GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tiptree Inc (NAS:TIPT) » Definitions » Cyclically Adjusted PS Ratio

Tiptree (Tiptree) Cyclically Adjusted PS Ratio : 0.61 (As of May. 01, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Tiptree Cyclically Adjusted PS Ratio?

As of today (2024-05-01), Tiptree's current share price is $15.94. Tiptree's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $26.31. Tiptree's Cyclically Adjusted PS Ratio for today is 0.61.

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

TIPT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.71   Max: 1.48
Current: 0.61

During the past years, Tiptree's highest Cyclically Adjusted PS Ratio was 1.48. The lowest was 0.38. And the median was 0.71.

TIPT's Cyclically Adjusted PS Ratio is ranked better than
69.14% of 405 companies
in the Insurance industry
Industry Median: 0.98 vs TIPT: 0.61

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.

Tiptree's adjusted revenue per share data for the three months ended in Dec. 2023 was $11.819. 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 $26.31 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tiptree Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tiptree'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.

Tiptree Cyclically Adjusted PS Ratio Chart

Tiptree 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 0.78 0.39 0.81 0.64 0.72

Tiptree 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 0.64 0.64 0.63 0.68 0.72

Competitive Comparison of Tiptree's Cyclically Adjusted PS Ratio

For the Insurance - Specialty subindustry, Tiptree'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.


Tiptree's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

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

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



Tiptree 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.94/26.31
=0.61

* 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.

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

For example, Tiptree'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)
=11.819/129.4194*129.4194
=11.819

Current CPI (Dec. 2023) = 129.4194.

Tiptree Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.026 99.695 1.332
201406 0.908 100.560 1.169
201409 1.165 100.428 1.501
201412 0.949 99.070 1.240
201503 2.771 99.621 3.600
201506 3.169 100.684 4.073
201509 3.571 100.392 4.604
201512 2.324 99.792 3.014
201603 3.726 100.470 4.800
201606 3.828 101.688 4.872
201609 3.550 101.861 4.510
201612 3.928 101.863 4.991
201703 3.978 102.862 5.005
201706 4.829 103.349 6.047
201709 4.921 104.136 6.116
201712 3.948 104.011 4.912
201803 4.959 105.290 6.095
201806 4.085 106.317 4.973
201809 4.743 106.507 5.763
201812 4.240 105.998 5.177
201903 5.304 107.251 6.400
201906 5.314 108.070 6.364
201909 5.475 108.329 6.541
201912 6.035 108.420 7.204
202003 3.751 108.902 4.458
202006 5.861 108.767 6.974
202009 6.651 109.815 7.838
202012 7.751 109.897 9.128
202103 8.144 111.754 9.431
202106 8.928 114.631 10.080
202109 8.397 115.734 9.390
202112 9.397 117.630 10.339
202203 9.492 121.301 10.127
202206 9.647 125.017 9.987
202209 9.882 125.227 10.213
202212 10.169 125.222 10.510
202303 10.449 127.348 10.619
202306 10.762 128.729 10.820
202309 11.053 129.860 11.016
202312 11.819 129.419 11.819

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.


Tiptree  (NAS:TIPT) 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.


Tiptree Cyclically Adjusted PS Ratio Related Terms

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


Tiptree (Tiptree) Business Description

Industry
Traded in Other Exchanges
N/A
Address
660 Steamboat Road, 2nd Floor, Greenwich, CT, USA, 06830
Tiptree Inc is a United States-based company that provides specialty insurance products and related services. It has two reportable segments: Insurance and Mortgage. It generates maximum revenue from the Insurance segment. The insurance segment provides specialty insurance, warranty products and related administration services; and the Mortgage segment originates, sell and service conventional, conforming agency and government-insured residential mortgage loans.
Executives
Neil Charles Rifkind officer: General Counsel and Secretary C/O TIPTREE INC., 660 STEAMBOAT ROAD, 2ND FL, GREENWICH CT 06830
Jonathan Ilany director PO BOX 180, WINCHESTER CENTER CT 06094
Scott T. Mckinney officer: Chief Financial Officer 660 STEAMBOAT ROAD, 2ND FLOOR, GREENWICH CT 06830
Sandra Bell officer: Chief Financial Officer C/O TIPTREE INC., 660 STEAMBOAT ROAD, 2ND FL, GREENWICH CT 06830
Randy Maultsby officer: President C/O TIPTREE INC., 660 STEAMBOAT ROAD, 2ND FL, GREENWICH CT 06830
Arif Inayatullah 10 percent owner C/O TIPTREE INC., 660 STEAMBOAT ROAD, 2ND FL, GREENWICH CT 06830
Paul M Friedman director 11 DEERFIELD LANE, SCARSDALE NY 10583
Dominique Mielle director C/O ANWORTH MORTGAGE ASSET CORPORATION, 1299 OCEAN AVENUE, SECOND FLOOR, SANTA MONICA CA 90401
Michael Gene Barnes director, officer: Vice Chairman of the Board TRICADIA CAPITAL, 299 PARK AVENUE, 13TH FLOOR, NEW YORK NY 10171
Nomura Securities Co Ltd 10 percent owner 13-1, NIHONBASHI 1-CHOME, CHUO-KU, TOKYO M0 103-8011
Prosight Specialty Insurance Group, Inc. 10 percent owner 412 MT. KEMBLE AVENUE, SUITE 300C, MORRISTOWN NJ 07960
New York Marine & General Insurance Co 10 percent owner 412 MT. KEMBLE AVENUE, SUITE 300C, MORRISTOWN NJ 07960
Prosight Global, Inc. 10 percent owner 412 MT. KEMBLE AVENUE, SUITE 300C, MORRISTOWN NJ 07960
Gotham Insurance Co 10 percent owner 412 MT. KEMBLE AVENUE, SUITE 300C, MORRISTOWN NJ 07960
Southwest Marine & General Insurance Co 10 percent owner 412 MT. KEMBLE AVENUE, SUITE 300C, MORRISTOWN NJ 07960