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Imax (STU:IMA) Cyclically Adjusted PS Ratio : 2.59 (As of Jun. 05, 2024)


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What is Imax Cyclically Adjusted PS Ratio?

As of today (2024-06-05), Imax's current share price is €14.60. Imax's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €5.64. Imax's Cyclically Adjusted PS Ratio for today is 2.59.

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

STU:IMA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.74   Med: 4.51   Max: 11.71
Current: 2.54

During the past years, Imax's highest Cyclically Adjusted PS Ratio was 11.71. The lowest was 1.74. And the median was 4.51.

STU:IMA's Cyclically Adjusted PS Ratio is ranked worse than
82.77% of 714 companies
in the Media - Diversified industry
Industry Median: 0.88 vs STU:IMA: 2.54

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.

Imax's adjusted revenue per share data for the three months ended in Mar. 2024 was €1.363. 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 €5.64 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Imax Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Imax'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.

Imax Cyclically Adjusted PS Ratio Chart

Imax 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 3.91 3.56 3.35 2.59 2.50

Imax 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 3.30 2.87 3.19 2.50 2.64

Competitive Comparison of Imax's Cyclically Adjusted PS Ratio

For the Entertainment subindustry, Imax'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.


Imax's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Imax's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Imax 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.60/5.64
=2.59

* 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.

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

For example, Imax'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)
=1.363/126.2576*126.2576
=1.363

Current CPI (Mar. 2024) = 126.2576.

Imax Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.839 99.473 1.065
201409 0.677 99.394 0.860
201412 1.183 98.367 1.518
201503 0.813 99.789 1.029
201506 1.332 100.500 1.673
201509 1.070 100.421 1.345
201512 1.545 99.947 1.952
201603 1.180 101.054 1.474
201606 1.193 102.002 1.477
201609 1.138 101.765 1.412
201612 1.515 101.449 1.885
201703 0.956 102.634 1.176
201706 1.184 103.029 1.451
201709 1.279 103.345 1.563
201712 1.641 103.345 2.005
201803 1.067 105.004 1.283
201806 1.327 105.557 1.587
201809 1.121 105.636 1.340
201812 1.543 105.399 1.848
201903 1.153 106.979 1.361
201906 1.508 107.690 1.768
201909 1.276 107.611 1.497
201912 1.821 107.769 2.133
202003 0.523 107.927 0.612
202006 0.134 108.401 0.156
202009 0.537 108.164 0.627
202012 0.782 108.559 0.909
202103 0.552 110.298 0.632
202106 0.712 111.720 0.805
202109 0.812 112.905 0.908
202112 1.632 113.774 1.811
202203 0.931 117.646 0.999
202206 1.221 120.806 1.276
202209 1.239 120.648 1.297
202212 1.689 120.964 1.763
202303 1.477 122.702 1.520
202306 1.635 124.203 1.662
202309 1.753 125.230 1.767
202312 1.439 125.072 1.453
202403 1.363 126.258 1.363

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.


Imax  (STU:IMA) 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.


Imax Cyclically Adjusted PS Ratio Related Terms

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


Imax (STU:IMA) Business Description

Traded in Other Exchanges
Address
2525 Speakman Drive, Mississauga, ON, CAN, L5K 1B1
Imax is now primarily a technology hardware and brand-licensing company that does not operate the vast majority of Imax theaters. Instead, the firm generates revenue via selling and leasing the required proprietary equipment and via fees for digitally remastering standard films into the proprietary Imax format. The firm has expanded from 210 commercial theaters in 2008 to over 1,630 today and increased the annual number of Imax releases from 13 in 2007 to 68 in 2028. Roughly 70% of the firm's screens are in China (48%) and the U.S. (22%), but Imax has screens in 87 countries.

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