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Sky (LSE:SKY) Cyclically Adjusted PS Ratio : (As of May. 16, 2024)


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What is Sky Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sky Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sky'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.

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Sky Cyclically Adjusted PS Ratio Chart

Sky Annual Data
Trend Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18
Cyclically Adjusted PS Ratio
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Sky Semi-Annual Data
Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
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Competitive Comparison of Sky's Cyclically Adjusted PS Ratio

For the Broadcasting subindustry, Sky'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.


Sky's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sky's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Sky 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.

Sky's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun18 is calculated as:

For example, Sky's adjusted Revenue per Share data for the fiscal year that ended in Jun18 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun18 (Change)*Current CPI (Jun18)
=7.866/105.9000*105.9000
=7.866

Current CPI (Jun18) = 105.9000.

Sky Annual Data

Revenue per Share CPI Adj_RevenuePerShare
200906 3.057 88.100 3.675
201006 3.255 90.200 3.822
201106 3.742 93.500 4.238
201206 3.910 95.600 4.331
201306 4.412 98.000 4.768
201406 4.727 99.800 5.016
201506 5.838 100.100 6.176
201606 6.952 101.000 7.289
201706 7.427 103.500 7.599
201806 7.866 105.900 7.866

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.


Sky  (LSE:SKY) 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.


Sky Cyclically Adjusted PS Ratio Related Terms

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


Sky (LSE:SKY) Business Description

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Sky is the U.K.'s only satellite television operator and its largest pay-TV provider, with 12.9 million retail subscribers. It is also the largest pay-TV provider in Italy, with 4.8 million customers, and is a large operator in Germany and Austria, with 5.3 million pay-TV subscribers. The firm's strategy is to dominate the pay-TV markets in its respective countries. In the U.K., it also offers bundles of broadband, telephony and other services. In total, it sells 61.7 million products.