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Sasfin Holdings (JSE:SFN) Cyclically Adjusted PS Ratio : 0.39 (As of Jun. 13, 2024)


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What is Sasfin Holdings Cyclically Adjusted PS Ratio?

As of today (2024-06-13), Sasfin Holdings's current share price is R17.50. Sasfin Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 was R45.22. Sasfin Holdings's Cyclically Adjusted PS Ratio for today is 0.39.

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

JSE:SFN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.98   Max: 2.43
Current: 0.39

During the past 13 years, Sasfin Holdings's highest Cyclically Adjusted PS Ratio was 2.43. The lowest was 0.33. And the median was 0.98.

JSE:SFN's Cyclically Adjusted PS Ratio is ranked better than
96.47% of 1191 companies
in the Banks industry
Industry Median: 2.33 vs JSE:SFN: 0.39

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.

Sasfin Holdings's adjusted revenue per share data of for the fiscal year that ended in Jun23 was R46.240. 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 R45.22 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sasfin Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sasfin Holdings'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.

Sasfin Holdings Cyclically Adjusted PS Ratio Chart

Sasfin Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.49 0.78 0.69 0.52

Sasfin Holdings 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 - 0.69 - 0.52 -

Competitive Comparison of Sasfin Holdings's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Sasfin Holdings'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.


Sasfin Holdings's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sasfin Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Sasfin Holdings 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.

Sasfin Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.50/45.22
=0.39

* 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.

Sasfin Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Sasfin Holdings's adjusted Revenue per Share data for the fiscal year that ended in Jun23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=46.24/148.8016*148.8016
=46.240

Current CPI (Jun23) = 148.8016.

Sasfin Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201406 27.993 95.813 43.475
201506 30.141 100.173 44.773
201606 37.711 106.713 52.585
201706 36.776 112.054 48.837
201806 33.905 116.959 43.136
201906 38.105 122.191 46.403
202006 34.407 124.807 41.022
202106 36.466 131.113 41.386
202206 41.974 140.835 44.348
202306 46.240 148.802 46.240

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.


Sasfin Holdings  (JSE:SFN) 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.


Sasfin Holdings Cyclically Adjusted PS Ratio Related Terms

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


Sasfin Holdings (JSE:SFN) Business Description

Traded in Other Exchanges
N/A
Address
140 West Street, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Sasfin Holdings Ltd is a banking and financial services group, offering tailor-made products and services to entrepreneurs, corporates and high net-worth individuals. Sasfin has three segments: Asset Finance, Business and Commercial Banking and Wealth Pillar. It generates majority of the revenue from Asset Finance segment.

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