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PRIO (BSP:PRIO3) Cyclically Adjusted PS Ratio : 9.83 (As of Apr. 27, 2024)


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What is PRIO Cyclically Adjusted PS Ratio?

As of today (2024-04-27), PRIO's current share price is R$49.25. PRIO's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$5.01. PRIO's Cyclically Adjusted PS Ratio for today is 9.83.

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

BSP:PRIO3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.51   Med: 8.86   Max: 12.46
Current: 9.58

During the past years, PRIO's highest Cyclically Adjusted PS Ratio was 12.46. The lowest was 1.51. And the median was 8.86.

BSP:PRIO3's Cyclically Adjusted PS Ratio is ranked worse than
96.02% of 754 companies
in the Oil & Gas industry
Industry Median: 0.895 vs BSP:PRIO3: 9.58

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.

PRIO's adjusted revenue per share data for the three months ended in Dec. 2023 was R$3.552. 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$5.01 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PRIO Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PRIO'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.

PRIO Cyclically Adjusted PS Ratio Chart

PRIO 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 4.03 7.34 7.99 10.86 9.19

PRIO 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 10.86 8.15 8.98 10.16 9.19

Competitive Comparison of PRIO's Cyclically Adjusted PS Ratio

For the Oil & Gas E&P subindustry, PRIO'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.


PRIO's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PRIO's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



PRIO 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=49.25/5.01
=9.83

* 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.

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

For example, PRIO'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)
=3.552/156.2729*156.2729
=3.552

Current CPI (Dec. 2023) = 156.2729.

PRIO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.482 90.447 0.833
201406 0.463 91.838 0.788
201409 0.418 92.602 0.705
201412 0.275 94.194 0.456
201503 0.016 97.799 0.026
201506 0.326 100.006 0.509
201509 0.366 101.392 0.564
201512 0.036 104.247 0.054
201603 0.063 106.979 0.092
201606 0.157 108.851 0.225
201609 0.211 109.986 0.300
201612 0.175 110.802 0.247
201703 0.116 111.869 0.162
201706 0.241 112.115 0.336
201709 0.187 112.777 0.259
201712 0.318 114.068 0.436
201803 1.850 114.868 2.517
201806 0.394 117.038 0.526
201809 0.370 117.881 0.491
201812 4.396 118.340 5.805
201903 0.220 120.124 0.286
201906 0.831 120.977 1.073
201909 0.607 121.292 0.782
201912 0.795 123.436 1.006
202003 0.330 124.092 0.416
202006 0.462 123.557 0.584
202009 0.723 125.095 0.903
202012 1.235 129.012 1.496
202103 0.837 131.660 0.993
202106 1.210 133.871 1.412
202109 1.035 137.913 1.173
202112 2.093 141.992 2.303
202203 1.801 146.537 1.921
202206 2.204 149.784 2.299
202209 2.323 147.800 2.456
202212 1.141 150.207 1.187
202303 3.297 153.352 3.360
202306 2.727 154.519 2.758
202309 4.781 155.464 4.806
202312 3.552 156.273 3.552

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.


PRIO  (BSP:PRIO3) 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.


PRIO Cyclically Adjusted PS Ratio Related Terms

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


PRIO (BSP:PRIO3) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PRIO SA (BSP:PRIO3) » Definitions » Cyclically Adjusted PS Ratio
Traded in Other Exchanges
Address
Praia de Botafogo, 370, 13th Floor, Botafogo, Rio de Janeiro, RJ, BRA
PRIO SA is engaged in the exploration and production of oil and gas in Brazil and abroad. The company is engaged in oil and gas exploration and production in Brazil and overseas. Its exploration assets comprise Hammer shark field, Octopus field, Campo de Frade, East Albacora field, and Wahoo block.

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