GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Western Forest Products Inc (OTCPK:WFSTF) » Definitions » Cyclically Adjusted PS Ratio

Western Forest Products (Western Forest Products) Cyclically Adjusted PS Ratio : 0.15 (As of May. 17, 2024)


View and export this data going back to 2004. Start your Free Trial

What is Western Forest Products Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Western Forest Products's current share price is $0.38. Western Forest Products's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $2.56. Western Forest Products's Cyclically Adjusted PS Ratio for today is 0.15.

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

WFSTF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.6   Max: 1.15
Current: 0.15

During the past years, Western Forest Products's highest Cyclically Adjusted PS Ratio was 1.15. The lowest was 0.15. And the median was 0.60.

WFSTF's Cyclically Adjusted PS Ratio is ranked better than
86% of 250 companies
in the Forest Products industry
Industry Median: 0.595 vs WFSTF: 0.15

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 Forest Products's adjusted revenue per share data for the three months ended in Mar. 2024 was $0.559. 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 $2.56 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Forest Products Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Western Forest Products'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 Forest Products Cyclically Adjusted PS Ratio Chart

Western Forest Products 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 0.48 0.48 0.71 0.35 0.20

Western Forest Products 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 0.33 0.30 0.23 0.20 0.18

Competitive Comparison of Western Forest Products's Cyclically Adjusted PS Ratio

For the Lumber & Wood Production subindustry, Western Forest Products'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 Forest Products's Cyclically Adjusted PS Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Western Forest Products's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Western Forest Products 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 Forest Products's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.38/2.56
=0.15

* 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 Forest Products's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Western Forest Products'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)
=0.559/126.2576*126.2576
=0.559

Current CPI (Mar. 2024) = 126.2576.

Western Forest Products Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.686 99.473 0.871
201409 0.596 99.394 0.757
201412 0.513 98.367 0.658
201503 0.493 99.789 0.624
201506 0.586 100.500 0.736
201509 0.526 100.421 0.661
201512 0.487 99.947 0.615
201603 0.511 101.054 0.638
201606 0.586 102.002 0.725
201609 0.617 101.765 0.766
201612 0.551 101.449 0.686
201703 0.539 102.634 0.663
201706 0.541 103.029 0.663
201709 0.580 103.345 0.709
201712 0.554 103.345 0.677
201803 0.565 105.004 0.679
201806 0.625 105.557 0.748
201809 0.567 105.636 0.678
201812 0.544 105.399 0.652
201903 0.537 106.979 0.634
201906 0.618 107.690 0.725
201909 0.285 107.611 0.334
201912 0.164 107.769 0.192
202003 0.189 107.927 0.221
202006 0.504 108.401 0.587
202009 0.585 108.164 0.683
202012 0.662 108.559 0.770
202103 0.679 110.298 0.777
202106 0.907 111.720 1.025
202109 0.782 112.905 0.874
202112 0.753 113.774 0.836
202203 0.862 117.646 0.925
202206 1.041 120.806 1.088
202209 0.820 120.648 0.858
202212 0.674 120.964 0.703
202303 0.609 122.702 0.627
202306 0.656 124.203 0.667
202309 0.539 125.230 0.543
202312 0.580 125.072 0.585
202403 0.559 126.258 0.559

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 Forest Products  (OTCPK:WFSTF) 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 Forest Products Cyclically Adjusted PS Ratio Related Terms

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


Western Forest Products (Western Forest Products) Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 800, P.O. Box 11122, Royal Centre Building, Vancouver, BC, CAN, V6E 3P3
Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprises Timber harvesting, Log sales, and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company's large markets and contribute the vast majority of its total revenue.