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Metro (MTRAF) Cyclically Adjusted PS Ratio : 0.95 (As of Jun. 01, 2024)


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What is Metro Cyclically Adjusted PS Ratio?

As of today (2024-06-01), Metro's current share price is $53.49. Metro's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $56.50. Metro's Cyclically Adjusted PS Ratio for today is 0.95.

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

MTRAF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.98   Max: 1.2
Current: 0.96

During the past years, Metro's highest Cyclically Adjusted PS Ratio was 1.20. The lowest was 0.59. And the median was 0.98.

MTRAF's Cyclically Adjusted PS Ratio is ranked worse than
76.52% of 230 companies
in the Retail - Defensive industry
Industry Median: 0.39 vs MTRAF: 0.96

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.

Metro's adjusted revenue per share data for the three months ended in Mar. 2024 was $15.145. 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 $56.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Metro Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Metro'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.

Metro Cyclically Adjusted PS Ratio Chart

Metro Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.13 1.17 1.03 1.02 0.95

Metro 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 1.06 1.03 0.95 0.92 0.95

Competitive Comparison of Metro's Cyclically Adjusted PS Ratio

For the Grocery Stores subindustry, Metro'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.


Metro's Cyclically Adjusted PS Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Metro's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Metro 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=53.49/56.5
=0.95

* 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.

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

For example, Metro'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)
=15.145/126.2576*126.2576
=15.145

Current CPI (Mar. 2024) = 126.2576.

Metro Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 12.834 99.473 16.290
201409 9.592 99.394 12.184
201412 9.678 98.367 12.422
201503 8.457 99.789 10.700
201506 12.425 100.500 15.609
201509 8.663 100.421 10.892
201512 8.924 99.947 11.273
201603 9.091 101.054 11.358
201606 13.057 102.002 16.162
201609 9.416 101.765 11.682
201612 9.523 101.449 11.852
201703 9.398 102.634 11.561
201706 13.361 103.029 16.373
201709 11.491 103.345 14.039
201712 10.651 103.345 13.012
201803 9.797 105.004 11.780
201806 14.507 105.557 17.352
201809 11.237 105.636 13.431
201812 11.515 105.399 13.794
201903 10.768 106.979 12.708
201906 15.377 107.690 18.028
201909 11.424 107.611 13.403
201912 12.005 107.769 14.065
202003 11.258 107.927 13.170
202006 17.039 108.401 19.846
202009 12.424 108.164 14.502
202012 13.312 108.559 15.482
202103 13.441 110.298 15.386
202106 19.043 111.720 21.521
202109 13.171 112.905 14.729
202112 13.895 113.774 15.420
202203 13.974 117.646 14.997
202206 19.080 120.806 19.941
202209 13.886 120.648 14.532
202212 14.550 120.964 15.187
202303 14.176 122.702 14.587
202306 20.808 124.203 21.152
202309 16.275 125.230 16.408
202312 16.191 125.072 16.344
202403 15.145 126.258 15.145

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.


Metro  (OTCPK:MTRAF) 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.


Metro Cyclically Adjusted PS Ratio Related Terms

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


Metro (MTRAF) Business Description

Traded in Other Exchanges
Address
11011 Maurice-Duplessis, Finances, Montreal, Montreal, QC, CAN, H1C 1V6
Metro is the third-largest grocery retailer in Canada (behind Loblaw and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaw and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in the provinces of Quebec and Ontario, with no presence in western Canada.

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