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ACEN (PHS:ACEN) Cyclically Adjusted PS Ratio : 2.68 (As of May. 27, 2024)


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What is ACEN Cyclically Adjusted PS Ratio?

As of today (2024-05-27), ACEN's current share price is ₱4.99. ACEN's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₱1.86. ACEN's Cyclically Adjusted PS Ratio for today is 2.68.

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

PHS:ACEN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.48   Med: 2.26   Max: 7.38
Current: 2.7

During the past years, ACEN's highest Cyclically Adjusted PS Ratio was 7.38. The lowest was 0.48. And the median was 2.26.

PHS:ACEN's Cyclically Adjusted PS Ratio is ranked worse than
62.74% of 263 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.87 vs PHS:ACEN: 2.70

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.

ACEN's adjusted revenue per share data for the three months ended in Mar. 2024 was ₱0.248. 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 ₱1.86 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ACEN Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ACEN'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.

ACEN Cyclically Adjusted PS Ratio Chart

ACEN Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 3.76 6.44 4.26 2.40

ACEN 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 3.36 2.90 2.60 2.40 2.07

Competitive Comparison of ACEN's Cyclically Adjusted PS Ratio

For the Utilities - Renewable subindustry, ACEN'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.


ACEN's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, ACEN's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



ACEN 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.99/1.86
=2.68

* 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.

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

For example, ACEN'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)
=0.248/131.7762*131.7762
=0.248

Current CPI (Mar. 2024) = 131.7762.

ACEN Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.067 100.560 0.088
201409 0.033 100.428 0.043
201412 0.247 99.070 0.329
201503 0.390 99.621 0.516
201506 0.434 100.684 0.568
201509 0.455 100.392 0.597
201512 0.490 99.792 0.647
201603 0.419 100.470 0.550
201606 0.557 101.688 0.722
201609 0.561 101.861 0.726
201612 0.568 101.863 0.735
201703 0.482 102.862 0.617
201706 0.690 103.349 0.880
201709 0.629 104.136 0.796
201712 0.615 104.011 0.779
201803 0.495 105.290 0.620
201806 0.628 106.317 0.778
201809 0.466 106.507 0.577
201812 0.468 105.998 0.582
201903 0.451 107.251 0.554
201906 0.427 108.070 0.521
201909 0.422 108.329 0.513
201912 0.374 108.420 0.455
202003 0.603 108.902 0.730
202006 0.256 108.767 0.310
202009 0.385 109.815 0.462
202012 0.379 109.897 0.454
202103 0.361 111.754 0.426
202106 0.376 114.631 0.432
202109 0.206 115.734 0.235
202112 0.187 117.630 0.209
202203 0.192 121.301 0.209
202206 0.219 125.017 0.231
202209 0.236 125.227 0.248
202212 0.251 125.222 0.264
202303 0.230 127.348 0.238
202306 0.285 128.729 0.292
202309 0.206 129.860 0.209
202312 0.197 129.419 0.201
202403 0.248 131.776 0.248

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.


ACEN  (PHS:ACEN) 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.


ACEN Cyclically Adjusted PS Ratio Related Terms

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


ACEN (PHS:ACEN) Business Description

Traded in Other Exchanges
Address
Paseo de Roxas corner Makati Avenue, 35th Floor, Ayala Triangle Gardens Tower 2, Makati, PHL, 1226
ACEN Corp is a Philippines-based energy provider. The company is mainly involved in the business of Renewables and Thermal energy. It also holds interests in the business of oil and gas exploration and production. The company operates in three segments: The Philippines segment, the International segment, and the Parent and Others segment The Philippines segment, which accounts for the vast majority of its revenue, is into Retail Electricity Supply, Renewables - generation, transmission, distribution, and supply of electricity using renewable sources, Thermal - generation, transmission, distribution, and supply of electricity using the conventional way of energy generation, Project development, Leasing, bulk water supply, and Petroleum and exploration.

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