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Ice Make Refrigeration (NSE:ICEMAKE) Cyclically Adjusted PS Ratio : 7.09 (As of Jun. 20, 2024)


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What is Ice Make Refrigeration Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Ice Make Refrigeration's current share price is ₹862.95. Ice Make Refrigeration's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar24 was ₹121.72. Ice Make Refrigeration's Cyclically Adjusted PS Ratio for today is 7.09.

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

NSE:ICEMAKE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.18   Med: 3.45   Max: 6.81
Current: 6.81

During the past 12 years, Ice Make Refrigeration's highest Cyclically Adjusted PS Ratio was 6.81. The lowest was 1.18. And the median was 3.45.

NSE:ICEMAKE's Cyclically Adjusted PS Ratio is ranked worse than
91.86% of 2199 companies
in the Industrial Products industry
Industry Median: 1.4 vs NSE:ICEMAKE: 6.81

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.

Ice Make Refrigeration's adjusted revenue per share data of for the fiscal year that ended in Mar24 was ₹238.681. 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 ₹121.72 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ice Make Refrigeration Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ice Make Refrigeration'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.

Ice Make Refrigeration Cyclically Adjusted PS Ratio Chart

Ice Make Refrigeration Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.24 2.68 3.89

Ice Make Refrigeration Quarterly Data
Mar19 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 2.68 - - - 3.89

Competitive Comparison of Ice Make Refrigeration's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, Ice Make Refrigeration'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.


Ice Make Refrigeration's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ice Make Refrigeration's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Ice Make Refrigeration 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.

Ice Make Refrigeration's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=862.95/121.72
=7.09

* 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.

Ice Make Refrigeration's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Ice Make Refrigeration's adjusted Revenue per Share data for the fiscal year that ended in Mar24 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=238.681/153.0345*153.0345
=238.681

Current CPI (Mar24) = 153.0345.

Ice Make Refrigeration Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201503 32.212 97.163 50.735
201603 45.742 102.518 68.282
201703 56.083 105.196 81.587
201803 80.208 109.786 111.804
201903 83.813 118.202 108.511
202003 87.792 124.705 107.736
202103 85.590 131.771 99.402
202203 130.772 138.822 144.161
202303 197.975 146.865 206.292
202403 238.681 153.035 238.681

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.


Ice Make Refrigeration  (NSE:ICEMAKE) 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.


Ice Make Refrigeration Cyclically Adjusted PS Ratio Related Terms

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Ice Make Refrigeration (NSE:ICEMAKE) Business Description

Traded in Other Exchanges
N/A
Address
226, Gota-Vadsar Road, Dantali Industrial Estate, Taluka Kalol, Dantali, Near Ahmedabad City, Gandhinagar, GJ, IND, 382721
Ice Make Refrigeration Ltd is a refrigeration equipment manufacturer, engaged in providing cooling solutions. The company's only operating segment being the Manufacturing of Cold Rooms, Freezer, Refrigeration Systems, and chilling Plant. It serves dairy, ice cream, food processing, agriculture, pharmaceuticals, cold chain, logistics, hospitals, hospitality, retail, and other industries. The company's product offering includes Bulk Milk Chiller, Curd Incubation Chamber, Glass Door Display Chiller, Mortuary Chamber, Refrigerated Container, and other related products.

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