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Housing Development Finance (BOM:500010) Cyclically Adjusted PS Ratio : (As of May. 25, 2024)


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What is Housing Development Finance Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Housing Development Finance Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Housing Development Finance'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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Housing Development Finance Cyclically Adjusted PS Ratio Chart

Housing Development Finance Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
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Housing Development Finance Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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Competitive Comparison of Housing Development Finance's Cyclically Adjusted PS Ratio

For the Mortgage Finance subindustry, Housing Development Finance'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.


Housing Development Finance's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Housing Development Finance's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Housing Development Finance 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.

Housing Development Finance's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2023 is calculated as:

For example, Housing Development Finance's adjusted Revenue per Share data for the three months ended in Mar. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=184.337/146.8646*146.8646
=184.337

Current CPI (Mar. 2023) = 146.8646.

Housing Development Finance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201306 24.288 88.365 40.367
201309 23.358 91.042 37.680
201312 25.510 91.425 40.979
201403 32.537 91.425 52.267
201406 31.059 94.103 48.473
201409 32.771 96.780 49.730
201412 32.406 96.780 49.176
201503 41.671 97.163 62.987
201506 32.318 99.841 47.539
201509 31.750 101.753 45.826
201512 33.803 102.901 48.245
201603 52.617 102.518 75.378
201606 42.726 105.961 59.219
201609 46.748 105.961 64.794
201612 38.900 105.196 54.308
201703 46.570 105.196 65.017
201706 43.577 107.109 59.752
201709 45.976 109.021 61.935
201712 48.375 109.404 64.939
201803 58.704 109.786 78.530
201806 76.744 111.317 101.252
201809 91.028 115.142 116.107
201812 97.497 115.142 124.358
201903 120.954 118.202 150.284
201906 86.787 120.880 105.443
201909 95.727 123.175 114.138
201912 110.965 126.235 129.099
202003 50.070 124.705 58.967
202006 126.608 127.000 146.411
202009 150.143 130.118 169.467
202012 179.394 130.889 201.290
202103 156.972 131.771 174.953
202106 133.620 134.084 146.356
202109 174.835 135.847 189.015
202112 132.414 138.161 140.756
202203 153.207 138.822 162.083
202206 84.967 142.347 87.663
202209 192.636 144.661 195.570
202212 169.787 145.763 171.070
202303 184.337 146.865 184.337

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.


Housing Development Finance  (BOM:500010) 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.


Housing Development Finance Cyclically Adjusted PS Ratio Related Terms

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Housing Development Finance (BOM:500010) Business Description

Traded in Other Exchanges
N/A
Address
HDFC House, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai, MH, IND, 400 020
Housing Development Finance Corp Ltd provides housing finance services to customers in India, with a limited number of other international operations. The company is engaged in conservative lending practices through its retail mortgage business, while its customers are mostly first-time homebuyers. The initiation of housing loans, including home improvement and home extension loans, remains as the core business of the company. The company is also engaged in risk management strategies that include derivative securities. Its segments include Loans, Life Insurance, General Insurance, Asset Management, and Others. Geographically, it generates nearly all of its revenue from India.

Housing Development Finance (BOM:500010) Headlines

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