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Coface (XPAR:COFA) Cyclically Adjusted PS Ratio : 1.47 (As of Apr. 27, 2024)


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What is Coface Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Coface's current share price is €14.46. Coface's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was €9.82. Coface's Cyclically Adjusted PS Ratio for today is 1.47.

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

XPAR:COFA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.05   Med: 1.27   Max: 1.51
Current: 1.47

During the past years, Coface's highest Cyclically Adjusted PS Ratio was 1.51. The lowest was 1.05. And the median was 1.27.

XPAR:COFA's Cyclically Adjusted PS Ratio is ranked worse than
67.08% of 404 companies
in the Insurance industry
Industry Median: 0.975 vs XPAR:COFA: 1.47

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.

Coface's adjusted revenue per share data for the three months ended in Sep. 2023 was €2.675. 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 €9.82 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coface Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Coface'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.

Coface Cyclically Adjusted PS Ratio Chart

Coface Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.45 1.29

Coface Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 1.07 1.29 1.35 1.30 1.23

Competitive Comparison of Coface's Cyclically Adjusted PS Ratio

For the Insurance - Reinsurance subindustry, Coface'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.


Coface's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

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

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



Coface 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.46/9.82
=1.47

* 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.

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

For example, Coface'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)
=2.675/118.2600*118.2600
=2.675

Current CPI (Sep. 2023) = 118.2600.

Coface Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 2.050 99.800 2.429
201403 2.111 100.240 2.490
201406 2.084 100.180 2.460
201409 2.028 99.920 2.400
201412 2.146 99.860 2.541
201503 2.263 100.170 2.672
201506 2.182 100.440 2.569
201509 2.164 99.950 2.560
201512 2.110 100.040 2.494
201603 2.400 100.020 2.838
201606 1.782 100.630 2.094
201609 2.889 100.340 3.405
201612 1.201 100.650 1.411
201703 2.255 101.170 2.636
201706 1.717 101.320 2.004
201709 2.819 101.330 3.290
201712 1.060 101.850 1.231
201803 2.256 102.750 2.597
201806 1.587 103.370 1.816
201809 3.129 103.560 3.573
201812 1.084 103.470 1.239
201903 2.453 103.890 2.792
201906 1.822 104.580 2.060
201909 3.200 104.500 3.621
201912 1.169 104.980 1.317
202003 2.476 104.590 2.800
202006 1.431 104.790 1.615
202009 3.431 104.550 3.881
202012 0.066 104.960 0.074
202103 2.575 105.750 2.880
202106 1.333 106.340 1.482
202109 4.073 106.810 4.510
202112 0.623 107.850 0.683
202203 2.536 110.490 2.714
202206 2.516 112.550 2.644
202209 2.794 112.740 2.931
202212 3.152 114.160 3.265
202303 2.726 116.790 2.760
202306 2.715 117.650 2.729
202309 2.675 118.260 2.675

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.


Coface  (XPAR:COFA) 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.


Coface Cyclically Adjusted PS Ratio Related Terms

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


Coface (XPAR:COFA) Business Description

Industry
Traded in Other Exchanges
Address
1, place Costes et Bellonte, CS 20003, Bois-Colombes, FRA, 92270
Coface SA is a property and casualty insurance company. The vast majority of its revenue is generated by its group reinsurance business. Most of the company's sales are generated in Europe. The company offers credit insurance products to protect companies against potentially uncollected payments from their customers. Coface's strategy focuses on risk management. The company considers merger and acquisition investment as a component of its operational growth strategy.

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