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MakeMyTrip (STU:MY1) Cyclically Adjusted PS Ratio : 10.02 (As of Jun. 04, 2024)


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What is MakeMyTrip Cyclically Adjusted PS Ratio?

As of today (2024-06-04), MakeMyTrip's current share price is €69.32. MakeMyTrip's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €6.92. MakeMyTrip's Cyclically Adjusted PS Ratio for today is 10.02.

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

STU:MY1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.34   Med: 3.41   Max: 11.44
Current: 10.32

During the past years, MakeMyTrip's highest Cyclically Adjusted PS Ratio was 11.44. The lowest was 1.34. And the median was 3.41.

STU:MY1's Cyclically Adjusted PS Ratio is ranked worse than
93.9% of 639 companies
in the Travel & Leisure industry
Industry Median: 1.45 vs STU:MY1: 10.32

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.

MakeMyTrip's adjusted revenue per share data for the three months ended in Mar. 2024 was €1.573. 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 €6.92 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MakeMyTrip Cyclically Adjusted PS Ratio Historical Data

The historical data trend for MakeMyTrip'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.

MakeMyTrip Cyclically Adjusted PS Ratio Chart

MakeMyTrip Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.47 3.94 3.45 3.18 9.40

MakeMyTrip Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.18 3.51 5.27 6.14 9.40

Competitive Comparison of MakeMyTrip's Cyclically Adjusted PS Ratio

For the Travel Services subindustry, MakeMyTrip'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.


MakeMyTrip's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

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

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



MakeMyTrip 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.

MakeMyTrip's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=69.32/6.92
=10.02

* 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.

MakeMyTrip's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, MakeMyTrip's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.573/153.0345*153.0345
=1.573

Current CPI (Mar. 2024) = 153.0345.

MakeMyTrip Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.675 94.103 2.724
201409 1.124 96.780 1.777
201412 1.467 96.780 2.320
201503 1.512 97.163 2.381
201506 1.990 99.841 3.050
201509 1.397 101.753 2.101
201512 1.966 102.901 2.924
201603 1.897 102.518 2.832
201606 2.589 105.961 3.739
201609 1.779 105.961 2.569
201612 2.211 105.196 3.216
201703 1.450 105.196 2.109
201706 1.754 107.109 2.506
201709 1.269 109.021 1.781
201712 1.454 109.404 2.034
201803 1.267 109.786 1.766
201806 1.147 111.317 1.577
201809 0.848 115.142 1.127
201812 1.054 115.142 1.401
201903 1.019 118.202 1.319
201906 1.199 120.880 1.518
201909 1.019 123.175 1.266
201912 1.256 126.235 1.523
202003 0.898 124.705 1.102
202006 0.053 127.000 0.064
202009 0.167 130.118 0.196
202012 0.437 130.889 0.511
202103 0.619 131.771 0.719
202106 0.252 134.084 0.288
202109 0.529 135.847 0.596
202112 0.937 138.161 1.038
202203 0.740 138.822 0.816
202206 1.238 142.347 1.331
202209 1.209 144.661 1.279
202212 1.446 145.763 1.518
202303 1.261 146.865 1.314
202306 1.626 150.280 1.656
202309 1.405 151.492 1.419
202312 1.743 152.924 1.744
202403 1.573 153.035 1.573

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.


MakeMyTrip  (STU:MY1) 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.


MakeMyTrip Cyclically Adjusted PS Ratio Related Terms

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


MakeMyTrip (STU:MY1) Business Description

Traded in Other Exchanges
Address
DLF Cyber City, DLF Phase 2, 19th Floor, Building No. 5, Tower B, Sector 25, Gurugram, HR, IND, 122002
MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.

MakeMyTrip (STU:MY1) Headlines

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