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Webjet (ASX:WEB) Cyclically Adjusted PS Ratio : 4.80 (As of May. 18, 2024)


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What is Webjet Cyclically Adjusted PS Ratio?

As of today (2024-05-18), Webjet's current share price is A$8.36. Webjet's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar23 was A$1.74. Webjet's Cyclically Adjusted PS Ratio for today is 4.80.

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

ASX:WEB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.8   Med: 6.24   Max: 14.9
Current: 4.81

During the past 13 years, Webjet's highest Cyclically Adjusted PS Ratio was 14.90. The lowest was 1.80. And the median was 6.24.

ASX:WEB's Cyclically Adjusted PS Ratio is ranked worse than
83.86% of 638 companies
in the Travel & Leisure industry
Industry Median: 1.465 vs ASX:WEB: 4.81

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.

Webjet's adjusted revenue per share data of for the fiscal year that ended in Mar23 was A$0.955. 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$1.74 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Webjet Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Webjet'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.

Webjet Cyclically Adjusted PS Ratio Chart

Webjet Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.10 7.13 2.22 3.49 4.04

Webjet Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 3.49 - 4.04 -

Competitive Comparison of Webjet's Cyclically Adjusted PS Ratio

For the Travel Services subindustry, Webjet'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.


Webjet's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Webjet's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Webjet 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.36/1.74
=4.80

* 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.

Webjet's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Webjet's adjusted Revenue per Share data for the fiscal year that ended in Mar23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=0.955/123.1484*123.1484
=0.955

Current CPI (Mar23) = 123.1484.

Webjet Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201306 0.668 95.473 0.862
201406 0.833 98.352 1.043
201506 1.021 99.838 1.259
201606 1.305 100.859 1.593
201706 1.422 102.809 1.703
201806 4.635 104.945 5.439
201906 2.065 106.617 2.385
202006 1.522 106.246 1.764
202203 0.364 115.069 0.390
202303 0.955 123.148 0.955

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.


Webjet  (ASX:WEB) 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.


Webjet Cyclically Adjusted PS Ratio Related Terms

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


Webjet (ASX:WEB) Business Description

Traded in Other Exchanges
Address
509 St Kilda Road, Level 2, Melbourne, VIC, AUS, 3004
Webjet provides online travel bookings across Europe, Asia Pacific, the Middle East, and Africa. The group operates in both the business to consumer, or B2C, and business to business, or B2B, segments. The B2B business, WebBeds, acts as an intermediary between hotels and wholesale/retail travel service providers. WebBeds is currently the world's second largest B2B accommodation booking provider despite only a circa 4% market share of the fragmented AUD 70 billion global B2B accommodation market. The company's B2C units, Webjet Online Travel Agent, or OTA, and GoSee allow retail customers to book flights, hotel accommodation, holiday packages, travel insurance, rental cars and caravans online.