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Western Energy Services (TSX:WRG) Cyclically Adjusted PS Ratio : 0.10 (As of Jun. 05, 2024)


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What is Western Energy Services Cyclically Adjusted PS Ratio?

As of today (2024-06-05), Western Energy Services's current share price is C$2.80. Western Energy Services's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$27.74. Western Energy Services's Cyclically Adjusted PS Ratio for today is 0.10.

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

TSX:WRG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.14   Max: 0.69
Current: 0.1

During the past years, Western Energy Services's highest Cyclically Adjusted PS Ratio was 0.69. The lowest was 0.05. And the median was 0.14.

TSX:WRG's Cyclically Adjusted PS Ratio is ranked better than
90.19% of 754 companies
in the Oil & Gas industry
Industry Median: 0.895 vs TSX:WRG: 0.10

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.

Western Energy Services's adjusted revenue per share data for the three months ended in Mar. 2024 was C$1.831. 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$27.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Energy Services Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Western Energy Services'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.

Western Energy Services Cyclically Adjusted PS Ratio Chart

Western Energy Services 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 0.07 0.12 0.08 0.09 0.10

Western Energy Services 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 0.09 0.09 0.12 0.10 0.10

Competitive Comparison of Western Energy Services's Cyclically Adjusted PS Ratio

For the Oil & Gas Drilling subindustry, Western Energy Services'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.


Western Energy Services's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Western Energy Services's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Western Energy Services 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.

Western Energy Services's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.80/27.74
=0.10

* 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.

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

For example, Western Energy Services'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)
=1.831/126.2576*126.2576
=1.831

Current CPI (Mar. 2024) = 126.2576.

Western Energy Services Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 11.459 99.473 14.544
201409 17.504 99.394 22.235
201412 19.679 98.367 25.259
201503 15.001 99.789 18.980
201506 4.547 100.500 5.712
201509 6.714 100.421 8.441
201512 6.135 99.947 7.750
201603 4.879 101.054 6.096
201606 1.853 102.002 2.294
201609 4.665 101.765 5.788
201612 6.473 101.449 8.056
201703 12.082 102.634 14.863
201706 4.778 103.029 5.855
201709 7.757 103.345 9.477
201712 7.918 103.345 9.674
201803 9.332 105.004 11.221
201806 3.806 105.557 4.552
201809 6.758 105.636 8.077
201812 7.241 105.399 8.674
201903 7.544 106.979 8.903
201906 4.327 107.690 5.073
201909 5.393 107.611 6.327
201912 5.246 107.769 6.146
202003 5.964 107.927 6.977
202006 1.258 108.401 1.465
202009 1.563 108.164 1.824
202012 3.214 108.559 3.738
202103 4.292 110.298 4.913
202106 2.366 111.720 2.674
202109 3.818 112.905 4.270
202112 4.775 113.774 5.299
202203 7.529 117.646 8.080
202206 1.567 120.806 1.638
202209 1.728 120.648 1.808
202212 1.796 120.964 1.875
202303 2.341 122.702 2.409
202306 1.269 124.203 1.290
202309 1.625 125.230 1.638
202312 1.662 125.072 1.678
202403 1.831 126.258 1.831

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.


Western Energy Services  (TSX:WRG) 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.


Western Energy Services Cyclically Adjusted PS Ratio Related Terms

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


Western Energy Services (TSX:WRG) Business Description

Traded in Other Exchanges
Address
215 - 9th Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 1K3
Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment. It generates revenue mainly through its Contract drilling operation segment.
Executives
Sime Armoyan 10% Security Holder
Tomer Cohen Director

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