Bhandari Hosiery Exports (BOM:512608) Cyclically Adjusted PS Ratio : 0.45 (As of Jun. 20, 2024)

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What is Bhandari Hosiery Exports Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Bhandari Hosiery Exports's current share price is ₹8.11. Bhandari Hosiery Exports's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹17.95. Bhandari Hosiery Exports's Cyclically Adjusted PS Ratio for today is 0.45.

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

BOM:512608' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.26 Max: 0.69
Current: 0.45

During the past years, Bhandari Hosiery Exports's highest Cyclically Adjusted PS Ratio was 0.69. The lowest was 0.06. And the median was 0.26.

BOM:512608's Cyclically Adjusted PS Ratio is ranked better than
61.49% of 875 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.66 vs BOM:512608: 0.45

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.

Bhandari Hosiery Exports's adjusted revenue per share data for the three months ended in Mar. 2024 was ₹5.566. 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 ₹17.95 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Bhandari Hosiery Exports Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Bhandari Hosiery Exports'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.

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Bhandari Hosiery Exports Cyclically Adjusted PS Ratio Chart

Bhandari Hosiery Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cyclically Adjusted PS Ratio

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0.14

0.43

0.23

0.37

Bhandari Hosiery Exports 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															0.23	0.24	0.30	0.31	0.37

Competitive Comparison of Bhandari Hosiery Exports's Cyclically Adjusted PS Ratio

For the Apparel Manufacturing subindustry, Bhandari Hosiery Exports'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.

Bhandari Hosiery Exports's Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bhandari Hosiery Exports's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Bhandari Hosiery Exports's Cyclically Adjusted PS Ratio falls into.

Bhandari Hosiery Exports 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.

Bhandari Hosiery Exports's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	8.11	/	17.95
	=	0.45

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

For example, Bhandari Hosiery Exports'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)
	=	5.566	/	153.0345	*	153.0345
	=	5.566

Current CPI (Mar. 2024) = 153.0345.

Bhandari Hosiery Exports Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201406	1.123	94.103	1.826
201409	1.481	96.780	2.342
201412	2.366	96.780	3.741
201503	2.492	97.163	3.925
201506	2.823	99.841	4.327
201509	3.191	101.753	4.799
201512	3.099	102.901	4.609
201603	2.873	102.518	4.289
201606	3.147	105.961	4.545
201609	3.626	105.961	5.237
201612	3.003	105.196	4.369
201703	3.199	105.196	4.654
201706	3.605	107.109	5.151
201709	3.022	109.021	4.242
201712	3.617	109.404	5.059
201803	4.056	109.786	5.654
201806	3.621	111.317	4.978
201809	3.087	115.142	4.103
201812	3.611	115.142	4.799
201903	5.533	118.202	7.163
201906	2.785	120.880	3.526
201909	4.285	123.175	5.324
201912	4.161	126.235	5.044
202003	5.382	124.705	6.605
202006	1.015	127.000	1.223
202009	3.767	130.118	4.430
202012	4.083	130.889	4.774
202103	4.656	131.771	5.407
202106	2.467	134.084	2.816
202109	4.671	135.847	5.262
202112	4.093	138.161	4.534
202203	5.620	138.822	6.195
202206	2.696	142.347	2.898
202209	4.223	144.661	4.467
202212	3.347	145.763	3.514
202303	7.390	146.865	7.700
202306	3.301	150.280	3.362
202309	3.804	151.492	3.843
202312	3.236	152.924	3.238
202403	5.566	153.035	5.566

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.

Bhandari Hosiery Exports (BOM:512608) 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.

Bhandari Hosiery Exports Cyclically Adjusted PS Ratio Related Terms

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

Bhandari Hosiery Exports (BOM:512608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bhandari Hosiery Exports Ltd (BOM:512608) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

BHANDARI:India

Address

Rahon Road, Bhandari House, Village Meharban, Ludhiana, PB, IND, 141007

Website

https://www.bhandariexport.com

Bhandari Hosiery Exports Ltd is an India-based firm. The company is engaged in the manufacturing and distribution of textiles consisting of fabric and garments. It is engaged in dyeing, knitting, and finishing of fabrics. Its product portfolio includes products like T-Shirts, pullovers, sweatshirts, bermudas, polo shirts, tracksuits, pajamas, lowers, ladies, knitted tops with embroidery and prints. Majority of its revenue is earned from the Indian market, while it is also engaged in the export of knitted hosiery garments.

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