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Prime Securities (BOM:500337) Cyclically Adjusted PS Ratio : 13.86 (As of May. 23, 2024)


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What is Prime Securities Cyclically Adjusted PS Ratio?

As of today (2024-05-23), Prime Securities's current share price is ₹199.75. Prime Securities's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹14.41. Prime Securities's Cyclically Adjusted PS Ratio for today is 13.86.

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

BOM:500337' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.2   Med: 11.05   Max: 13.85
Current: 13.85

During the past years, Prime Securities's highest Cyclically Adjusted PS Ratio was 13.85. The lowest was 8.20. And the median was 11.05.

BOM:500337's Cyclically Adjusted PS Ratio is ranked worse than
87.23% of 564 companies
in the Capital Markets industry
Industry Median: 3.24 vs BOM:500337: 13.85

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.

Prime Securities's adjusted revenue per share data for the three months ended in Mar. 2024 was ₹3.294. 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 ₹14.41 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Prime Securities Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Prime Securities'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.

Prime Securities Cyclically Adjusted PS Ratio Chart

Prime Securities 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 - - - 8.20 12.61

Prime Securities 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 8.20 8.91 10.97 11.76 12.61

Competitive Comparison of Prime Securities's Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, Prime Securities'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.


Prime Securities's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Prime Securities's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Prime Securities 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.

Prime Securities's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=199.75/14.41
=13.86

* 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.

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

For example, Prime Securities'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)
=3.294/153.0345*153.0345
=3.294

Current CPI (Mar. 2024) = 153.0345.

Prime Securities Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 0.000 76.889 0.000
201209 -4.283 82.244 -7.970
201309 -1.904 91.042 -3.200
201503 0.000 97.163 0.000
201506 0.236 99.841 0.362
201509 0.814 101.753 1.224
201512 0.710 102.901 1.056
201603 2.169 102.518 3.238
201606 1.202 105.961 1.736
201609 1.194 105.961 1.724
201612 1.253 105.196 1.823
201703 2.723 105.196 3.961
201706 2.917 107.109 4.168
201709 2.205 109.021 3.095
201712 2.433 109.404 3.403
201803 1.013 109.786 1.412
201806 3.641 111.317 5.006
201809 3.530 115.142 4.692
201812 5.038 115.142 6.696
201903 5.036 118.202 6.520
201906 3.957 120.880 5.010
201909 7.028 123.175 8.732
201912 5.224 126.235 6.333
202003 11.449 124.705 14.050
202006 3.549 127.000 4.277
202009 2.900 130.118 3.411
202012 1.833 130.889 2.143
202103 6.556 131.771 7.614
202106 2.290 134.084 2.614
202109 4.045 135.847 4.557
202112 4.732 138.161 5.241
202203 2.717 138.822 2.995
202206 2.601 142.347 2.796
202209 2.017 144.661 2.134
202212 4.344 145.763 4.561
202303 3.141 146.865 3.273
202306 5.723 150.280 5.828
202309 4.229 151.492 4.272
202312 4.766 152.924 4.769
202403 3.294 153.035 3.294

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.


Prime Securities  (BOM:500337) 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.


Prime Securities Cyclically Adjusted PS Ratio Related Terms

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


Prime Securities (BOM:500337) Business Description

Traded in Other Exchanges
Address
1109/1110, Maker Chambers V, Nariman Point, Mumbai, MH, IND, 400021
Prime Securities Ltd is engaged in the provision of investment banking and corporate advisory services. The business activity of the group is operated through - Financial Advisory & Intermediation services and Brokerage from Mutual Fund distribution. The company is in providing value-added advice and services to clients on complex strategic and financial decisions and transactions focused on fundraising, mergers and acquisitions, equity and debt private placements, initial public offerings, corporate advisory, and capital restructuring. The company's business segment is providing merchant banking and advisory services. Geographically, all the activities function throughout the region of India.

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