GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMETEK Inc (BSP:A1ME34) » Definitions » Cyclically Adjusted PS Ratio

AMETEK (BSP:A1ME34) Cyclically Adjusted PS Ratio : 6.85 (As of May. 24, 2024)


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

What is AMETEK Cyclically Adjusted PS Ratio?

As of today (2024-05-24), AMETEK's current share price is R$36.10. AMETEK's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$5.27. AMETEK's Cyclically Adjusted PS Ratio for today is 6.85.

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

BSP:A1ME34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.3   Med: 5   Max: 7.47
Current: 6.86

During the past years, AMETEK's highest Cyclically Adjusted PS Ratio was 7.47. The lowest was 3.30. And the median was 5.00.

BSP:A1ME34's Cyclically Adjusted PS Ratio is ranked worse than
92.17% of 2196 companies
in the Industrial Products industry
Industry Median: 1.43 vs BSP:A1ME34: 6.86

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.

AMETEK's adjusted revenue per share data for the three months ended in Mar. 2024 was R$1.553. 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 R$5.27 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AMETEK Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AMETEK'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.

AMETEK Cyclically Adjusted PS Ratio Chart

AMETEK 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 5.74 6.59 7.15 6.13 6.73

AMETEK 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 6.21 6.77 6.07 6.73 7.26

Competitive Comparison of AMETEK's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, AMETEK'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.


AMETEK's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

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

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



AMETEK 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=36.10/5.27
=6.85

* 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.

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

For example, AMETEK'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)
=1.553/131.7762*131.7762
=1.553

Current CPI (Mar. 2024) = 131.7762.

AMETEK Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.373 100.560 0.489
201409 0.406 100.428 0.533
201412 0.458 99.070 0.609
201503 0.531 99.621 0.702
201506 0.534 100.684 0.699
201509 0.673 100.392 0.883
201512 0.669 99.792 0.883
201603 0.616 100.470 0.808
201606 0.594 101.688 0.770
201609 0.550 101.861 0.712
201612 0.588 101.863 0.761
201703 0.568 102.862 0.728
201706 0.631 103.349 0.805
201709 0.610 104.136 0.772
201712 0.675 104.011 0.855
201803 0.688 105.290 0.861
201806 0.814 106.317 1.009
201809 0.876 106.507 1.084
201812 0.889 105.998 1.105
201903 0.901 107.251 1.107
201906 0.903 108.070 1.101
201909 0.955 108.329 1.162
201912 0.970 108.420 1.179
202003 1.060 108.902 1.283
202006 0.950 108.767 1.151
202009 1.095 109.815 1.314
202012 1.108 109.897 1.329
202103 1.229 111.754 1.449
202106 1.247 114.631 1.434
202109 1.360 115.734 1.549
202112 1.520 117.630 1.703
202203 1.298 121.301 1.410
202206 1.377 125.017 1.451
202209 1.470 125.227 1.547
202212 1.537 125.222 1.617
202303 1.499 127.348 1.551
202306 1.440 128.729 1.474
202309 1.441 129.860 1.462
202312 1.525 129.419 1.553
202403 1.553 131.776 1.553

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.


AMETEK  (BSP:A1ME34) 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.


AMETEK Cyclically Adjusted PS Ratio Related Terms

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


AMETEK (BSP:A1ME34) Business Description

Traded in Other Exchanges
Address
1100 Cassatt Road, Berwyn, PA, USA, 19312-1177
Ametek is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. About half of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.

AMETEK (BSP:A1ME34) Headlines

No Headlines