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Reliance Industries (BOM:500325) Cyclically Adjusted PS Ratio : 2.80 (As of Jun. 16, 2024)


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What is Reliance Industries Cyclically Adjusted PS Ratio?

As of today (2024-06-16), Reliance Industries's current share price is ₹2954.55. Reliance Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹1,056.29. Reliance Industries's Cyclically Adjusted PS Ratio for today is 2.80.

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

BOM:500325' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.02   Med: 2.4   Max: 2.85
Current: 2.8

During the past years, Reliance Industries's highest Cyclically Adjusted PS Ratio was 2.85. The lowest was 2.02. And the median was 2.40.

BOM:500325's Cyclically Adjusted PS Ratio is ranked worse than
80.71% of 762 companies
in the Oil & Gas industry
Industry Median: 0.86 vs BOM:500325: 2.80

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.

Reliance Industries's adjusted revenue per share data for the three months ended in Mar. 2024 was ₹349.462. 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 ₹1,056.29 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Reliance Industries Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Reliance Industries'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.

Reliance Industries Cyclically Adjusted PS Ratio Chart

Reliance Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.17 2.66 2.15 2.82

Reliance Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.15 2.29 2.26 2.47 2.82

Competitive Comparison of Reliance Industries's Cyclically Adjusted PS Ratio

For the Oil & Gas Refining & Marketing subindustry, Reliance Industries'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.


Reliance Industries's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Reliance Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Reliance Industries 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.

Reliance Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2954.55/1056.29
=2.80

* 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.

Reliance Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Reliance Industries's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=349.462/153.0345*153.0345
=349.462

Current CPI (Mar. 2024) = 153.0345.

Reliance Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 176.620 94.103 287.229
201409 183.116 96.780 289.553
201412 155.405 96.780 245.735
201503 113.686 97.163 179.059
201506 128.508 99.841 196.976
201509 117.056 101.753 176.049
201512 112.006 102.901 166.576
201603 99.392 102.518 148.368
201606 108.451 105.961 156.631
201609 127.004 105.961 183.426
201612 131.782 105.196 191.711
201703 140.690 105.196 204.670
201706 138.042 107.109 197.231
201709 152.657 109.021 214.286
201712 165.834 109.404 231.969
201803 193.580 109.786 269.837
201806 215.208 111.317 295.861
201809 237.354 115.142 315.466
201812 259.828 115.142 345.336
201903 233.165 118.202 301.875
201906 264.707 120.880 335.121
201909 244.681 123.175 303.995
201912 240.226 126.235 291.225
202003 213.907 124.705 262.500
202006 137.585 127.000 165.789
202009 170.685 130.118 200.746
202012 179.295 130.889 209.630
202103 230.249 131.771 267.405
202106 212.438 134.084 242.462
202109 252.397 135.847 284.331
202112 276.907 138.161 306.718
202203 305.842 138.822 337.154
202206 323.498 142.347 347.785
202209 339.175 144.661 358.807
202212 320.329 145.763 336.309
202303 314.513 146.865 327.726
202306 306.717 150.280 312.339
202309 342.750 151.492 346.240
202312 332.707 152.924 332.947
202403 349.462 153.035 349.462

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.


Reliance Industries  (BOM:500325) 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.


Reliance Industries Cyclically Adjusted PS Ratio Related Terms

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


Reliance Industries (BOM:500325) Business Description

Traded in Other Exchanges
Address
222, Nariman Point, 3rd Floor, Maker Chambers IV, Mumbai, MH, IND, 400021
Reliance Industries Ltd is engaged in hydrocarbon exploration and production, refining and marketing, petrochemicals, financial services, retail, and communications. The Group has five principal operating and reporting segments: Oil To Chemicals (O2C), Oil and Gas, Retail, Digital Services and Financial Services. Located in west India, Reliance's refineries produce a range of petroleum products that find use as fuel variants, feedstock, and fuel for power and cement plants. Fuels produced in refineries are exported to several countries and can be processed into any grade of gasoline or diesel. The Oil to Chemicals segment that derives the majority revenue includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.

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