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iA Financial (FRA:1OD) Cyclically Adjusted PS Ratio : 0.77 (As of Apr. 29, 2024)


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What is iA Financial Cyclically Adjusted PS Ratio?

As of today (2024-04-29), iA Financial's current share price is €57.00. iA Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €73.72. iA Financial's Cyclically Adjusted PS Ratio for today is 0.77.

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

FRA:1OD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.62   Max: 0.86
Current: 0.78

During the past years, iA Financial's highest Cyclically Adjusted PS Ratio was 0.86. The lowest was 0.38. And the median was 0.62.

FRA:1OD's Cyclically Adjusted PS Ratio is ranked better than
60.99% of 405 companies
in the Insurance industry
Industry Median: 0.98 vs FRA:1OD: 0.78

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.

iA Financial's adjusted revenue per share data for the three months ended in Dec. 2023 was €27.053. 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 €73.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


iA Financial Cyclically Adjusted PS Ratio Historical Data

The historical data trend for iA Financial'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.

iA Financial Cyclically Adjusted PS Ratio Chart

iA Financial 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 0.73 0.52 0.64 0.75 0.83

iA Financial 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 0.75 0.79 0.82 0.79 0.83

Competitive Comparison of iA Financial's Cyclically Adjusted PS Ratio

For the Insurance - Diversified subindustry, iA Financial'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.


iA Financial's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, iA Financial's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



iA Financial 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.

iA Financial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=57.00/73.72
=0.77

* 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.

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

For example, iA Financial'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)
=27.053/125.4675*125.4675
=27.053

Current CPI (Dec. 2023) = 125.4675.

iA Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 17.337 98.604 22.060
201406 15.814 99.473 19.946
201409 14.701 99.394 18.557
201412 17.780 98.367 22.678
201503 22.005 99.789 27.667
201506 7.503 100.500 9.367
201509 11.525 100.421 14.399
201512 15.503 99.947 19.461
201603 18.396 101.054 22.840
201606 21.029 102.002 25.867
201609 18.148 101.765 22.375
201612 4.747 101.449 5.871
201703 18.682 102.634 22.838
201706 19.520 103.029 23.771
201709 10.396 103.345 12.621
201712 22.809 103.345 27.692
201803 14.963 105.004 17.879
201806 16.471 105.557 19.578
201809 11.871 105.636 14.100
201812 15.451 105.399 18.393
201903 30.244 106.979 35.471
201906 25.456 107.690 29.658
201909 23.867 107.611 27.827
201912 16.326 107.769 19.007
202003 14.286 107.927 16.608
202006 41.036 108.401 47.496
202009 24.631 108.164 28.571
202012 27.103 108.559 31.324
202103 2.067 110.298 2.351
202106 33.609 111.720 37.745
202109 23.814 112.905 26.464
202112 24.897 113.774 27.456
202203 -21.131 117.646 -22.536
202206 -17.903 120.806 -18.594
202209 5.265 120.648 5.475
202212 0.903 120.964 0.937
202303 20.901 122.702 21.372
202306 13.948 124.203 14.090
202309 -13.675 125.230 -13.701
202312 27.053 125.468 27.053

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.


iA Financial  (FRA:1OD) 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.


iA Financial Cyclically Adjusted PS Ratio Related Terms

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


iA Financial (FRA:1OD) Business Description

Traded in Other Exchanges
Address
1080, Grande Allee Ouest, PO Box 1907, Station Terminus, Quebec, QC, CAN, G1K 7M3
iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and U.S Operations.

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