GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ternium SA (BSP:TXSA34) » Definitions » Cyclically Adjusted PS Ratio

Ternium (BSP:TXSA34) Cyclically Adjusted PS Ratio : 0.69 (As of Apr. 28, 2024)


View and export this data going back to 2019. Start your Free Trial

What is Ternium Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Ternium's current share price is R$223.74. Ternium's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$326.10. Ternium's Cyclically Adjusted PS Ratio for today is 0.69.

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

BSP:TXSA34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.6   Max: 1.11
Current: 0.66

During the past years, Ternium's highest Cyclically Adjusted PS Ratio was 1.11. The lowest was 0.24. And the median was 0.60.

BSP:TXSA34's Cyclically Adjusted PS Ratio is ranked worse than
59.85% of 518 companies
in the Steel industry
Industry Median: 0.47 vs BSP:TXSA34: 0.66

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.

Ternium's adjusted revenue per share data for the three months ended in Mar. 2024 was R$12.121. 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$326.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ternium Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ternium'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.

Ternium Cyclically Adjusted PS Ratio Chart

Ternium 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 0.46 0.60 0.82 0.51 0.65

Ternium Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.68 0.64 0.62 0.65 0.63

Competitive Comparison of Ternium's Cyclically Adjusted PS Ratio

For the Steel subindustry, Ternium'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.


Ternium's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ternium's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Ternium 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=223.74/326.1
=0.69

* 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.

Ternium's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ternium's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=12.121/121.1700*121.1700
=12.121

Current CPI (Mar. 2024) = 121.1700.

Ternium Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.510 99.960 3.043
201409 2.642 99.900 3.205
201412 2.900 98.830 3.556
201503 3.402 99.980 4.123
201506 3.164 100.640 3.809
201509 3.868 100.380 4.669
201512 3.578 99.910 4.339
201603 3.119 100.030 3.778
201606 3.249 100.660 3.911
201609 3.076 100.750 3.699
201612 3.160 101.040 3.790
201703 3.306 101.780 3.936
201706 3.899 102.170 4.624
201709 4.045 102.520 4.781
201712 4.645 102.410 5.496
201803 4.672 102.900 5.502
201806 5.806 103.650 6.787
201809 6.277 104.580 7.273
201812 5.215 104.320 6.057
201903 5.353 105.140 6.169
201906 5.416 105.550 6.217
201909 5.141 105.900 5.882
201912 4.704 106.080 5.373
202003 5.654 106.040 6.461
202006 4.614 106.340 5.257
202009 5.883 106.620 6.686
202012 6.761 106.670 7.680
202103 9.327 108.140 10.451
202106 10.041 108.680 11.195
202109 12.349 109.470 13.669
202112 12.472 111.090 13.604
202203 10.913 114.780 11.521
202206 11.411 116.750 11.843
202209 11.020 117.000 11.413
202212 9.476 117.060 9.809
202303 9.613 118.910 9.796
202306 9.572 120.460 9.628
202309 13.044 121.740 12.983
202312 12.307 121.170 12.307
202403 12.121 121.170 12.121

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.


Ternium  (BSP:TXSA34) 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.


Ternium Cyclically Adjusted PS Ratio Related Terms

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


Ternium (BSP:TXSA34) Business Description

Industry
Traded in Other Exchanges
Address
26 Boulevard Royal, 4th Floor, Luxembourg, LUX, L-2449
Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel and Mining. In its steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The vast majority of its revenue comes from the steel segment. Its geographical segments are Mexico, the Southern region, and Brazil & Other markets.

Ternium (BSP:TXSA34) Headlines

No Headlines