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AIRA Factoring PCL (BKK:AF) Cyclically Adjusted PS Ratio : 4.12 (As of Apr. 27, 2024)


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What is AIRA Factoring PCL Cyclically Adjusted PS Ratio?

As of today (2024-04-27), AIRA Factoring PCL's current share price is ฿0.70. AIRA Factoring PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ฿0.17. AIRA Factoring PCL's Cyclically Adjusted PS Ratio for today is 4.12.

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

BKK:AF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.94   Med: 4.75   Max: 8.69
Current: 4.54

During the past years, AIRA Factoring PCL's highest Cyclically Adjusted PS Ratio was 8.69. The lowest was 2.94. And the median was 4.75.

BKK:AF's Cyclically Adjusted PS Ratio is ranked worse than
62.4% of 367 companies
in the Credit Services industry
Industry Median: 2.87 vs BKK:AF: 4.54

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.

AIRA Factoring PCL's adjusted revenue per share data for the three months ended in Dec. 2023 was ฿0.035. 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 ฿0.17 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


AIRA Factoring PCL Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AIRA Factoring PCL'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.

AIRA Factoring PCL Cyclically Adjusted PS Ratio Chart

AIRA Factoring PCL 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 3.93 4.34 7.16 6.90 4.67

AIRA Factoring PCL 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 6.90 6.96 7.08 7.22 4.67

Competitive Comparison of AIRA Factoring PCL's Cyclically Adjusted PS Ratio

For the Credit Services subindustry, AIRA Factoring PCL'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.


AIRA Factoring PCL's Cyclically Adjusted PS Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, AIRA Factoring PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where AIRA Factoring PCL's Cyclically Adjusted PS Ratio falls into.



AIRA Factoring PCL 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.

AIRA Factoring PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.70/0.17
=4.12

* 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.

AIRA Factoring PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, AIRA Factoring PCL'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)
=0.035/129.4194*129.4194
=0.035

Current CPI (Dec. 2023) = 129.4194.

AIRA Factoring PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.033 99.695 0.043
201406 0.034 100.560 0.044
201409 0.034 100.428 0.044
201412 0.039 99.070 0.051
201503 0.058 99.621 0.075
201506 0.057 100.684 0.073
201509 0.052 100.392 0.067
201512 0.031 99.792 0.040
201603 0.029 100.470 0.037
201606 0.029 101.688 0.037
201609 0.028 101.861 0.036
201612 0.032 101.863 0.041
201703 0.033 102.862 0.042
201706 0.032 103.349 0.040
201709 0.036 104.136 0.045
201712 0.038 104.011 0.047
201803 0.036 105.290 0.044
201806 0.034 106.317 0.041
201809 0.035 106.507 0.043
201812 0.037 105.998 0.045
201903 0.033 107.251 0.040
201906 0.034 108.070 0.041
201909 0.035 108.329 0.042
201912 0.038 108.420 0.045
202003 0.036 108.902 0.043
202006 0.030 108.767 0.036
202009 0.029 109.815 0.034
202012 0.030 109.897 0.035
202103 0.028 111.754 0.032
202106 0.028 114.631 0.032
202109 0.027 115.734 0.030
202112 0.029 117.630 0.032
202203 0.031 121.301 0.033
202206 0.031 125.017 0.032
202209 0.033 125.227 0.034
202212 0.034 125.222 0.035
202303 0.035 127.348 0.036
202306 0.036 128.729 0.036
202309 0.033 129.860 0.033
202312 0.035 129.419 0.035

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.


AIRA Factoring PCL  (BKK:AF) 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.


AIRA Factoring PCL Cyclically Adjusted PS Ratio Related Terms

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


AIRA Factoring PCL (BKK:AF) Business Description

Traded in Other Exchanges
N/A
Address
Phayathai Road, No. 319 Chamchuri Square, 17th Floor, Pathumwan Disrict, Bangkok, THA, 10330
AIRA Factoring PCL is a Thailand-based company engaged in the business of receivable factoring. It provides short-term financing services by transferring creditor's right or factoring service. In exchange for these services, the company finances the short-term cash flow. The company's clients vary from small to middle businesses that need short-term cash to fund their working capital. Its diversified portfolio of industries includes electronic equipment and parts, telecommunication, consumer products, and the health and beauty industry.

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