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MSCI (WBO:MSCI) Cyclically Adjusted PS Ratio : 22.21 (As of Apr. 28, 2024)


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What is MSCI Cyclically Adjusted PS Ratio?

As of today (2024-04-28), MSCI's current share price is €442.20. MSCI's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €19.91. MSCI's Cyclically Adjusted PS Ratio for today is 22.21.

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

WBO:MSCI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.01   Med: 21.73   Max: 47.07
Current: 22.17

During the past years, MSCI's highest Cyclically Adjusted PS Ratio was 47.07. The lowest was 7.01. And the median was 21.73.

WBO:MSCI's Cyclically Adjusted PS Ratio is ranked worse than
93.23% of 576 companies
in the Capital Markets industry
Industry Median: 2.985 vs WBO:MSCI: 22.17

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.

MSCI's adjusted revenue per share data for the three months ended in Mar. 2024 was €7.868. 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 €19.91 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MSCI Cyclically Adjusted PS Ratio Historical Data

The historical data trend for MSCI'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.

MSCI Cyclically Adjusted PS Ratio Chart

MSCI 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 22.89 35.00 40.18 25.61 26.99

MSCI 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 29.50 23.81 25.13 26.99 26.01

Competitive Comparison of MSCI's Cyclically Adjusted PS Ratio

For the Financial Data & Stock Exchanges subindustry, MSCI'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.


MSCI's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MSCI's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



MSCI 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=442.20/19.91
=22.21

* 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.

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

For example, MSCI'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)
=7.868/129.4194*129.4194
=7.868

Current CPI (Mar. 2024) = 129.4194.

MSCI Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.590 100.560 2.046
201409 1.667 100.428 2.148
201412 1.796 99.070 2.346
201503 2.139 99.621 2.779
201506 2.135 100.684 2.744
201509 2.188 100.392 2.821
201512 2.412 99.792 3.128
201603 2.504 100.470 3.225
201606 2.669 101.688 3.397
201609 2.692 101.861 3.420
201612 2.959 101.863 3.759
201703 3.074 102.862 3.868
201706 3.068 103.349 3.842
201709 2.942 104.136 3.656
201712 3.059 104.011 3.806
201803 3.077 105.290 3.782
201806 3.393 106.317 4.130
201809 3.357 106.507 4.079
201812 3.818 105.998 4.662
201903 3.837 107.251 4.630
201906 3.996 108.070 4.785
201909 4.184 108.329 4.999
201912 4.278 108.420 5.107
202003 4.409 108.902 5.240
202006 4.312 108.767 5.131
202009 4.275 109.815 5.038
202012 4.357 109.897 5.131
202103 4.813 111.754 5.574
202106 4.964 114.631 5.604
202109 5.260 115.734 5.882
202112 5.822 117.630 6.406
202203 6.179 121.301 6.593
202206 6.421 125.017 6.647
202209 7.002 125.227 7.236
202212 6.764 125.222 6.991
202303 6.873 127.348 6.985
202306 7.175 128.729 7.213
202309 7.372 129.860 7.347
202312 7.961 129.419 7.961
202403 7.868 129.419 7.868

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.


MSCI  (WBO:MSCI) 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.


MSCI Cyclically Adjusted PS Ratio Related Terms

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


MSCI (WBO:MSCI) Business Description

Traded in Other Exchanges
Address
250 Greenwich Street, 49th Floor, 7 World Trade Center, New York, NY, USA, 10007
MSCI describes its mission as enabling investors to build better portfolios for a better world. MSCI's largest and most profitable segment is its index segment, where it provides benchmarking to asset managers and asset owners. In addition, it boasts over $1.3 trillion in ETF assets linked to MSCI indexes. The MSCI analytics segment provides portfolio management and risk management analytics software to asset managers and asset owners. MSCI's all other segment was broken out into ESG and climate and private assets segments in 2021. In ESG and climate, MSCI provides ESG data to the investment industry. In private assets, MSCI provides real restate reporting, market data, benchmarking, and analytics to investors and real estate managers.