Parkit Enterprise (Parkit Enterprise) Cyclically Adjusted PS Ratio : 7.17 (As of May. 15, 2024)

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What is Parkit Enterprise Cyclically Adjusted PS Ratio?

As of today (2024-05-15), Parkit Enterprise's current share price is $0.43. Parkit Enterprise's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $0.06. Parkit Enterprise's Cyclically Adjusted PS Ratio for today is 7.17.

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

PKTEF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13 Med: 1.78 Max: 8.38
Current: 8.38

During the past years, Parkit Enterprise's highest Cyclically Adjusted PS Ratio was 8.38. The lowest was 0.13. And the median was 1.78.

PKTEF's Cyclically Adjusted PS Ratio is ranked worse than
83.33% of 1368 companies
in the Real Estate industry
Industry Median: 1.745 vs PKTEF: 8.38

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.

Parkit Enterprise's adjusted revenue per share data for the three months ended in Mar. 2024 was $0.022. 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 $0.06 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Parkit Enterprise Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Parkit Enterprise'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.

Parkit Enterprise Cyclically Adjusted PS Ratio Chart

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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0.35

0.15

2.63

8.21

7.21

Parkit Enterprise Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cyclically Adjusted PS Ratio	Get a 7-Day Free Trial															7.04	6.60	5.78	7.21	8.25

Competitive Comparison of Parkit Enterprise's Cyclically Adjusted PS Ratio

For the Real Estate Services subindustry, Parkit Enterprise'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.

Parkit Enterprise's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Parkit Enterprise's Cyclically Adjusted PS Ratio distribution charts can be found below:

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

Parkit Enterprise 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.

Parkit Enterprise's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	0.43	/	0.06
	=	7.17

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

For example, Parkit Enterprise'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)
	=	0.022	/	125.4675	*	125.4675
	=	0.022

Current CPI (Mar. 2024) = 125.4675.

Parkit Enterprise Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201404	0.078	98.920	0.099
201407	0.062	99.315	0.078
201410	0.068	99.473	0.086
201501	0.074	98.209	0.095
201504	0.051	99.710	0.064
201507	0.001	100.579	0.001
201510	0.003	100.500	0.004
201601	0.002	100.184	0.003
201604	0.002	101.370	0.002
201607	0.002	101.844	0.002
201610	0.001	102.002	0.001
201701	0.002	102.318	0.002
201704	0.001	103.029	0.001
201707	0.001	103.029	0.001
201710	0.001	103.424	0.001
201801	0.001	104.056	0.001
201804	0.001	105.320	0.001
201807	0.001	106.110	0.001
201810	0.002	105.952	0.002
201901	0.001	105.557	0.001
201904	0.001	107.453	0.001
201907	0.001	108.243	0.001
201910	0.001	107.927	0.001
202001	0.001	108.085	0.001
202004	0.000	107.216	0.000
202007	0.001	108.401	0.001
202010	-0.002	108.638	-0.002
202103	0.003	110.298	0.003
202106	0.005	111.720	0.006
202109	0.006	112.905	0.007
202112	0.007	113.774	0.008
202203	0.007	117.646	0.007
202206	0.009	120.806	0.009
202209	0.009	120.648	0.009
202212	0.011	120.964	0.011
202303	0.011	122.702	0.011
202306	0.020	124.203	0.020
202309	0.021	125.230	0.021
202312	0.022	125.468	0.022
202403	0.022	125.468	0.022

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.

Parkit Enterprise (OTCPK:PKTEF) 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.

Parkit Enterprise Cyclically Adjusted PS Ratio Related Terms

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

Parkit Enterprise (Parkit Enterprise) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Parkit Enterprise Inc (OTCPK:PKTEF) » Definitions » Cyclically Adjusted PS Ratio

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Traded in Other Exchanges

PKT:Canada

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.