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Equinor ASA (Equinor ASA) Cyclically Adjusted PS Ratio : 1.12 (As of May. 02, 2024)


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What is Equinor ASA Cyclically Adjusted PS Ratio?

As of today (2024-05-02), Equinor ASA's current share price is $26.88. Equinor ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $23.92. Equinor ASA's Cyclically Adjusted PS Ratio for today is 1.12.

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

EQNR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.86   Max: 1.91
Current: 1.18

During the past years, Equinor ASA's highest Cyclically Adjusted PS Ratio was 1.91. The lowest was 0.50. And the median was 0.86.

EQNR's Cyclically Adjusted PS Ratio is ranked worse than
57.97% of 759 companies
in the Oil & Gas industry
Industry Median: 0.9 vs EQNR: 1.18

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.

Equinor ASA's adjusted revenue per share data for the three months ended in Mar. 2024 was $8.528. 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 $23.92 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Equinor ASA Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Equinor ASA'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.

Equinor ASA Cyclically Adjusted PS Ratio Chart

Equinor ASA 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 0.90 0.76 1.18 1.54 1.28

Equinor ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.27 1.29 1.44 1.28 1.13

Competitive Comparison of Equinor ASA's Cyclically Adjusted PS Ratio

For the Oil & Gas Integrated subindustry, Equinor ASA'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.


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

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

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



Equinor ASA 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.

Equinor ASA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.88/23.92
=1.12

* 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.

Equinor ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=8.528/131.9000*131.9000
=8.528

Current CPI (Mar. 2024) = 131.9000.

Equinor ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.309 97.500 9.888
201409 7.192 98.500 9.631
201412 6.220 98.600 8.321
201503 4.844 99.200 6.441
201506 5.044 100.100 6.646
201509 4.293 100.600 5.629
201512 4.031 100.900 5.269
201603 3.172 102.500 4.082
201606 3.400 103.800 4.320
201609 3.780 104.200 4.785
201612 3.886 104.400 4.910
201703 4.780 105.000 6.005
201706 4.590 105.800 5.722
201709 4.127 105.900 5.140
201712 5.118 106.100 6.363
201803 5.964 107.300 7.331
201806 5.426 108.500 6.596
201809 5.704 109.500 6.871
201812 6.525 109.800 7.838
201903 4.918 110.400 5.876
201906 5.062 110.600 6.037
201909 4.406 111.100 5.231
201912 4.485 111.300 5.315
202003 4.548 111.200 5.395
202006 2.303 112.100 2.710
202009 3.454 112.900 4.035
202012 3.646 112.900 4.260
202103 4.953 114.600 5.701
202106 5.336 115.300 6.104
202109 7.100 117.500 7.970
202112 9.888 118.900 10.969
202203 11.137 119.800 12.262
202206 11.382 122.600 12.245
202209 13.533 125.600 14.212
202212 10.764 125.900 11.277
202303 9.351 127.600 9.666
202306 7.501 130.400 7.587
202309 8.705 129.800 8.846
202312 9.751 131.900 9.751
202403 8.528 131.900 8.528

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.


Equinor ASA  (NYSE:EQNR) 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.


Equinor ASA Cyclically Adjusted PS Ratio Related Terms

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


Equinor ASA (Equinor ASA) Business Description

Industry
Address
Forusbeen 50, Stavanger, NOR, N-4035
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.0 million barrels of oil equivalent per day in 2022 (50% liquids) and ended the year with 5.2 billion barrels of proven reserves (49% liquidsl). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.