GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Pioneer Investcorp Ltd (BOM:507864) » Definitions » Cyclically Adjusted PS Ratio

Pioneer Investcorp (BOM:507864) Cyclically Adjusted PS Ratio : 1.75 (As of Sep. 21, 2024)


View and export this data going back to 1991. Start your Free Trial

What is Pioneer Investcorp Cyclically Adjusted PS Ratio?

As of today (2024-09-21), Pioneer Investcorp's current share price is ₹68.28. Pioneer Investcorp's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar24 was ₹39.05. Pioneer Investcorp's Cyclically Adjusted PS Ratio for today is 1.75.

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

BOM:507864' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.79   Max: 1.76
Current: 1.76

During the past 13 years, Pioneer Investcorp's highest Cyclically Adjusted PS Ratio was 1.76. The lowest was 0.43. And the median was 0.79.

BOM:507864's Cyclically Adjusted PS Ratio is ranked better than
68.31% of 568 companies
in the Capital Markets industry
Industry Median: 3.55 vs BOM:507864: 1.76

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.

Pioneer Investcorp's adjusted revenue per share data of for the fiscal year that ended in Mar24 was ₹33.437. 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 ₹39.05 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pioneer Investcorp Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Pioneer Investcorp'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.

Pioneer Investcorp Cyclically Adjusted PS Ratio Chart

Pioneer Investcorp 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 0.56 0.61 0.85 0.79 1.18

Pioneer Investcorp Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - - - 1.18 -

Competitive Comparison of Pioneer Investcorp's Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, Pioneer Investcorp'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.


Pioneer Investcorp's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

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

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



Pioneer Investcorp 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.

Pioneer Investcorp's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=68.28/39.05
=1.75

* 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.

Pioneer Investcorp's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Pioneer Investcorp's adjusted Revenue per Share data for the fiscal year that ended in Mar24 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=33.437/153.0345*153.0345
=33.437

Current CPI (Mar24) = 153.0345.

Pioneer Investcorp Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201503 23.439 97.163 36.917
201603 19.083 102.518 28.486
201703 51.241 105.196 74.543
201803 32.288 109.786 45.007
201903 30.809 118.202 39.888
202003 35.717 124.705 43.831
202103 25.314 131.771 29.399
202203 28.798 138.822 31.746
202303 26.176 146.865 27.276
202403 33.437 153.035 33.437

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.


Pioneer Investcorp  (BOM:507864) 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.


Pioneer Investcorp Cyclically Adjusted PS Ratio Related Terms

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


Pioneer Investcorp Business Description

Traded in Other Exchanges
N/A
Address
1218, Maker Chambers V, 12th Floor, Nariman Point, Mumbai, MH, IND, 400021
Pioneer Investcorp Ltd is a financial services company specializing in investment banking and advisory services. The company is a SEBI registered category I Merchant Banker. Its investment banking services include private equity advisory, merchant banking, corporate finance advisory, and strategic alliances, debt syndication, structured transactions, and mergers and acquisitions. The company also deals in products like Treasury Bills, Government securities, State Development Loans, Non-SLR Bonds, Corporate Bonds, and money market instruments like Certificates of Deposit, Commercial Paper, Inter-Corporate Deposits, and Call and notice Money Deposits. It also provides underwriting, claims, reinsurance, and risk management for a diverse set of clients.

Pioneer Investcorp Headlines

No Headlines