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Pakistan Stock Exchange (KAR:PSX) Cyclically Adjusted PS Ratio : 8.40 (As of Jun. 10, 2024)


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What is Pakistan Stock Exchange Cyclically Adjusted PS Ratio?

As of today (2024-06-10), Pakistan Stock Exchange's current share price is ₨12.10. Pakistan Stock Exchange's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₨1.44. Pakistan Stock Exchange's Cyclically Adjusted PS Ratio for today is 8.40.

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

KAR:PSX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.43   Med: 6.41   Max: 9.76
Current: 8.4

During the past years, Pakistan Stock Exchange's highest Cyclically Adjusted PS Ratio was 9.76. The lowest was 5.43. And the median was 6.41.

KAR:PSX's Cyclically Adjusted PS Ratio is ranked worse than
79.56% of 592 companies
in the Capital Markets industry
Industry Median: 3.09 vs KAR:PSX: 8.40

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.

Pakistan Stock Exchange's adjusted revenue per share data for the three months ended in Mar. 2024 was ₨0.537. 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 ₨1.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pakistan Stock Exchange Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Pakistan Stock Exchange'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.

Pakistan Stock Exchange Cyclically Adjusted PS Ratio Chart

Pakistan Stock Exchange Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 5.65

Pakistan Stock Exchange 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 6.52 5.65 5.95 7.28 6.14

Competitive Comparison of Pakistan Stock Exchange's Cyclically Adjusted PS Ratio

For the Financial Data & Stock Exchanges subindustry, Pakistan Stock Exchange'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.


Pakistan Stock Exchange's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Pakistan Stock Exchange's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Pakistan Stock Exchange 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.

Pakistan Stock Exchange's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.10/1.44
=8.40

* 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.

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

For example, Pakistan Stock Exchange'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)
=0.537/131.7762*131.7762
=0.537

Current CPI (Mar. 2024) = 131.7762.

Pakistan Stock Exchange Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.221 100.560 0.290
201409 0.194 100.428 0.255
201412 0.191 99.070 0.254
201503 0.204 99.621 0.270
201506 0.256 100.684 0.335
201509 0.207 100.392 0.272
201512 0.185 99.792 0.244
201603 0.291 100.470 0.382
201606 0.225 101.688 0.292
201609 0.226 101.861 0.292
201612 0.262 101.863 0.339
201703 0.316 102.862 0.405
201706 0.288 103.349 0.367
201709 0.276 104.136 0.349
201712 0.195 104.011 0.247
201803 0.205 105.290 0.257
201806 0.215 106.317 0.266
201809 0.228 106.507 0.282
201812 0.217 105.998 0.270
201903 0.217 107.251 0.267
201906 0.255 108.070 0.311
201909 0.222 108.329 0.270
201912 0.264 108.420 0.321
202003 0.257 108.902 0.311
202006 0.248 108.767 0.300
202009 0.360 109.815 0.432
202012 0.355 109.897 0.426
202103 0.450 111.754 0.531
202106 0.488 114.631 0.561
202109 0.433 115.734 0.493
202112 0.407 117.630 0.456
202203 0.364 121.301 0.395
202206 0.400 125.017 0.422
202209 0.383 125.227 0.403
202212 0.391 125.222 0.411
202303 0.352 127.348 0.364
202306 0.377 128.729 0.386
202309 0.431 129.860 0.437
202312 0.699 129.419 0.712
202403 0.537 131.776 0.537

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.


Pakistan Stock Exchange  (KAR:PSX) 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.


Pakistan Stock Exchange Cyclically Adjusted PS Ratio Related Terms

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


Pakistan Stock Exchange (KAR:PSX) Business Description

Traded in Other Exchanges
N/A
Address
Stock Exchange Road, Stock Exchange Building, Karachi, SD, PAK, 74000
Pakistan Stock Exchange Ltd is engaged in conducting, regulating and controlling the trade or business of purchasing, selling and trading in debentures stock, government papers, shares, scrips, stocks, bonds, loans, and any other instruments and securities. The products of the company involve Equity Segments, known as Ready Market (T+2), Bills & Bonds (for trading in government debt securities & corporate debt), Futures Counter, Deliverable Futures Contracts, Stock Index Futures, Negotiated Deal Market, REIT, Exchange Traded Funds and GEM Board.

Pakistan Stock Exchange (KAR:PSX) Headlines

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