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Azul (BSP:AZUL4) Cyclically Adjusted PS Ratio : 0.25 (As of Jun. 08, 2024)


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What is Azul Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Azul's current share price is R$9.23. Azul's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$36.74. Azul's Cyclically Adjusted PS Ratio for today is 0.25.

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

BSP:AZUL4' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.4   Max: 0.65
Current: 0.25

During the past years, Azul's highest Cyclically Adjusted PS Ratio was 0.65. The lowest was 0.25. And the median was 0.40.

BSP:AZUL4's Cyclically Adjusted PS Ratio is ranked better than
83.99% of 737 companies
in the Transportation industry
Industry Median: 0.84 vs BSP:AZUL4: 0.25

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.

Azul's adjusted revenue per share data for the three months ended in Mar. 2024 was R$13.465. 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 R$36.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Azul Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Azul'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.

Azul Cyclically Adjusted PS Ratio Chart

Azul 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 - - - - 0.45

Azul 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 - 0.65 0.42 0.45 0.35

Competitive Comparison of Azul's Cyclically Adjusted PS Ratio

For the Airlines subindustry, Azul'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.


Azul's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Azul's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Azul 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.23/36.74
=0.25

* 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.

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

For example, Azul'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)
=13.465/159.3724*159.3724
=13.465

Current CPI (Mar. 2024) = 159.3724.

Azul Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201212 0.000 83.581 0.000
201303 3.772 85.205 7.055
201309 4.204 86.749 7.723
201312 4.257 88.522 7.664
201409 4.455 92.602 7.667
201412 4.725 94.194 7.995
201512 0.000 104.247 0.000
201603 5.057 106.979 7.534
201606 4.376 108.851 6.407
201609 5.264 109.986 7.628
201612 5.518 110.802 7.937
201703 5.693 111.869 8.110
201706 5.033 112.115 7.154
201709 5.891 112.777 8.325
201712 6.542 114.068 9.140
201803 6.430 114.868 8.921
201806 5.835 117.038 7.946
201809 7.006 117.881 9.472
201812 7.249 118.340 9.762
201903 7.398 120.124 9.815
201906 7.601 120.977 10.013
201909 8.818 121.292 11.586
201912 9.522 123.436 12.294
202003 8.194 124.092 10.524
202006 1.141 123.557 1.472
202009 2.354 125.095 2.999
202012 5.046 129.012 6.233
202103 4.483 131.660 5.427
202106 4.193 133.871 4.992
202109 6.696 137.913 7.738
202112 10.789 141.992 12.110
202203 9.195 146.537 10.000
202206 11.278 149.784 12.000
202209 12.577 147.800 13.562
202212 12.810 150.207 13.592
202303 12.868 153.352 13.373
202306 12.224 154.519 12.608
202309 14.124 155.464 14.479
202312 14.067 157.148 14.266
202403 13.465 159.372 13.465

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.


Azul  (BSP:AZUL4) 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.


Azul Cyclically Adjusted PS Ratio Related Terms

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


Azul (BSP:AZUL4) Business Description

Industry
Traded in Other Exchanges
Address
Marcos Penteado de Ulhoa Rodrigues, 939, Edificio Jatoba, 8th Floor, Castelo Branco Office Park, Tambore, Barueri, Sao Paulo, SP, BRA, 06460-040
Azul SA is involved in the operation of regular and non-regular airline passenger services, cargo or mail, passenger charter, provision of maintenance and hangarage services for aircraft, engines, parts and pieces, aircraft acquisition and lease, development of frequent-flyer programs, development of related activities and equity holding in other companies.

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