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Azimut Holding SPA (MIL:AZM) Cyclically Adjusted PS Ratio : 3.46 (As of May. 21, 2024)


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What is Azimut Holding SPA Cyclically Adjusted PS Ratio?

As of today (2024-05-21), Azimut Holding SPA's current share price is €25.21. Azimut Holding SPA's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €7.29. Azimut Holding SPA's Cyclically Adjusted PS Ratio for today is 3.46.

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

MIL:AZM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.3   Med: 3.73   Max: 5.82
Current: 3.61

During the past years, Azimut Holding SPA's highest Cyclically Adjusted PS Ratio was 5.82. The lowest was 2.30. And the median was 3.73.

MIL:AZM's Cyclically Adjusted PS Ratio is ranked better than
70.99% of 879 companies
in the Asset Management industry
Industry Median: 7.52 vs MIL:AZM: 3.61

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.

Azimut Holding SPA's adjusted revenue per share data for the three months ended in Dec. 2023 was €2.452. 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 €7.29 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Azimut Holding SPA Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Azimut Holding 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.

Azimut Holding SPA Cyclically Adjusted PS Ratio Chart

Azimut Holding 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 5.17 3.83 4.47 3.13 3.24

Azimut Holding 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 2.89 2.82 2.87 3.24 -

Competitive Comparison of Azimut Holding SPA's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Azimut Holding 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.


Azimut Holding SPA's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Azimut Holding SPA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Azimut Holding 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.

Azimut Holding SPA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=25.21/7.29
=3.46

* 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.

Azimut Holding SPA's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Azimut Holding SPA's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.452/119.7000*119.7000
=2.452

Current CPI (Dec. 2023) = 119.7000.

Azimut Holding SPA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.797 99.907 0.955
201406 0.949 100.093 1.135
201409 0.950 99.814 1.139
201412 1.014 99.721 1.217
201503 1.606 99.814 1.926
201506 1.178 100.279 1.406
201509 0.886 100.000 1.061
201512 1.081 99.814 1.296
201603 0.883 99.600 1.061
201606 1.209 99.900 1.449
201609 1.254 100.100 1.500
201612 1.406 100.300 1.678
201703 1.447 101.000 1.715
201706 1.369 101.100 1.621
201709 1.221 101.200 1.444
201712 1.501 101.200 1.775
201803 1.243 101.800 1.462
201806 1.311 102.400 1.532
201809 1.278 102.600 1.491
201812 1.141 102.300 1.335
201903 1.561 102.800 1.818
201906 1.522 103.100 1.767
201909 1.532 102.900 1.782
201912 2.108 102.800 2.455
202003 1.459 102.900 1.697
202006 1.548 102.900 1.801
202009 1.540 102.300 1.802
202012 2.136 102.600 2.492
202103 1.691 103.700 1.952
202106 1.860 104.200 2.137
202109 1.911 104.900 2.181
202112 3.946 106.600 4.431
202203 2.364 110.400 2.563
202206 2.597 112.500 2.763
202209 2.125 114.200 2.227
202212 1.263 119.000 1.270
202303 2.371 118.800 2.389
202306 2.384 119.700 2.384
202309 2.343 120.300 2.331
202312 2.452 119.700 2.452

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.


Azimut Holding SPA  (MIL:AZM) 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.


Azimut Holding SPA Cyclically Adjusted PS Ratio Related Terms

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


Azimut Holding SPA (MIL:AZM) Business Description

Traded in Other Exchanges
Address
Via Cusani 4, Milan, ITA, 20121
Azimut Holding SPA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.

Azimut Holding SPA (MIL:AZM) Headlines

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