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Atco (TSX:ACO.Y) Cyclically Adjusted PS Ratio : 0.85 (As of Apr. 27, 2024)


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What is Atco Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Atco's current share price is C$38.50. Atco's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was C$45.52. Atco's Cyclically Adjusted PS Ratio for today is 0.85.

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

TSX:ACO.Y' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.14   Max: 1.72
Current: 0.85

During the past years, Atco's highest Cyclically Adjusted PS Ratio was 1.72. The lowest was 0.75. And the median was 1.14.

TSX:ACO.Y's Cyclically Adjusted PS Ratio is ranked better than
63.1% of 439 companies
in the Utilities - Regulated industry
Industry Median: 1.27 vs TSX:ACO.Y: 0.85

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.

Atco's adjusted revenue per share data for the three months ended in Dec. 2023 was C$10.838. 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 C$45.52 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Atco Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Atco'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.

Atco Cyclically Adjusted PS Ratio Chart

Atco 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 1.24 0.94 1.03 0.91 0.88

Atco 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 0.91 1.02 0.87 0.79 0.88

Competitive Comparison of Atco's Cyclically Adjusted PS Ratio

For the Utilities - Diversified subindustry, Atco'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.


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

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

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



Atco 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=38.50/45.52
=0.85

* 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.

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

For example, Atco'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)
=10.838/125.4675*125.4675
=10.838

Current CPI (Dec. 2023) = 125.4675.

Atco Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 10.612 98.604 13.503
201406 9.646 99.473 12.167
201409 8.984 99.394 11.341
201412 10.190 98.367 12.997
201503 9.287 99.789 11.677
201506 8.207 100.500 10.246
201509 8.539 100.421 10.669
201512 9.793 99.947 12.294
201603 9.192 101.054 11.413
201606 8.124 102.002 9.993
201609 8.040 101.765 9.913
201612 9.861 101.449 12.196
201703 9.782 102.634 11.958
201706 9.308 103.029 11.335
201709 9.248 103.345 11.228
201712 11.724 103.345 14.234
201803 13.071 105.004 15.618
201806 9.606 105.557 11.418
201809 9.676 105.636 11.493
201812 10.231 105.399 12.179
201903 11.541 106.979 13.536
201906 9.605 107.690 11.191
201909 9.559 107.611 11.145
201912 10.296 107.769 11.987
202003 9.204 107.927 10.700
202006 8.179 108.401 9.467
202009 7.821 108.164 9.072
202012 9.175 108.559 10.604
202103 9.358 110.298 10.645
202106 8.472 111.720 9.515
202109 8.541 112.905 9.491
202112 11.105 113.774 12.246
202203 11.457 117.646 12.219
202206 10.142 120.806 10.533
202209 10.136 120.648 10.541
202212 11.830 120.964 12.270
202303 11.920 122.702 12.189
202306 9.735 124.203 9.834
202309 9.332 125.230 9.350
202312 10.838 125.468 10.838

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.


Atco  (TSX:ACO.Y) 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.


Atco Cyclically Adjusted PS Ratio Related Terms

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


Atco (TSX:ACO.Y) Business Description

Industry
Traded in Other Exchanges
Address
5302 Forand Street SW, 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4
Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco's primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.

Atco (TSX:ACO.Y) Headlines

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