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Medibank Pvt (ASX:MPL) Cyclically Adjusted PS Ratio : 1.20 (As of Oct. 31, 2024)


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What is Medibank Pvt Cyclically Adjusted PS Ratio?

As of today (2024-10-31), Medibank Pvt's current share price is A$3.59. Medibank Pvt's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun24 was A$2.98. Medibank Pvt's Cyclically Adjusted PS Ratio for today is 1.20.

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

ASX:MPL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.22   Med: 1.27   Max: 1.34
Current: 1.24

During the past 10 years, Medibank Pvt's highest Cyclically Adjusted PS Ratio was 1.34. The lowest was 1.22. And the median was 1.27.

ASX:MPL's Cyclically Adjusted PS Ratio is ranked worse than
59.03% of 393 companies
in the Insurance industry
Industry Median: 1.06 vs ASX:MPL: 1.24

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.

Medibank Pvt's adjusted revenue per share data of for the fiscal year that ended in Jun24 was A$2.912. 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$2.98 for the trailing ten years ended in Jun24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Medibank Pvt Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Medibank Pvt'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.

Medibank Pvt Cyclically Adjusted PS Ratio Chart

Medibank Pvt Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.25

Medibank Pvt Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - - - - 1.25

Competitive Comparison of Medibank Pvt's Cyclically Adjusted PS Ratio

For the Insurance - Specialty subindustry, Medibank Pvt'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.


Medibank Pvt's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Medibank Pvt's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Medibank Pvt 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.

Medibank Pvt's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.59/2.98
=1.20

* 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.

Medibank Pvt's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun24 is calculated as:

For example, Medibank Pvt's adjusted Revenue per Share data for the fiscal year that ended in Jun24 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun24 (Change)*Current CPI (Jun24)
=2.912/128.9064*128.9064
=2.912

Current CPI (Jun24) = 128.9064.

Medibank Pvt Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201506 2.425 99.838 3.131
201606 2.471 100.859 3.158
201706 2.515 102.809 3.153
201806 2.547 104.945 3.129
201906 2.452 106.617 2.965
202006 2.461 106.246 2.986
202106 2.546 110.332 2.975
202206 2.575 117.112 2.834
202306 2.723 124.170 2.827
202406 2.912 128.906 2.912

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.


Medibank Pvt  (ASX:MPL) 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.


Medibank Pvt Cyclically Adjusted PS Ratio Related Terms

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


Medibank Pvt Business Description

Traded in Other Exchanges
N/A
Address
695 Collins Street, Level 2, Docklands, VIC, AUS, 3008
Previously owned by the Australian government, Medibank is the largest health insurer in Australia. Its two brands, Medibank Private and Ahm, cover around 4 million people. Medibank and Australia's fourth-largest health fund, NIB Holdings, are the only listed health insurers. In addition to private health insurance, the firm provides life, pet, and travel insurance, as well as health insurance for overseas students and temporary overseas workers. The Medibank Health division provides healthcare services to businesses, governments, and communities across Australia and New Zealand.

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