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Cleanaway Waste Management (ASX:CWY) Cyclically Adjusted PS Ratio : 2.15 (As of Apr. 28, 2024)


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What is Cleanaway Waste Management Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Cleanaway Waste Management's current share price is A$2.66. Cleanaway Waste Management's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 was A$1.24. Cleanaway Waste Management's Cyclically Adjusted PS Ratio for today is 2.15.

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

ASX:CWY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 1.28   Max: 2.72
Current: 2.14

During the past 13 years, Cleanaway Waste Management's highest Cyclically Adjusted PS Ratio was 2.72. The lowest was 0.23. And the median was 1.28.

ASX:CWY's Cyclically Adjusted PS Ratio is ranked worse than
66.91% of 136 companies
in the Waste Management industry
Industry Median: 1.25 vs ASX:CWY: 2.14

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.

Cleanaway Waste Management's adjusted revenue per share data of for the fiscal year that ended in Jun23 was A$1.585. 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 A$1.24 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cleanaway Waste Management Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Cleanaway Waste Management'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.

Cleanaway Waste Management Cyclically Adjusted PS Ratio Chart

Cleanaway Waste Management Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.73 1.77 2.22 2.11 2.09

Cleanaway Waste Management Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - 2.11 - 2.09 -

Competitive Comparison of Cleanaway Waste Management's Cyclically Adjusted PS Ratio

For the Waste Management subindustry, Cleanaway Waste Management'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.


Cleanaway Waste Management's Cyclically Adjusted PS Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Cleanaway Waste Management's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Cleanaway Waste Management 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.

Cleanaway Waste Management's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.66/1.24
=2.15

* 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.

Cleanaway Waste Management's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Cleanaway Waste Management's adjusted Revenue per Share data for the fiscal year that ended in Jun23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=1.585/124.1700*124.1700
=1.585

Current CPI (Jun23) = 124.1700.

Cleanaway Waste Management Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.879 98.352 1.110
201506 0.854 99.838 1.062
201606 0.892 100.859 1.098
201706 0.875 102.809 1.057
201806 0.921 104.945 1.090
201906 1.102 106.617 1.283
202006 1.121 106.246 1.310
202106 1.142 110.332 1.285
202206 1.440 117.112 1.527
202306 1.585 124.170 1.585

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.


Cleanaway Waste Management  (ASX:CWY) 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.


Cleanaway Waste Management Cyclically Adjusted PS Ratio Related Terms

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Cleanaway Waste Management (ASX:CWY) Business Description

Traded in Other Exchanges
Address
441 St Kilda Road, Level 4, Melbourne, VIC, AUS, 3004
Cleanaway Waste Management is Australia's largest waste management business with a national footprint spanning collection, midstream waste processing, treatment, and valorization, and downstream waste disposal. Cleanaway is active in municipal and commercial and industrial, or C&I, waste stream segments and in nonhazardous and hazardous liquid waste and medical waste streams following the acquisition of Toxfree in fiscal 2018. While Cleanaway is allocating greater capital to midstream waste processing and treatment, earnings remain skewed toward waste collection. Cleanaway is particularly strong in C&I and municipal waste collection with strong market share in all large Australian metro waste collection market.

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