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ABC arbitrage (CHIX:ABCAP) Cyclically Adjusted PS Ratio : 5.35 (As of Jun. 20, 2024)


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What is ABC arbitrage Cyclically Adjusted PS Ratio?

As of today (2024-06-20), ABC arbitrage's current share price is €5.94. ABC arbitrage's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was €1.11. ABC arbitrage's Cyclically Adjusted PS Ratio for today is 5.35.

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

CHIX:ABCAp' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.59   Med: 6.05   Max: 9.75
Current: 4.43

During the past 13 years, ABC arbitrage's highest Cyclically Adjusted PS Ratio was 9.75. The lowest was 3.59. And the median was 6.05.

CHIX:ABCAp's Cyclically Adjusted PS Ratio is ranked better than
66.13% of 877 companies
in the Asset Management industry
Industry Median: 7.64 vs CHIX:ABCAp: 4.43

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.

ABC arbitrage's adjusted revenue per share data of for the fiscal year that ended in Dec23 was €0.668. 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 €1.11 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


ABC arbitrage Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ABC arbitrage'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.

ABC arbitrage Cyclically Adjusted PS Ratio Chart

ABC arbitrage 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 7.90 8.73 8.78 7.51 5.32

ABC arbitrage Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 8.78 - 7.51 - 5.32

Competitive Comparison of ABC arbitrage's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, ABC arbitrage'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.


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

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

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



ABC arbitrage 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.

ABC arbitrage's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.94/1.11
=5.35

* 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.

ABC arbitrage's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, ABC arbitrage's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.668/118.3900*118.3900
=0.668

Current CPI (Dec23) = 118.3900.

ABC arbitrage Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.740 99.860 0.877
201512 0.726 100.040 0.859
201612 0.821 100.650 0.966
201712 0.557 101.850 0.647
201812 0.688 103.470 0.787
201912 0.636 104.980 0.717
202012 1.137 104.960 1.282
202112 1.055 107.850 1.158
202212 1.027 114.160 1.065
202312 0.668 118.390 0.668

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.


ABC arbitrage  (CHIX:ABCAp) 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.


ABC arbitrage Cyclically Adjusted PS Ratio Related Terms

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


ABC arbitrage (CHIX:ABCAP) Business Description

Traded in Other Exchanges
Address
18 rue du Quatre Septembre, Paris, FRA, 75002
ABC arbitrage SA is a France-based company engaged in the design of arbitration strategies in European and American financial markets. The group conducts two types of arbitrage strategies, including arbitrage without market risks, which exploits opportunities that are independent of directional or event risks, and arbitrage with market risks, where various risks involved are systematically identified and hedged using appropriate instruments. ABC Arbitrage also provides asset management services to institutional clients and advisory services for third party institutional clients or qualified investors. The company's funds are managed by ABC arbitrage Asset Management.

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