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Modern Times Group MTG AB (CHIX:MTGBS) Cyclically Adjusted PS Ratio : 0.60 (As of Dec. 11, 2024)


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What is Modern Times Group MTG AB Cyclically Adjusted PS Ratio?

As of today (2024-12-11), Modern Times Group MTG AB's current share price is kr76.50. Modern Times Group MTG AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was kr126.64. Modern Times Group MTG AB's Cyclically Adjusted PS Ratio for today is 0.60.

The historical rank and industry rank for Modern Times Group MTG AB's Cyclically Adjusted PS Ratio or its related term are showing as below:

CHIX:MTGBs' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.56   Max: 0.89
Current: 0.72

During the past years, Modern Times Group MTG AB's highest Cyclically Adjusted PS Ratio was 0.89. The lowest was 0.34. And the median was 0.56.

CHIX:MTGBs's Cyclically Adjusted PS Ratio is ranked better than
71.98% of 257 companies
in the Interactive Media industry
Industry Median: 1.62 vs CHIX:MTGBs: 0.72

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.

Modern Times Group MTG AB's adjusted revenue per share data for the three months ended in Sep. 2024 was kr11.939. 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 kr126.64 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Modern Times Group MTG AB Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Modern Times Group MTG AB'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.

Modern Times Group MTG AB Cyclically Adjusted PS Ratio Chart

Modern Times Group MTG AB 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 0.57 0.78 0.59 0.57 0.58

Modern Times Group MTG AB Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.49 0.58 0.58 0.62 0.60

Competitive Comparison of Modern Times Group MTG AB's Cyclically Adjusted PS Ratio

For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB'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.


Modern Times Group MTG AB's Cyclically Adjusted PS Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Modern Times Group MTG AB's Cyclically Adjusted PS Ratio falls into.



Modern Times Group MTG AB 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.

Modern Times Group MTG AB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=76.50/126.64
=0.60

* 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.

Modern Times Group MTG AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Modern Times Group MTG AB's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=11.939/132.3043*132.3043
=11.939

Current CPI (Sep. 2024) = 132.3043.

Modern Times Group MTG AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 57.805 100.225 76.307
201503 48.824 99.950 64.628
201506 54.755 99.995 72.447
201509 50.337 100.228 66.447
201512 60.089 100.276 79.282
201603 50.571 100.751 66.409
201606 49.081 101.019 64.281
201609 48.233 101.138 63.097
201612 56.584 102.022 73.380
201703 48.705 102.022 63.162
201706 55.785 102.752 71.829
201709 56.183 103.279 71.973
201712 69.596 103.793 88.714
201803 12.194 103.962 15.518
201806 13.143 104.875 16.581
201809 13.425 105.679 16.807
201812 11.497 105.912 14.362
201903 12.347 105.886 15.428
201906 14.328 106.742 17.759
201909 13.661 107.214 16.858
201912 15.218 107.766 18.683
202003 12.127 106.563 15.056
202006 14.385 107.498 17.705
202009 11.970 107.635 14.713
202012 13.978 108.296 17.077
202103 8.829 108.360 10.780
202106 7.546 108.928 9.165
202109 9.778 110.338 11.725
202112 11.494 112.486 13.519
202203 12.271 114.825 14.139
202206 12.524 118.384 13.997
202209 11.505 122.296 12.447
202212 11.039 126.365 11.558
202303 10.627 127.042 11.067
202306 11.896 129.407 12.162
202309 11.941 130.224 12.132
202312 12.668 131.912 12.706
202403 11.836 132.205 11.845
202406 11.828 132.716 11.791
202409 11.939 132.304 11.939

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.


Modern Times Group MTG AB  (CHIX:MTGBs) 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.


Modern Times Group MTG AB Cyclically Adjusted PS Ratio Related Terms

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


Modern Times Group MTG AB Business Description

Address
Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13
Modern Times Group MTG AB invests in esports, mobile games and other digital entertainment. The group's companies offer a wide range of games available to audiences all over the world. MTG's portfolio of IP spans across both the casual and mid-core segments of the gaming market. A vast majority of games are available to consumers on a free-to-play basis, and the group primarily generates revenues from in-app purchases and in-app advertising. The Group operates in Europe, Singapore, USA, India and New Zealand.

Modern Times Group MTG AB Headlines

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