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Manaksia (NSE:MANAKSIA) Cyclically Adjusted PS Ratio : 0.51 (As of Jun. 20, 2024)


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What is Manaksia Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Manaksia's current share price is ₹100.03. Manaksia's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹197.25. Manaksia's Cyclically Adjusted PS Ratio for today is 0.51.

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

NSE:MANAKSIA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.51   Max: 0.85
Current: 0.5

During the past years, Manaksia's highest Cyclically Adjusted PS Ratio was 0.85. The lowest was 0.29. And the median was 0.51.

NSE:MANAKSIA's Cyclically Adjusted PS Ratio is ranked better than
81.16% of 2198 companies
in the Industrial Products industry
Industry Median: 1.4 vs NSE:MANAKSIA: 0.50

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.

Manaksia's adjusted revenue per share data for the three months ended in Mar. 2024 was ₹17.527. 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 ₹197.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Manaksia Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Manaksia'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.

Manaksia Cyclically Adjusted PS Ratio Chart

Manaksia 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 - - 0.30 0.48 0.50

Manaksia 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 0.48 0.77 0.68 0.64 0.50

Competitive Comparison of Manaksia's Cyclically Adjusted PS Ratio

For the Metal Fabrication subindustry, Manaksia'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.


Manaksia's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

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

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



Manaksia 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=100.03/197.25
=0.51

* 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.

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

For example, Manaksia'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)
=17.527/153.0345*153.0345
=17.527

Current CPI (Mar. 2024) = 153.0345.

Manaksia Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 49.501 94.103 80.501
201409 42.856 96.780 67.766
201412 34.284 96.780 54.212
201503 42.279 97.163 66.591
201506 45.314 99.841 69.457
201509 39.130 101.753 58.851
201512 37.314 102.901 55.493
201603 44.904 102.518 67.031
201606 34.219 105.961 49.421
201609 29.736 105.961 42.946
201612 34.883 105.196 50.746
201703 60.154 105.196 87.509
201706 44.543 107.109 63.642
201709 37.787 109.021 53.042
201712 28.451 109.404 39.797
201803 39.692 109.786 55.328
201806 38.547 111.317 52.993
201809 31.816 115.142 42.286
201812 38.650 115.142 51.370
201903 42.036 118.202 54.423
201906 38.475 120.880 48.710
201909 26.927 123.175 33.455
201912 30.677 126.235 37.190
202003 34.546 124.705 42.394
202006 26.170 127.000 31.535
202009 36.455 130.118 42.876
202012 33.135 130.889 38.741
202103 35.635 131.771 41.385
202106 41.609 134.084 47.490
202109 36.043 135.847 40.603
202112 46.716 138.161 51.745
202203 54.697 138.822 60.297
202206 46.975 142.347 50.502
202209 39.873 144.661 42.181
202212 44.145 145.763 46.347
202303 46.602 146.865 48.560
202306 36.010 150.280 36.670
202309 30.314 151.492 30.623
202312 23.292 152.924 23.309
202403 17.527 153.035 17.527

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.


Manaksia  (NSE:MANAKSIA) 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.


Manaksia Cyclically Adjusted PS Ratio Related Terms

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


Manaksia (NSE:MANAKSIA) Business Description

Traded in Other Exchanges
Address
6 Lyons Range, Turner Morrison Building, Mezzanine Floor, North-West Corner, Kolkata, WB, IND, 700 001
Manaksia Ltd is an Indian company engaged in the manufacture of value-added secondary steel products. It has three operating business segments. Metal Products segment, which is the key revenue driver, consists of manufacture and sale of Aluminium and Steel galvanized sheets, coils, PP Cap, Crown Closures, Metal Containers, EP Liners, Washer, EP Sheets, among others. Packaging segment consists of the manufacture and sale of Kraft Paper. The others segment consists of trading of spare parts of machine including paper machine and consumables, among others. The manufacturing units of the company are located in Nigeria, Ghana, and India. Geographically it has operations within India and outside India. The majority of revenue is derived from outside India.

Manaksia (NSE:MANAKSIA) Headlines

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