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Shoprite Holdings (JSE:SHP) Cyclically Adjusted PS Ratio : 0.74 (As of Apr. 28, 2024)


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What is Shoprite Holdings Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Shoprite Holdings's current share price is R248.47. Shoprite Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 was R336.12. Shoprite Holdings's Cyclically Adjusted PS Ratio for today is 0.74.

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

JSE:SHP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.83   Max: 1.65
Current: 0.74

During the past 13 years, Shoprite Holdings's highest Cyclically Adjusted PS Ratio was 1.65. The lowest was 0.39. And the median was 0.83.

JSE:SHP's Cyclically Adjusted PS Ratio is ranked worse than
59.31% of 752 companies
in the Retail - Cyclical industry
Industry Median: 0.48 vs JSE:SHP: 0.74

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.

Shoprite Holdings's adjusted revenue per share data of for the fiscal year that ended in Jun23 was R393.633. 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 R336.12 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shoprite Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Shoprite Holdings'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.

Shoprite Holdings Cyclically Adjusted PS Ratio Chart

Shoprite Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 0.41 0.56 0.64 0.67

Shoprite Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - 0.64 - 0.67 -

Competitive Comparison of Shoprite Holdings's Cyclically Adjusted PS Ratio

For the Department Stores subindustry, Shoprite Holdings'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.


Shoprite Holdings's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shoprite Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Shoprite Holdings 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.

Shoprite Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=248.47/336.12
=0.74

* 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.

Shoprite Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Shoprite Holdings's adjusted Revenue per Share data for the fiscal year that ended in Jun23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=393.633/148.8016*148.8016
=393.633

Current CPI (Jun23) = 148.8016.

Shoprite Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201406 190.982 95.813 296.605
201506 211.550 100.173 314.247
201606 241.947 106.713 337.374
201706 249.640 112.054 331.509
201806 260.429 116.959 331.332
201906 265.672 122.191 323.530
202006 280.574 124.807 334.515
202106 303.382 131.113 344.312
202206 335.218 140.835 354.180
202306 393.633 148.802 393.633

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.


Shoprite Holdings  (JSE:SHP) 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.


Shoprite Holdings Cyclically Adjusted PS Ratio Related Terms

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


Shoprite Holdings (JSE:SHP) Business Description

Traded in Other Exchanges
Address
Cnr William Dabs Street and Old Paarl Road, Brackenfell, WC, ZAF, 7560
Shoprite Holdings Ltd is part of The Shoprite Group of Companies, an African food retailer, which operates in countries across Africa and the Indian Ocean Islands. The primary business is food retailing. Besides food retailing, the company is operating in furniture, house products, fast foods, pharmacies, and liquor business segments. The company is targeting consumers at all income levels. The Checkers, Checkers Hyper, and House & Home stores address higher-income groups, while Shoprite Usave focuses on the lower end of the market. Shoprite and OK Furniture offer products for the middle- to lower-income market. The company's reportable segment includes, Supermarkets RSA, Supermarkets Non-RSA, Furniture and Other operating segment.

Shoprite Holdings (JSE:SHP) Headlines

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