU) Business Description

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Mitchell Communication Services (MCU, formerly emitch Limited) is Australia's largest independently owned communications group, a media and buying agency, in Australia and New Zealand.

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