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JSW Steel (NSE:JSWSTEEL) Cyclically Adjusted PS Ratio : 1.97 (As of Jun. 08, 2024)


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What is JSW Steel Cyclically Adjusted PS Ratio?

As of today (2024-06-08), JSW Steel's current share price is ₹912.15. JSW Steel's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹462.72. JSW Steel's Cyclically Adjusted PS Ratio for today is 1.97.

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

NSE:JSWSTEEL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.79   Max: 2.48
Current: 1.9

During the past years, JSW Steel's highest Cyclically Adjusted PS Ratio was 2.48. The lowest was 0.49. And the median was 1.79.

NSE:JSWSTEEL's Cyclically Adjusted PS Ratio is ranked worse than
85.28% of 523 companies
in the Steel industry
Industry Median: 0.48 vs NSE:JSWSTEEL: 1.90

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.

JSW Steel's adjusted revenue per share data for the three months ended in Mar. 2024 was ₹186.600. 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 ₹462.72 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


JSW Steel Cyclically Adjusted PS Ratio Historical Data

The historical data trend for JSW Steel'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.

JSW Steel Cyclically Adjusted PS Ratio Chart

JSW Steel Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 1.53 2.08 1.68 1.79

JSW Steel 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 1.68 1.82 1.76 1.94 1.79

Competitive Comparison of JSW Steel's Cyclically Adjusted PS Ratio

For the Steel subindustry, JSW Steel'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.


JSW Steel's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, JSW Steel's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



JSW Steel 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.

JSW Steel's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=912.15/462.72
=1.97

* 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.

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

For example, JSW Steel'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)
=186.6/153.0345*153.0345
=186.600

Current CPI (Mar. 2024) = 153.0345.

JSW Steel Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 53.385 94.103 86.817
201409 56.010 96.780 88.566
201412 52.110 96.780 82.399
201503 53.520 97.163 84.296
201506 46.828 99.841 71.777
201509 44.073 101.753 66.285
201512 35.453 102.901 52.726
201603 42.419 102.518 63.321
201606 48.822 105.961 70.511
201609 60.419 105.961 87.260
201612 57.074 105.196 83.029
201703 67.465 105.196 98.145
201706 62.445 107.109 89.220
201709 69.938 109.021 98.173
201712 74.233 109.404 103.837
201803 82.889 109.786 115.541
201806 82.549 111.317 113.486
201809 86.374 115.142 114.799
201812 82.018 115.142 109.010
201903 90.358 118.202 116.985
201906 80.233 120.880 101.575
201909 69.236 123.175 86.020
201912 71.810 126.235 87.055
202003 72.579 124.705 89.067
202006 47.776 127.000 57.570
202009 77.202 130.118 90.799
202012 88.881 130.889 103.919
202103 109.461 131.771 127.125
202106 117.600 134.084 134.221
202109 132.042 135.847 148.748
202112 154.938 138.161 171.618
202203 190.423 138.822 209.919
202206 154.833 142.347 166.457
202209 171.180 144.661 181.088
202212 160.237 145.763 168.231
202303 192.365 146.865 200.446
202306 172.765 150.280 175.932
202309 179.942 151.492 181.774
202312 169.114 152.924 169.236
202403 186.600 153.035 186.600

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.


JSW Steel  (NSE:JSWSTEEL) 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.


JSW Steel Cyclically Adjusted PS Ratio Related Terms

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


JSW Steel (NSE:JSWSTEEL) Business Description

Industry
Traded in Other Exchanges
Address
JSW Centre, Bandra Kurla Complex, Near MMRDA Grounds, Bandra (East), Mumbai, MH, IND, 400 051
JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products, which account for the second-largest share of the company's steel volume, are used in the Indian construction, infrastructure, and automotive industries. The company generates the majority of its revenue from the Indian domestic market.

JSW Steel (NSE:JSWSTEEL) Headlines

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