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MercadoLibre (BSP:MELI34) Cyclically Adjusted PS Ratio : 16.15 (As of Jun. 06, 2024)


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What is MercadoLibre Cyclically Adjusted PS Ratio?

As of today (2024-06-06), MercadoLibre's current share price is R$70.73. MercadoLibre's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$4.38. MercadoLibre's Cyclically Adjusted PS Ratio for today is 16.15.

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

BSP:MELI34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 11.84   Med: 22.18   Max: 72.56
Current: 15.37

During the past years, MercadoLibre's highest Cyclically Adjusted PS Ratio was 72.56. The lowest was 11.84. And the median was 22.18.

BSP:MELI34's Cyclically Adjusted PS Ratio is ranked worse than
99.48% of 768 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs BSP:MELI34: 15.37

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.

MercadoLibre's adjusted revenue per share data for the three months ended in Mar. 2024 was R$3.547. 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$4.38 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MercadoLibre Cyclically Adjusted PS Ratio Historical Data

The historical data trend for MercadoLibre'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.

MercadoLibre Cyclically Adjusted PS Ratio Chart

MercadoLibre 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 29.50 61.85 31.62 12.99 16.63

MercadoLibre 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 18.26 14.93 14.55 16.63 14.48

Competitive Comparison of MercadoLibre's Cyclically Adjusted PS Ratio

For the Internet Retail subindustry, MercadoLibre'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.


MercadoLibre's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MercadoLibre's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



MercadoLibre 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=70.73/4.38
=16.15

* 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.

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

For example, MercadoLibre'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)
=3.547/131.7762*131.7762
=3.547

Current CPI (Mar. 2024) = 131.7762.

MercadoLibre Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.056 100.560 0.073
201409 0.065 100.428 0.085
201412 0.080 99.070 0.106
201503 0.088 99.621 0.116
201506 0.091 100.684 0.119
201509 0.124 100.392 0.163
201512 0.132 99.792 0.174
201603 0.110 100.470 0.144
201606 0.129 101.688 0.167
201609 0.142 101.861 0.184
201612 0.162 101.863 0.210
201703 0.159 102.862 0.204
201706 0.177 103.349 0.226
201709 0.180 104.136 0.228
201712 0.223 104.011 0.283
201803 0.199 105.290 0.249
201806 0.239 106.317 0.296
201809 0.273 106.507 0.338
201812 0.306 105.998 0.380
201903 0.330 107.251 0.405
201906 0.355 108.070 0.433
201909 0.416 108.329 0.506
201912 0.464 108.420 0.564
202003 0.534 108.902 0.646
202006 0.764 108.767 0.926
202009 1.010 109.815 1.212
202012 1.143 109.897 1.371
202103 1.298 111.754 1.531
202106 1.432 114.631 1.646
202109 1.648 115.734 1.876
202112 2.010 117.630 2.252
202203 1.849 121.301 2.009
202206 2.169 125.017 2.286
202209 2.291 125.227 2.411
202212 2.559 125.222 2.693
202303 2.699 127.348 2.793
202306 2.700 128.729 2.764
202309 3.082 129.860 3.127
202312 3.282 129.419 3.342
202403 3.547 131.776 3.547

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.


MercadoLibre  (BSP:MELI34) 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.


MercadoLibre Cyclically Adjusted PS Ratio Related Terms

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


MercadoLibre (BSP:MELI34) Business Description

Address
WTC Free Zone, Dr. Luis Bonavita 1294, Of. 1733, Tower II, Montevideo, URY, 11300
MercadoLibre runs the largest e-commerce marketplace in Latin America, connecting a network of more than 148 million active users and 1 million active sellers as of the end of 2022 across an 18-country footprint. The company also operates a host of complementary businesses, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.

MercadoLibre (BSP:MELI34) Headlines

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