GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Freightways Group Ltd (NZSE:FRW) » Definitions » Cyclically Adjusted PS Ratio

Freightways Group (NZSE:FRW) Cyclically Adjusted PS Ratio : 1.92 (As of Jun. 10, 2024)


View and export this data going back to 2003. Start your Free Trial

What is Freightways Group Cyclically Adjusted PS Ratio?

As of today (2024-06-10), Freightways Group's current share price is NZ$8.00. Freightways Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun22 was NZ$4.17. Freightways Group's Cyclically Adjusted PS Ratio for today is 1.92.

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

NZSE:FRW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.74   Med: 2.52   Max: 3.73
Current: 1.89

During the past 13 years, Freightways Group's highest Cyclically Adjusted PS Ratio was 3.73. The lowest was 1.74. And the median was 2.52.

NZSE:FRW's Cyclically Adjusted PS Ratio is ranked worse than
73% of 737 companies
in the Transportation industry
Industry Median: 0.84 vs NZSE:FRW: 1.89

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.

Freightways Group's adjusted revenue per share data of for the fiscal year that ended in Jun22 was NZ$5.256. 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 NZ$4.17 for the trailing ten years ended in Jun22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Freightways Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Freightways 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.

Freightways Group Cyclically Adjusted PS Ratio Chart

Freightways Group Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.60 2.67 2.15 3.42 2.19

Freightways Group Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 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 3.42 - 2.19 - -

Competitive Comparison of Freightways Group's Cyclically Adjusted PS Ratio

For the Integrated Freight & Logistics subindustry, Freightways 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.


Freightways Group's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Freightways Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Freightways 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.00/4.17
=1.92

* 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.

Freightways Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun22 is calculated as:

For example, Freightways Group's adjusted Revenue per Share data for the fiscal year that ended in Jun22 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun22 (Change)*Current CPI (Jun22)
=5.256/118.6897*118.6897
=5.256

Current CPI (Jun22) = 118.6897.

Freightways Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201306 2.638 98.061 3.193
201406 2.804 99.646 3.340
201506 3.104 100.063 3.682
201606 3.259 100.480 3.850
201706 3.520 102.231 4.087
201806 3.738 103.764 4.276
201906 3.955 105.502 4.449
202006 3.986 107.035 4.420
202106 4.822 110.614 5.174
202206 5.256 118.690 5.256

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.


Freightways Group  (NZSE:FRW) 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.


Freightways Group Cyclically Adjusted PS Ratio Related Terms

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


Freightways Group (NZSE:FRW) Business Description

Traded in Other Exchanges
Address
32 Botha Road, Penrose, Auckland, NTL, NZL, DX CX10120
Freightways Ltd is a provider of express package services throughout New Zealand. The company is organized into three reportable segments: Express Package and Business Mail, Information Management and Corporate and others. The Express Package and Business Mail segment cover network courier, point-to-point courier, and postal services. Information management comprises secure paper-based and electronic business information management services. Corporate and other comprises corporate, financing, and property management services. Key revenue is derived from the Express Package and Business Mail divisions.