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TELUS (TSX:T) Cyclically Adjusted PS Ratio : 1.66 (As of Jun. 10, 2024)


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What is TELUS Cyclically Adjusted PS Ratio?

As of today (2024-06-10), TELUS's current share price is C$22.76. TELUS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$13.67. TELUS's Cyclically Adjusted PS Ratio for today is 1.66.

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

TSX:T' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.59   Med: 2.38   Max: 2.84
Current: 1.66

During the past years, TELUS's highest Cyclically Adjusted PS Ratio was 2.84. The lowest was 1.59. And the median was 2.38.

TSX:T's Cyclically Adjusted PS Ratio is ranked worse than
65.78% of 301 companies
in the Telecommunication Services industry
Industry Median: 1.07 vs TSX:T: 1.66

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.

TELUS's adjusted revenue per share data for the three months ended in Mar. 2024 was C$3.292. 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$13.67 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TELUS Cyclically Adjusted PS Ratio Historical Data

The historical data trend for TELUS'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.

TELUS Cyclically Adjusted PS Ratio Chart

TELUS 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 2.38 2.30 2.52 2.04 1.75

TELUS 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 2.05 1.94 1.65 1.75 1.59

Competitive Comparison of TELUS's Cyclically Adjusted PS Ratio

For the Telecom Services subindustry, TELUS'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.


TELUS's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, TELUS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



TELUS 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.76/13.67
=1.66

* 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.

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

For example, TELUS'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)
=3.292/126.2576*126.2576
=3.292

Current CPI (Mar. 2024) = 126.2576.

TELUS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.373 99.473 3.012
201409 2.439 99.394 3.098
201412 2.533 98.367 3.251
201503 2.468 99.789 3.123
201506 2.551 100.500 3.205
201509 2.604 100.421 3.274
201512 2.664 99.947 3.365
201603 2.606 101.054 3.256
201606 2.623 102.002 3.247
201609 2.724 101.765 3.380
201612 2.772 101.449 3.450
201703 2.682 102.634 3.299
201706 2.754 103.029 3.375
201709 2.855 103.345 3.488
201712 2.917 103.345 3.564
201803 2.816 105.004 3.386
201806 2.886 105.557 3.452
201809 3.003 105.636 3.589
201812 3.094 105.399 3.706
201903 2.905 106.979 3.429
201906 2.982 107.690 3.496
201909 3.062 107.611 3.593
201912 3.162 107.769 3.704
202003 2.926 107.927 3.423
202006 2.856 108.401 3.326
202009 3.075 108.164 3.589
202012 3.133 108.559 3.644
202103 3.091 110.298 3.538
202106 3.024 111.720 3.418
202109 3.108 112.905 3.476
202112 3.244 113.774 3.600
202203 3.084 117.646 3.310
202206 3.153 120.806 3.295
202209 3.302 120.648 3.456
202212 3.498 120.964 3.651
202303 3.420 122.702 3.519
202306 3.398 124.203 3.454
202309 3.420 125.230 3.448
202312 3.496 125.072 3.529
202403 3.292 126.258 3.292

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.


TELUS  (TSX:T) 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.


TELUS Cyclically Adjusted PS Ratio Related Terms

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


TELUS (TSX:T) Business Description

Traded in Other Exchanges
Address
510 West Georgia Street, 23rd Floor, Vancouver, BC, CAN, V6B 0M3
Telus is one of the Big Three wireless service providers in Canada, with its nearly 10 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. Mostly because of recent acquisitions, more than 20% of Telus' sales now come from nontelecom businesses, most notably in the international business services, health, security, and agriculture industries. The firm has a 55% economic stake in Telus International.
Executives
Darren Entwistle Director, Senior Officer