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Comstock Resources (Comstock Resources) Cyclically Adjusted PS Ratio : 0.48 (As of Apr. 29, 2024)


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What is Comstock Resources Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Comstock Resources's current share price is $10.32. Comstock Resources's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $21.37. Comstock Resources's Cyclically Adjusted PS Ratio for today is 0.48.

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

CRK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.23   Max: 2.55
Current: 0.48

During the past years, Comstock Resources's highest Cyclically Adjusted PS Ratio was 2.55. The lowest was 0.06. And the median was 0.23.

CRK's Cyclically Adjusted PS Ratio is ranked better than
63.93% of 754 companies
in the Oil & Gas industry
Industry Median: 0.895 vs CRK: 0.48

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.

Comstock Resources's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.482. 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 $21.37 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Comstock Resources Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Comstock Resources'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.

Comstock Resources Cyclically Adjusted PS Ratio Chart

Comstock Resources 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 0.23 0.14 0.28 0.52 0.41

Comstock Resources 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 0.52 0.43 0.48 0.48 0.41

Competitive Comparison of Comstock Resources's Cyclically Adjusted PS Ratio

For the Oil & Gas E&P subindustry, Comstock Resources'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.


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

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

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



Comstock Resources 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.

Comstock Resources's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.32/21.37
=0.48

* 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.

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

For example, Comstock Resources'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)
=1.482/129.4194*129.4194
=1.482

Current CPI (Dec. 2023) = 129.4194.

Comstock Resources Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 15.177 99.695 19.702
201406 16.570 100.560 21.325
201409 15.539 100.428 20.025
201412 12.163 99.070 15.889
201503 7.227 99.621 9.389
201506 8.382 100.684 10.774
201509 6.648 100.392 8.570
201512 5.116 99.792 6.635
201603 3.727 100.470 4.801
201606 3.523 101.688 4.484
201609 4.094 101.861 5.202
201612 3.688 101.863 4.686
201703 3.782 102.862 4.758
201706 4.168 103.349 5.219
201709 4.515 104.136 5.611
201712 4.948 104.011 6.157
201803 4.813 105.290 5.916
201806 4.006 106.317 4.877
201809 0.000 106.507 0.000
201812 0.000 105.998 0.000
201903 1.203 107.251 1.452
201906 1.215 108.070 1.455
201909 1.309 108.329 1.564
201912 1.522 108.420 1.817
202003 0.792 108.902 0.941
202006 0.859 108.767 1.022
202009 0.770 109.815 0.907
202012 1.187 109.897 1.398
202103 1.472 111.754 1.705
202106 1.485 114.631 1.677
202109 2.206 115.734 2.467
202112 2.825 117.630 3.108
202203 2.262 121.301 2.413
202206 3.409 125.017 3.529
202209 4.285 125.227 4.428
202212 3.329 125.222 3.441
202303 1.770 127.348 1.799
202306 1.042 128.729 1.048
202309 1.360 129.860 1.355
202312 1.482 129.419 1.482

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.


Comstock Resources  (NYSE:CRK) 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.


Comstock Resources Cyclically Adjusted PS Ratio Related Terms

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


Comstock Resources (Comstock Resources) Business Description

Industry
Traded in Other Exchanges
Address
5300 Town and Country Boulevard, Suite 500, Comstock Tower, Frisco, TX, USA, 75034
Comstock Resources Inc is an independent energy company operating in the Haynesville shale, a natural gas basin located in East Texas and North Louisiana with superior economics and geographical proximity to the Gulf Coast markets. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. Its oil and gas operations are concentrated in Louisiana, Texas and North Dakota.
Executives
Roland O Burns director, officer: Sr. VP & CFO 5300 TOWN AND COUNTY BLVD SUITE 500, FRISCO TX 75034
Brian Christopher Claunch officer: VP of Financial Reporting 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Patrick Mcgough officer: Vice President of Operations 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Jim L Turner director DEAN FOODS COMPANY, 2711 N. HASKELL AVE., SUITE 3400, DALLAS TX 75204
Morris E Foster director C/O EXXON MOBIL CORP, 5959 LAS COLINAS BLVD., IRVING TX 75039-2298
Newell Clifford Doyle Iii officer: VP of Corporate Development 5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034
M Jay Allison director, officer: Chairman & CEO 5300 TOWN AND COUNTY BLVD SUITE 500, FRISCO TX 75034
Kanaman Lori Ann Arendt officer: VP of Marketing 5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034
Stuart D Porter director, 10 percent owner 200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Russell W Romoser officer: VP of Reservoir Engineering 5300 TOWN AND COUNTRY BLVD., SUITE 500, FRISCO TX 75034
Ronald Eugene Mills officer: VP of Finance. and IR 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
John David Jacobi director 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
David John Terry officer: Sr. VP of Corporate Dev. 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Covey Park Holdings Llc director, 10 percent owner 8401 N. CENTRAL EXPRESSWAY, SUITE 700, DALLAS TX 75225
Jordan Tatum Marye director 700 LOUISIANA STREET, SUITE 3700, HOUSTON TX 77002