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Petroleo Brasileiro Petrobras (FRA:PJX) Cyclically Adjusted PS Ratio : 1.12 (As of May. 07, 2024)


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What is Petroleo Brasileiro Petrobras Cyclically Adjusted PS Ratio?

As of today (2024-05-07), Petroleo Brasileiro Petrobras's current share price is €14.65. Petroleo Brasileiro Petrobras's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €13.07. Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio for today is 1.12.

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

FRA:PJX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.72   Max: 1.21
Current: 1.15

During the past years, Petroleo Brasileiro Petrobras's highest Cyclically Adjusted PS Ratio was 1.21. The lowest was 0.18. And the median was 0.72.

FRA:PJX's Cyclically Adjusted PS Ratio is ranked worse than
57.24% of 760 companies
in the Oil & Gas industry
Industry Median: 0.885 vs FRA:PJX: 1.15

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.

Petroleo Brasileiro Petrobras's adjusted revenue per share data for the three months ended in Dec. 2023 was €3.408. 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 €13.07 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Petroleo Brasileiro Petrobras Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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.

Petroleo Brasileiro Petrobras Cyclically Adjusted PS Ratio Chart

Petroleo Brasileiro Petrobras 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 1.05 0.96 0.93 0.78 1.07

Petroleo Brasileiro Petrobras Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.78 0.72 0.90 1.03 1.07

Competitive Comparison of Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio

For the Oil & Gas Integrated subindustry, Petroleo Brasileiro Petrobras'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.


Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Petroleo Brasileiro Petrobras 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.

Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.65/13.07
=1.12

* 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.

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

For example, Petroleo Brasileiro Petrobras'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)
=3.408/156.2729*156.2729
=3.408

Current CPI (Dec. 2023) = 156.2729.

Petroleo Brasileiro Petrobras Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.727 90.447 6.439
201406 4.322 91.838 7.354
201409 4.999 92.602 8.436
201412 5.280 94.194 8.760
201503 3.789 97.799 6.054
201506 3.567 100.006 5.574
201509 3.644 101.392 5.616
201512 2.905 104.247 4.355
201603 2.414 106.979 3.526
201606 2.630 108.851 3.776
201609 2.954 109.986 4.197
201612 3.004 110.802 4.237
201703 3.139 111.869 4.385
201706 2.850 112.115 3.973
201709 2.968 112.777 4.113
201712 1.979 114.068 2.711
201803 2.879 114.868 3.917
201806 2.791 117.038 3.727
201809 2.921 117.881 3.872
201812 2.540 118.340 3.354
201903 2.607 120.124 3.392
201906 2.488 120.977 3.214
201909 2.730 121.292 3.517
201912 2.430 123.436 3.076
202003 2.529 124.092 3.185
202006 1.345 123.557 1.701
202009 1.786 125.095 2.231
202012 1.348 129.012 1.633
202103 2.072 131.660 2.459
202106 2.633 133.871 3.074
202109 3.110 137.913 3.524
202112 3.438 141.992 3.784
202203 3.630 146.537 3.871
202206 5.169 149.784 5.393
202209 5.168 147.800 5.464
202212 4.112 150.207 4.278
202303 3.751 153.352 3.822
202306 3.255 154.519 3.292
202309 3.746 155.464 3.766
202312 3.408 156.273 3.408

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.


Petroleo Brasileiro Petrobras  (FRA:PJX) 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.


Petroleo Brasileiro Petrobras Cyclically Adjusted PS Ratio Related Terms

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


Petroleo Brasileiro Petrobras (FRA:PJX) Business Description

Address
Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.

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