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Ecopetrol (BSP:E1CO34) Cyclically Adjusted PS Ratio : 1.10 (As of May. 01, 2024)


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What is Ecopetrol Cyclically Adjusted PS Ratio?

As of today (2024-05-01), Ecopetrol's current share price is R$30.33. Ecopetrol's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$27.46. Ecopetrol's Cyclically Adjusted PS Ratio for today is 1.10.

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

BSP:E1CO34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.92   Med: 1.4   Max: 2.78
Current: 1.03

During the past years, Ecopetrol's highest Cyclically Adjusted PS Ratio was 2.78. The lowest was 0.92. And the median was 1.40.

BSP:E1CO34's Cyclically Adjusted PS Ratio is ranked worse than
54.22% of 758 companies
in the Oil & Gas industry
Industry Median: 0.9 vs BSP:E1CO34: 1.03

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.

Ecopetrol's adjusted revenue per share data for the three months ended in Dec. 2023 was R$10.353. 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$27.46 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ecopetrol Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ecopetrol'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.

Ecopetrol Cyclically Adjusted PS Ratio Chart

Ecopetrol 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 2.06 1.38 1.52 1.18 1.05

Ecopetrol Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 1.03 1.18 1.15 1.07 1.05

Competitive Comparison of Ecopetrol's Cyclically Adjusted PS Ratio

For the Oil & Gas Integrated subindustry, Ecopetrol'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.


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

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

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



Ecopetrol 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=30.33/27.46
=1.10

* 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.

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

For example, Ecopetrol'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)
=10.353/129.4194*129.4194
=10.353

Current CPI (Dec. 2023) = 129.4194.

Ecopetrol Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 5.343 98.326 7.033
201403 5.419 99.695 7.035
201406 4.910 100.560 6.319
201409 5.097 100.428 6.568
201412 4.884 99.070 6.380
201503 3.778 99.621 4.908
201506 4.158 100.684 5.345
201509 4.073 100.392 5.251
201512 3.913 99.792 5.075
201603 2.949 100.470 3.799
201606 3.144 101.688 4.001
201609 3.307 101.861 4.202
201612 3.734 101.863 4.744
201703 3.526 102.862 4.436
201706 3.462 103.349 4.335
201709 3.451 104.136 4.289
201712 4.282 104.011 5.328
201803 4.059 105.290 4.989
201806 5.394 106.317 6.566
201809 5.866 106.507 7.128
201812 5.582 105.998 6.815
201903 4.836 107.251 5.836
201906 5.089 108.070 6.094
201909 5.321 108.329 6.357
201912 5.466 108.420 6.525
202003 5.066 108.902 6.020
202006 2.859 108.767 3.402
202009 4.380 109.815 5.162
202012 5.051 109.897 5.948
202103 6.502 111.754 7.530
202106 6.473 114.631 7.308
202109 7.979 115.734 8.922
202112 11.095 117.630 12.207
202203 10.011 121.301 10.681
202206 14.286 125.017 14.789
202209 12.496 125.227 12.914
202212 10.623 125.222 10.979
202303 10.182 127.348 10.348
202309 10.406 129.860 10.371
202312 10.353 129.419 10.353

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.


Ecopetrol  (BSP:E1CO34) 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.


Ecopetrol Cyclically Adjusted PS Ratio Related Terms

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


Ecopetrol (BSP:E1CO34) Business Description

Industry
Traded in Other Exchanges
Address
Carrera 13 No. 36 - 24, Main Building, Bogota, COL
Ecopetrol SA is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast. Based out of Colombia, the company explores, develops, and conducts production activities in various countries. Ecopetrol works as the primary operator or partner in a joint venture, in a host of assets held onshore and offshore. Along with production, the company refines and markets crude oils and byproducts produced from its fields. Crude products are moved by Ecopetrol through a series of pipelines throughout Colombia, along with a network of third-party production centers and facilities.

Ecopetrol (BSP:E1CO34) Headlines

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