GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ACC Ltd (NSE:ACC) » Definitions » Cyclically Adjusted PS Ratio

ACC (NSE:ACC) Cyclically Adjusted PS Ratio : 2.51 (As of Sep. 22, 2024)


View and export this data going back to 1996. Start your Free Trial

What is ACC Cyclically Adjusted PS Ratio?

As of today (2024-09-22), ACC's current share price is ₹2443.20. ACC's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 was ₹974.39. ACC's Cyclically Adjusted PS Ratio for today is 2.51.

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

NSE:ACC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.17   Med: 2.22   Max: 2.99
Current: 2.51

During the past years, ACC's highest Cyclically Adjusted PS Ratio was 2.99. The lowest was 1.17. And the median was 2.22.

NSE:ACC's Cyclically Adjusted PS Ratio is ranked worse than
75.93% of 295 companies
in the Building Materials industry
Industry Median: 0.98 vs NSE:ACC: 2.51

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.

ACC's adjusted revenue per share data for the three months ended in Jun. 2024 was ₹273.751. 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 ₹974.39 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ACC Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ACC'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.

ACC Cyclically Adjusted PS Ratio Chart

ACC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.77 1.94 2.54 2.60

ACC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.94 2.14 2.32 2.60 2.69

Competitive Comparison of ACC's Cyclically Adjusted PS Ratio

For the Building Materials subindustry, ACC'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.


ACC's Cyclically Adjusted PS Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, ACC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



ACC 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.

ACC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2443.20/974.39
=2.51

* 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.

ACC's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, ACC's adjusted Revenue per Share data for the three months ended in Jun. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=273.751/155.7889*155.7889
=273.751

Current CPI (Jun. 2024) = 155.7889.

ACC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 159.885 94.103 264.693
201409 145.635 96.780 234.431
201412 146.753 96.780 236.231
201503 153.336 97.163 245.856
201506 157.313 99.841 245.467
201509 145.550 101.753 222.844
201512 151.214 102.901 228.933
201603 152.637 102.518 231.950
201606 150.477 105.961 221.238
201609 129.086 105.961 189.788
201612 140.037 105.196 207.386
201703 164.648 105.196 243.834
201706 175.984 107.109 255.968
201709 162.224 109.021 231.814
201712 181.441 109.404 258.368
201803 188.959 109.786 268.136
201806 200.151 111.317 280.114
201809 178.727 115.142 241.821
201812 201.250 115.142 272.295
201903 161.556 118.202 212.929
201906 215.597 120.880 277.860
201909 184.026 123.175 232.752
201912 210.941 126.235 260.325
202003 182.386 124.705 227.847
202006 133.866 127.000 164.211
202009 184.220 130.118 220.565
202012 215.858 130.889 256.922
202103 223.782 131.771 264.572
202106 202.358 134.084 235.114
202109 194.021 135.847 222.503
202112 219.739 138.161 247.776
202203 229.555 138.822 257.612
202206 233.269 142.347 255.296
202209 208.243 144.661 224.262
202212 240.898 145.763 257.468
202306 276.292 150.280 286.420
202309 235.525 151.492 242.205
202312 260.950 152.924 265.838
202403 266.853 153.035 271.656
202406 273.751 155.789 273.751

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.


ACC  (NSE:ACC) 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.


ACC Cyclically Adjusted PS Ratio Related Terms

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


ACC Business Description

Industry
Traded in Other Exchanges
Address
121, Maharshi Karve Road, Cement House, Mumbai, IND, 400020
ACC Ltd manufactures and sells cement, concrete, and cement-related products under the ACC brand. The firm operates in two segments based on the product: Cement and Ready Mix Concrete. The Cement segment, which generates the vast majority of revenue, sells cement to the construction and building industries as well as home improvement retailers. The Ready Mix Concrete segment sells concrete for infrastructure, industrial construction, and mass housing projects. Nearly all of the firm's revenue comes from India.