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Broadridge Financial Solutions (BSP:B1RF34) Cyclically Adjusted PS Ratio : 5.12 (As of Apr. 30, 2024)


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What is Broadridge Financial Solutions Cyclically Adjusted PS Ratio?

As of today (2024-04-30), Broadridge Financial Solutions's current share price is R$250.75. Broadridge Financial Solutions's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$48.93. Broadridge Financial Solutions's Cyclically Adjusted PS Ratio for today is 5.12.

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

BSP:B1RF34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.69   Med: 4.33   Max: 5.78
Current: 4.58

During the past years, Broadridge Financial Solutions's highest Cyclically Adjusted PS Ratio was 5.78. The lowest was 2.69. And the median was 4.33.

BSP:B1RF34's Cyclically Adjusted PS Ratio is ranked worse than
73.87% of 1420 companies
in the Software industry
Industry Median: 1.865 vs BSP:B1RF34: 4.58

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.

Broadridge Financial Solutions's adjusted revenue per share data for the three months ended in Dec. 2023 was R$14.451. 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$48.93 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Broadridge Financial Solutions Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Broadridge Financial Solutions'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.

Broadridge Financial Solutions Cyclically Adjusted PS Ratio Chart

Broadridge Financial Solutions Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.88 4.46 5.03 3.78 4.00

Broadridge Financial Solutions 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 3.45 3.63 4.00 4.22 4.80

Competitive Comparison of Broadridge Financial Solutions's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, Broadridge Financial Solutions'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.


Broadridge Financial Solutions's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Broadridge Financial Solutions's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Broadridge Financial Solutions 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.

Broadridge Financial Solutions's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=250.75/48.93
=5.12

* 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.

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

For example, Broadridge Financial Solutions'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)
=14.451/129.4194*129.4194
=14.451

Current CPI (Dec. 2023) = 129.4194.

Broadridge Financial Solutions Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.824 99.695 3.666
201406 3.981 100.560 5.124
201409 2.622 100.428 3.379
201412 3.051 99.070 3.986
201503 3.985 99.621 5.177
201506 5.889 100.684 7.570
201509 4.768 100.392 6.147
201512 5.081 99.792 6.589
201603 5.233 100.470 6.741
201606 6.893 101.688 8.773
201609 5.988 101.861 7.608
201612 6.160 101.863 7.826
201703 6.535 102.862 8.222
201706 9.294 103.349 11.638
201709 6.045 104.136 7.513
201712 6.935 104.011 8.629
201803 7.268 105.290 8.934
201806 10.313 106.317 12.554
201809 8.348 106.507 10.144
201812 7.772 105.998 9.489
201903 9.924 107.251 11.975
201906 9.903 108.070 11.859
201909 8.343 108.329 9.967
201912 8.481 108.420 10.124
202003 13.050 108.902 15.509
202006 15.137 108.767 18.011
202009 11.699 109.815 13.788
202012 11.518 109.897 13.564
202103 16.593 111.754 19.216
202106 16.303 114.631 18.406
202109 13.308 115.734 14.882
202112 15.002 117.630 16.506
202203 16.088 121.301 17.165
202206 18.347 125.017 18.993
202209 14.149 125.227 14.623
202212 14.259 125.222 14.737
202303 17.993 127.348 18.286
202306 18.705 128.729 18.805
202309 14.823 129.860 14.773
202312 14.451 129.419 14.451

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.


Broadridge Financial Solutions  (BSP:B1RF34) 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.


Broadridge Financial Solutions Cyclically Adjusted PS Ratio Related Terms

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


Broadridge Financial Solutions (BSP:B1RF34) Business Description

Traded in Other Exchanges
Address
5 Dakota Drive, Suite 300, Lake Success, NY, USA, 11042
Broadridge Financial Solutions, which was spun off from ADP in 2007, is a leading provider of investor communications and technology-driven solutions to banks, broker/dealers, asset managers, wealth managers, and corporate issuers. Broadridge is composed of two segments: investor communication solutions, or ICS, and global technology and operations, or GTO.

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