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HFCL (LSE:HFCD) Cyclically Adjusted PS Ratio : (As of May. 25, 2024)


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What is HFCL Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


HFCL Cyclically Adjusted PS Ratio Historical Data

The historical data trend for HFCL'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.

HFCL Cyclically Adjusted PS Ratio Chart

HFCL Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 2.61

HFCL 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 - - 2.20 2.39 2.61

Competitive Comparison of HFCL's Cyclically Adjusted PS Ratio

For the Communication Equipment subindustry, HFCL'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.


HFCL's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, HFCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



HFCL 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.

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

For example, HFCL'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)
=0.129/153.0345*153.0345
=0.129

Current CPI (Mar. 2024) = 153.0345.

HFCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201003 0.000 65.030 0.000
201103 0.000 70.768 0.000
201203 0.000 76.889 0.000
201206 0.021 79.567 0.040
201303 0.000 85.687 0.000
201306 0.036 88.365 0.062
201403 0.000 91.425 0.000
201406 0.084 94.103 0.137
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201606 0.064 105.961 0.092
201609 0.052 105.961 0.075
201612 0.049 105.196 0.071
201703 0.092 105.196 0.134
201706 0.105 107.109 0.150
201803 0.000 109.786 0.000
201806 0.130 111.317 0.179
201809 0.135 115.142 0.179
201812 0.139 115.142 0.185
201903 0.140 118.202 0.181
201906 0.156 120.880 0.197
201909 0.111 123.175 0.138
201912 0.097 126.235 0.118
202003 0.071 124.705 0.087
202006 0.075 127.000 0.090
202009 0.116 130.118 0.136
202012 0.140 130.889 0.164
202103 0.154 131.771 0.179
202106 0.132 134.084 0.151
202109 0.123 135.847 0.139
202112 0.130 138.161 0.144
202203 0.124 138.822 0.137
202206 0.109 142.347 0.117
202209 0.118 144.661 0.125
202212 0.106 145.763 0.111
202303 0.141 146.865 0.147
202306 0.098 150.280 0.100
202309 0.108 151.492 0.109
202312 0.100 152.924 0.100
202403 0.129 153.035 0.129

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.


HFCL  (LSE:HFCD) 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.


HFCL Cyclically Adjusted PS Ratio Related Terms

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HFCL (LSE:HFCD) Business Description

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Address
8, Commercial Complex, Masjid Moth, Greater Kailash II, New Delhi, IND, 110 048
HFCL Ltd is an Indian manufacturer and exporter of optical fibre cables and broadband equipment for the telecommunication industry. Firm business segments include Telecom Products and Turnkey Contracts Services. Telecom Product segment produces optical fibre cable, optical fibre and telecom equipment. Turnkey Contracts segment is engaged in delivering telecom infrastructure and communication network systems for Telecom Operators, Defence Services, Railways, Safe and Smart Cities etc. The firm's products and solutions include Futureline, Aerial, Armoured, Microwave Radios, FTTx, GPON, Optical transmission, etc. It generates substantial revenue from the sale of turnkey projects and related activities.

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