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TIM (TIMB) Cyclically Adjusted PS Ratio : 1.72 (As of Apr. 27, 2024)


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What is TIM Cyclically Adjusted PS Ratio?

As of today (2024-04-27), TIM's current share price is $17.09. TIM's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was $9.92. TIM's Cyclically Adjusted PS Ratio for today is 1.72.

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

TIMB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.54   Med: 1.19   Max: 1.91
Current: 1.76

During the past years, TIM's highest Cyclically Adjusted PS Ratio was 1.91. The lowest was 0.54. And the median was 1.19.

TIMB's Cyclically Adjusted PS Ratio is ranked worse than
67.24% of 293 companies
in the Telecommunication Services industry
Industry Median: 1.02 vs TIMB: 1.76

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.

TIM's adjusted revenue per share data for the three months ended in Sep. 2023 was $2.569. 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 $9.92 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


TIM Cyclically Adjusted PS Ratio Historical Data

The historical data trend for TIM'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.

TIM Cyclically Adjusted PS Ratio Chart

TIM 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 1.41 1.42 1.30 1.25 -

TIM 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 1.25 1.26 1.47 1.50 -

Competitive Comparison of TIM's Cyclically Adjusted PS Ratio

For the Telecom Services subindustry, TIM'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.


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

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

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



TIM 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.09/9.92
=1.72

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=2.569/155.4635*155.4635
=2.569

Current CPI (Sep. 2023) = 155.4635.

TIM Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 4.564 88.522 8.015
201403 4.181 90.447 7.186
201406 4.415 91.838 7.474
201409 4.291 92.602 7.204
201412 4.045 94.194 6.676
201503 2.992 97.799 4.756
201506 2.895 100.006 4.500
201509 2.178 101.392 3.340
201512 2.190 104.247 3.266
201603 2.153 106.979 3.129
201606 2.308 108.851 3.296
201609 2.478 109.986 3.503
201612 2.491 110.802 3.495
201703 2.610 111.869 3.627
201706 2.459 112.115 3.410
201709 2.802 112.777 3.863
201712 2.666 114.068 3.634
201803 2.594 114.868 3.511
201806 2.310 117.038 3.068
201809 2.132 117.881 2.812
201812 2.371 118.340 3.115
201903 2.253 120.124 2.916
201906 2.296 120.977 2.951
201909 2.175 121.292 2.788
201912 2.308 123.436 2.907
202003 1.782 124.092 2.233
202006 1.587 123.557 1.997
202009 1.678 125.095 2.085
202012 1.878 129.012 2.263
202103 1.591 131.660 1.879
202106 1.825 133.871 2.119
202109 1.765 137.913 1.990
202112 1.753 141.992 1.919
202203 1.962 146.537 2.082
202206 2.283 149.784 2.370
202209 1.912 147.800 2.011
202212 2.294 150.207 2.374
202303 2.237 153.352 2.268
202306 2.507 154.519 2.522
202309 2.569 155.464 2.569

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.


TIM  (NYSE:TIMB) 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.


TIM Cyclically Adjusted PS Ratio Related Terms

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


TIM (TIMB) Business Description

Traded in Other Exchanges
Address
Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22775-057
TIM, which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 61 million subscribers, equal to about 24% of the market. The firm also owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 9 million locations, equal to a bit less than 15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand.