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Bradespar (BSP:BRAP3) Cyclically Adjusted PS Ratio : 3.77 (As of May. 01, 2024)


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What is Bradespar Cyclically Adjusted PS Ratio?

As of today (2024-05-01), Bradespar's current share price is R$19.22. Bradespar's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$5.10. Bradespar's Cyclically Adjusted PS Ratio for today is 3.77.

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

BSP:BRAP3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.5   Med: 5.25   Max: 12.86
Current: 4

During the past years, Bradespar's highest Cyclically Adjusted PS Ratio was 12.86. The lowest was 3.50. And the median was 5.25.

BSP:BRAP3's Cyclically Adjusted PS Ratio is ranked better than
68.02% of 885 companies
in the Asset Management industry
Industry Median: 7.4 vs BSP:BRAP3: 4.00

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.

Bradespar's adjusted revenue per share data for the three months ended in Dec. 2023 was R$1.118. 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$5.10 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bradespar Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Bradespar'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.

Bradespar Cyclically Adjusted PS Ratio Chart

Bradespar 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 5.70 10.77 6.04 5.75 4.58

Bradespar 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 5.75 5.38 4.53 4.59 4.58

Competitive Comparison of Bradespar's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Bradespar'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.


Bradespar's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bradespar's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Bradespar 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19.22/5.1
=3.77

* 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.

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

For example, Bradespar'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)
=1.118/156.2729*156.2729
=1.118

Current CPI (Dec. 2023) = 156.2729.

Bradespar Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.802 90.447 1.386
201406 0.404 91.838 0.687
201409 -0.458 92.602 -0.773
201412 -0.828 94.194 -1.374
201503 -1.344 97.799 -2.148
201506 0.622 100.006 0.972
201509 -0.649 101.392 -1.000
201512 -4.692 104.247 -7.034
201603 0.813 106.979 1.188
201606 0.455 108.851 0.653
201609 0.177 109.986 0.251
201612 0.159 110.802 0.224
201703 1.026 111.869 1.433
201706 -0.142 112.115 -0.198
201709 1.636 112.777 2.267
201712 3.699 114.068 5.068
201803 0.772 114.868 1.050
201806 0.034 117.038 0.045
201809 0.863 117.881 1.144
201812 4.836 118.340 6.386
201903 -0.839 120.124 -1.091
201906 -0.043 120.977 -0.056
201909 0.874 121.292 1.126
201912 -0.818 123.436 -1.036
202003 0.136 124.092 0.171
202006 0.705 123.557 0.892
202009 2.265 125.095 2.830
202012 0.688 129.012 0.833
202103 4.693 131.660 5.570
202106 5.410 133.871 6.315
202109 2.792 137.913 3.164
202112 7.094 141.992 7.807
202203 2.227 146.537 2.375
202206 2.395 149.784 2.499
202209 2.747 147.800 2.904
202212 1.660 150.207 1.727
202303 1.856 153.352 1.891
202306 0.439 154.519 0.444
202309 1.274 155.464 1.281
202312 1.118 156.273 1.118

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.


Bradespar  (BSP:BRAP3) 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.


Bradespar Cyclically Adjusted PS Ratio Related Terms

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


Bradespar (BSP:BRAP3) Business Description

Traded in Other Exchanges
Address
Avenue Paulista 1450 - 9th floor, Cerqueira Cesar, Sao paulo, SP, BRA, 1310917
Bradespar is a Brazil-based holding company whose corporate purpose and single business segment is to hold equity interest as a partner or shareholder in other companies. Its holding companies include Millennium Security Holdings, which does business in the British Virgin Islands; and Vale S.A., which produces iron ore, raw materials for the steel and nickel industries, and metals. The company's operating income originates from equity accounting, dividends, and interest on equity received from Vale and interest from redeemable shares received.

Bradespar (BSP:BRAP3) Headlines

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