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Makati Finance (PHS:MFIN) Cyclically Adjusted PS Ratio : 1.65 (As of Apr. 29, 2024)


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What is Makati Finance Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Makati Finance's current share price is ₱1.42. Makati Finance's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ₱0.86. Makati Finance's Cyclically Adjusted PS Ratio for today is 1.65.

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

PHS:MFIN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.65   Med: 2.92   Max: 4.42
Current: 1.65

During the past years, Makati Finance's highest Cyclically Adjusted PS Ratio was 4.42. The lowest was 1.65. And the median was 2.92.

PHS:MFIN's Cyclically Adjusted PS Ratio is ranked better than
67.12% of 368 companies
in the Credit Services industry
Industry Median: 2.875 vs PHS:MFIN: 1.65

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.

Makati Finance's adjusted revenue per share data for the three months ended in Dec. 2023 was ₱0.235. 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 ₱0.86 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Makati Finance Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Makati Finance'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.

Makati Finance Cyclically Adjusted PS Ratio Chart

Makati Finance 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 3.41 3.60 3.05 2.74 2.20

Makati Finance 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 2.74 2.40 1.69 2.29 2.20

Competitive Comparison of Makati Finance's Cyclically Adjusted PS Ratio

For the Credit Services subindustry, Makati Finance'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.


Makati Finance's Cyclically Adjusted PS Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Makati Finance's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Makati Finance 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.

Makati Finance's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.42/0.86
=1.65

* 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.

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

For example, Makati Finance'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)
=0.235/129.4194*129.4194
=0.235

Current CPI (Dec. 2023) = 129.4194.

Makati Finance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.144 99.695 0.187
201406 0.229 100.560 0.295
201409 0.220 100.428 0.284
201412 0.268 99.070 0.350
201503 0.215 99.621 0.279
201506 0.186 100.684 0.239
201509 0.201 100.392 0.259
201512 0.227 99.792 0.294
201603 0.188 100.470 0.242
201606 0.160 101.688 0.204
201609 0.139 101.861 0.177
201612 0.453 101.863 0.576
201703 0.177 102.862 0.223
201706 0.147 103.349 0.184
201709 0.126 104.136 0.157
201712 0.151 104.011 0.188
201803 0.126 105.290 0.155
201806 0.155 106.317 0.189
201809 0.120 106.507 0.146
201812 0.193 105.998 0.236
201903 0.169 107.251 0.204
201906 0.156 108.070 0.187
201909 0.157 108.329 0.188
201912 0.268 108.420 0.320
202003 0.170 108.902 0.202
202006 0.088 108.767 0.105
202009 0.157 109.815 0.185
202012 0.211 109.897 0.248
202103 0.177 111.754 0.205
202106 0.166 114.631 0.187
202109 0.160 115.734 0.179
202112 0.177 117.630 0.195
202203 0.156 121.301 0.166
202206 0.143 125.017 0.148
202209 0.171 125.227 0.177
202212 0.178 125.222 0.184
202303 0.150 127.348 0.152
202306 0.146 128.729 0.147
202309 0.175 129.860 0.174
202312 0.235 129.419 0.235

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.


Makati Finance  (PHS:MFIN) 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.


Makati Finance Cyclically Adjusted PS Ratio Related Terms

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


Makati Finance (PHS:MFIN) Business Description

Traded in Other Exchanges
N/A
Address
2301 Chino Roces Avenue, 3rd Floor Mazda Makati Building, Barangay Magallanes, Makati City, PHL, 1231
Makati Finance Corp provides financial services and advisory to its clients. The company's operations include sales and marketing, evaluation and approval of loan applications, and collection of loan accounts. The company derives revenues from the following main operating business segments of Rx Cashline Group; Business loans; MFC Factors Group; Motor Vehicles Financing Group and Others. Business loans division grants loans to finance business owners who wishes to expand its business or for the purpose of starting capital whereas Motor Vehicles Financing Group grants loans to motorcycle buyers. The company's assets producing revenues are located in the Philippines.