GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » The Philippine Stock Exchange Inc (PHS:PSE) » Definitions » Cyclically Adjusted PS Ratio

The Philippine Stock Exchange (PHS:PSE) Cyclically Adjusted PS Ratio : 9.21 (As of Jun. 08, 2024)


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

What is The Philippine Stock Exchange Cyclically Adjusted PS Ratio?

As of today (2024-06-08), The Philippine Stock Exchange's current share price is ₱198.00. The Philippine Stock Exchange's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₱21.49. The Philippine Stock Exchange's Cyclically Adjusted PS Ratio for today is 9.21.

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

PHS:PSE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.15   Med: 9.16   Max: 12.47
Current: 8.98

During the past years, The Philippine Stock Exchange's highest Cyclically Adjusted PS Ratio was 12.47. The lowest was 7.15. And the median was 9.16.

PHS:PSE's Cyclically Adjusted PS Ratio is ranked worse than
79.22% of 592 companies
in the Capital Markets industry
Industry Median: 3.09 vs PHS:PSE: 8.98

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.

The Philippine Stock Exchange's adjusted revenue per share data for the three months ended in Mar. 2024 was ₱4.319. 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 ₱21.49 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Philippine Stock Exchange Cyclically Adjusted PS Ratio Historical Data

The historical data trend for The Philippine 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.

The Philippine Stock Exchange Cyclically Adjusted PS Ratio Chart

The Philippine Stock Exchange 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 9.73 8.32 10.57 7.33 8.00

The Philippine 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 7.67 7.55 8.00 8.00 8.98

Competitive Comparison of The Philippine Stock Exchange's Cyclically Adjusted PS Ratio

For the Financial Data & Stock Exchanges subindustry, The Philippine 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.


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

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

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



The Philippine 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=198.00/21.49
=9.21

* 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.

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

For example, The Philippine 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)
=4.319/131.7762*131.7762
=4.319

Current CPI (Mar. 2024) = 131.7762.

The Philippine Stock Exchange Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.993 100.560 10.474
201409 3.887 100.428 5.100
201412 4.437 99.070 5.902
201503 4.373 99.621 5.784
201506 4.509 100.684 5.901
201509 4.018 100.392 5.274
201512 3.664 99.792 4.838
201603 3.571 100.470 4.684
201606 4.066 101.688 5.269
201609 4.290 101.861 5.550
201612 5.274 101.863 6.823
201703 4.239 102.862 5.431
201706 4.775 103.349 6.088
201709 3.964 104.136 5.016
201712 3.694 104.011 4.680
201803 4.003 105.290 5.010
201806 5.251 106.317 6.508
201809 3.727 106.507 4.611
201812 6.614 105.998 8.223
201903 3.475 107.251 4.270
201906 3.635 108.070 4.432
201909 3.569 108.329 4.341
201912 5.266 108.420 6.400
202003 3.609 108.902 4.367
202006 3.302 108.767 4.001
202009 3.962 109.815 4.754
202012 5.137 109.897 6.160
202103 4.754 111.754 5.606
202106 4.341 114.631 4.990
202109 4.417 115.734 5.029
202112 6.677 117.630 7.480
202203 4.789 121.301 5.203
202206 5.619 125.017 5.923
202209 4.359 125.227 4.587
202212 4.057 125.222 4.269
202303 4.682 127.348 4.845
202306 4.382 128.729 4.486
202309 4.412 129.860 4.477
202312 3.689 129.419 3.756
202403 4.319 131.776 4.319

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.


The Philippine Stock Exchange  (PHS:PSE) 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.


The Philippine Stock Exchange Cyclically Adjusted PS Ratio Related Terms

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


The Philippine Stock Exchange (PHS:PSE) Business Description

Traded in Other Exchanges
N/A
Address
28th Street, 5th Avenue corner, 6th to 10th floors, PSE tower, Bonifacio Global City, Taguig, PHL, 1634
The Philippine Stock Exchange Inc is a Philippines-based stock corporation. Its core business is to provide and maintain a convenient and suitable market for the exchange, purchase, and sale of all types of securities and other instruments. The company provides trading, clearing, depository, and information services for the equity market. It also operates activities of clearance and settlement agencies through its wholly-owned subsidiaries. The sources of revenue mainly consist of listing-related fees for initial public offerings, annual listing maintenance membership, transactions, data feeds, and miscellaneous fees. Geographically, the company's prime revenue is derived from domestic operations.

The Philippine Stock Exchange (PHS:PSE) Headlines

No Headlines