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Beekay Steel Industries (BOM:539018) Cyclically Adjusted PS Ratio : 1.41 (As of Jun. 23, 2024)


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What is Beekay Steel Industries Cyclically Adjusted PS Ratio?

As of today (2024-06-23), Beekay Steel Industries's current share price is ₹767.80. Beekay Steel Industries's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar24 was ₹544.87. Beekay Steel Industries's Cyclically Adjusted PS Ratio for today is 1.41.

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

BOM:539018' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.78   Med: 0.83   Max: 1.41
Current: 1.41

During the past 11 years, Beekay Steel Industries's highest Cyclically Adjusted PS Ratio was 1.41. The lowest was 0.78. And the median was 0.83.

BOM:539018's Cyclically Adjusted PS Ratio is ranked worse than
77.71% of 525 companies
in the Steel industry
Industry Median: 0.47 vs BOM:539018: 1.41

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.

Beekay Steel Industries's adjusted revenue per share data of for the fiscal year that ended in Mar24 was ₹528.304. 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 ₹544.87 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beekay Steel Industries Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Beekay Steel Industries'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.

Beekay Steel Industries Cyclically Adjusted PS Ratio Chart

Beekay Steel Industries 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 - - - 0.78 1.03

Beekay Steel Industries 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 0.78 - - - 1.03

Competitive Comparison of Beekay Steel Industries's Cyclically Adjusted PS Ratio

For the Steel subindustry, Beekay Steel Industries'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.


Beekay Steel Industries's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Beekay Steel Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Beekay Steel Industries's Cyclically Adjusted PS Ratio falls into.



Beekay Steel Industries 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.

Beekay Steel Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=767.80/544.87
=1.41

* 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.

Beekay Steel Industries's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Beekay Steel Industries'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)
=528.304/153.0345*153.0345
=528.304

Current CPI (Mar24) = 153.0345.

Beekay Steel Industries Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201503 271.993 97.163 428.397
201603 256.386 102.518 382.721
201703 360.885 105.196 525.000
201803 487.342 109.786 679.320
201903 475.310 118.202 615.377
202003 395.720 124.705 485.616
202103 430.916 131.771 500.454
202203 620.172 138.822 683.666
202303 594.811 146.865 619.799
202403 528.304 153.035 528.304

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.


Beekay Steel Industries  (BOM:539018) 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.


Beekay Steel Industries Cyclically Adjusted PS Ratio Related Terms

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


Beekay Steel Industries (BOM:539018) Business Description

Traded in Other Exchanges
N/A
Address
2/1A, Sarat Bose Road, Lansdowne Towers, 4th Floor, Kolkata, WB, IND, 700020
Beekay Steel Industries Ltd is engaged in the business of producing steel products. It operates in the business segment of Rolling of iron and steel. Its products include Sections including flats, rounds, squares, RCS, hexagonals, octagonals, and trapezium; Bright Bars including flats, rounds, squares, and hexagonals; Structurals including angles, channels, i-beams, and h-beams; TMT bars; and coil springs. The company derives revenues from the sale of manufactured goods, traded goods and related services.

Beekay Steel Industries (BOM:539018) Headlines

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