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NEX Group (NEX Group) Cyclically Adjusted PS Ratio : (As of Apr. 28, 2024)


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What is NEX Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


NEX Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for NEX Group'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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NEX Group Cyclically Adjusted PS Ratio Chart

NEX Group Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Cyclically Adjusted PS Ratio
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NEX Group Semi-Annual Data
Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18
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Competitive Comparison of NEX Group's Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, NEX Group'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.


NEX Group's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, NEX Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



NEX Group 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.

NEX Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar18 is calculated as:

For example, NEX Group's adjusted Revenue per Share data for the fiscal year that ended in Mar18 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar18 (Change)*Current CPI (Mar18)
=4.322/105.1000*105.1000
=4.322

Current CPI (Mar18) = 105.1000.

NEX Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
200903 12.089 87.300 14.554
201003 12.936 89.400 15.208
201103 14.870 92.600 16.877
201203 14.148 95.400 15.587
201303 11.955 97.800 12.847
201403 12.250 99.300 12.966
201503 3.715 99.600 3.920
201603 1.971 100.400 2.063
201703 3.497 102.700 3.579
201803 4.322 105.100 4.322

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.


NEX Group  (GREY:NEXGY) 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.


NEX Group Cyclically Adjusted PS Ratio Related Terms

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NEX Group (NEX Group) Business Description

Traded in Other Exchanges
N/A
Address
NEX Group PLC provides electronic execution, risk mitigation, messaging, broking and information services for wholesale market participants. The Company's reportable segments include NEX Markets and NEX Optimisation. The company acts as an intermediary for FX and fixed income products through the Group's electronic platforms. It is also involved in a non-advisory capacity as principals in the matched purchase and sale of financial instruments between clients and provides technology development services.

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