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Voltas (NSE:VOLTAS) Cyclically Adjusted PS Ratio : 4.60 (As of May. 22, 2024)


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What is Voltas Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Voltas's current share price is ₹1295.60. Voltas's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹281.57. Voltas's Cyclically Adjusted PS Ratio for today is 4.60.

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

NSE:VOLTAS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2   Med: 3.48   Max: 5.46
Current: 4.6

During the past years, Voltas's highest Cyclically Adjusted PS Ratio was 5.46. The lowest was 2.00. And the median was 3.48.

NSE:VOLTAS's Cyclically Adjusted PS Ratio is ranked worse than
84.82% of 2194 companies
in the Industrial Products industry
Industry Median: 1.425 vs NSE:VOLTAS: 4.60

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.

Voltas's adjusted revenue per share data for the three months ended in Mar. 2024 was ₹126.682. 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 ₹281.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Voltas Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Voltas'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.

Voltas Cyclically Adjusted PS Ratio Chart

Voltas 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 2.11 4.22 5.05 3.15 3.92

Voltas 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 3.15 2.84 3.18 3.54 3.92

Competitive Comparison of Voltas's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, Voltas'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.


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

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

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



Voltas 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1295.60/281.57
=4.60

* 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.

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

For example, Voltas'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)
=126.682/153.0345*153.0345
=126.682

Current CPI (Mar. 2024) = 153.0345.

Voltas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 52.896 94.103 86.022
201409 29.302 96.780 46.334
201412 28.422 96.780 44.942
201503 44.816 97.163 70.587
201506 47.022 99.841 72.075
201509 31.300 101.753 47.074
201512 38.116 102.901 56.686
201603 55.653 102.518 83.076
201606 55.557 105.961 80.238
201609 28.902 105.961 41.742
201612 35.445 105.196 51.564
201703 60.430 105.196 87.911
201706 58.593 107.109 83.716
201709 31.180 109.021 43.768
201712 41.300 109.404 57.771
201803 61.064 109.786 85.119
201806 64.524 111.317 88.706
201809 42.799 115.142 56.884
201812 44.926 115.142 59.711
201903 62.017 118.202 80.292
201906 79.955 120.880 101.223
201909 42.811 123.175 53.189
201912 45.001 126.235 54.555
202003 62.730 124.705 76.980
202006 38.366 127.000 46.231
202009 48.022 130.118 56.480
202012 59.616 130.889 69.703
202103 79.312 131.771 92.111
202106 53.375 134.084 60.919
202109 50.411 135.847 56.789
202112 53.542 138.161 59.306
202203 79.671 138.822 87.828
202206 82.831 142.347 89.050
202209 51.634 144.661 54.623
202212 59.982 145.763 62.974
202303 88.025 146.865 91.723
202306 100.868 150.280 102.717
202309 68.616 151.492 69.315
202312 79.030 152.924 79.087
202403 126.682 153.035 126.682

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.


Voltas  (NSE:VOLTAS) 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.


Voltas Cyclically Adjusted PS Ratio Related Terms

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


Voltas (NSE:VOLTAS) Business Description

Traded in Other Exchanges
Address
Dr. Babasaheb Ambedkar Road, Voltas House ‘A’, Chinchpokli, Mumbai, MH, IND, 400 033
Voltas Ltd is one of India's largest air conditioning companies. It provides engineering solutions for heating, ventilation, and air conditioning, refrigeration, textile machinery, and heavy equipment. Voltas has three operating segments: Unitary Cooling Products for Comfort and Commercial use, Engineering Products and Services, and Electro-Mechanical Projects and Services. Remote monitoring and maintenance systems keep track of performance and strengthen relationships with customers. The majority of revenue comes from India, with the remainder split among the Middle East, Singapore, and other regions.

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