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Light (BSP:LIGT3) Cyclically Adjusted PS Ratio : 0.08 (As of May. 04, 2025)


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What is Light Cyclically Adjusted PS Ratio?

As of today (2025-05-04), Light's current share price is R$5.15. Light's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was R$61.73. Light's Cyclically Adjusted PS Ratio for today is 0.08.

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

BSP:LIGT3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.14   Max: 0.31
Current: 0.08

During the past years, Light's highest Cyclically Adjusted PS Ratio was 0.31. The lowest was 0.02. And the median was 0.14.

BSP:LIGT3's Cyclically Adjusted PS Ratio is ranked better than
97.31% of 260 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.635 vs BSP:LIGT3: 0.08

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.

Light's adjusted revenue per share data for the three months ended in Dec. 2024 was R$10.537. 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$61.73 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Light Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Light'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.

Light Cyclically Adjusted PS Ratio Chart

Light Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.14 0.05 0.09 0.07

Light Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.09 0.06 0.06 0.08 0.07

Competitive Comparison of Light's Cyclically Adjusted PS Ratio

For the Utilities - Renewable subindustry, Light'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.


Light's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Light's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Light 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.15/61.73
=0.08

* 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.

Light's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Light's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=10.537/164.7402*164.7402
=10.537

Current CPI (Dec. 2024) = 164.7402.

Light Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 15.389 97.799 25.922
201506 11.855 100.006 19.529
201509 11.912 101.392 19.354
201512 13.777 104.247 21.772
201603 12.594 106.979 19.394
201606 10.806 108.851 16.354
201609 11.581 109.986 17.346
201612 11.677 110.802 17.361
201703 13.015 111.869 19.166
201706 11.666 112.115 17.142
201709 13.510 112.777 19.735
201712 16.532 114.068 23.876
201803 14.184 114.868 20.342
201806 14.076 117.038 19.813
201809 15.311 117.881 21.397
201812 13.906 118.340 19.358
201903 15.938 120.124 21.858
201906 13.530 120.977 18.424
201909 15.780 121.292 21.433
201912 13.172 123.436 17.580
202003 9.802 124.092 13.013
202006 8.161 123.557 10.881
202009 10.457 125.095 13.771
202012 13.318 129.012 17.006
202103 9.859 131.660 12.336
202106 8.581 133.871 10.560
202109 10.681 137.913 12.759
202112 9.379 141.992 10.882
202203 9.479 146.537 10.656
202206 9.128 149.784 10.039
202209 9.132 147.800 10.179
202212 7.927 150.207 8.694
202303 9.516 153.352 10.223
202306 8.876 154.519 9.463
202309 9.139 155.464 9.684
202312 10.210 157.148 10.703
202403 8.744 159.372 9.039
202406 9.828 161.052 10.053
202409 9.568 162.342 9.709
202412 10.537 164.740 10.537

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.


Light  (BSP:LIGT3) 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.


Light Cyclically Adjusted PS Ratio Related Terms

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


Light Business Description

Traded in Other Exchanges
Address
Rua Marechal Floriano, nº 168, block 1 – 2nd floor, Rio de Janeiro, RJ, BRA, 20080-002
Light SA is a Brazilian private-public utility of which the state-owned power company, CEMIG, wields a controlling stake. The company generates, distributes, and trades energy. To do this, the company owns and operates a portfolio of hydroelectric power plants that serve the Brazilian state of Rio de Janeiro. Light derives maximum of its revenue from the supplying of energy, with network usage and the construction of assets also bringing in substantial amounts of revenue. The vast majority of the company's customers are residential consumers. The company operates in three segments namely: Distribution, Generation and Trading, out of which maximum revenue is generated from Distribution segment.

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