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Imperial Oil (TSX:IMO) Cyclically Adjusted PS Ratio : 1.79 (As of May. 29, 2024)


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What is Imperial Oil Cyclically Adjusted PS Ratio?

As of today (2024-05-29), Imperial Oil's current share price is C$96.56. Imperial Oil's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$53.85. Imperial Oil's Cyclically Adjusted PS Ratio for today is 1.79.

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

TSX:IMO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 1.23   Max: 1.84
Current: 1.79

During the past years, Imperial Oil's highest Cyclically Adjusted PS Ratio was 1.84. The lowest was 0.35. And the median was 1.23.

TSX:IMO's Cyclically Adjusted PS Ratio is ranked worse than
68.78% of 756 companies
in the Oil & Gas industry
Industry Median: 0.88 vs TSX:IMO: 1.79

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.

Imperial Oil's adjusted revenue per share data for the three months ended in Mar. 2024 was C$21.714. 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 C$53.85 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Imperial Oil Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Imperial Oil'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.

Imperial Oil Cyclically Adjusted PS Ratio Chart

Imperial Oil 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 0.92 0.65 1.14 1.40 1.44

Imperial Oil 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 1.41 1.35 1.62 1.44 1.73

Competitive Comparison of Imperial Oil's Cyclically Adjusted PS Ratio

For the Oil & Gas Integrated subindustry, Imperial Oil'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.


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

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

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



Imperial Oil 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.

Imperial Oil's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=96.56/53.85
=1.79

* 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.

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

For example, Imperial Oil'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)
=21.714/126.2576*126.2576
=21.714

Current CPI (Mar. 2024) = 126.2576.

Imperial Oil Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 10.598 99.473 13.452
201409 10.846 99.394 13.777
201412 8.934 98.367 11.467
201503 6.811 99.789 8.618
201506 8.093 100.500 10.167
201509 7.868 100.421 9.892
201512 6.839 99.947 8.639
201603 5.628 101.054 7.032
201606 6.830 102.002 8.454
201609 7.210 101.765 8.945
201612 7.844 101.449 9.762
201703 7.720 102.634 9.497
201706 7.723 103.029 9.464
201709 7.925 103.345 9.682
201712 9.107 103.345 11.126
201803 9.023 105.004 10.849
201806 11.119 105.557 13.300
201809 11.574 105.636 13.833
201812 9.402 105.399 11.263
201903 9.709 106.979 11.459
201906 11.385 107.690 13.348
201909 10.787 107.611 12.656
201912 10.209 107.769 11.960
202003 8.408 107.927 9.836
202006 4.491 108.401 5.231
202009 7.425 108.164 8.667
202012 7.589 108.559 8.826
202103 8.955 110.298 10.251
202106 10.391 111.720 11.743
202109 13.790 112.905 15.421
202112 17.072 113.774 18.945
202203 18.125 117.646 19.452
202206 25.237 120.806 26.376
202209 23.109 120.648 24.183
202212 22.955 120.964 23.960
202303 19.693 122.702 20.264
202306 19.113 124.203 19.429
202309 22.819 125.230 23.006
202312 22.371 125.072 22.583
202403 21.714 126.258 21.714

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.


Imperial Oil  (TSX:IMO) 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.


Imperial Oil Cyclically Adjusted PS Ratio Related Terms

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


Imperial Oil (TSX:IMO) Business Description

Industry
Traded in Other Exchanges
Address
505 Quarry Park Boulevard S.E, Calgary, AB, CAN, T2C 5N1
Imperial Oil is one of Canada's largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d. The Upstream segment operates to produce crude oil and its equivalent, and natural gas. The Downstream segment operates to refine crude oil into petroleum products. The Chemical segment manufactures hydrocarbon-based chemicals and chemical products.

Imperial Oil (TSX:IMO) Headlines

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