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Intact Financial (TSX:IFC) Cyclically Adjusted PS Ratio : 2.25 (As of May. 15, 2024)


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What is Intact Financial Cyclically Adjusted PS Ratio?

As of today (2024-05-15), Intact Financial's current share price is C$225.89. Intact Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$100.28. Intact Financial's Cyclically Adjusted PS Ratio for today is 2.25.

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

TSX:IFC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.57   Med: 1.96   Max: 2.39
Current: 2.27

During the past years, Intact Financial's highest Cyclically Adjusted PS Ratio was 2.39. The lowest was 1.57. And the median was 1.96.

TSX:IFC's Cyclically Adjusted PS Ratio is ranked worse than
81.73% of 405 companies
in the Insurance industry
Industry Median: 1.01 vs TSX:IFC: 2.27

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.

Intact Financial's adjusted revenue per share data for the three months ended in Mar. 2024 was C$34.689. 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 C$100.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intact Financial Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Intact Financial'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.

Intact Financial Cyclically Adjusted PS Ratio Chart

Intact Financial 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 2.13 2.15 2.09 2.18 2.06

Intact Financial 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 2.10 2.16 2.05 2.06 2.19

Competitive Comparison of Intact Financial's Cyclically Adjusted PS Ratio

For the Insurance - Property & Casualty subindustry, Intact Financial'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.


Intact Financial's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Intact Financial's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Intact Financial 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.

Intact Financial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=225.89/100.28
=2.25

* 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.

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

For example, Intact Financial'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)
=34.689/125.4675*125.4675
=34.689

Current CPI (Mar. 2024) = 125.4675.

Intact Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 15.095 99.473 19.040
201409 15.125 99.394 19.093
201412 15.095 98.367 19.254
201503 15.384 99.789 19.343
201506 14.989 100.500 18.713
201509 15.361 100.421 19.192
201512 15.513 99.947 19.474
201603 15.696 101.054 19.488
201606 16.215 102.002 19.945
201609 16.895 101.765 20.830
201612 16.066 101.449 19.870
201703 17.168 102.634 20.988
201706 17.473 103.029 21.278
201709 16.768 103.345 20.357
201712 18.864 103.345 22.902
201803 18.305 105.004 21.872
201806 18.664 105.557 22.184
201809 19.045 105.636 22.620
201812 20.007 105.399 23.816
201903 20.280 106.979 23.785
201906 19.993 107.690 23.293
201909 20.007 107.611 23.327
201912 21.068 107.769 24.528
202003 21.000 107.927 24.413
202006 21.741 108.401 25.164
202009 21.930 108.164 25.438
202012 22.483 108.559 25.985
202103 20.224 110.298 23.006
202106 24.802 111.720 27.854
202109 29.790 112.905 33.105
202112 31.805 113.774 35.074
202203 33.538 117.646 35.768
202206 33.771 120.806 35.074
202209 27.674 120.648 28.780
202212 28.871 120.964 29.946
202303 33.930 122.702 34.695
202306 31.181 124.203 31.498
202309 30.625 125.230 30.683
202312 36.405 125.468 36.405
202403 34.689 125.468 34.689

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.


Intact Financial  (TSX:IFC) 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.


Intact Financial Cyclically Adjusted PS Ratio Related Terms

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


Intact Financial (TSX:IFC) Business Description

Address
700 University Avenue, Suite 1500, Toronto, ON, CAN, M5G 0A1
Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities. Its asset mix is designed to generate interest and dividend income.
Executives
Timothy Michael Miller Senior Officer

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