Renewables Infrastructure Group (The) (LSE:TRIG) Cyclically Adjusted PS Ratio : 10.14 (As of May. 17, 2024)

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What is Renewables Infrastructure Group (The) Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Renewables Infrastructure Group (The)'s current share price is £1.014. Renewables Infrastructure Group (The)'s Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was £0.10. Renewables Infrastructure Group (The)'s Cyclically Adjusted PS Ratio for today is 10.14.

The historical rank and industry rank for Renewables Infrastructure Group (The)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

LSE:TRIG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.18 Med: 10.35 Max: 12.09
Current: 9.77

During the past 11 years, Renewables Infrastructure Group (The)'s highest Cyclically Adjusted PS Ratio was 12.09. The lowest was 9.18. And the median was 10.35.

LSE:TRIG's Cyclically Adjusted PS Ratio is ranked worse than
60.05% of 876 companies
in the Asset Management industry
Industry Median: 7.41 vs LSE:TRIG: 9.77

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.

Renewables Infrastructure Group (The)'s adjusted revenue per share data of for the fiscal year that ended in Dec23 was £0.004. 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 £0.10 for the trailing ten years ended in Dec23.

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Renewables Infrastructure Group (The) Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Renewables Infrastructure Group (The)'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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Renewables Infrastructure Group (The) Cyclically Adjusted PS Ratio Chart

Renewables Infrastructure Group (The) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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12.21

10.90

Renewables Infrastructure Group (The) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cyclically Adjusted PS Ratio	Get a 7-Day Free Trial															-	-	12.21	-	10.90

Competitive Comparison of Renewables Infrastructure Group (The)'s Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Renewables Infrastructure Group (The)'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.

Renewables Infrastructure Group (The)'s Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Renewables Infrastructure Group (The)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Renewables Infrastructure Group (The)'s Cyclically Adjusted PS Ratio falls into.

Renewables Infrastructure Group (The) 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.

Renewables Infrastructure Group (The)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	1.014	/	0.1
	=	10.14

Renewables Infrastructure Group (The)'s Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Renewables Infrastructure Group (The)'s adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare	=	Revenue per Share	/	CPI of Dec23 (Change)	*	Current CPI (Dec23)
	=	0.004	/	129.4194	*	129.4194
	=	0.004

Current CPI (Dec23) = 129.4194.

Renewables Infrastructure Group (The) Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201412	0.063	99.070	0.082
201512	0.031	99.792	0.040
201612	0.088	101.863	0.112
201712	0.099	104.011	0.123
201812	0.117	105.998	0.143
201912	0.114	108.420	0.136
202012	0.059	109.897	0.069
202112	0.101	117.630	0.111
202212	0.216	125.222	0.223
202312	0.004	129.419	0.004

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.

Renewables Infrastructure Group (The) (LSE:TRIG) 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.

Renewables Infrastructure Group (The) Cyclically Adjusted PS Ratio Related Terms

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Renewables Infrastructure Group (The) (LSE:TRIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Renewables Infrastructure Group (The) Ltd (LSE:TRIG) » Definitions » Cyclically Adjusted PS Ratio

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TRIGl:UK

Address

East Wing, Trafalgar Court, Les Banques, P.O. Box 656, Saint Peter Port, GGY, GY1 3PP

Website

https://www.trig-ltd.com

Renewables Infrastructure Group (The) Ltd Guernsey registered closed-ended investment company. The company focuses on investing principally in a range of diversified operational assets which generate electricity from renewable sources, with an initial focus on onshore wind farms and solar PV parks in the United Kingdom and Northern Europe. The company's revenue comprises mostly dividends received from investments made.