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ACEA SpA (MIL:ACE) Cyclically Adjusted PS Ratio : 0.91 (As of May. 24, 2024)


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What is ACEA SpA Cyclically Adjusted PS Ratio?

As of today (2024-05-24), ACEA SpA's current share price is €16.39. ACEA SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €18.10. ACEA SpA's Cyclically Adjusted PS Ratio for today is 0.91.

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

MIL:ACE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.98   Max: 1.46
Current: 0.93

During the past years, ACEA SpA's highest Cyclically Adjusted PS Ratio was 1.46. The lowest was 0.58. And the median was 0.98.

MIL:ACE's Cyclically Adjusted PS Ratio is ranked better than
61.3% of 447 companies
in the Utilities - Regulated industry
Industry Median: 1.28 vs MIL:ACE: 0.93

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.

ACEA SpA's adjusted revenue per share data for the three months ended in Mar. 2024 was €4.829. 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 €18.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ACEA SpA Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ACEA SpA'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.

ACEA SpA Cyclically Adjusted PS Ratio Chart

ACEA SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 1.16 1.22 0.74 0.77

ACEA SpA 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 0.71 0.67 0.57 0.77 0.91

Competitive Comparison of ACEA SpA's Cyclically Adjusted PS Ratio

For the Utilities - Diversified subindustry, ACEA SpA'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.


ACEA SpA's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, ACEA SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



ACEA SpA 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.

ACEA SpA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=16.39/18.1
=0.91

* 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.

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

For example, ACEA SpA'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)
=4.829/120.2000*120.2000
=4.829

Current CPI (Mar. 2024) = 120.2000.

ACEA SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.433 100.093 4.123
201409 3.620 99.814 4.359
201412 3.487 99.721 4.203
201503 3.509 99.814 4.226
201506 3.197 100.279 3.832
201509 3.418 100.000 4.108
201512 3.037 99.814 3.657
201603 3.351 99.600 4.044
201606 3.166 99.900 3.809
201609 3.109 100.100 3.733
201612 3.194 100.300 3.828
201703 3.407 101.000 4.055
201706 3.044 101.100 3.619
201709 3.131 101.200 3.719
201712 3.027 101.200 3.595
201803 3.501 101.800 4.134
201806 3.335 102.400 3.915
201809 3.386 102.600 3.967
201812 3.190 102.300 3.748
201903 3.866 102.800 4.520
201906 3.433 103.100 4.002
201909 3.731 102.900 4.358
201912 3.279 102.800 3.834
202003 3.921 102.900 4.580
202006 3.710 102.900 4.334
202009 3.997 102.300 4.696
202012 3.553 102.600 4.162
202103 4.375 103.700 5.071
202106 4.208 104.200 4.854
202109 4.430 104.900 5.076
202112 5.079 106.600 5.727
202203 5.610 110.400 6.108
202206 5.435 112.500 5.807
202209 6.804 114.200 7.161
202212 5.802 119.000 5.861
202303 5.833 118.800 5.902
202306 4.970 119.700 4.991
202309 5.195 120.300 5.191
202312 5.190 119.700 5.212
202403 4.829 120.200 4.829

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.


ACEA SpA  (MIL:ACE) 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.


ACEA SpA Cyclically Adjusted PS Ratio Related Terms

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


ACEA SpA (MIL:ACE) Business Description

Industry
Traded in Other Exchanges
Address
Piazzale Ostiense, 2, Roma, ITA, 00154
ACEA SpA is an Italian-based electricity and water utility company. It operates chiefly in Rome and other cities in Lazio, a central Italian region. With the help of its various subsidiaries and numerous ventures, Acea produces and sells energy, utilities, and environmental products and services. The company derives a majority of its revenue from its water segment (drinking water and sewage system), with additional revenue coming from its energy (electricity and natural gas), networks (distribution services), and environmental (research and development and consultancy services) segments.

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