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Begbies Traynor Group (LSE:BEG) Cyclically Adjusted PS Ratio : 1.63 (As of Jun. 08, 2024)


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What is Begbies Traynor Group Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Begbies Traynor Group's current share price is £1.04. Begbies Traynor Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Apr23 was £0.64. Begbies Traynor Group's Cyclically Adjusted PS Ratio for today is 1.63.

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

LSE:BEG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.5   Med: 1.14   Max: 2.6
Current: 1.63

During the past 13 years, Begbies Traynor Group's highest Cyclically Adjusted PS Ratio was 2.60. The lowest was 0.50. And the median was 1.14.

LSE:BEG's Cyclically Adjusted PS Ratio is ranked worse than
67.97% of 693 companies
in the Business Services industry
Industry Median: 0.89 vs LSE:BEG: 1.63

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.

Begbies Traynor Group's adjusted revenue per share data of for the fiscal year that ended in Apr23 was £0.751. 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 £0.64 for the trailing ten years ended in Apr23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Begbies Traynor Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Begbies Traynor Group'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.

Begbies Traynor Group Cyclically Adjusted PS Ratio Chart

Begbies Traynor Group Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 1.82 2.12 1.99 2.05

Begbies Traynor Group Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 - 1.99 - 2.05 -

Competitive Comparison of Begbies Traynor Group's Cyclically Adjusted PS Ratio

For the Specialty Business Services subindustry, Begbies Traynor Group'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.


Begbies Traynor Group's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Begbies Traynor Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Begbies Traynor Group 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.

Begbies Traynor Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.04/0.64
=1.63

* 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.

Begbies Traynor Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Apr23 is calculated as:

For example, Begbies Traynor Group's adjusted Revenue per Share data for the fiscal year that ended in Apr23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr23 (Change)*Current CPI (Apr23)
=0.751/128.3000*128.3000
=0.751

Current CPI (Apr23) = 128.3000.

Begbies Traynor Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201404 0.484 99.600 0.623
201504 0.467 99.900 0.600
201604 0.461 100.600 0.588
201704 0.449 103.200 0.558
201804 0.462 105.500 0.562
201904 0.516 107.600 0.615
202004 0.554 108.600 0.654
202104 0.610 110.400 0.709
202204 0.685 119.000 0.739
202304 0.751 128.300 0.751

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.


Begbies Traynor Group  (LSE:BEG) 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.


Begbies Traynor Group Cyclically Adjusted PS Ratio Related Terms

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Begbies Traynor Group (LSE:BEG) Business Description

Traded in Other Exchanges
Address
340 Deansgate, Manchester, GBR, M3 4LY
Begbies Traynor Group PLC is a professional services consultancy. It provides insolvency, restructuring and consultancy services to businesses, professional advisors, and financial institutions. It provides professional services, such as business rescue options, advisory options, forensic accounting and investigations, corporate and commercial finance, personal insolvency solutions and services to banking, legal, and accounting sectors. The company is managed as two operating segments: insolvency and advisory services, and property advisory and transactional services. The group generates the majority of its revenue from insolvency and advisory services. The group's principal operations and markets are in the UK.

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