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Williams Partners LP (Williams Partners LP) Cyclically Adjusted PS Ratio : (As of May. 05, 2024)


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What is Williams Partners LP Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Williams Partners LP Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Williams Partners LP'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.

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Williams Partners LP Cyclically Adjusted PS Ratio Chart

Williams Partners LP Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PS Ratio
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Williams Partners LP Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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Competitive Comparison of Williams Partners LP's Cyclically Adjusted PS Ratio

For the Oil & Gas Midstream subindustry, Williams Partners LP'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.


Williams Partners LP's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

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

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



Williams Partners LP 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.

Williams Partners LP's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2018 is calculated as:

For example, Williams Partners LP's adjusted Revenue per Share data for the three months ended in Jun. 2018 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2018 (Change)*Current CPI (Jun. 2018)
=2.178/106.3168*106.3168
=2.178

Current CPI (Jun. 2018) = 106.3168.

Williams Partners LP Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200712 0.000 88.616 0.000
200812 0.000 88.697 0.000
200903 0.000 89.744 0.000
200906 0.000 91.003 0.000
200909 0.000 91.120 0.000
200912 0.000 91.111 0.000
201003 0.000 91.821 0.000
201006 1.381 91.962 1.597
201009 0.682 92.162 0.787
201012 1.108 92.474 1.274
201103 0.841 94.283 0.948
201106 0.907 95.235 1.013
201109 0.953 95.727 1.058
201112 1.148 95.213 1.282
201203 0.982 96.783 1.079
201206 0.948 96.819 1.041
201209 0.990 97.633 1.078
201212 0.743 96.871 0.815
201303 1.333 98.209 1.443
201306 1.310 98.518 1.414
201309 1.381 98.790 1.486
201312 28.482 98.326 30.797
201403 4.682 99.695 4.993
201406 4.469 100.560 4.725
201409 5.546 100.428 5.871
201412 5.770 99.070 6.192
201503 3.375 99.621 3.602
201506 3.117 100.684 3.291
201509 3.054 100.392 3.234
201512 3.399 99.792 3.621
201603 2.810 100.470 2.974
201606 2.956 101.688 3.091
201609 3.224 101.861 3.365
201612 3.640 101.863 3.799
201703 2.155 102.862 2.227
201706 2.007 103.349 2.065
201709 1.971 104.136 2.012
201712 2.323 104.011 2.374
201803 2.176 105.290 2.197
201806 2.178 106.317 2.178

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.


Williams Partners LP  (NYSE:WPZ) 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.


Williams Partners LP Cyclically Adjusted PS Ratio Related Terms

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Williams Partners LP (Williams Partners LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Williams Partners is a large pipeline company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering and processing and storage assets. It also owns a 60% stake in Discovery, which owns offshore natural gas assets in the Gulf of Mexico. Williams Companies, a publicly traded C-Corporation, owns a 74% interest in Williams Partners. The partnership owns the underlying assets while the corporation holds the stake in the limited partnership.

Williams Partners LP (Williams Partners LP) Headlines