Emmis (EMMS) Cyclically Adjusted PS Ratio: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

EMMS Emmis Corp EMMS
16 GF Score
Price $1.60
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What is Emmis Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Emmis  (OTCPK:EMMS) 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.


Emmis Cyclically Adjusted PS Ratio Related Terms


Emmis Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Emmis'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.

Emmis Cyclically Adjusted PS Ratio Chart

Emmis Annual Data
Trend Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20
Cyclically Adjusted PS Ratio
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Emmis Quarterly Data
May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20
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 0.00 0.00 0.00 0.00 0.00

EMMS vs SALM, UONE, NTN: Cyclically Adjusted PS Ratio Comparison

For the Broadcasting subindustry, Emmis'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.


Emmis Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Emmis's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


EMMS
16GF Score
Emmis Corp EMMS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Emmis 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.

Emmis's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2020 is calculated as:

For example, Emmis's adjusted Revenue per Share data for the three months ended in Feb. 2020 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2020 (Change)*Current CPI (Feb. 2020)
=0.8/258.6780*258.6780
=0.800

Current CPI (Feb. 2020) = 258.6780.

Emmis Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201005 6.385 218.178 7.570
201008 7.051 218.312 8.355
201011 7.010 218.803 8.288
201102 2.444 221.309 2.857
201105 6.403 225.964 7.330
201108 6.421 226.545 7.332
201111 4.694 226.230 5.367
201202 3.098 227.663 3.520
201205 5.051 229.815 5.685
201208 5.448 230.379 6.117
201211 4.451 230.221 5.001
201302 4.382 232.166 4.882
201305 4.447 232.945 4.938
201308 4.684 233.877 5.181
201311 4.555 233.069 5.055
201402 3.981 234.781 4.386
201405 5.046 237.900 5.487
201408 5.201 237.852 5.656
201411 5.316 236.151 5.823
201502 4.899 234.722 5.399
201505 4.936 237.805 5.369
201508 5.289 238.316 5.741
201511 5.020 237.336 5.471
201602 4.522 237.111 4.933
201605 4.736 240.229 5.100
201608 4.779 240.849 5.133
201611 4.545 241.353 4.871
201702 3.500 243.603 3.717
201705 3.277 244.733 3.464
201708 3.424 245.519 3.608
201711 2.863 246.669 3.002
201802 2.346 248.991 2.437
201805 2.088 251.588 2.147
201808 0.751 252.146 0.770
201811 0.856 252.038 0.879
201902 0.676 252.776 0.692
201905 2.089 256.092 2.110
201908 0.692 256.558 0.698
201911 0.830 257.208 0.835
202002 0.800 258.678 0.800

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.


Emmis Business Description

Address 40 Monument Circle, Suite 700, One EMMIS Plaza, Indianapolis, IN, USA, 46204
Emmis Corp, formerly Emmis Communications Corp is a diversified media company principally focused on radio broadcasting. The company owns and operates radio and magazine entities in large and medium-sized markets throughout the United States. Its operations have aligned into two business segments: Radio and Publishing. A vast majority of revenue is generated from the Radio segment. The company generates revenue in the form of Advertising; Circulation, which includes revenues from digital and home delivery subscriptions; Nontraditional, which includes ticket sales and sponsorship of events on their stations and magazine conduct; LMA(Local Marketing Agreement) Fees; and other revenues.
16GF Score

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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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