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Corpay (BSP:CPAY34) Cyclically Adjusted PS Ratio : 8.53 (As of Apr. 28, 2024)


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What is Corpay Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Corpay's current share price is R$271.45. Corpay's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$31.83. Corpay's Cyclically Adjusted PS Ratio for today is 8.53.

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

BSP:CPAY34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.06   Med: 12.15   Max: 19.11
Current: 9.17

During the past years, Corpay's highest Cyclically Adjusted PS Ratio was 19.11. The lowest was 6.06. And the median was 12.15.

BSP:CPAY34's Cyclically Adjusted PS Ratio is ranked worse than
89.59% of 1412 companies
in the Software industry
Industry Median: 1.87 vs BSP:CPAY34: 9.17

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.

Corpay's adjusted revenue per share data for the three months ended in Dec. 2023 was R$15.654. 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 R$31.83 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Corpay Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Corpay'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.

Corpay Cyclically Adjusted PS Ratio Chart

Corpay 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 16.79 14.00 9.51 6.44 8.53

Corpay 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 6.44 7.05 8.06 7.89 8.53

Competitive Comparison of Corpay's Cyclically Adjusted PS Ratio

For the Software - Infrastructure subindustry, Corpay'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.


Corpay's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Corpay's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Corpay 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.

Corpay's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=271.45/31.83
=8.53

* 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.

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

For example, Corpay'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)
=15.654/129.4194*129.4194
=15.654

Current CPI (Dec. 2023) = 129.4194.

Corpay Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.722 99.695 2.235
201406 1.782 100.560 2.293
201409 2.004 100.428 2.583
201412 2.738 99.070 3.577
201503 3.479 99.621 4.520
201506 3.347 100.684 4.302
201509 4.679 100.392 6.032
201512 4.428 99.792 5.743
201603 4.030 100.470 5.191
201606 3.754 101.688 4.778
201609 4.134 101.861 5.252
201612 4.534 101.863 5.761
201703 4.303 102.862 5.414
201706 5.001 103.349 6.263
201709 4.866 104.136 6.047
201712 5.426 104.011 6.751
201803 5.147 105.290 6.327
201806 5.949 106.317 7.242
201809 6.912 106.507 8.399
201812 6.895 105.998 8.419
201903 6.690 107.251 8.073
201906 6.920 108.070 8.287
201909 7.748 108.329 9.256
201912 7.937 108.420 9.474
202003 9.155 108.902 10.880
202006 7.868 108.767 9.362
202009 9.159 109.815 10.794
202012 9.248 109.897 10.891
202103 9.997 111.754 11.577
202106 9.836 114.631 11.105
202109 11.910 115.734 13.318
202112 13.917 117.630 15.312
202203 12.384 121.301 13.213
202206 13.892 125.017 14.381
202209 15.493 125.227 16.012
202212 15.577 125.222 16.099
202303 15.758 127.348 16.014
202306 15.340 128.729 15.422
202309 16.068 129.860 16.014
202312 15.654 129.419 15.654

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.


Corpay  (BSP:CPAY34) 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.


Corpay Cyclically Adjusted PS Ratio Related Terms

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


Corpay (BSP:CPAY34) Business Description

Industry
Traded in Other Exchanges
Address
3280 Peachtree Road, Suite 2400, Atlanta, GA, USA, 30305
Fleetcor Technologies Inc is a provider of specialised payment products. The company offers fleet cards, food cards, corporate lodging discount cards, and other specialised payment services. Fleetcor's systems enable its customers to manage and control their commercial payments and loyalty-card programmes. Customers include commercial fleet operators, major oil companies, petroleum marketers, and government entities. Further, Fleetcor offers customised analysis solutions to its clients, offering business productivity tracking capabilities. United States is the largest geographic operating segment.

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