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FLYHT Aerospace Solutions (TSXV:FLY) Cyclically Adjusted PS Ratio : 0.59 (As of Jun. 01, 2024)


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What is FLYHT Aerospace Solutions Cyclically Adjusted PS Ratio?

As of today (2024-06-01), FLYHT Aerospace Solutions's current share price is C$0.405. FLYHT Aerospace Solutions's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was C$0.69. FLYHT Aerospace Solutions's Cyclically Adjusted PS Ratio for today is 0.59.

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

TSXV:FLY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.63   Med: 2.4   Max: 17.27
Current: 0.63

During the past years, FLYHT Aerospace Solutions's highest Cyclically Adjusted PS Ratio was 17.27. The lowest was 0.63. And the median was 2.40.

TSXV:FLY's Cyclically Adjusted PS Ratio is ranked better than
74.3% of 214 companies
in the Aerospace & Defense industry
Industry Median: 1.51 vs TSXV:FLY: 0.63

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.

FLYHT Aerospace Solutions's adjusted revenue per share data for the three months ended in Dec. 2023 was C$0.106. 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$0.69 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


FLYHT Aerospace Solutions Cyclically Adjusted PS Ratio Historical Data

The historical data trend for FLYHT Aerospace Solutions'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.

FLYHT Aerospace Solutions Cyclically Adjusted PS Ratio Chart

FLYHT Aerospace Solutions 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 2.05 1.07 1.14 1.67 1.04

FLYHT Aerospace Solutions 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 1.67 1.15 1.27 1.13 1.04

Competitive Comparison of FLYHT Aerospace Solutions's Cyclically Adjusted PS Ratio

For the Aerospace & Defense subindustry, FLYHT Aerospace Solutions'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.


FLYHT Aerospace Solutions's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, FLYHT Aerospace Solutions's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



FLYHT Aerospace Solutions 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.

FLYHT Aerospace Solutions's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.405/0.69
=0.59

* 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.

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

For example, FLYHT Aerospace Solutions'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)
=0.106/125.0724*125.0724
=0.106

Current CPI (Dec. 2023) = 125.0724.

FLYHT Aerospace Solutions Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.084 98.604 0.107
201406 0.091 99.473 0.114
201409 0.106 99.394 0.133
201412 0.101 98.367 0.128
201503 0.149 99.789 0.187
201506 0.093 100.500 0.116
201509 0.146 100.421 0.182
201512 0.217 99.947 0.272
201603 0.143 101.054 0.177
201606 0.184 102.002 0.226
201609 0.195 101.765 0.240
201612 0.174 101.449 0.215
201703 0.179 102.634 0.218
201706 0.154 103.029 0.187
201709 0.154 103.345 0.186
201712 0.163 103.345 0.197
201803 0.159 105.004 0.189
201806 0.149 105.557 0.177
201809 0.147 105.636 0.174
201812 0.192 105.399 0.228
201903 0.254 106.979 0.297
201906 0.301 107.690 0.350
201909 0.244 107.611 0.284
201912 0.179 107.769 0.208
202003 0.187 107.927 0.217
202006 0.115 108.401 0.133
202009 0.072 108.164 0.083
202012 0.126 108.559 0.145
202103 0.099 110.298 0.112
202106 0.107 111.720 0.120
202109 0.092 112.905 0.102
202112 0.067 113.774 0.074
202203 0.131 117.646 0.139
202206 0.128 120.806 0.133
202209 0.172 120.648 0.178
202212 0.182 120.964 0.188
202303 0.123 122.702 0.125
202306 0.156 124.203 0.157
202309 0.131 125.230 0.131
202312 0.106 125.072 0.106

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.


FLYHT Aerospace Solutions  (TSXV:FLY) 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.


FLYHT Aerospace Solutions Cyclically Adjusted PS Ratio Related Terms

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


FLYHT Aerospace Solutions (TSXV:FLY) Business Description

Traded in Other Exchanges
Address
1212 – 31 Avenue Northeast, Suite 500, Calgary, AB, CAN, T2E 7S8
FLYHT Aerospace Solutions Ltd provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft-certified hardware products, including AFIRS, the AFIRS Edge, TAMDAR and FLYHT-WVSS-II. The company's product and services include SaaS, Hardware, Licensing and Technical Services. Geographically, the company operates in United States & Mexico, Asia, China, Middle East, Canada, Australia, Africa, Europe and South/Central America.
Executives
Alana Forbes Senior Officer
Thomas Schmutz Senior Officer

FLYHT Aerospace Solutions (TSXV:FLY) Headlines