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APA (BSP:A1PA34) Cyclically Adjusted PS Ratio : 1.35 (As of Apr. 30, 2024)


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What is APA Cyclically Adjusted PS Ratio?

As of today (2024-04-30), APA's current share price is R$169.10. APA's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$124.94. APA's Cyclically Adjusted PS Ratio for today is 1.35.

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

BSP:A1PA34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.16   Med: 1.38   Max: 2.93
Current: 1.32

During the past years, APA's highest Cyclically Adjusted PS Ratio was 2.93. The lowest was 0.16. And the median was 1.38.

BSP:A1PA34's Cyclically Adjusted PS Ratio is ranked worse than
60.42% of 758 companies
in the Oil & Gas industry
Industry Median: 0.9 vs BSP:A1PA34: 1.32

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.

APA's adjusted revenue per share data for the three months ended in Dec. 2023 was R$34.362. 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 R$124.94 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


APA Cyclically Adjusted PS Ratio Historical Data

The historical data trend for APA'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.

APA Cyclically Adjusted PS Ratio Chart

APA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 0.52 1.02 1.79 1.45

APA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.79 1.40 1.35 1.65 1.45

Competitive Comparison of APA's Cyclically Adjusted PS Ratio

For the Oil & Gas E&P subindustry, APA'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.


APA's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, APA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



APA 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.

APA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=169.10/124.94
=1.35

* 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.

APA's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, APA's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=34.362/129.4194*129.4194
=34.362

Current CPI (Dec. 2023) = 129.4194.

APA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 21.413 99.695 27.797
201406 20.055 100.560 25.811
201409 19.519 100.428 25.154
201412 19.388 99.070 25.327
201503 13.649 99.621 17.732
201506 16.390 100.684 21.068
201509 16.583 100.392 21.378
201512 12.874 99.792 16.696
201603 10.634 100.470 13.698
201606 12.519 101.688 15.933
201609 12.319 101.861 15.652
201612 12.876 101.863 16.359
201703 12.347 102.862 15.535
201706 11.581 103.349 14.502
201709 11.360 104.136 14.118
201712 14.109 104.011 17.556
201803 14.798 105.290 18.189
201806 18.963 106.317 23.084
201809 21.088 106.507 25.625
201812 20.997 105.998 25.637
201903 17.140 107.251 20.683
201906 16.527 108.070 19.792
201909 16.041 108.329 19.164
201912 18.824 108.420 22.470
202003 17.373 108.902 20.646
202006 10.322 108.767 12.282
202009 16.000 109.815 18.856
202012 16.591 109.897 19.538
202103 27.819 111.754 32.216
202106 23.298 114.631 26.304
202109 28.679 115.734 32.070
202112 35.814 117.630 39.404
202203 38.277 121.301 40.839
202206 44.972 125.017 46.556
202209 45.874 125.227 47.410
202212 41.560 125.222 42.953
202303 33.522 127.348 34.067
202306 28.211 128.729 28.362
202309 37.008 129.860 36.883
202312 34.362 129.419 34.362

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.


APA  (BSP:A1PA34) 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.


APA Cyclically Adjusted PS Ratio Related Terms

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


APA (BSP:A1PA34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » APA Corp (BSP:A1PA34) » Definitions » Cyclically Adjusted PS Ratio
Traded in Other Exchanges
Address
2000 Post Oak Boulevard, Suite 100, One Post Oak Central, Houston, TX, USA, 77056-4400
Based in Houston, APA is an independent exploration and production company. It operates primarily in the U.S., Egypt, the North Sea, and Suriname. At year-end 2022, proved reserves totaled 890 million barrels of oil equivalent, with net reported production of 400 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).

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