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First Resources (SGX:EB5) Cyclically Adjusted PS Ratio : 1.92 (As of May. 28, 2024)


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What is First Resources Cyclically Adjusted PS Ratio?

As of today (2024-05-28), First Resources's current share price is S$1.42. First Resources's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was S$0.74. First Resources's Cyclically Adjusted PS Ratio for today is 1.92.

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

SGX:EB5' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.78   Med: 3.28   Max: 5.86
Current: 1.89

During the past 13 years, First Resources's highest Cyclically Adjusted PS Ratio was 5.86. The lowest was 1.78. And the median was 3.28.

SGX:EB5's Cyclically Adjusted PS Ratio is ranked worse than
75.98% of 1378 companies
in the Consumer Packaged Goods industry
Industry Median: 0.81 vs SGX:EB5: 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.

First Resources's adjusted revenue per share data of for the fiscal year that ended in Dec23 was S$0.834. 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 S$0.74 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Resources Cyclically Adjusted PS Ratio Historical Data

The historical data trend for First Resources'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.

First Resources Cyclically Adjusted PS Ratio Chart

First Resources 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 3.74 2.38 2.46 2.12 1.93

First Resources 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 2.46 - 2.12 - 1.93

Competitive Comparison of First Resources's Cyclically Adjusted PS Ratio

For the Packaged Foods subindustry, First Resources'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.


First Resources's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, First Resources's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



First Resources 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.

First Resources's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.42/0.74
=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.

First Resources's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, First Resources'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)
=0.834/129.4194*129.4194
=0.834

Current CPI (Dec23) = 129.4194.

First Resources Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.511 99.070 0.668
201512 0.403 99.792 0.523
201612 0.521 101.863 0.662
201712 0.550 104.011 0.684
201812 0.548 105.998 0.669
201912 0.527 108.420 0.629
202012 0.556 109.897 0.655
202112 0.892 117.630 0.981
202212 1.052 125.222 1.087
202312 0.834 129.419 0.834

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.


First Resources  (SGX:EB5) 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.


First Resources Cyclically Adjusted PS Ratio Related Terms

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


First Resources (SGX:EB5) Business Description

Traded in Other Exchanges
Address
7 Temasek Boulevard, No. 24-01, Suntec Tower One, Singapore, SGP, 038987
First Resources Ltd manages more than 200,000 hectares of oil palm plantations located in Indonesia and mills fresh fruit bunches into crude palm oil and palm kernel. In addition, the group also processes crude palm oil and palm kernel into higher-value palm-based products such as refined, bleached, and deodorized olein and biodiesel. The operating segment of the company is Plantations and Palm Oil Mills & Refineries and Processing. The plantations and palm oil mills segment is principally involved in the cultivation and maintenance of oil palm plantations and the operation of palm oil mills. Refinery and processing segment markets and sells processed palm-based products produced from the refinery, fractionation and biodiesel plants, and other downstream processing facilities.

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