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Kobenhavns Lufthavne (OCSE:KBHL) Cyclically Adjusted PS Ratio : 9.19 (As of Apr. 27, 2024)


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What is Kobenhavns Lufthavne Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Kobenhavns Lufthavne's current share price is kr4780.00. Kobenhavns Lufthavne's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was kr520.25. Kobenhavns Lufthavne's Cyclically Adjusted PS Ratio for today is 9.19.

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

OCSE:KBHL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.92   Med: 10.34   Max: 15.22
Current: 9.03

During the past years, Kobenhavns Lufthavne's highest Cyclically Adjusted PS Ratio was 15.22. The lowest was 7.92. And the median was 10.34.

OCSE:KBHL's Cyclically Adjusted PS Ratio is ranked worse than
96.83% of 725 companies
in the Transportation industry
Industry Median: 0.82 vs OCSE:KBHL: 9.03

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.

Kobenhavns Lufthavne's adjusted revenue per share data for the three months ended in Dec. 2023 was kr113.077. 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 kr520.25 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kobenhavns Lufthavne Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Kobenhavns Lufthavne'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.

Kobenhavns Lufthavne Cyclically Adjusted PS Ratio Chart

Kobenhavns Lufthavne 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 10.30 10.88 12.04 11.45 8.92

Kobenhavns Lufthavne 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 11.45 12.31 11.32 9.27 8.92

Competitive Comparison of Kobenhavns Lufthavne's Cyclically Adjusted PS Ratio

For the Airports & Air Services subindustry, Kobenhavns Lufthavne'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.


Kobenhavns Lufthavne's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kobenhavns Lufthavne's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Kobenhavns Lufthavne 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.

Kobenhavns Lufthavne's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4780.00/520.25
=9.19

* 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.

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

For example, Kobenhavns Lufthavne'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)
=113.077/116.7000*116.7000
=113.077

Current CPI (Dec. 2023) = 116.7000.

Kobenhavns Lufthavne Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 105.853 99.600 124.027
201406 132.047 99.700 154.563
201409 136.331 99.700 159.577
201412 118.164 99.400 138.730
201503 111.169 100.200 129.475
201506 132.934 100.300 154.670
201509 143.473 100.200 167.099
201512 130.006 99.800 152.021
201603 123.255 100.200 143.551
201606 145.500 100.600 168.786
201609 156.595 100.200 182.382
201612 138.135 100.300 160.721
201703 126.879 101.200 146.312
201706 146.573 101.200 169.022
201709 156.832 101.800 179.787
201712 135.305 101.300 155.875
201803 128.937 101.700 147.954
201806 145.764 102.300 166.282
201809 158.016 102.400 180.083
201812 133.321 102.100 152.386
201903 123.623 102.900 140.202
201906 143.627 102.900 162.889
201909 152.862 102.900 173.362
201912 133.520 102.900 151.426
202003 97.749 103.300 110.429
202006 21.716 103.200 24.557
202009 49.663 103.500 55.997
202012 31.904 103.400 36.008
202103 23.903 104.300 26.745
202106 33.265 105.000 36.972
202109 91.055 105.800 100.436
202112 90.681 106.600 99.273
202203 71.077 109.900 75.475
202206 131.797 113.600 135.394
202209 139.963 116.400 140.324
202212 91.255 115.900 91.885
202303 96.804 117.300 96.309
202306 146.372 116.400 146.749
202309 152.627 117.400 151.717
202312 113.077 116.700 113.077

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.


Kobenhavns Lufthavne  (OCSE:KBHL) 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.


Kobenhavns Lufthavne Cyclically Adjusted PS Ratio Related Terms

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


Kobenhavns Lufthavne (OCSE:KBHL) Business Description

Traded in Other Exchanges
Address
Lufthavnsboulevarden 6, Kastrup, DNK, 2770
Kobenhavns Lufthavne formerly Copenhagen Airports A/S owns and operates Airports in Denmark. The company manages the infrastructure, buildings, and other services in the Kastrup and Roskilde airports. Copenhagen Airports divides its activities into two segments; Aeronautical and Non-aeronautical. Its majority of revenues are derived from the Aeronautical segment which comprises the operations and functions that the airports at Kastrup and Roskilde make available so that airlines can operate their flights, including facilities required for passengers to pass through these airports. The Non-aeronautical segment comprises the other facilities and services provided at the airports for passengers and others, including car-parking facilities, shops, restaurants, rest areas, lounges, and hotels.

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