GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hydro One Ltd (TSX:H) » Definitions » Cyclically Adjusted PS Ratio

Hydro One (TSX:H) Cyclically Adjusted PS Ratio : 0.00 (As of May. 05, 2024)


View and export this data going back to 2015. Start your Free Trial

What is Hydro One Cyclically Adjusted PS Ratio?

As of today (2024-05-05), Hydro One's current share price is C$38.95. Hydro One's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was C$8,613.70. Hydro One's Cyclically Adjusted PS Ratio for today is 0.00.

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

TSX:H's Cyclically Adjusted PS Ratio is not ranked *
in the Utilities - Regulated industry.
Industry Median: 1.26
* Ranked among companies with meaningful Cyclically Adjusted PS Ratio only.

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.

Hydro One's adjusted revenue per share data for the three months ended in Dec. 2023 was C$3.280. 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$8,613.70 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hydro One Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hydro One'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.

Hydro One Cyclically Adjusted PS Ratio Chart

Hydro One 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 - - - - -

Hydro One 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 - - - - -

Competitive Comparison of Hydro One's Cyclically Adjusted PS Ratio

For the Utilities - Regulated Electric subindustry, Hydro One'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.


Hydro One's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hydro One's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Hydro One 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.

Hydro One's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=38.95/8613.7
=0.00

* 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.

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

For example, Hydro One'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)
=3.28/125.4675*125.4675
=3.280

Current CPI (Dec. 2023) = 125.4675.

Hydro One Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 17,640.000 98.604 22,445.765
201406 2.632 99.473 3.320
201409 15,560.000 99.394 19,641.713
201412 16,620.000 98.367 21,198.855
201503 18,080.000 99.789 22,732.421
201506 2.627 100.500 3.280
201509 2.765 100.421 3.455
201512 2.558 99.947 3.211
201603 2.828 101.054 3.511
201606 2.591 102.002 3.187
201609 2.857 101.765 3.522
201612 2.704 101.449 3.344
201703 2.776 102.634 3.394
201706 2.294 103.029 2.794
201709 2.547 103.345 3.092
201712 2.407 103.345 2.922
201803 2.637 105.004 3.151
201806 2.470 105.557 2.936
201809 2.686 105.636 3.190
201812 2.493 105.399 2.968
201903 2.940 106.979 3.448
201906 2.359 107.690 2.748
201909 2.659 107.611 3.100
201912 2.862 107.769 3.332
202003 3.085 107.927 3.586
202006 2.783 108.401 3.221
202009 3.172 108.164 3.679
202012 3.111 108.559 3.596
202103 3.018 110.298 3.433
202106 2.868 111.720 3.221
202109 3.186 112.905 3.540
202112 2.963 113.774 3.268
202203 3.409 117.646 3.636
202206 3.063 120.806 3.181
202209 3.382 120.648 3.517
202212 3.138 120.964 3.255
202303 3.454 122.702 3.532
202306 3.091 124.203 3.122
202309 3.220 125.230 3.226
202312 3.280 125.468 3.280

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.


Hydro One  (TSX:H) 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.


Hydro One Cyclically Adjusted PS Ratio Related Terms

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


Hydro One (TSX:H) Business Description

Traded in Other Exchanges
Address
483 Bay Street, South Tower, 8th Floor, Toronto, ON, CAN, M5G 2P5
Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.