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Cameco (Cameco) Cyclically Adjusted PS Ratio : 10.46 (As of Apr. 27, 2024)


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What is Cameco Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Cameco's current share price is $49.35. Cameco's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $4.72. Cameco's Cyclically Adjusted PS Ratio for today is 10.46.

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

CCJ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.47   Med: 2.96   Max: 10.91
Current: 10.77

During the past years, Cameco's highest Cyclically Adjusted PS Ratio was 10.91. The lowest was 1.47. And the median was 2.96.

CCJ's Cyclically Adjusted PS Ratio is ranked worse than
94.44% of 108 companies
in the Other Energy Sources industry
Industry Median: 1.22 vs CCJ: 10.77

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.

Cameco's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.441. 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 $4.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cameco Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Cameco'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.

Cameco Cyclically Adjusted PS Ratio Chart

Cameco 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 1.87 2.82 4.61 4.93 9.13

Cameco Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.93 5.59 6.50 8.46 9.13

Competitive Comparison of Cameco's Cyclically Adjusted PS Ratio

For the Uranium subindustry, Cameco'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.


Cameco's Cyclically Adjusted PS Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Cameco's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Cameco 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=49.35/4.72
=10.46

* 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.

Cameco's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Cameco's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.441/125.4675*125.4675
=1.441

Current CPI (Dec. 2023) = 125.4675.

Cameco Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.953 98.604 1.213
201406 1.170 99.473 1.476
201409 1.347 99.394 1.700
201412 1.947 98.367 2.483
201503 1.133 99.789 1.425
201506 1.153 100.500 1.439
201509 1.236 100.421 1.544
201512 1.796 99.947 2.255
201603 0.780 101.054 0.968
201606 0.914 102.002 1.124
201609 1.291 101.765 1.592
201612 1.680 101.449 2.078
201703 0.741 102.634 0.906
201706 0.893 103.029 1.087
201709 0.999 103.345 1.213
201712 1.601 103.345 1.944
201803 0.858 105.004 1.025
201806 0.642 105.557 0.763
201809 0.945 105.636 1.122
201812 1.562 105.399 1.859
201903 0.561 106.979 0.658
201906 0.737 107.690 0.859
201909 0.579 107.611 0.675
201912 1.673 107.769 1.948
202003 0.625 107.927 0.727
202006 0.979 108.401 1.133
202009 0.723 108.164 0.839
202012 1.085 108.559 1.254
202103 0.581 110.298 0.661
202106 0.739 111.720 0.830
202109 0.717 112.905 0.797
202112 0.912 113.774 1.006
202203 0.786 117.646 0.838
202206 1.089 120.806 1.131
202209 0.731 120.648 0.760
202212 0.900 120.964 0.934
202303 1.155 122.702 1.181
202306 0.835 124.203 0.843
202309 0.977 125.230 0.979
202312 1.441 125.468 1.441

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.


Cameco  (NYSE:CCJ) 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.


Cameco Cyclically Adjusted PS Ratio Related Terms

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


Cameco (Cameco) Business Description

Industry
Traded in Other Exchanges
Address
2121 - 11th Street West, Saskatoon, SK, CAN, S7M 1J3
Cameco Corp is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.