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Spire Healthcare Group (LSE:SPI) Cyclically Adjusted PS Ratio : 0.83 (As of Jun. 09, 2024)


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What is Spire Healthcare Group Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Spire Healthcare Group's current share price is £2.50. Spire Healthcare Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was £3.01. Spire Healthcare Group's Cyclically Adjusted PS Ratio for today is 0.83.

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

LSE:SPI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.63   Med: 0.85   Max: 1.08
Current: 0.83

During the past 13 years, Spire Healthcare Group's highest Cyclically Adjusted PS Ratio was 1.08. The lowest was 0.63. And the median was 0.85.

LSE:SPI's Cyclically Adjusted PS Ratio is ranked better than
60.76% of 344 companies
in the Healthcare Providers & Services industry
Industry Median: 1.19 vs LSE:SPI: 0.83

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.

Spire Healthcare Group's adjusted revenue per share data of for the fiscal year that ended in Dec23 was £3.289. 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 £3.01 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spire Healthcare Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Spire Healthcare 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.

Spire Healthcare Group Cyclically Adjusted PS Ratio Chart

Spire Healthcare Group 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 - 0.66 0.99 0.81 0.75

Spire Healthcare Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.99 - 0.81 - 0.75

Competitive Comparison of Spire Healthcare Group's Cyclically Adjusted PS Ratio

For the Medical Care Facilities subindustry, Spire Healthcare 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.


Spire Healthcare Group's Cyclically Adjusted PS Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Spire Healthcare Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Spire Healthcare 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.

Spire Healthcare Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.50/3.01
=0.83

* 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.

Spire Healthcare Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Spire Healthcare Group's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=3.289/130.5000*130.5000
=3.289

Current CPI (Dec23) = 130.5000.

Spire Healthcare Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 2.692 99.900 3.517
201512 2.201 100.400 2.861
201612 2.307 102.200 2.946
201712 2.321 105.000 2.885
201812 2.316 107.100 2.822
201912 2.408 108.500 2.896
202012 2.295 109.400 2.738
202112 2.760 114.700 3.140
202212 2.909 125.300 3.030
202312 3.289 130.500 3.289

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.


Spire Healthcare Group  (LSE:SPI) 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.


Spire Healthcare Group Cyclically Adjusted PS Ratio Related Terms

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


Spire Healthcare Group (LSE:SPI) Business Description

Traded in Other Exchanges
Address
3 Dorset Rise, London, GBR, EC4Y 8EN
Spire Healthcare Group PLC is an independent hospital group in the United Kingdom, with 40 private hospitals and eight clinics. It is a private provider, by volume, of knee and hip operations in the United Kingdom. The Group is a well-located and scalable hospital have delivered successful and award-winning clinical outcomes, positioning the Group well with patients, Consultants, the NHS, GPs and Private Medical Insurance providers. It treats patients through a variety of routes including PMI, Self-pay and the NHS, providing the Group with diversified access to the expected growth opportunities in the UK healthcare market, which faces significant supply challenges as a result of NHS budget constraints and increasing demand from a growing population with longer life expectancy.