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Norske Skog ASA (OSL:NSKOG) Cyclically Adjusted PS Ratio : 0.37 (As of Jun. 20, 2024)


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What is Norske Skog ASA Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Norske Skog ASA's current share price is kr42.68. Norske Skog ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was kr114.81. Norske Skog ASA's Cyclically Adjusted PS Ratio for today is 0.37.

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

OSL:NSKOG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.39   Max: 0.74
Current: 0.37

During the past years, Norske Skog ASA's highest Cyclically Adjusted PS Ratio was 0.74. The lowest was 0.26. And the median was 0.39.

OSL:NSKOG's Cyclically Adjusted PS Ratio is ranked better than
66.67% of 249 companies
in the Forest Products industry
Industry Median: 0.58 vs OSL:NSKOG: 0.37

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.

Norske Skog ASA's adjusted revenue per share data for the three months ended in Dec. 2023 was kr43.773. 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 kr114.81 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Norske Skog ASA Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Norske Skog ASA'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.

Norske Skog ASA Cyclically Adjusted PS Ratio Chart

Norske Skog ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.41 0.39 0.63 0.36

Norske Skog ASA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.63 0.53 0.38 0.42 0.36

Competitive Comparison of Norske Skog ASA's Cyclically Adjusted PS Ratio

For the Paper & Paper Products subindustry, Norske Skog ASA'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.


Norske Skog ASA's Cyclically Adjusted PS Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Norske Skog ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Norske Skog ASA 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.

Norske Skog ASA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=42.68/114.81
=0.37

* 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.

Norske Skog ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Norske Skog ASA's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=43.773/131.9000*131.9000
=43.773

Current CPI (Dec. 2023) = 131.9000.

Norske Skog ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201309 17.563 96.400 24.031
201312 18.576 96.600 25.364
201403 15.291 97.300 20.728
201406 15.906 97.500 21.518
201409 16.144 98.500 21.618
201412 16.930 98.600 22.648
201503 15.196 99.200 20.205
201506 14.653 100.100 19.308
201509 14.626 100.600 19.177
201512 16.254 100.900 21.248
201603 16.255 102.500 20.917
201606 12.624 103.800 16.041
201609 10.597 104.200 13.414
201612 11.366 104.400 14.360
201703 9.730 105.000 12.223
201706 10.276 105.800 12.811
201709 10.434 105.900 12.996
201712 11.022 106.100 13.702
201809 39.171 109.500 47.184
201812 40.274 109.800 48.380
201903 36.226 110.400 43.281
201906 38.279 110.600 45.651
201909 36.639 111.100 43.499
201912 36.634 111.300 43.414
202003 27.371 111.200 32.466
202006 24.388 112.100 28.696
202009 22.961 112.900 26.825
202012 25.587 112.900 29.893
202103 22.761 114.600 26.197
202106 23.172 115.300 26.508
202109 26.834 117.500 30.123
202112 33.182 118.900 36.810
202203 35.257 119.800 38.818
202206 40.550 122.600 43.626
202209 38.629 125.600 40.567
202212 40.823 125.900 42.768
202303 33.462 127.600 34.590
202306 33.259 130.400 33.642
202309 28.600 129.800 29.063
202312 43.773 131.900 43.773

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.


Norske Skog ASA  (OSL:NSKOG) 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.


Norske Skog ASA Cyclically Adjusted PS Ratio Related Terms

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


Norske Skog ASA (OSL:NSKOG) Business Description

Traded in Other Exchanges
Address
Sjolyst plass 2, Oslo, NOR, 0278
Norske Skog ASA is an industrial company in publication paper, packaging paper, energy production, and bioproducts. Publication paper products comprise both newsprint and magazine paper, both of which are marketed under the NOR brand. Packaging paper includes the recycled containerboard grades test liner and fluting, which are marketed under the STRATO brand. The company's core bioproducts are the nano cellulose product CEBINA and the bio-composite product CEBICO. Norske Skog owns and operates four industrial sites in Europe, and one industrial site in Australasia.

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