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Midwest Energy Emissions (TSXV:MEEC) Cyclically Adjusted PS Ratio : 2.82 (As of Jun. 08, 2024)


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What is Midwest Energy Emissions Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Midwest Energy Emissions's current share price is C$1.10. Midwest Energy Emissions's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$0.39. Midwest Energy Emissions's Cyclically Adjusted PS Ratio for today is 2.82.

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

TSXV:MEEC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.38   Med: 1.23   Max: 6.59
Current: 2.79

During the past years, Midwest Energy Emissions's highest Cyclically Adjusted PS Ratio was 6.59. The lowest was 0.38. And the median was 1.23.

TSXV:MEEC's Cyclically Adjusted PS Ratio is ranked worse than
72.07% of 2198 companies
in the Industrial Products industry
Industry Median: 1.42 vs TSXV:MEEC: 2.79

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.

Midwest Energy Emissions's adjusted revenue per share data for the three months ended in Mar. 2024 was C$0.051. 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$0.39 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Midwest Energy Emissions Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Midwest Energy Emissions'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.

Midwest Energy Emissions Cyclically Adjusted PS Ratio Chart

Midwest Energy Emissions 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 0.86 2.90 2.49 0.99 3.18

Midwest Energy Emissions 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 1.42 1.04 1.34 3.18 3.39

Competitive Comparison of Midwest Energy Emissions's Cyclically Adjusted PS Ratio

For the Pollution & Treatment Controls subindustry, Midwest Energy Emissions'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.


Midwest Energy Emissions's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Midwest Energy Emissions's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Midwest Energy Emissions 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.

Midwest Energy Emissions's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.10/0.39
=2.82

* 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.

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

For example, Midwest Energy Emissions'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)
=0.051/131.7762*131.7762
=0.051

Current CPI (Mar. 2024) = 131.7762.

Midwest Energy Emissions Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.024 100.560 0.031
201409 0.038 100.428 0.050
201412 0.016 99.070 0.021
201503 0.008 99.621 0.011
201506 0.081 100.684 0.106
201509 0.103 100.392 0.135
201512 0.156 99.792 0.206
201603 0.094 100.470 0.123
201606 0.256 101.688 0.332
201609 0.322 101.861 0.417
201612 0.174 101.863 0.225
201703 0.099 102.862 0.127
201706 0.142 103.349 0.181
201709 0.137 104.136 0.173
201712 0.095 104.011 0.120
201803 0.036 105.290 0.045
201806 0.042 106.317 0.052
201809 0.072 106.507 0.089
201812 0.062 105.998 0.077
201903 0.049 107.251 0.060
201906 0.044 108.070 0.054
201909 0.062 108.329 0.075
201912 0.043 108.420 0.052
202003 0.020 108.902 0.024
202006 0.033 108.767 0.040
202009 0.048 109.815 0.058
202012 0.039 109.897 0.047
202103 0.047 111.754 0.055
202106 0.033 114.631 0.038
202109 0.071 115.734 0.081
202112 0.041 117.630 0.046
202203 0.047 121.301 0.051
202206 0.073 125.017 0.077
202209 0.107 125.227 0.113
202212 0.084 125.222 0.088
202303 0.044 127.348 0.046
202306 0.058 128.729 0.059
202309 0.097 129.860 0.098
202312 0.051 129.419 0.052
202403 0.051 131.776 0.051

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.


Midwest Energy Emissions  (TSXV:MEEC) 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.


Midwest Energy Emissions Cyclically Adjusted PS Ratio Related Terms

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


Midwest Energy Emissions (TSXV:MEEC) Business Description

Traded in Other Exchanges
Address
1810 Jester Drive, Corsicana, TX, USA, 75109
Midwest Energy Emissions Corp. is an environmental services company. The company specializes in mercury emission control technologies, primarily for utility and industrial coal-fired units. It aims to deliver cost-effective mercury capture technologies to coal-fired power plants in the United States, Europe, and Asia. The group develops and deploys technologies to remove mercury emissions from coal-fired power plants. The company's products include Oxidizers, sorbents, and Scrubber Additive SA2. Geographically, all the activities function through the region of the United States and it achieves revenues from product sales, equipment sales, and demonstration and consulting services.