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News (ASX:NWS) Cyclically Adjusted PS Ratio : 1.35 (As of May. 20, 2024)


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What is News Cyclically Adjusted PS Ratio?

As of today (2024-05-20), News's current share price is A$40.57. News's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was A$30.09. News's Cyclically Adjusted PS Ratio for today is 1.35.

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

ASX:NWS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.18   Max: 1.68
Current: 1.39

During the past years, News's highest Cyclically Adjusted PS Ratio was 1.68. The lowest was 0.83. And the median was 1.18.

ASX:NWS's Cyclically Adjusted PS Ratio is ranked worse than
62.66% of 707 companies
in the Media - Diversified industry
Industry Median: 0.9 vs ASX:NWS: 1.39

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.

News's adjusted revenue per share data for the three months ended in Mar. 2024 was A$6.442. 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 A$30.09 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


News Cyclically Adjusted PS Ratio Historical Data

The historical data trend for News'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.

News Cyclically Adjusted PS Ratio Chart

News Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.52 0.85 1.05

News 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 0.94 1.05 1.07 1.32 1.39

Competitive Comparison of News's Cyclically Adjusted PS Ratio

For the Entertainment subindustry, News'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.


News's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, News's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



News 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=40.57/30.09
=1.35

* 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.

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

For example, News'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)
=6.442/131.7762*131.7762
=6.442

Current CPI (Mar. 2024) = 131.7762.

News Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.863 100.560 5.062
201409 4.020 100.428 5.275
201412 4.694 99.070 6.244
201503 4.532 99.621 5.995
201506 4.692 100.684 6.141
201509 4.898 100.392 6.429
201512 5.118 99.792 6.758
201603 4.345 100.470 5.699
201606 5.163 101.688 6.691
201609 4.456 101.861 5.765
201612 4.953 101.863 6.408
201703 4.462 102.862 5.716
201706 4.725 103.349 6.025
201709 4.424 104.136 5.598
201712 4.893 104.011 6.199
201803 4.629 105.290 5.793
201806 6.162 106.317 7.638
201809 5.982 106.507 7.401
201812 6.242 105.998 7.760
201903 5.892 107.251 7.239
201906 6.019 108.070 7.339
201909 5.851 108.329 7.117
201912 6.098 108.420 7.412
202003 6.194 108.902 7.495
202006 4.735 108.767 5.737
202009 4.959 109.815 5.951
202012 5.410 109.897 6.487
202103 5.094 111.754 6.007
202106 5.471 114.631 6.289
202109 5.758 115.734 6.556
202112 6.387 117.630 7.155
202203 5.707 121.301 6.200
202206 6.461 125.017 6.810
202209 6.369 125.227 6.702
202212 6.466 125.222 6.804
202303 6.343 127.348 6.564
202306 6.289 128.729 6.438
202309 6.773 129.860 6.873
202312 6.737 129.419 6.860
202403 6.442 131.776 6.442

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.


News  (ASX:NWS) 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.


News Cyclically Adjusted PS Ratio Related Terms

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


News (ASX:NWS) Business Description

Address
1211 Avenue of the Americas, New York, NY, USA, 10036
News Corporation is a diversified media conglomerate with significant presence in the U.S, the U.K., and Australia. Key mastheads include The Wall Street Journal, Herald Sun, and The Times. The company also has a strong presence in the Australian pay-TV market through Fox Sports and Foxtel (both 65%-owned), while its 61%-owned REA Group is the dominant real estate classified business in Australia. In addition, it owns HarperCollins, one of the largest book publishers in the world, and also has a substantial digital property advertising business (Move) in the U.S.

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