NOBGY (Noble Group) Cyclically Adjusted PS Ratio: (As of Jul. 25, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Noble Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Noble Group  (OTCPK:NOBGY) 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.


Noble Group Cyclically Adjusted PS Ratio Related Terms


Noble Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Noble Group'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.

Noble Group Cyclically Adjusted PS Ratio Chart

Noble Group Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PS Ratio
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Noble Group Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 0.00 0.00 0.00 0.00 0.00

NOBGY vs SGOC, HHHH: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Noble Group'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.


Noble Group Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Noble Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Noble Group 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.

Noble Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, Noble Group's adjusted Revenue per Share data for the three months ended in Sep. 2018 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=9.115/252.4390*252.4390
=9.115

Current CPI (Sep. 2018) = 252.4390.

Noble Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200812 0.000 210.228 0.000
200903 120.820 212.709 143.387
200906 260.449 215.693 304.820
200909 156.389 215.969 182.798
200912 161.863 215.949 189.214
201003 183.377 217.631 212.706
201006 209.476 217.965 242.607
201009 242.018 218.439 279.688
201012 270.582 219.179 311.642
201103 312.551 223.467 353.073
201106 297.930 225.722 333.194
201109 328.889 226.889 365.925
201112 310.695 225.672 347.547
201203 355.517 229.392 391.236
201206 373.473 229.478 410.842
201209 354.824 231.407 387.073
201212 378.503 229.601 416.152
201303 300.419 232.773 325.800
201306 317.524 233.504 343.272
201309 341.690 234.149 368.380
201312 319.950 233.049 346.570
201403 273.464 236.293 292.150
201406 355.162 238.343 376.167
201409 354.618 238.031 376.083
201412 320.138 234.812 344.170
201503 254.825 236.119 272.438
201506 279.691 238.638 295.866
201509 292.091 237.945 309.883
201512 151.204 236.525 161.377
201603 121.768 238.132 129.084
201606 133.089 241.018 139.396
201609 15.335 241.428 16.034
201612 16.515 241.432 17.268
201703 15.246 243.801 15.786
201706 12.082 244.955 12.451
201709 11.179 246.819 11.434
201712 10.667 246.524 10.923
201803 9.161 249.554 9.267
201806 8.416 251.989 8.431
201809 9.115 252.439 9.115

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.


Noble Group Business Description

Address 60 Anson Road, No. 19-01, Mapletree Anson, Singapore, SGP, Singapore
Noble Group Ltd operates and manages supply chain focused on purchasing physical commodities and transforming these into customized products. The business consist of logistics and transportation, price risk management and hedging, commodity processing and blending, as well as structured and trade finance products. The company has two segments - namely, the Energy Segment, with combines the former Energy and Gas & Power segments and includes the Oil Liquids, Gas & Power and Energy Coal businesses; and the Metals, Minerals and Ores Segment, which combines the former Metals & Mining and Corporate segments and includes the Metals, Carbon Steel Materials and Logistics businesses.