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SRF (NSE:SRF) Cyclically Adjusted PS Ratio : 6.84 (As of Jun. 09, 2024)


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What is SRF Cyclically Adjusted PS Ratio?

As of today (2024-06-09), SRF's current share price is ₹2312.30. SRF's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹337.95. SRF's Cyclically Adjusted PS Ratio for today is 6.84.

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

NSE:SRF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.54   Med: 7.64   Max: 10.01
Current: 6.84

During the past years, SRF's highest Cyclically Adjusted PS Ratio was 10.01. The lowest was 6.54. And the median was 7.64.

NSE:SRF's Cyclically Adjusted PS Ratio is ranked worse than
92.23% of 1210 companies
in the Chemicals industry
Industry Median: 1.22 vs NSE:SRF: 6.84

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.

SRF's adjusted revenue per share data for the three months ended in Mar. 2024 was ₹118.242. 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 ₹337.95 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SRF Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SRF'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.

SRF Cyclically Adjusted PS Ratio Chart

SRF 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 - - 9.76 7.69 7.58

SRF 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 7.69 7.06 6.83 7.42 7.58

Competitive Comparison of SRF's Cyclically Adjusted PS Ratio

For the Specialty Chemicals subindustry, SRF'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.


SRF's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

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

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



SRF 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2312.30/337.95
=6.84

* 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.

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

For example, SRF'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)
=118.242/153.0345*153.0345
=118.242

Current CPI (Mar. 2024) = 153.0345.

SRF Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 39.959 94.103 64.983
201409 41.061 96.780 64.928
201412 38.336 96.780 60.619
201503 37.115 97.163 58.457
201506 41.981 99.841 64.348
201509 40.070 101.753 60.264
201512 37.553 102.901 55.849
201603 37.995 102.518 56.717
201606 41.630 105.961 60.124
201609 39.097 105.961 56.466
201612 38.850 105.196 56.517
201703 45.483 105.196 66.167
201706 44.330 107.109 63.338
201709 44.244 109.021 62.106
201712 47.999 109.404 67.141
201803 55.382 109.786 77.199
201806 57.577 111.317 79.155
201809 59.911 115.142 79.627
201812 61.015 115.142 81.095
201903 66.124 118.202 85.610
201906 60.273 120.880 76.306
201909 59.228 123.175 73.586
201912 62.888 126.235 76.239
202003 63.333 124.705 77.720
202006 52.716 127.000 63.522
202009 70.031 130.118 82.365
202012 72.002 130.889 84.184
202103 87.438 131.771 101.548
202106 90.405 134.084 103.182
202109 95.007 135.847 107.027
202112 111.805 138.161 123.841
202203 118.253 138.822 130.360
202206 129.949 142.347 139.705
202209 123.196 144.661 130.327
202212 113.694 145.763 119.366
202303 125.494 146.865 130.766
202306 110.947 150.280 112.980
202309 105.335 151.492 106.408
202312 101.010 152.924 101.083
202403 118.242 153.035 118.242

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.


SRF  (NSE:SRF) 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.


SRF Cyclically Adjusted PS Ratio Related Terms

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


SRF (NSE:SRF) Business Description

Industry
Traded in Other Exchanges
Address
Block - C, Sector - 45, Gurugram, HR, IND, 122 003
SRF Ltd operates in the textiles, chemical and packaging business based in India. The company generates around half of its revenue internationally and operates through four business segments. The technical textiles business offers products such as nylon tyre cords, belting fabric, coated fabrics, laminated fabric, polyester tyre cords, and industrial yarns. The chemicals business provides refrigerant gases, pharmaceuticals, and fluorochemicals. Finally, the packaging film business offers polyester films used to package food, cosmetics, healthcare, and personal products. The other segment includes coated fabric, laminated fabric, and engineering plastics. The Chemicals business segment act as a major revenue driver for the firm.