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Algonquin Power & Utilities (TSX:AQN) Cyclically Adjusted PS Ratio : 1.70 (As of May. 15, 2024)


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What is Algonquin Power & Utilities Cyclically Adjusted PS Ratio?

As of today (2024-05-15), Algonquin Power & Utilities's current share price is C$8.86. Algonquin Power & Utilities's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$5.20. Algonquin Power & Utilities's Cyclically Adjusted PS Ratio for today is 1.70.

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

TSX:AQN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.31   Med: 3.77   Max: 5.77
Current: 1.72

During the past years, Algonquin Power & Utilities's highest Cyclically Adjusted PS Ratio was 5.77. The lowest was 1.31. And the median was 3.77.

TSX:AQN's Cyclically Adjusted PS Ratio is ranked better than
53.26% of 261 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.85 vs TSX:AQN: 1.72

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.

Algonquin Power & Utilities's adjusted revenue per share data for the three months ended in Mar. 2024 was C$1.447. 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 C$5.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Algonquin Power & Utilities Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Algonquin Power & Utilities'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.

Algonquin Power & Utilities Cyclically Adjusted PS Ratio Chart

Algonquin Power & Utilities 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 4.78 5.19 4.14 1.78 1.59

Algonquin Power & Utilities 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 2.24 2.12 1.53 1.59 1.65

Competitive Comparison of Algonquin Power & Utilities's Cyclically Adjusted PS Ratio

For the Utilities - Renewable subindustry, Algonquin Power & Utilities'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.


Algonquin Power & Utilities's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Algonquin Power & Utilities's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Algonquin Power & Utilities's Cyclically Adjusted PS Ratio falls into.



Algonquin Power & Utilities 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.

Algonquin Power & Utilities's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.86/5.2
=1.70

* 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.

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

For example, Algonquin Power & Utilities'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)
=1.447/125.4675*125.4675
=1.447

Current CPI (Mar. 2024) = 125.4675.

Algonquin Power & Utilities Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.916 99.473 1.155
201409 0.709 99.394 0.895
201412 0.983 98.367 1.254
201503 1.497 99.789 1.882
201506 0.764 100.500 0.954
201509 0.732 100.421 0.915
201512 0.887 99.947 1.113
201603 1.280 101.054 1.589
201606 0.812 102.002 0.999
201609 0.801 101.765 0.988
201612 1.054 101.449 1.304
201703 1.628 102.634 1.990
201706 1.152 103.029 1.403
201709 1.113 103.345 1.351
201712 1.255 103.345 1.524
201803 1.466 105.004 1.752
201806 1.030 105.557 1.224
201809 0.998 105.636 1.185
201812 1.176 105.399 1.400
201903 1.288 106.979 1.511
201906 0.917 107.690 1.068
201909 0.966 107.611 1.126
201912 1.104 107.769 1.285
202003 1.234 107.927 1.435
202006 0.872 108.401 1.009
202009 0.843 108.164 0.978
202012 1.047 108.559 1.210
202103 1.318 110.298 1.499
202106 1.040 111.720 1.168
202109 1.078 112.905 1.198
202112 1.129 113.774 1.245
202203 1.370 117.646 1.461
202206 1.175 120.806 1.220
202209 1.306 120.648 1.358
202212 1.487 120.964 1.542
202303 1.544 122.702 1.579
202306 1.213 124.203 1.225
202309 1.228 125.230 1.230
202312 1.283 125.468 1.283
202403 1.447 125.468 1.447

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.


Algonquin Power & Utilities  (TSX:AQN) 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.


Algonquin Power & Utilities Cyclically Adjusted PS Ratio Related Terms

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


Algonquin Power & Utilities (TSX:AQN) Business Description

Address
354 Davis Road, Oakville, ON, CAN, L6J 2X1
Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.
Executives
Amee Chande Director

Algonquin Power & Utilities (TSX:AQN) Headlines