GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » IHS Markit Ltd (NYSE:INFO) » Definitions » Cyclically Adjusted PS Ratio

IHS Markit (IHS Markit) Cyclically Adjusted PS Ratio : (As of May. 18, 2024)


View and export this data going back to 2005. Start your Free Trial

What is IHS Markit Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


IHS Markit Cyclically Adjusted PS Ratio Historical Data

The historical data trend for IHS Markit'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.

IHS Markit Cyclically Adjusted PS Ratio Chart

IHS Markit Annual Data
Trend Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

IHS Markit Quarterly Data
Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21
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 - - - - -

Competitive Comparison of IHS Markit's Cyclically Adjusted PS Ratio

For the Consulting Services subindustry, IHS Markit'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.


IHS Markit's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, IHS Markit's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



IHS Markit 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.

IHS Markit's Cyclically Adjusted Revenue per Share for the quarter that ended in Nov. 2021 is calculated as:

For example, IHS Markit's adjusted Revenue per Share data for the three months ended in Nov. 2021 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Nov. 2021 (Change)*Current CPI (Nov. 2021)
=2.922/114.1000*114.1000
=2.922

Current CPI (Nov. 2021) = 114.1000.

IHS Markit Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201202 1.450 95.200 1.738
201205 1.636 95.900 1.946
201208 1.623 96.100 1.927
201211 1.735 97.000 2.041
201302 1.612 97.500 1.886
201305 1.770 98.200 2.057
201308 2.006 98.400 2.326
201311 1.669 98.800 1.927
201402 2.147 99.100 2.472
201405 2.325 99.600 2.663
201408 2.269 99.900 2.592
201411 1.732 99.900 1.978
201502 2.085 99.500 2.391
201505 2.266 100.100 2.583
201508 2.279 100.300 2.593
201511 2.244 100.300 2.553
201602 2.267 100.100 2.584
201605 2.438 100.800 2.760
201608 2.131 101.200 2.403
201611 2.019 101.800 2.263
201702 2.000 102.400 2.229
201705 2.180 103.500 2.403
201708 2.184 104.000 2.396
201711 2.288 104.700 2.493
201802 2.262 104.900 2.460
201805 2.498 105.900 2.691
201808 2.471 106.500 2.647
201811 2.622 106.900 2.799
201902 2.618 106.800 2.797
201905 2.774 107.900 2.933
201908 2.707 108.300 2.852
201911 2.742 108.500 2.884
202002 2.675 108.600 2.810
202005 2.566 108.600 2.696
202008 2.676 108.800 2.806
202011 2.764 109.100 2.891
202102 2.794 109.400 2.914
202105 2.948 111.000 3.030
202108 2.942 112.100 2.994
202111 2.922 114.100 2.922

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.


IHS Markit  (NYSE:INFO) 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.


IHS Markit Cyclically Adjusted PS Ratio Related Terms

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


IHS Markit (IHS Markit) Business Description

Traded in Other Exchanges
N/A
Address
25 Ropemaker Street, 4th Floor, Ropemaker Place, London, GBR, EC2Y 9LY
IHS Markit is a leading provider of data and analytics to corporate and sovereign clients across a wide variety of industries. Financial markets accounted for 42% of fiscal 2020 revenue, transportation 27%, resources (energy and chemicals) 20%, and CMS (consolidated markets) 11%. Approximately 60% of fiscal 2020 revenue came from the United States. IHS Markit has approximately 16,000 employees worldwide. About 74% of fiscal 2020 revenue was recurring and fixed, 14% recurring and variable, and 12% non-recurring. S&P Global has offered to acquire IHS Markit, with holders of the target firm set to receive 0.2838 shares of the combined entity (a little less than one third of the total), in a deal valued at $44 billion upon announcement.

IHS Markit (IHS Markit) Headlines

From GuruFocus

Top 5 1st Quarter Trades of FORT, L.P.

By GuruFocus Research GuruFocus Editor 05-13-2022

Top 5 1st Quarter Trades of PICTON MAHONEY ASSET MANAGEMENT

By GuruFocus Research GuruFocus Editor 05-12-2022

UBS OCONNOR LLC Buys 2, Sells 3 in 1st Quarter

By GuruFocus Research GuruFocus Editor 06-09-2022

Top 5 1st Quarter Trades of Paul Tudor Jones

By GuruFocus Research GuruFocus Editor 05-17-2022

TCI Fund Management Ltd Buys IHS Markit, Sells S&P Global Inc

By GuruFocusNews insider 02-15-2022

automotiveMastermind Promotes Matt Leone to CEO

By PRNewswire PRNewswire 02-16-2022

Western Standard LLC Buys 2, Sells 3 in 1st Quarter

By GuruFocus Research GuruFocus Editor 05-19-2022

RMB Capital Management, LLC Buys 3, Sells 2 in 2nd Quarter

By GuruFocus Research GuruFocus Editor 08-01-2022

TIG Advisors, LLC Buys 2, Sells 3 in 1st Quarter

By GuruFocus Research GuruFocus Editor 05-18-2022