GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vantage Drilling International Ltd (OTCPK:VTDRF) » Definitions » Cyclically Adjusted PS Ratio

Vantage Drilling International (Vantage Drilling International) Cyclically Adjusted PS Ratio : 0.55 (As of May. 18, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Vantage Drilling International Cyclically Adjusted PS Ratio?

As of today (2024-05-18), Vantage Drilling International's current share price is $21.00. Vantage Drilling International's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2023 was $37.98. Vantage Drilling International's Cyclically Adjusted PS Ratio for today is 0.55.

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

VTDRF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.39   Max: 0.91
Current: 0.55

During the past years, Vantage Drilling International's highest Cyclically Adjusted PS Ratio was 0.91. The lowest was 0.04. And the median was 0.39.

VTDRF's Cyclically Adjusted PS Ratio is ranked better than
60.87% of 759 companies
in the Oil & Gas industry
Industry Median: 0.89 vs VTDRF: 0.55

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.

Vantage Drilling International's adjusted revenue per share data for the three months ended in Jun. 2023 was $8.096. 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 $37.98 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vantage Drilling International Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Vantage Drilling International'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.

Vantage Drilling International Cyclically Adjusted PS Ratio Chart

Vantage Drilling International Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.10 0.18 0.41

Vantage Drilling International Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 0.51 0.50 0.41 0.43 0.53

Competitive Comparison of Vantage Drilling International's Cyclically Adjusted PS Ratio

For the Oil & Gas Drilling subindustry, Vantage Drilling International'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.


Vantage Drilling International's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Vantage Drilling International's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Vantage Drilling International 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.

Vantage Drilling International's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21.00/37.98
=0.55

* 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.

Vantage Drilling International's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Vantage Drilling International's adjusted Revenue per Share data for the three months ended in Jun. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=8.096/128.7287*128.7287
=8.096

Current CPI (Jun. 2023) = 128.7287.

Vantage Drilling International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201303 0.488 98.209 0.640
201306 0.565 98.518 0.738
201309 0.581 98.790 0.757
201312 0.785 98.326 1.028
201403 0.604 99.695 0.780
201406 0.709 100.560 0.908
201409 0.676 100.428 0.866
201412 0.686 99.070 0.891
201503 0.649 99.621 0.839
201506 0.689 100.684 0.881
201509 0.670 100.392 0.859
201512 0.429 99.792 0.553
201603 10.665 100.470 13.665
201606 9.702 101.688 12.282
201703 8.410 102.862 10.525
201706 10.653 103.349 13.269
201709 11.539 104.136 14.264
201712 11.968 104.011 14.812
201803 11.533 105.290 14.100
201806 12.092 106.317 14.641
201809 12.911 106.507 15.605
201812 8.613 105.998 10.460
201903 6.911 107.251 8.295
201906 125.867 108.070 149.928
201909 8.129 108.329 9.660
201912 6.511 108.420 7.731
202003 3.923 108.902 4.637
202006 2.804 108.767 3.319
202009 1.541 109.815 1.806
202012 1.404 109.897 1.645
202103 1.538 111.754 1.772
202106 2.715 114.631 3.049
202109 4.030 115.734 4.482
202112 3.797 117.630 4.155
202203 4.448 121.301 4.720
202206 5.493 125.017 5.656
202209 5.410 125.227 5.561
202212 5.809 125.222 5.972
202303 5.848 127.348 5.911
202306 8.096 128.729 8.096

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.


Vantage Drilling International  (OTCPK:VTDRF) 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.


Vantage Drilling International Cyclically Adjusted PS Ratio Related Terms

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


Vantage Drilling International (Vantage Drilling International) Business Description

Traded in Other Exchanges
N/A
Address
c/o Vantage Energy Services, Inc., 777 Post Oak Boulevard, Suite 440, Houston, TX, USA, 77056
Vantage Drilling International is an offshore drilling contractor. It operates and manages a fleet of drilling units. Its principal business is to contract drilling units, related equipment, and work crews on a day rate basis to drill oil and natural gas wells. Its rig fleet consists of ultra-deep-water drillships, including Platinum Explorer and Tungsten Explorer; and Jackups, including Topaz Driller and Soehanah. The company's geographical segments includes Drilling Services and Managed Services. It operates in Cayman Islands, Montenegro, Qatar, India, Indonesia, Lebanon, Congo, and Other Countries.

Vantage Drilling International (Vantage Drilling International) Headlines

From GuruFocus

Vantage Drilling: Modern Fleet Offers High Growth Prospects

By Subia Khan Value Investor 06-23-2014

Vantage Drilling: Undervalued Stock with Strong Growth Prospects

By Faisal Humayun Faisal Humayun 04-07-2014

Growth Continues For Vantage Drilling

By Faisal Humayun Faisal Humayun 08-18-2014

US Indexes Post Second Consecutive Week of Gains

By Julie Young 10-15-2021

Vantage Drilling Is A Value Buy

By Faisal Humayun Faisal Humayun 11-17-2014