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Infosys (BSP:I1FO34) Cyclically Adjusted PS Ratio : 5.84 (As of Jun. 07, 2024)


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What is Infosys Cyclically Adjusted PS Ratio?

As of today (2024-06-07), Infosys's current share price is R$45.00. Infosys's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$7.71. Infosys's Cyclically Adjusted PS Ratio for today is 5.84.

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

BSP:I1FO34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.62   Med: 5.67   Max: 9.51
Current: 5.57

During the past years, Infosys's highest Cyclically Adjusted PS Ratio was 9.51. The lowest was 3.62. And the median was 5.67.

BSP:I1FO34's Cyclically Adjusted PS Ratio is ranked worse than
79.74% of 1461 companies
in the Software industry
Industry Median: 1.82 vs BSP:I1FO34: 5.57

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.

Infosys's adjusted revenue per share data for the three months ended in Dec. 2023 was R$5.611. 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$7.71 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Infosys Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Infosys'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.

Infosys Cyclically Adjusted PS Ratio Chart

Infosys Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.97 7.47 9.16 5.95 -

Infosys 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 5.95 5.34 5.59 5.84 -

Competitive Comparison of Infosys's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, Infosys'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.


Infosys's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Infosys's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Infosys 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=45.00/7.71
=5.84

* 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.

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

For example, Infosys'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)
=5.611/152.9243*152.9243
=5.611

Current CPI (Dec. 2023) = 152.9243.

Infosys Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.064 91.425 1.780
201406 1.043 94.103 1.695
201409 1.126 96.780 1.779
201412 1.282 96.780 2.026
201503 1.484 97.163 2.336
201506 1.536 99.841 2.353
201509 2.042 101.753 3.069
201512 2.043 102.901 3.036
201603 1.979 102.518 2.952
201606 1.873 105.961 2.703
201609 1.841 105.961 2.657
201612 1.871 105.196 2.720
201703 1.756 105.196 2.553
201706 1.910 107.109 2.727
201709 1.868 109.021 2.620
201712 1.994 109.404 2.787
201803 2.112 109.786 2.942
201806 2.454 111.317 3.371
201809 2.758 115.142 3.663
201812 2.665 115.142 3.539
201903 2.697 118.202 3.489
201906 2.802 120.880 3.545
201909 3.107 123.175 3.857
201912 3.190 126.235 3.864
202003 3.615 124.705 4.433
202006 3.773 127.000 4.543
202009 4.209 130.118 4.947
202012 4.256 130.889 4.972
202103 4.786 131.771 5.554
202106 4.471 134.084 5.099
202109 4.895 135.847 5.510
202112 5.724 138.161 6.336
202203 5.069 138.822 5.584
202206 5.209 142.347 5.596
202209 5.687 144.661 6.012
202212 5.804 145.763 6.089
202303 5.803 146.865 6.042
202306 5.262 150.280 5.355
202309 5.624 151.492 5.677
202312 5.611 152.924 5.611

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.


Infosys  (BSP:I1FO34) 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.


Infosys Cyclically Adjusted PS Ratio Related Terms

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


Infosys (BSP:I1FO34) Business Description

Industry
Address
44, Infosys Avenue, Hosur Road, Electronics City, Bengaluru, KA, IND, 560 100
Infosys is a leading global IT services provider, with nearly 250,000 employees. Based in Bangalore, the Indian IT services firm leverages its offshore outsourcing model to derive 60% of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services and cloud infrastructure services, and business process outsourcing as a service (BPaaS).

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