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Terna SpA (STU:UEI) Cyclically Adjusted PS Ratio : 5.87 (As of Apr. 27, 2024)


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What is Terna SpA Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Terna SpA's current share price is €7.34. Terna SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was €1.25. Terna SpA's Cyclically Adjusted PS Ratio for today is 5.87.

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

STU:UEI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.67   Med: 5.77   Max: 7.11
Current: 5.57

During the past years, Terna SpA's highest Cyclically Adjusted PS Ratio was 7.11. The lowest was 4.67. And the median was 5.77.

STU:UEI's Cyclically Adjusted PS Ratio is ranked worse than
94.53% of 439 companies
in the Utilities - Regulated industry
Industry Median: 1.27 vs STU:UEI: 5.57

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.

Terna SpA's adjusted revenue per share data for the three months ended in Sep. 2023 was €0.380. 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 €1.25 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Terna SpA Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Terna SpA'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.

Terna SpA Cyclically Adjusted PS Ratio Chart

Terna SpA 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 5.94 6.04 6.38 5.35 -

Terna SpA 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 5.35 5.84 5.93 5.35 -

Competitive Comparison of Terna SpA's Cyclically Adjusted PS Ratio

For the Utilities - Regulated Electric subindustry, Terna SpA'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.


Terna SpA's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Terna SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Terna SpA 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.

Terna SpA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.34/1.25
=5.87

* 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.

Terna SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Terna SpA's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.38/120.3000*120.3000
=0.380

Current CPI (Sep. 2023) = 120.3000.

Terna SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 0.252 99.721 0.304
201403 0.225 99.907 0.271
201406 0.234 100.093 0.281
201409 0.228 99.814 0.275
201412 0.288 99.721 0.347
201503 0.238 99.814 0.287
201506 0.244 100.279 0.293
201509 0.228 100.000 0.274
201512 0.321 99.814 0.387
201603 0.230 99.600 0.278
201606 0.272 99.900 0.328
201609 0.254 100.100 0.305
201612 0.240 100.300 0.288
201703 0.261 101.000 0.311
201706 0.249 101.100 0.296
201709 0.261 101.200 0.310
201712 0.305 101.200 0.363
201803 0.260 101.800 0.307
201806 0.286 102.400 0.336
201809 0.270 102.600 0.317
201812 0.337 102.300 0.396
201903 0.267 102.800 0.312
201906 0.285 103.100 0.333
201909 0.282 102.900 0.330
201912 0.314 102.800 0.367
202003 0.282 102.900 0.330
202006 0.297 102.900 0.347
202009 0.297 102.300 0.349
202012 0.298 102.600 0.349
202103 0.307 103.700 0.356
202106 0.303 104.200 0.350
202109 0.316 104.900 0.362
202112 0.327 106.600 0.369
202203 0.321 110.400 0.350
202206 0.326 112.500 0.349
202209 0.330 114.200 0.348
202212 0.455 119.000 0.460
202303 0.355 118.800 0.359
202306 0.370 119.700 0.372
202309 0.380 120.300 0.380

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.


Terna SpA  (STU:UEI) 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.


Terna SpA Cyclically Adjusted PS Ratio Related Terms

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


Terna SpA (STU:UEI) Business Description

Industry
Address
Viale Egidio Galbani, 70, Rome, ITA, 00156
Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.

Terna SpA (STU:UEI) Headlines

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