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Indraprastha Gas (NSE:IGL) Cyclically Adjusted PS Ratio : 3.95 (As of May. 29, 2024)


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What is Indraprastha Gas Cyclically Adjusted PS Ratio?

As of today (2024-05-29), Indraprastha Gas's current share price is ₹472.70. Indraprastha Gas's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹119.71. Indraprastha Gas's Cyclically Adjusted PS Ratio for today is 3.95.

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

NSE:IGL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.39   Med: 4.48   Max: 7.21
Current: 3.85

During the past years, Indraprastha Gas's highest Cyclically Adjusted PS Ratio was 7.21. The lowest was 3.39. And the median was 4.48.

NSE:IGL's Cyclically Adjusted PS Ratio is ranked worse than
86.52% of 445 companies
in the Utilities - Regulated industry
Industry Median: 1.28 vs NSE:IGL: 3.85

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.

Indraprastha Gas's adjusted revenue per share data for the three months ended in Mar. 2024 was ₹51.279. 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 ₹119.71 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Indraprastha Gas Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Indraprastha Gas'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.

Indraprastha Gas Cyclically Adjusted PS Ratio Chart

Indraprastha Gas 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 - 6.51 4.37 4.15 3.60

Indraprastha Gas 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 4.15 4.35 4.03 3.58 3.60

Competitive Comparison of Indraprastha Gas's Cyclically Adjusted PS Ratio

For the Utilities - Regulated Gas subindustry, Indraprastha Gas'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.


Indraprastha Gas's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

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

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



Indraprastha Gas 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.

Indraprastha Gas's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=472.70/119.71
=3.95

* 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.

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

For example, Indraprastha Gas'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)
=51.279/153.0345*153.0345
=51.279

Current CPI (Mar. 2024) = 153.0345.

Indraprastha Gas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201303 12.559 85.687 22.430
201306 12.875 88.365 22.298
201309 14.388 91.042 24.185
201312 14.847 91.425 24.852
201403 13.733 91.425 22.987
201406 12.418 94.103 20.195
201409 13.581 96.780 21.475
201412 13.494 96.780 21.337
201503 12.935 97.163 20.373
201506 12.875 99.841 19.735
201509 13.890 101.753 20.890
201512 13.276 102.901 19.744
201603 12.478 102.518 18.627
201703 0.000 105.196 0.000
201706 14.800 107.109 21.146
201803 0.000 109.786 0.000
201806 18.417 111.317 25.319
201809 20.318 115.142 27.005
201812 21.572 115.142 28.671
201903 21.690 118.202 28.082
201906 22.512 120.880 28.500
201909 24.177 123.175 30.038
201912 23.784 126.235 28.833
202003 21.686 124.705 26.612
202006 9.076 127.000 10.937
202009 18.666 130.118 21.953
202012 20.642 130.889 24.134
202103 21.739 131.771 25.247
202106 17.959 134.084 20.497
202109 26.158 135.847 29.468
202112 34.811 138.161 38.559
202203 26.212 138.822 28.896
202206 45.594 142.347 49.017
202209 50.791 144.661 53.731
202212 52.986 145.763 55.629
202303 52.496 146.865 54.701
202306 48.691 150.280 49.583
202309 49.437 151.492 49.940
202312 50.662 152.924 50.699
202403 51.279 153.035 51.279

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.


Indraprastha Gas  (NSE:IGL) 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.


Indraprastha Gas Cyclically Adjusted PS Ratio Related Terms

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


Indraprastha Gas (NSE:IGL) Business Description

Traded in Other Exchanges
Address
IGL Bhawan, Plot Number 4, Community Centre, Sector-9, R K Puram, New Delhi, IND, 110022
Indraprastha Gas Ltd, or IGL, is an Indian utility company that derives nearly all of its revenue from the sale of natural gas. IGL supplies compressed natural gas (CNG) to the transport sector and piped natural gas (PNG) to domestic, industrial, and commercial sector customers. Most of the natural gas sold by IGL is in the form of compressed natural gas. CNG is an alternative to fossil fuels that is distributed from IGL's portfolio of fueling stations to power a variety of vehicles. The vast majority of these CNG stations are located in the Delhi and National Capital Regions. IGL distributes a significant amount of natural gas through its network of pipelines in Delhi and the National Capital Region, as well. The customers served by IGL's PNG business are primarily residential consumers.

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