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Pembina Pipeline (Pembina Pipeline) Cyclically Adjusted PS Ratio : 2.80 (As of Apr. 28, 2024)


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What is Pembina Pipeline Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Pembina Pipeline's current share price is $35.82. Pembina Pipeline's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $12.79. Pembina Pipeline's Cyclically Adjusted PS Ratio for today is 2.80.

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

PBA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.67   Med: 3.5   Max: 6.38
Current: 2.89

During the past years, Pembina Pipeline's highest Cyclically Adjusted PS Ratio was 6.38. The lowest was 1.67. And the median was 3.50.

PBA's Cyclically Adjusted PS Ratio is ranked worse than
80.9% of 754 companies
in the Oil & Gas industry
Industry Median: 0.895 vs PBA: 2.89

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.

Pembina Pipeline's adjusted revenue per share data for the three months ended in Dec. 2023 was $3.336. 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 $12.79 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pembina Pipeline Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Pembina Pipeline'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.

Pembina Pipeline Cyclically Adjusted PS Ratio Chart

Pembina Pipeline 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 3.47 2.12 2.51 2.75 2.69

Pembina Pipeline 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 2.75 2.59 2.45 2.40 2.69

Competitive Comparison of Pembina Pipeline's Cyclically Adjusted PS Ratio

For the Oil & Gas Midstream subindustry, Pembina Pipeline'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.


Pembina Pipeline's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pembina Pipeline's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Pembina Pipeline 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.

Pembina Pipeline's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=35.82/12.79
=2.80

* 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.

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

For example, Pembina Pipeline'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)
=3.336/125.4675*125.4675
=3.336

Current CPI (Dec. 2023) = 125.4675.

Pembina Pipeline Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 4.658 98.604 5.927
201406 4.563 99.473 5.755
201409 3.989 99.394 5.035
201412 3.240 98.367 4.133
201503 2.690 99.789 3.382
201506 2.860 100.500 3.571
201509 2.242 100.421 2.801
201512 2.495 99.947 3.132
201603 2.045 101.054 2.539
201606 2.042 102.002 2.512
201609 1.883 101.765 2.322
201612 2.356 101.449 2.914
201703 2.764 102.634 3.379
201706 2.163 103.029 2.634
201709 2.107 103.345 2.558
201712 2.574 103.345 3.125
201803 2.796 105.004 3.341
201806 2.614 105.557 3.107
201809 3.082 105.636 3.661
201812 2.509 105.399 2.987
201903 2.880 106.979 3.378
201906 2.652 107.690 3.090
201909 2.503 107.611 2.918
201912 1.313 107.769 1.529
202003 2.180 107.927 2.534
202006 1.701 108.401 1.969
202009 2.056 108.164 2.385
202012 2.385 108.559 2.756
202103 2.916 110.298 3.317
202106 2.825 111.720 3.173
202109 3.078 112.905 3.420
202112 3.630 113.774 4.003
202203 4.469 117.646 4.766
202206 4.340 120.806 4.507
202209 3.747 120.648 3.897
202212 3.593 120.964 3.727
202303 3.155 122.702 3.226
202306 2.828 124.203 2.857
202309 3.080 125.230 3.086
202312 3.336 125.468 3.336

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.


Pembina Pipeline  (NYSE:PBA) 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.


Pembina Pipeline Cyclically Adjusted PS Ratio Related Terms

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


Pembina Pipeline (Pembina Pipeline) Business Description

Industry
Address
585 - 8th Avenue S.W., Suite 4000, Calgary, AB, CAN, T2P 1G1
Pembina Pipeline is a midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. Its assets include pipelines and gas gathering as well as assets across fractionation, storage, and propane exports.