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As of today (2024-05-04), First Acceptance's current share price is $3.00. First Acceptance's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2023 was $9.29. First Acceptance's Cyclically Adjusted PS Ratio for today is 0.32.
The historical rank and industry rank for First Acceptance's Cyclically Adjusted PS Ratio or its related term are showing as below:
During the past years, First Acceptance's highest Cyclically Adjusted PS Ratio was 0.54. The lowest was 0.08. And the median was 0.19.
FACO's Cyclically Adjusted PS Ratio is ranked better thanThe 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.
First Acceptance's adjusted revenue per share data for the three months ended in Jun. 2023 was $2.948. 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 $9.29 for the trailing ten years ended in Jun. 2023.
The historical data trend for First Acceptance'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.
First Acceptance Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Dec23 | |
Cyclically Adjusted PS Ratio | Get a 7-Day Free Trial | 0.18 | 0.08 | 0.10 | 0.11 | - |
For the Insurance - Specialty subindustry, First Acceptance'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.
For the Insurance industry and Financial Services sector, First Acceptance's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where First Acceptance's Cyclically Adjusted PS Ratio falls into.
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.
First Acceptance's Cyclically Adjusted PS Ratio for today is calculated as
Cyclically Adjusted PS Ratio | = | Share Price | / | Cyclically Adjusted Revenue per Share |
= | 3.00 | / | 9.29 | |
= | 0.32 |
* 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.
First Acceptance's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2023 is calculated as:
For example, First Acceptance's adjusted Revenue per Share data for the three months ended in Jun. 2023 was:
Adj_RevenuePerShare | = | Revenue per Share | / | CPI of Jun. 2023 (Change) | * | Current CPI (Jun. 2023) |
= | 2.948 | / | 128.7287 | * | 128.7287 | |
= | 2.948 |
Current CPI (Jun. 2023) = 128.7287.
First Acceptance Quarterly Data
Revenue per Share | CPI | Adj_RevenuePerShare | |
201309 | 1.447 | 98.790 | 1.886 |
201312 | 1.425 | 98.326 | 1.866 |
201403 | 1.515 | 99.695 | 1.956 |
201406 | 1.626 | 100.560 | 2.081 |
201409 | 1.589 | 100.428 | 2.037 |
201412 | 1.646 | 99.070 | 2.139 |
201503 | 1.818 | 99.621 | 2.349 |
201506 | 1.948 | 100.684 | 2.491 |
201509 | 2.135 | 100.392 | 2.738 |
201512 | 2.157 | 99.792 | 2.782 |
201603 | 2.361 | 100.470 | 3.025 |
201606 | 2.502 | 101.688 | 3.167 |
201609 | 2.485 | 101.861 | 3.140 |
201612 | 2.135 | 101.863 | 2.698 |
201703 | 2.139 | 102.862 | 2.677 |
201706 | 2.221 | 103.349 | 2.766 |
201709 | 2.085 | 104.136 | 2.577 |
201712 | 1.992 | 104.011 | 2.465 |
201803 | 2.000 | 105.290 | 2.445 |
201806 | 2.086 | 106.317 | 2.526 |
201809 | 1.943 | 106.507 | 2.348 |
201812 | 1.760 | 105.998 | 2.137 |
201903 | 1.832 | 107.251 | 2.199 |
201906 | 1.836 | 108.070 | 2.187 |
201909 | 1.694 | 108.329 | 2.013 |
201912 | 1.619 | 108.420 | 1.922 |
202003 | 1.536 | 108.902 | 1.816 |
202006 | 1.814 | 108.767 | 2.147 |
202009 | 1.817 | 109.815 | 2.130 |
202012 | 1.749 | 109.897 | 2.049 |
202103 | 1.786 | 111.754 | 2.057 |
202106 | 1.913 | 114.631 | 2.148 |
202109 | 1.997 | 115.734 | 2.221 |
202112 | 1.750 | 117.630 | 1.915 |
202203 | 1.783 | 121.301 | 1.892 |
202206 | 1.857 | 125.017 | 1.912 |
202209 | 2.034 | 125.227 | 2.091 |
202212 | 2.324 | 125.222 | 2.389 |
202303 | 2.578 | 127.348 | 2.606 |
202306 | 2.948 | 128.729 | 2.948 |
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.
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.
Thank you for viewing the detailed overview of First Acceptance's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Rhodes R Bobbitt | director | 4500 ROLAND, #905, DALLAS TX 75219 |
Kenneth D Russell | director | 200 CRESCENT COURT, SUITE 1350, DALLAS TX 75201 |
Tom C Nichols | director | 4500 MERCANTILE PLAZA DRIVE, SUITE 300, FORT WORTH TX 76137 |
Brent J Gay | officer: Chief Financial Officer | 3813 GREEN HILLS VILLAGE DRIVE, NASHVILLE TN 37215 |
Olson Lyndon L Jr | director | 3812 GREENLEAF DRIVE, WACO TX 76710 |
Jeremy B Ford | director | |
Mark A Kelly | officer: Interim CEO & President | 5722 WEST HANOVER, DALLAS TX 75209 |
Joseph S. Borbely | officer: President | 1572 VANDAGRIFF WAY, CORONA CA 92883 |
John R Barnett | officer: Sr. Vice President of Finance | 111 CONGRESSIONAL BLVD, STE 500, CARMEL IN 46032 |
Daniel L. Walker | officer: Sr. VP of Operations | 3322 WEST END AVENUE, NASHVILLE TN 37203 |
Harrison Thomas Marshall Jr | director, 10 percent owner, officer: Exec. VP & Secretary | 3813 GREEN HILLS VILLAGE DRIVE, NASHVILLE TN 37215 |
Gerald J Ford | director, 10 percent owner, officer: Chairman | 200 CRESCENT CT STE 1350, DALLAS TX 75201 |
Keith E. Bornemann | officer: Corporate Controller | 3322 WEST END AVENUE, NASHVILLE TN 37203 |
Shipp William A Jr | director | 9015 ENGLLISH WOOD COURT, BRENTWOOD TN 37027 |
Kevin P Cohn | officer: VP & Chief Accounting Officer | 4400 POST OAK PARKWAY, STE 1100, HOUSTON TX 77027 |
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