Veritas (India) (BOM:512229) Cyclically Adjusted PS Ratio : 1.27 (As of Jun. 20, 2024)

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What is Veritas (India) Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Veritas (India)'s current share price is ₹1204.50. Veritas (India)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹949.34. Veritas (India)'s Cyclically Adjusted PS Ratio for today is 1.27.

The historical rank and industry rank for Veritas (India)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

BOM:512229' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.32 Max: 1.61
Current: 1.22

During the past years, Veritas (India)'s highest Cyclically Adjusted PS Ratio was 1.61. The lowest was 0.16. And the median was 0.32.

BOM:512229's Cyclically Adjusted PS Ratio is ranked worse than
65.39% of 445 companies
in the Conglomerates industry
Industry Median: 0.73 vs BOM:512229: 1.22

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.

Veritas (India)'s adjusted revenue per share data for the three months ended in Mar. 2024 was ₹408.137. 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 ₹949.34 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Veritas (India) Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Veritas (India)'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.

Veritas (India) Cyclically Adjusted PS Ratio Chart

Veritas (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cyclically Adjusted PS Ratio

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0.17

1.13

Veritas (India) 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															0.17	0.20	0.25	0.58	1.13

Competitive Comparison of Veritas (India)'s Cyclically Adjusted PS Ratio

For the Conglomerates subindustry, Veritas (India)'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.

Veritas (India)'s Cyclically Adjusted PS Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Veritas (India)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Veritas (India)'s Cyclically Adjusted PS Ratio falls into.

Veritas (India) 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.

Veritas (India)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	1204.50	/	949.34
	=	1.27

Veritas (India)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Veritas (India)'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)
	=	408.137	/	153.0345	*	153.0345
	=	408.137

Current CPI (Mar. 2024) = 153.0345.

Veritas (India) Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201303	116.169	85.687	207.474
201306	113.033	88.365	195.756
201309	113.137	91.042	190.174
201312	121.698	91.425	203.708
201403	148.709	91.425	248.921
201406	130.774	94.103	212.671
201409	136.592	96.780	215.987
201412	144.902	96.780	229.127
201503	208.451	97.163	328.317
201506	164.216	99.841	251.708
201509	153.601	101.753	231.012
201512	147.169	102.901	218.870
201603	93.901	102.518	140.171
201606	150.084	105.961	216.759
201609	153.400	105.961	221.548
201612	155.096	105.196	225.627
201703	156.093	105.196	227.077
201803	0.000	109.786	0.000
201812	174.006	115.142	231.270
201903	240.866	118.202	311.846
201906	177.116	120.880	224.230
201909	178.236	123.175	221.443
201912	218.275	126.235	264.614
202003	186.100	124.705	228.377
202006	157.317	127.000	189.566
202009	226.874	130.118	266.831
202012	156.873	130.889	183.415
202103	158.801	131.771	184.427
202106	124.476	134.084	142.068
202109	308.495	135.847	347.526
202112	171.292	138.161	189.733
202203	190.997	138.822	210.551
202206	146.451	142.347	157.446
202209	201.312	144.661	212.965
202212	213.327	145.763	223.969
202303	245.643	146.865	255.963
202306	184.787	150.280	188.174
202309	350.926	151.492	354.499
202312	493.770	152.924	494.126
202403	408.137	153.035	408.137

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.

Veritas (India) (BOM:512229) 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.

Veritas (India) Cyclically Adjusted PS Ratio Related Terms

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

Veritas (India) (BOM:512229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Veritas (India) Ltd (BOM:512229) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Mint Road, Veritas House, 3rd Floor, Fort, Mumbai, MH, IND, 400001

Website

https://www.veritasindia.net

Veritas (India) Ltd is engaged in the business of imports, exports, trading, and distribution of chemicals, polymers, paper & paper boards, rubber, heavy distillates, development of software, etc., and also in the generation of wind energy. The operating business segments of the company are Trading Distribution development and Wind power generation.

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