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Highway Capital (LSE:HWC) Cyclically Adjusted PS Ratio : (As of May. 08, 2024)


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What is Highway Capital Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Highway Capital Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Highway Capital'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.

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Highway Capital Cyclically Adjusted PS Ratio Chart

Highway Capital Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 11.07 -

Highway Capital Semi-Annual Data
Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22
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 - 11.07 - - -

Competitive Comparison of Highway Capital's Cyclically Adjusted PS Ratio

For the Conglomerates subindustry, Highway Capital'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.


Highway Capital's Cyclically Adjusted PS Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Highway Capital's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Highway Capital 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.

Highway Capital's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Feb22 is calculated as:

For example, Highway Capital's adjusted Revenue per Share data for the fiscal year that ended in Feb22 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb22 (Change)*Current CPI (Feb22)
=0/115.4000*115.4000
=0.000

Current CPI (Feb22) = 115.4000.

Highway Capital Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201302 0.000 97.500 0.000
201402 0.000 99.100 0.000
201502 0.000 99.500 0.000
201602 0.000 100.100 0.000
201702 0.000 102.400 0.000
201802 0.000 104.900 0.000
201902 0.000 106.800 0.000
202002 0.000 108.600 0.000
202102 0.014 109.400 0.015
202202 0.000 115.400 0.000

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.


Highway Capital  (LSE:HWC) 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.


Highway Capital Cyclically Adjusted PS Ratio Related Terms

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Highway Capital (LSE:HWC) Business Description

Traded in Other Exchanges
N/A
Address
Reynolds Road, Eden House, Beaconsfield, Buckinghamshire, GBR, HP9 2FL
Highway Capital PLC is a United Kingdom-based company. The company focuses on investing in or acquiring undervalued companies with either strong asset backing or opportunities, which possess high barriers to entry.