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Khandwala Securities (NSE:KHANDSE) Cyclically Adjusted PS Ratio : 6.26 (As of May. 17, 2024)


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What is Khandwala Securities Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Khandwala Securities's current share price is ₹28.40. Khandwala Securities's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ₹4.54. Khandwala Securities's Cyclically Adjusted PS Ratio for today is 6.26.

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

NSE:KHANDSE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.93   Med: 6.67   Max: 9.37
Current: 6.1

During the past years, Khandwala Securities's highest Cyclically Adjusted PS Ratio was 9.37. The lowest was 4.93. And the median was 6.67.

NSE:KHANDSE's Cyclically Adjusted PS Ratio is ranked worse than
69.48% of 580 companies
in the Capital Markets industry
Industry Median: 3.135 vs NSE:KHANDSE: 6.10

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.

Khandwala Securities's adjusted revenue per share data for the three months ended in Dec. 2023 was ₹1.454. 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 ₹4.54 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Khandwala Securities Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Khandwala Securities'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.

Khandwala Securities Cyclically Adjusted PS Ratio Chart

Khandwala Securities 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 - - - 4.79 5.21

Khandwala Securities 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 7.55 5.21 6.95 5.79 5.66

Competitive Comparison of Khandwala Securities's Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, Khandwala Securities'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.


Khandwala Securities's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

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

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



Khandwala Securities 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.

Khandwala Securities's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=28.40/4.54
=6.26

* 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.

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

For example, Khandwala Securities'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)
=1.454/152.9243*152.9243
=1.454

Current CPI (Dec. 2023) = 152.9243.

Khandwala Securities Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201212 0.788 83.774 1.438
201303 0.720 85.687 1.285
201306 0.698 88.365 1.208
201309 0.800 91.042 1.344
201312 0.725 91.425 1.213
201403 0.781 91.425 1.306
201406 1.289 94.103 2.095
201409 0.747 96.780 1.180
201412 0.782 96.780 1.236
201503 0.879 97.163 1.383
201506 0.785 99.841 1.202
201509 0.740 101.753 1.112
201512 0.408 102.901 0.606
201603 0.652 102.518 0.973
201606 0.726 105.961 1.048
201609 0.940 105.961 1.357
201703 1.148 105.196 1.669
201803 0.491 109.786 0.684
201809 0.822 115.142 1.092
201812 0.673 115.142 0.894
201903 0.388 118.202 0.502
201906 0.632 120.880 0.800
201909 0.409 123.175 0.508
201912 0.813 126.235 0.985
202003 0.425 124.705 0.521
202006 0.813 127.000 0.979
202009 0.517 130.118 0.608
202012 0.593 130.889 0.693
202103 1.199 131.771 1.391
202106 1.299 134.084 1.482
202109 0.957 135.847 1.077
202112 0.954 138.161 1.056
202203 1.854 138.822 2.042
202206 0.609 142.347 0.654
202209 0.505 144.661 0.534
202212 2.212 145.763 2.321
202303 0.900 146.865 0.937
202306 1.256 150.280 1.278
202309 1.016 151.492 1.026
202312 1.454 152.924 1.454

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.


Khandwala Securities  (NSE:KHANDSE) 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.


Khandwala Securities Cyclically Adjusted PS Ratio Related Terms

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


Khandwala Securities (NSE:KHANDSE) Business Description

Traded in Other Exchanges
Address
Green Street, Ground Floor, Vikas Building, Fort, Mumbai, MH, IND, 400 023
Khandwala Securities Ltd is engaged in the capital market business sector. The company offers services in the fields of institutional equity; investment banking; investment advisory; private wealth and portfolio management. The company is organized into two segments - Fee-based and Investment/Trading In Stock. The Company has considered these two divisions as its business segments. The Fee-based division provides financial advisory services relating to mergers and acquisitions, equity and debt issue management, portfolio management, and broking. The investment and Stock division carries out trading, investing, and speculation activities in capital markets (debt and equity) for the company.

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