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BCE (BCE) Cyclically Adjusted PS Ratio : 1.43 (As of Apr. 27, 2024)


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What is BCE Cyclically Adjusted PS Ratio?

As of today (2024-04-27), BCE's current share price is $32.62. BCE's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $22.82. BCE's Cyclically Adjusted PS Ratio for today is 1.43.

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

BCE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.12   Max: 2.5
Current: 1.48

During the past years, BCE's highest Cyclically Adjusted PS Ratio was 2.50. The lowest was 1.46. And the median was 2.12.

BCE's Cyclically Adjusted PS Ratio is ranked worse than
60.75% of 293 companies
in the Telecommunication Services industry
Industry Median: 1.02 vs BCE: 1.48

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.

BCE's adjusted revenue per share data for the three months ended in Dec. 2023 was $5.289. 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 $22.82 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


BCE Cyclically Adjusted PS Ratio Historical Data

The historical data trend for BCE'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.

BCE Cyclically Adjusted PS Ratio Chart

BCE 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 2.17 1.97 2.30 2.00 1.73

BCE Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 2.00 2.01 1.99 1.71 1.73

Competitive Comparison of BCE's Cyclically Adjusted PS Ratio

For the Telecom Services subindustry, BCE'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.


BCE's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, BCE's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



BCE 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=32.62/22.82
=1.43

* 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.

BCE's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, BCE's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.289/125.4675*125.4675
=5.289

Current CPI (Dec. 2023) = 125.4675.

BCE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 5.907 98.604 7.516
201406 6.191 99.473 7.809
201409 6.026 99.394 7.607
201412 5.709 98.367 7.282
201503 4.929 99.789 6.197
201506 5.090 100.500 6.354
201509 4.740 100.421 5.922
201512 4.783 99.947 6.004
201603 4.590 101.054 5.699
201606 4.759 102.002 5.854
201609 4.734 101.765 5.837
201612 4.905 101.449 6.066
201703 4.547 102.634 5.559
201706 4.748 103.029 5.782
201709 5.149 103.345 6.251
201712 5.247 103.345 6.370
201803 4.799 105.004 5.734
201806 4.907 105.557 5.833
201809 5.019 105.636 5.961
201812 5.148 105.399 6.128
201903 4.773 106.979 5.598
201906 4.922 107.690 5.735
201909 4.972 107.611 5.797
201912 5.265 107.769 6.130
202003 4.467 107.927 5.193
202006 4.368 108.401 5.056
202009 4.837 108.164 5.611
202012 5.267 108.559 6.087
202103 5.019 110.298 5.709
202106 5.151 111.720 5.785
202109 5.075 112.905 5.640
202112 5.332 113.774 5.880
202203 5.073 117.646 5.410
202206 5.015 120.806 5.209
202209 4.950 120.648 5.148
202212 5.195 120.964 5.388
202303 4.850 122.702 4.959
202306 5.004 124.203 5.055
202309 4.925 125.230 4.934
202312 5.289 125.468 5.289

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.


BCE  (NYSE:BCE) 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.


BCE Cyclically Adjusted PS Ratio Related Terms

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


BCE (BCE) Business Description

Address
1 Carrefour Alexander Graham Bell, Tour A-7, Verdun, QC, CAN, H3E 3B3
BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrier—the legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. Additionally, BCE has a media segment, which holds television, radio, and digital media assets. BCE licenses the Canadian rights to movie channels including HBO, Showtime, and Starz. In 2022, the wireline segment made up 52% of total EBITDA, while wireless was 31% and media provided the remainder.