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Intercontinental Exchange (Intercontinental Exchange) Cyclically Adjusted PS Ratio : 9.14 (As of Apr. 28, 2024)


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What is Intercontinental Exchange Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Intercontinental Exchange's current share price is $131.70. Intercontinental Exchange's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $14.41. Intercontinental Exchange's Cyclically Adjusted PS Ratio for today is 9.14.

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

ICE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.21   Med: 11.95   Max: 14.3
Current: 9.14

During the past years, Intercontinental Exchange's highest Cyclically Adjusted PS Ratio was 14.30. The lowest was 7.21. And the median was 11.95.

ICE's Cyclically Adjusted PS Ratio is ranked worse than
80.03% of 576 companies
in the Capital Markets industry
Industry Median: 2.985 vs ICE: 9.14

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.

Intercontinental Exchange's adjusted revenue per share data for the three months ended in Dec. 2023 was $4.645. 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 $14.41 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intercontinental Exchange Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Intercontinental 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.

Intercontinental Exchange Cyclically Adjusted PS Ratio Chart

Intercontinental 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 11.93 12.83 12.62 8.02 8.91

Intercontinental Exchange 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 8.02 7.83 8.23 7.76 8.91

Competitive Comparison of Intercontinental Exchange's Cyclically Adjusted PS Ratio

For the Financial Data & Stock Exchanges subindustry, Intercontinental 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.


Intercontinental Exchange's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

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

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



Intercontinental 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.

Intercontinental Exchange's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=131.70/14.41
=9.14

* 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.

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

For example, Intercontinental Exchange'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)
=4.645/129.4194*129.4194
=4.645

Current CPI (Dec. 2023) = 129.4194.

Intercontinental Exchange Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.833 99.695 2.380
201406 1.752 100.560 2.255
201409 1.772 100.428 2.284
201412 2.228 99.070 2.911
201503 2.107 99.621 2.737
201506 1.957 100.684 2.516
201509 2.139 100.392 2.757
201512 2.181 99.792 2.829
201603 2.599 100.470 3.348
201606 2.511 101.688 3.196
201609 2.360 101.861 2.998
201612 2.499 101.863 3.175
201703 2.456 102.862 3.090
201706 2.514 103.349 3.148
201709 2.424 104.136 3.013
201712 2.438 104.011 3.034
201803 2.696 105.290 3.314
201806 2.678 106.317 3.260
201809 2.540 106.507 3.086
201812 2.927 105.998 3.574
201903 2.777 107.251 3.351
201906 2.887 108.070 3.457
201909 2.954 108.329 3.529
201912 2.966 108.420 3.540
202003 3.811 108.902 4.529
202006 3.581 108.767 4.261
202009 3.503 109.815 4.128
202012 3.959 109.897 4.662
202103 4.299 111.754 4.979
202106 3.777 114.631 4.264
202109 4.023 115.734 4.499
202112 4.120 117.630 4.533
202203 4.360 121.301 4.652
202206 4.309 125.017 4.461
202209 4.263 125.227 4.406
202212 4.237 125.222 4.379
202303 4.406 127.348 4.478
202306 4.164 128.729 4.186
202309 4.299 129.860 4.284
202312 4.645 129.419 4.645

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.


Intercontinental Exchange  (NYSE:ICE) 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.


Intercontinental Exchange Cyclically Adjusted PS Ratio Related Terms

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


Intercontinental Exchange (Intercontinental Exchange) Business Description

Traded in Other Exchanges
Address
5660 New Northside Drive, Atlanta, GA, USA, 30328
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 56% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (15% of net revenue) and fixed-income and data services segment (29% of net revenue).
Executives
Jeffrey C Sprecher director, officer: Chief Executive Officer 2100 RIVEREDGE PARKWAY, SUITE 500, ATLANTA GA 30308
Andrew J Surdykowski officer: General Counsel 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
James W Namkung officer: Chief Accounting Officer C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, NW, ATLANTA GA 30318
Christopher Scott Edmonds officer: Chief Development Officer INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Warren Gardiner officer: Chief Financial Officer INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Benjamin Jackson officer: President C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Douglas Foley officer: SVP, HR & Administration INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Martha A Tirinnanzi director INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Stuart Glen Williams officer: Chief Operating Officer INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR., ATLANTA GA 30328
William Jefferson Hague director C/O ICE, 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Mark Wassersug officer: Chief Operating Officer 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Mayur Kapani officer: Chief Technology Officer INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
David S Goone officer: Sr VP, Chief Strategic Officer 2100 RIVEREDGE PARKWAY, SUITE 500, ATLANTA GA 30308
Lynn C Martin officer: President & COO, ICE Data Serv 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30318
Charles R Crisp director 1301 MCKINNEY STE 700, HOUSTON TX 77010