GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Altaba Inc (STU:ALA) » Definitions » Cyclically Adjusted PS Ratio

Altaba (STU:ALA) Cyclically Adjusted PS Ratio : (As of May. 17, 2024)


View and export this data going back to . Start your Free Trial

What is Altaba Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Altaba Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Altaba'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.

Altaba Cyclically Adjusted PS Ratio Chart

Altaba Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Altaba Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Dec17 Jun18 Dec18 Jun19
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 - - - - -

Competitive Comparison of Altaba's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Altaba'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.


Altaba's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Altaba's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Altaba 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.

Altaba's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec18 is calculated as:

For example, Altaba's adjusted Revenue per Share data for the fiscal year that ended in Dec18 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec18 (Change)*Current CPI (Dec18)
=-14.215/105.9979*105.9979
=-14.215

Current CPI (Dec18) = 105.9979.

Altaba Annual Data

Revenue per Share CPI Adj_RevenuePerShare
200912 3.131 91.111 3.643
201012 3.504 92.474 4.016
201112 2.954 95.213 3.289
201212 3.159 96.871 3.457
201312 3.191 98.326 3.440
201412 3.730 99.070 3.991
201512 4.856 99.792 5.158
201612 5.159 101.863 5.368
201712 0.000 104.011 0.000
201812 -14.215 105.998 -14.215

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.


Altaba  (STU:ALA) 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.


Altaba Cyclically Adjusted PS Ratio Related Terms

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


Altaba (STU:ALA) Business Description

Traded in Other Exchanges
N/A
Address
140 East 45th Street, 15th Floor, New York, NY, USA, 10017
Altaba is a closed-end management company with holdings mostly in Yahoo Japan and Alibaba. After Yahoo sold its core business to Verizon in June 2017, the firm changed its name to Altaba and became a publicly traded investment holding company.

Altaba (STU:ALA) Headlines

No Headlines