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MRC Global (FRA:37M) Cyclically Adjusted PS Ratio : 0.27 (As of Jun. 03, 2024)


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What is MRC Global Cyclically Adjusted PS Ratio?

As of today (2024-06-03), MRC Global's current share price is €12.20. MRC Global's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €44.42. MRC Global's Cyclically Adjusted PS Ratio for today is 0.27.

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

FRA:37M' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.2   Max: 0.29
Current: 0.28

During the past years, MRC Global's highest Cyclically Adjusted PS Ratio was 0.29. The lowest was 0.07. And the median was 0.20.

FRA:37M's Cyclically Adjusted PS Ratio is ranked better than
74.57% of 755 companies
in the Oil & Gas industry
Industry Median: 0.9 vs FRA:37M: 0.28

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.

MRC Global's adjusted revenue per share data for the three months ended in Mar. 2024 was €8.612. 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 €44.42 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MRC Global Cyclically Adjusted PS Ratio Historical Data

The historical data trend for MRC Global'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.

MRC Global Cyclically Adjusted PS Ratio Chart

MRC Global 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 0.27 0.13 0.14 0.24 0.23

MRC Global 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 0.20 0.20 0.21 0.23 0.26

Competitive Comparison of MRC Global's Cyclically Adjusted PS Ratio

For the Oil & Gas Equipment & Services subindustry, MRC Global'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.


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

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

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



MRC Global 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.

MRC Global's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.20/44.42
=0.27

* 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.

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

For example, MRC Global'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)
=8.612/131.7762*131.7762
=8.612

Current CPI (Mar. 2024) = 131.7762.

MRC Global Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 10.701 100.560 14.023
201409 12.208 100.428 16.019
201412 11.954 99.070 15.900
201503 11.681 99.621 15.451
201506 10.383 100.684 13.589
201509 9.310 100.392 12.221
201512 8.694 99.792 11.480
201603 6.982 100.470 9.158
201606 6.796 101.688 8.807
201609 7.368 101.861 9.532
201612 7.182 101.863 9.291
201703 8.502 102.862 10.892
201706 8.583 103.349 10.944
201709 8.514 104.136 10.774
201712 7.739 104.011 9.805
201803 8.855 105.290 11.083
201806 10.111 106.317 12.532
201809 10.009 106.507 12.384
201812 9.855 105.998 12.252
201903 10.064 107.251 12.365
201906 10.379 108.070 12.656
201909 10.256 108.329 12.476
201912 8.306 108.420 10.095
202003 8.721 108.902 10.553
202006 6.519 108.767 7.898
202009 6.050 109.815 7.260
202012 5.783 109.897 6.934
202103 6.216 111.754 7.330
202106 6.893 114.631 7.924
202109 7.041 115.734 8.017
202112 7.359 117.630 8.244
202203 7.992 121.301 8.682
202206 9.449 125.017 9.960
202209 10.742 125.227 11.304
202212 9.628 125.222 10.132
202303 9.679 127.348 10.016
202306 9.425 128.729 9.648
202309 7.857 129.860 7.973
202312 8.353 129.419 8.505
202403 8.612 131.776 8.612

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.


MRC Global  (FRA:37M) 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.


MRC Global Cyclically Adjusted PS Ratio Related Terms

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


MRC Global (FRA:37M) Business Description

Industry
Traded in Other Exchanges
Address
1301 McKinney Street, Suite 2300, Houston, TX, USA, 77010
MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.

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