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Calpine (FRA:CJ3A) Cyclically Adjusted PS Ratio : (As of May. 21, 2024)


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What is Calpine Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Calpine Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Calpine'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.

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Calpine Cyclically Adjusted PS Ratio Chart

Calpine Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PS Ratio
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Calpine Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
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Competitive Comparison of Calpine's Cyclically Adjusted PS Ratio

For the Utilities - Independent Power Producers subindustry, Calpine'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.


Calpine's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Calpine's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Calpine 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.

Calpine's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2017 is calculated as:

For example, Calpine's adjusted Revenue per Share data for the three months ended in Dec. 2017 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2017 (Change)*Current CPI (Dec. 2017)
=4.221/104.0111*104.0111
=4.221

Current CPI (Dec. 2017) = 104.0111.

Calpine Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200803 2.591 90.090 2.991
200806 3.744 92.320 4.218
200809 4.577 92.307 5.157
200812 2.848 88.697 3.340
200903 2.645 89.744 3.065
200906 2.124 91.003 2.428
200909 2.569 91.120 2.932
200912 2.176 91.111 2.484
201003 2.296 91.821 2.601
201006 2.407 91.962 2.722
201009 3.334 92.162 3.763
201012 2.281 92.474 2.566
201103 2.198 94.283 2.425
201106 2.330 95.235 2.545
201109 3.284 95.727 3.568
201112 2.298 95.213 2.510
201203 1.957 96.783 2.103
201206 1.486 96.819 1.596
201209 3.324 97.633 3.541
201212 2.250 96.871 2.416
201303 2.121 98.209 2.246
201306 2.662 98.518 2.810
201309 3.497 98.790 3.682
201312 2.422 98.326 2.562
201403 3.382 99.695 3.528
201406 3.387 100.560 3.503
201409 4.212 100.428 4.362
201412 4.040 99.070 4.242
201503 4.078 99.621 4.258
201506 3.473 100.684 3.588
201509 4.853 100.392 5.028
201512 3.696 99.792 3.852
201603 4.103 100.470 4.248
201606 2.926 101.688 2.993
201609 5.888 101.861 6.012
201612 4.177 101.863 4.265
201703 6.013 102.862 6.080
201706 5.219 103.349 5.252
201709 6.046 104.136 6.039
201712 4.221 104.011 4.221

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.


Calpine  (FRA:CJ3A) 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.


Calpine Cyclically Adjusted PS Ratio Related Terms

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


Calpine (FRA:CJ3A) Business Description

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Address
Calpine is the largest natural gas power producer in the United States, with 3.0 GW of simple-cycle combustion turbines, 6.3 GW of combined-cycle cogeneration, and 15.8 GW of combined-cycle combustion turbines. It also owns 725 MW of geothermal generation in California geothermal generation and 4 MW of solar generation.

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