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Teekay (Teekay) Cyclically Adjusted PS Ratio : 0.39 (As of May. 22, 2024)


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What is Teekay Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Teekay's current share price is $9.48. Teekay's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $24.30. Teekay's Cyclically Adjusted PS Ratio for today is 0.39.

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

TK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.23   Max: 2.06
Current: 0.39

During the past years, Teekay's highest Cyclically Adjusted PS Ratio was 2.06. The lowest was 0.06. And the median was 0.23.

TK's Cyclically Adjusted PS Ratio is ranked better than
68.69% of 757 companies
in the Oil & Gas industry
Industry Median: 0.89 vs TK: 0.39

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.

Teekay's adjusted revenue per share data for the three months ended in Mar. 2024 was $3.841. 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 $24.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Teekay Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Teekay'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.

Teekay Cyclically Adjusted PS Ratio Chart

Teekay 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 0.19 0.08 0.12 0.18 0.29

Teekay 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 0.24 0.24 0.25 0.29 0.30

Competitive Comparison of Teekay's Cyclically Adjusted PS Ratio

For the Oil & Gas Midstream subindustry, Teekay'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.


Teekay's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Teekay's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Teekay 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.

Teekay's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.48/24.3
=0.39

* 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.

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

For example, Teekay'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)
=3.841/131.7762*131.7762
=3.841

Current CPI (Mar. 2024) = 131.7762.

Teekay Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.278 100.560 8.227
201409 6.648 100.428 8.723
201412 7.517 99.070 9.999
201503 7.524 99.621 9.953
201506 8.068 100.684 10.559
201509 8.412 100.392 11.042
201512 9.605 99.792 12.683
201603 8.813 100.470 11.559
201606 8.056 101.688 10.440
201609 6.445 101.861 8.338
201612 6.411 101.863 8.294
201703 6.306 102.862 8.079
201706 5.958 103.349 7.597
201709 5.805 104.136 7.346
201712 3.771 104.011 4.778
201803 4.048 105.290 5.066
201806 4.039 106.317 5.006
201809 4.148 106.507 5.132
201812 4.894 105.998 6.084
201903 4.844 107.251 5.952
201906 4.588 108.070 5.594
201909 4.225 108.329 5.139
201912 5.623 108.420 6.834
202003 5.690 108.902 6.885
202006 4.771 108.767 5.780
202009 3.922 109.815 4.706
202012 3.583 109.897 4.296
202103 1.824 111.754 2.151
202106 1.512 114.631 1.738
202109 1.450 115.734 1.651
202112 1.920 117.630 2.151
202203 2.078 121.301 2.257
202206 2.683 125.017 2.828
202209 2.896 125.227 3.047
202212 3.570 125.222 3.757
202303 4.167 127.348 4.312
202306 4.087 128.729 4.184
202309 3.286 129.860 3.335
202312 3.587 129.419 3.652
202403 3.841 131.776 3.841

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.


Teekay  (NYSE:TK) 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.


Teekay Cyclically Adjusted PS Ratio Related Terms

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


Teekay (Teekay) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Corp (NYSE:TK) » Definitions » Cyclically Adjusted PS Ratio
Traded in Other Exchanges
Address
69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08
Teekay Corp is engaged in providing crude oil and gas marine transportation services. It also offers offshore oil production, storage, and offloading services, primarily under long-term, fixed-rate contracts. The company has three primary lines of business: offshore production (FPSO units), operational and maintenance marine services, and conventional tankers. It manages these businesses for the benefit of all stakeholders. The company serves energy and utility companies, oil traders, large oil and LNG consumers, petroleum product producers, government agencies, and various other entities that depend upon marine transportation.

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