Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.
Veresen does not have a history long enough to calculate Cyclically Adjusted Revenue per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PS Ratio for this company.
Shiller PE for Stocks: The True Measure of Stock Valuation
Veresen Cyclically Adjusted PS Ratio Historical Data
The historical data trend for Veresen'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.
Competitive Comparison of Veresen's Cyclically Adjusted PS Ratio
For the Oil & Gas Midstream subindustry, Veresen'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.
Veresen's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Veresen's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Veresen's Cyclically Adjusted PS Ratio falls into.
Veresen 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.
Veresen does not have a history long enough to calculate Cyclically Adjusted Revenue per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PS Ratio for this company.
Veresen (TSX:VSN.PR.A.PFD) 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.
Veresen Cyclically Adjusted PS Ratio Related Terms
Thank you for viewing the detailed overview of Veresen's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Veresen Inc is an energy infrastructure company based in Calgary, Alberta, Canada. It owns and operates energy infrastructure assets across North America. The Company operates in three business segments, Pipelines, Midstream, and Power. The Company's Pipelines segment owns a 1,330-kilometre pipeline system that transports purity ethane from various Alberta ethane extraction plants to Alberta's major petrochemical complexes located near Joffre and Fort Saskatchewan, Alberta; and also owns a 3,000-kilometre natural gas pipeline comprised of a mainline and various connecting lateral pipelines. This pipeline extends from northeastern B.C. to points near Chicago, Illinois. It's Midstream Business segment is comprised of two natural gas processing plants with combined functional capacity of 516 mmcf/d, as well as approximately 40,000 horsepower of compression and 370 km of gas gathering lines and is located in the Cutbank Ridge region of Alberta and British Columbia. The Hythe plant processes both sour and sweet natural gas, while the Steeprock plant is a sour gas processing facility. While, its Power Business segment operates, a Gas-Fired Generation facility consisting of an 86-MW cogeneration facility located in Windsor, Ontario; 17-MW cogeneration facility located in London, Ontario; 49-MW cogeneration facility located in Ripon, California; 44-MW cogeneration facility located in Pomona, California; and 70-MW combined cycle power cogeneration facility located in Brush, Colorado; an district energy system that produces and distributes steam and chilled water fueled primarily by natural gas, located in London, Ontario; and a district energy system that produces and distributes steam, hot water and electricity fueled primarily by biomass and waste fuel, located in Charlottetown, P.E.I.; a Run-of-River Hydro facility that produces a 33-MW run-of-river hydroelectric power located on the Black River near Watertown, New York; an 11-MW run-of-river power facility located 30 km north of Vancouver, B.C.; two 5-MW waste-heat power generation facilities located at Spectra pipeline's 150 Mile House and Savona, B.C. compressor stations; and a 33-MW wind project under construction in the County of Huron, Ontario; and also operates two wind power facilities, 9-MW and 11-MW, respectively, near Grand Valley, Ontario.
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