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Torstar (TSX:TS.B) Cyclically Adjusted PS Ratio : (As of May. 25, 2024)


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What is Torstar Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Torstar Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Torstar'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.

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Torstar Cyclically Adjusted PS Ratio Chart

Torstar Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted PS Ratio
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Torstar Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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Competitive Comparison of Torstar's Cyclically Adjusted PS Ratio

For the Publishing subindustry, Torstar'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.


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

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

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



Torstar 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.

Torstar's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2020 is calculated as:

For example, Torstar's adjusted Revenue per Share data for the three months ended in Mar. 2020 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2020 (Change)*Current CPI (Mar. 2020)
=1.137/107.9273*107.9273
=1.137

Current CPI (Mar. 2020) = 107.9273.

Torstar Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201006 4.736 91.809 5.567
201009 4.434 92.362 5.181
201012 5.231 92.836 6.081
201103 4.390 94.338 5.022
201106 4.908 94.654 5.596
201109 4.739 95.286 5.368
201112 5.329 94.970 6.056
201203 4.118 96.155 4.622
201206 4.537 96.076 5.097
201209 4.197 96.392 4.699
201212 4.739 95.760 5.341
201303 3.924 97.103 4.361
201306 3.050 97.182 3.387
201309 2.700 97.419 2.991
201312 3.247 96.945 3.615
201403 2.492 98.604 2.728
201406 2.804 99.473 3.042
201409 2.484 99.394 2.697
201412 2.905 98.367 3.187
201503 2.257 99.789 2.441
201506 2.566 100.500 2.756
201509 2.304 100.421 2.476
201512 2.656 99.947 2.868
201603 1.945 101.054 2.077
201606 2.206 102.002 2.334
201609 2.009 101.765 2.131
201612 2.334 101.449 2.483
201703 1.718 102.634 1.807
201706 2.002 103.029 2.097
201709 1.806 103.345 1.886
201712 2.095 103.345 2.188
201803 1.595 105.004 1.639
201806 1.768 105.557 1.808
201809 1.560 105.636 1.594
201812 1.787 105.399 1.830
201903 1.430 106.979 1.443
201906 1.565 107.690 1.568
201909 1.374 107.611 1.378
201912 1.525 107.769 1.527
202003 1.137 107.927 1.137

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.


Torstar  (TSX:TS.B) 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.


Torstar Cyclically Adjusted PS Ratio Related Terms

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Torstar (TSX:TS.B) Business Description

Traded in Other Exchanges
N/A
Address
One Yonge Street, 5th Floor, Toronto, ON, CAN, M5E 1E6
Torstar Corp is a media company. The company operates in three business segments: Community Brands, Daily Brands and Digital Ventures. The digital business includes operations outside the traditional newspaper. Daily News Brands segment includes a portfolio of media businesses. Community Brands segment engaged in operations of newspapers, digital properties, flyer distribution, consumer shows, magazines, directories and printing.

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