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Eicher Motors (BOM:505200) Cyclically Adjusted PS Ratio : 10.05 (As of May. 22, 2024)


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What is Eicher Motors Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Eicher Motors's current share price is ₹4670.45. Eicher Motors's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹464.53. Eicher Motors's Cyclically Adjusted PS Ratio for today is 10.05.

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

BOM:505200' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.46   Med: 6.88   Max: 10.11
Current: 10.1

During the past years, Eicher Motors's highest Cyclically Adjusted PS Ratio was 10.11. The lowest was 3.46. And the median was 6.88.

BOM:505200's Cyclically Adjusted PS Ratio is ranked worse than
98.4% of 1000 companies
in the Vehicles & Parts industry
Industry Median: 0.66 vs BOM:505200: 10.10

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.

Eicher Motors's adjusted revenue per share data for the three months ended in Mar. 2024 was ₹152.162. 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 ₹464.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eicher Motors Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Eicher Motors'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.

Eicher Motors Cyclically Adjusted PS Ratio Chart

Eicher Motors Annual Data
Trend Dec14 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 3.58 6.85 6.20 6.86 8.65

Eicher Motors 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 6.86 8.07 7.63 8.99 8.65

Competitive Comparison of Eicher Motors's Cyclically Adjusted PS Ratio

For the Auto Manufacturers subindustry, Eicher Motors'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.


Eicher Motors's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Eicher Motors's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Eicher Motors 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.

Eicher Motors's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4670.45/464.53
=10.05

* 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.

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

For example, Eicher Motors'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)
=152.162/153.0345*153.0345
=152.162

Current CPI (Mar. 2024) = 153.0345.

Eicher Motors Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 81.673 94.103 132.821
201409 82.694 96.780 130.760
201412 85.049 96.780 134.484
201503 92.976 97.163 146.440
201506 72.911 99.841 111.757
201509 47.448 101.753 71.361
201512 46.957 102.901 69.835
201603 135.818 102.518 202.743
201606 56.839 105.961 82.090
201609 64.121 105.961 92.607
201612 67.013 105.196 97.488
201703 68.781 105.196 100.060
201706 72.990 107.109 104.286
201709 79.158 109.021 111.115
201712 82.446 109.404 115.326
201803 92.220 109.786 128.548
201806 92.798 111.317 127.576
201809 87.706 115.142 116.570
201812 85.288 115.142 113.356
201903 91.375 118.202 118.302
201906 86.527 120.880 109.544
201909 79.553 123.175 98.838
201912 86.062 126.235 104.333
202003 80.194 124.705 98.412
202006 29.621 127.000 35.693
202009 77.383 130.118 91.012
202012 102.653 130.889 120.021
202103 106.784 131.771 124.016
202106 70.953 134.084 80.981
202109 80.947 135.847 91.188
202112 103.277 138.161 114.395
202203 114.879 138.822 126.640
202206 121.451 142.347 130.569
202209 126.074 144.661 133.372
202212 133.778 145.763 140.452
202303 136.223 146.865 141.946
202306 142.708 150.280 145.324
202309 147.073 151.492 148.571
202312 150.042 152.924 150.150
202403 152.162 153.035 152.162

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.


Eicher Motors  (BOM:505200) 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.


Eicher Motors Cyclically Adjusted PS Ratio Related Terms

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


Eicher Motors (BOM:505200) Business Description

Traded in Other Exchanges
Address
No. 96, Sector 32, Gurugram, HR, IND, 122001
Eicher Motors Ltd is an Indian automobile manufacturer. The company organizes itself into two divisions, based on product type: motorcycles, and commercial vehicles. The motorcycles division, the most significant contributor to Eicher Motors' revenue, produces motorcycles through the Royal Enfield brand. The commercial vehicles divisions, through a joint venture with Volvo, produces trucks and buses for sale in India and other developing markets. The company derives the vast majority of revenue domestically.

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