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Belon OJSC (MIC:BLNG) Cyclically Adjusted PS Ratio : (As of Jun. 09, 2024)


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What is Belon OJSC Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Belon OJSC Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Belon OJSC'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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Belon OJSC Cyclically Adjusted PS Ratio Chart

Belon OJSC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted PS Ratio
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Belon OJSC Semi-Annual Data
Dec09 Dec10 Jun11 Dec11 Jun12 Dec12 Dec13 Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
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Competitive Comparison of Belon OJSC's Cyclically Adjusted PS Ratio

For the Thermal Coal subindustry, Belon OJSC'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.


Belon OJSC's Cyclically Adjusted PS Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Belon OJSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Belon OJSC 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.

Belon OJSC's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec20 is calculated as:

For example, Belon OJSC's adjusted Revenue per Share data for the fiscal year that ended in Dec20 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec20 (Change)*Current CPI (Dec20)
=0.005/191.1000*191.1000
=0.005

Current CPI (Dec20) = 191.1000.

Belon OJSC Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201112 16.583 110.000 28.809
201212 12.678 117.300 20.654
201312 9.423 124.900 14.417
201412 9.023 139.000 12.405
201512 11.880 157.000 14.460
201612 12.221 165.400 14.120
201712 0.302 169.600 0.340
201812 0.005 176.800 0.005
201912 0.005 182.200 0.005
202012 0.005 191.100 0.005

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.


Belon OJSC  (MIC:BLNG) 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.


Belon OJSC Cyclically Adjusted PS Ratio Related Terms

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Belon OJSC (MIC:BLNG) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Street 1 Teleut, 27/2 room. 1, Kemerovo region, Belovo, RUS, 652607
Belon OJSC is engaged in the processing and mining of coal. The company produces raw coal, coal and coke.