GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Investec Ltd (JSE:INL) » Definitions » Cyclically Adjusted PS Ratio

Investec (JSE:INL) Cyclically Adjusted PS Ratio : 5.55 (As of May. 28, 2024)


View and export this data going back to 1986. Start your Free Trial

What is Investec Cyclically Adjusted PS Ratio?

As of today (2024-05-28), Investec's current share price is R122.40. Investec's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar23 was R22.05. Investec's Cyclically Adjusted PS Ratio for today is 5.55.

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

JSE:INL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.4   Med: 2.82   Max: 5.71
Current: 5.71

During the past 13 years, Investec's highest Cyclically Adjusted PS Ratio was 5.71. The lowest was 1.40. And the median was 2.82.

JSE:INL's Cyclically Adjusted PS Ratio is ranked worse than
90.76% of 1190 companies
in the Banks industry
Industry Median: 2.4 vs JSE:INL: 5.71

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.

Investec's adjusted revenue per share data of for the fiscal year that ended in Mar23 was R21.572. 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 R22.05 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Investec Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Investec'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.

Investec Cyclically Adjusted PS Ratio Chart

Investec Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.57 1.67 2.11 4.46 4.45

Investec Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 4.46 - 4.45 -

Competitive Comparison of Investec's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Investec'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.


Investec's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Investec's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Investec 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=122.40/22.05
=5.55

* 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.

Investec's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Investec's adjusted Revenue per Share data for the fiscal year that ended in Mar23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=21.572/147.5864*147.5864
=21.572

Current CPI (Mar23) = 147.5864.

Investec Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201403 14.131 94.723 22.017
201503 16.552 98.538 24.791
201603 19.252 104.969 27.068
201703 19.098 111.400 25.302
201803 18.676 115.542 23.856
201903 15.348 120.774 18.755
202003 16.456 125.679 19.324
202103 14.835 129.628 16.890
202203 19.465 137.594 20.879
202303 21.572 147.586 21.572

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.


Investec  (JSE:INL) 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.


Investec Cyclically Adjusted PS Ratio Related Terms

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


Investec (JSE:INL) Business Description

Industry
Traded in Other Exchanges
Address
100 Grayston Drive, P.O. Box 785700, Sandown, Sandton, Johannesburg, ZAF, 2196
Investec Ltd offers specialist banking and wealth & investment services. It provides Investment advisory services, wealth management, financial planning, stockbroking, lending, treasury solutions, transactional banking, investment activities and deposit raising activities.

Investec (JSE:INL) Headlines

No Headlines