GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Pochin′s PLC (LSE:PCH) » Definitions » Cyclically Adjusted PS Ratio

Pochin′s (LSE:PCH) Cyclically Adjusted PS Ratio : (As of Sep. 26, 2024)


View and export this data going back to . Start your Free Trial

What is Pochin′s Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pochin′s Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Pochin′s'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.

Pochin′s Cyclically Adjusted PS Ratio Chart

Pochin′s Annual Data
Trend May04 May05 May06 May07 May08 May09 May10 May11 May12 May13
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Pochin′s Semi-Annual Data
May04 Nov04 May05 Nov05 May06 Nov06 May07 Nov07 May08 Nov08 May09 Nov09 May10 Nov10 May11 Nov11 May12 Nov12 May13 Nov13
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 - - - - -

Competitive Comparison of Pochin′s's Cyclically Adjusted PS Ratio

For the Engineering & Construction subindustry, Pochin′s'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.


Pochin′s's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Pochin′s's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Pochin′s 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.

Pochin′s's Cyclically Adjusted Revenue per Share for the fiscal year that ended in May13 is calculated as:

For example, Pochin′s's adjusted Revenue per Share data for the fiscal year that ended in May13 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May13 (Change)*Current CPI (May13)
=3.829/98.2000*98.2000
=3.829

Current CPI (May13) = 98.2000.

Pochin′s Annual Data

Revenue per Share CPI Adj_RevenuePerShare
200405 3.169 77.900 3.995
200505 4.289 79.400 5.305
200605 6.116 81.300 7.387
200705 5.705 83.300 6.725
200805 5.637 86.100 6.429
200905 5.008 87.900 5.595
201005 3.228 90.100 3.518
201105 2.912 93.500 3.058
201205 3.517 95.900 3.601
201305 3.829 98.200 3.829

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.


Pochin′s  (LSE:PCH) 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.


Pochin′s Cyclically Adjusted PS Ratio Related Terms

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


Pochin′s Business Description

Industry
Traded in Other Exchanges
N/A
Address
Pochin's PLC is a construction and development Company. The Company is engaged in building, civil engineering contracting and house building, property development and letting. Its segments are Construction and Property development & investment. The group operates within the United Kingdom.