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Torrent Power (BOM:532779) Cyclically Adjusted PS Ratio : 3.82 (As of May. 29, 2024)


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What is Torrent Power Cyclically Adjusted PS Ratio?

As of today (2024-05-29), Torrent Power's current share price is ₹1452.00. Torrent Power's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹379.87. Torrent Power's Cyclically Adjusted PS Ratio for today is 3.82.

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

BOM:532779' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.08   Med: 1.64   Max: 3.79
Current: 3.79

During the past years, Torrent Power's highest Cyclically Adjusted PS Ratio was 3.79. The lowest was 1.08. And the median was 1.64.

BOM:532779's Cyclically Adjusted PS Ratio is ranked worse than
70.72% of 263 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.87 vs BOM:532779: 3.79

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.

Torrent Power's adjusted revenue per share data for the three months ended in Mar. 2024 was ₹135.811. 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 ₹379.87 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Torrent Power Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Torrent Power'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.

Torrent Power Cyclically Adjusted PS Ratio Chart

Torrent Power 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 - 1.50 1.65 1.50 3.57

Torrent Power 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 1.50 1.74 2.03 2.50 3.57

Competitive Comparison of Torrent Power's Cyclically Adjusted PS Ratio

For the Utilities - Independent Power Producers subindustry, Torrent Power'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.


Torrent Power's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Torrent Power's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Torrent Power 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.

Torrent Power's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1452.00/379.87
=3.82

* 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.

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

For example, Torrent Power'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)
=135.811/153.0345*153.0345
=135.811

Current CPI (Mar. 2024) = 153.0345.

Torrent Power Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 53.556 94.103 87.096
201409 55.740 96.780 88.139
201412 52.871 96.780 83.603
201503 52.958 97.163 83.410
201506 60.755 99.841 93.125
201509 63.612 101.753 95.671
201512 58.616 102.901 87.174
201603 51.932 102.518 77.522
201606 54.070 105.961 78.091
201609 55.668 105.961 80.399
201612 48.427 105.196 70.449
201703 50.547 105.196 73.534
201706 63.347 107.109 90.509
201709 60.539 109.021 84.979
201712 57.135 109.404 79.921
201803 58.422 109.786 81.436
201806 73.421 111.317 100.937
201809 71.702 115.142 95.299
201812 67.690 115.142 89.966
201903 56.768 118.202 73.497
201906 77.771 120.880 98.459
201909 79.956 123.175 99.339
201912 64.092 126.235 77.698
202003 58.601 124.705 71.913
202006 62.536 127.000 75.355
202009 65.117 130.118 76.586
202012 61.450 130.889 71.847
202103 60.937 131.771 70.770
202106 64.501 134.084 73.617
202109 75.862 135.847 85.460
202112 78.403 138.161 86.844
202203 73.685 138.822 81.229
202206 135.494 142.347 145.667
202209 139.449 144.661 147.521
202212 134.013 145.763 140.699
202303 125.699 146.865 130.980
202306 152.426 150.280 155.220
202309 144.807 151.492 146.281
202312 132.513 152.924 132.608
202403 135.811 153.035 135.811

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.


Torrent Power  (BOM:532779) 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.


Torrent Power Cyclically Adjusted PS Ratio Related Terms

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


Torrent Power (BOM:532779) Business Description

Traded in Other Exchanges
Address
Samanvay, 600, Tapovan, Ambawadi, Ahmedabad, GJ, IND, 380015
Torrent Power Ltd is an Indian utility company engaged in the business of power generation, transmission, and distribution. Both by itself and through its subsidiaries, Torrent Power operates a portfolio of gas, combined cycle, coal, wind, and solar power plants. The company's gas-fired facilities constitute most of its energy-producing capacity. Torrent Power generates the vast majority of its revenue from the supply of power generated by its facilities and transmitted through its power grids to areas of Western and Northern India. Its sales are fairly evenly divided among residential, commercial, low tension and high tension consumers. The low tension customer class would include smaller manufacturing units, while high tension would be composed of heavier industrial entities.

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