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Platinum Capital (ASX:PMC) Cyclically Adjusted PS Ratio : 7.58 (As of Apr. 30, 2024)


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What is Platinum Capital Cyclically Adjusted PS Ratio?

As of today (2024-04-30), Platinum Capital's current share price is A$1.365. Platinum Capital's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 was A$0.18. Platinum Capital's Cyclically Adjusted PS Ratio for today is 7.58.

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

ASX:PMC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.48   Med: 9.61   Max: 15.14
Current: 7.64

During the past 13 years, Platinum Capital's highest Cyclically Adjusted PS Ratio was 15.14. The lowest was 5.48. And the median was 9.61.

ASX:PMC's Cyclically Adjusted PS Ratio is ranked worse than
51.08% of 881 companies
in the Asset Management industry
Industry Median: 7.38 vs ASX:PMC: 7.64

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.

Platinum Capital's adjusted revenue per share data of for the fiscal year that ended in Jun23 was A$0.204. 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 A$0.18 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Platinum Capital Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Platinum Capital'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.

Platinum Capital Cyclically Adjusted PS Ratio Chart

Platinum Capital Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.06 8.45 7.78 6.04 7.00

Platinum Capital Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - 6.04 - 7.00 -

Competitive Comparison of Platinum Capital's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Platinum Capital'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.


Platinum Capital's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

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



Platinum Capital 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.

Platinum Capital's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.365/0.18
=7.58

* 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.

Platinum Capital's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Platinum Capital's adjusted Revenue per Share data for the fiscal year that ended in Jun23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.204/124.1700*124.1700
=0.204

Current CPI (Jun23) = 124.1700.

Platinum Capital Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.260 98.352 0.328
201506 0.303 99.838 0.377
201606 -0.090 100.859 -0.111
201706 0.306 102.809 0.370
201806 0.274 104.945 0.324
201906 0.021 106.617 0.024
202006 -0.033 106.246 -0.039
202106 0.355 110.332 0.400
202206 -0.073 117.112 -0.077
202306 0.204 124.170 0.204

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.


Platinum Capital  (ASX:PMC) 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.


Platinum Capital Cyclically Adjusted PS Ratio Related Terms

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


Platinum Capital (ASX:PMC) Business Description

Traded in Other Exchanges
N/A
Address
Level 8, 7 Macquarie Place, Sydney, NSW, AUS, 2000
Platinum Capital Ltd is an Australian close-ended investment company with its investment objectives to deliver attractive returns to shareholders over time, made up of capital growth and fully-franked dividends, and contain capital losses by mitigating the impact of market downturns. It focuses on investing in securities of a company, of which business and growth are undervalued. The investment manager of the company adopts a bottom-up stock selection methodology through which long-term capital growth is sought by investing in undervalued securities, cash and actively managed currency as well as it seeks to earn absolute returns. Its portfolio includes equities and derivatives, forward currency contracts and overseas bank accounts.

Platinum Capital (ASX:PMC) Headlines

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