Melco International Development (Melco International Development) Cyclically Adjusted PS Ratio : 0.41 (As of Apr. 27, 2024)

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What is Melco International Development Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Melco International Development's current share price is $0.7101. Melco International Development's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec22 was $1.73. Melco International Development's Cyclically Adjusted PS Ratio for today is 0.41.

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

MDEVF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.32 Med: 3.44 Max: 80.51
Current: 0.41

During the past 13 years, Melco International Development's highest Cyclically Adjusted PS Ratio was 80.51. The lowest was 0.32. And the median was 3.44.

MDEVF's Cyclically Adjusted PS Ratio is ranked better than
84.19% of 626 companies
in the Travel & Leisure industry
Industry Median: 1.44 vs MDEVF: 0.41

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.

Melco International Development's adjusted revenue per share data of for the fiscal year that ended in Dec22 was $0.901. 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 $1.73 for the trailing ten years ended in Dec22.

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Melco International Development Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Melco International Development'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.

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Melco International Development Cyclically Adjusted PS Ratio Chart

Melco International Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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2.14

1.36

0.77

0.64

Melco International Development 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															0.77	-	0.64	-	-

Competitive Comparison of Melco International Development's Cyclically Adjusted PS Ratio

For the Resorts & Casinos subindustry, Melco International Development'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.

Melco International Development's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Melco International Development's Cyclically Adjusted PS Ratio distribution charts can be found below:

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

Melco International Development 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.

Melco International Development's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	0.7101	/	1.73
	=	0.41

Melco International Development's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Melco International Development's adjusted Revenue per Share data for the fiscal year that ended in Dec22 was:

Adj_RevenuePerShare	=	Revenue per Share	/	CPI of Dec22 (Change)	*	Current CPI (Dec22)
	=	0.901	/	114.5475	*	114.5475
	=	0.901

Current CPI (Dec22) = 114.5475.

Melco International Development Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201312	0.015	95.090	0.018
201412	0.017	99.707	0.020
201512	0.033	102.015	0.037
201612	1.992	103.225	2.211
201712	3.414	104.984	3.725
201812	3.389	107.622	3.607
201912	3.791	110.700	3.923
202012	1.145	109.711	1.195
202112	1.326	112.349	1.352
202212	0.901	114.548	0.901

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.

Melco International Development (OTCPK:MDEVF) 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.

Melco International Development Cyclically Adjusted PS Ratio Related Terms

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Melco International Development (Melco International Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco International Development Ltd (OTCPK:MDEVF) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

MDEVY:USA 00200:Hong Kong MX7A:Germany

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-group.com

Melco International Development Ltd together with its subsidiaries is a developer, owner and operator of international network of casino gaming and entertainment casino resorts. Its operating segments include Casino and Hospitality segment, and the Others segment. The Casino and Hospitality segment comprises operation of casino and provision of hospitality through Melco Resorts and ICR Group. The Others segment comprises other gaming, leisure and entertainment, and property investments. The company's operations are mainly located in Macau, Hong Kong, the Philippines, Cyprus, and Japan. Geographically, the company derives maximum revenue from Macau.