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General Mills (BSP:G1MI34) Cyclically Adjusted PS Ratio : 2.07 (As of May. 26, 2024)


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What is General Mills Cyclically Adjusted PS Ratio?

As of today (2024-05-26), General Mills's current share price is R$356.04. General Mills's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was R$171.72. General Mills's Cyclically Adjusted PS Ratio for today is 2.07.

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

BSP:G1MI34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.35   Med: 2.17   Max: 2.86
Current: 1.97

During the past years, General Mills's highest Cyclically Adjusted PS Ratio was 2.86. The lowest was 1.35. And the median was 2.17.

BSP:G1MI34's Cyclically Adjusted PS Ratio is ranked worse than
76.69% of 1377 companies
in the Consumer Packaged Goods industry
Industry Median: 0.82 vs BSP:G1MI34: 1.97

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.

General Mills's adjusted revenue per share data for the three months ended in Feb. 2024 was R$44.163. 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$171.72 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


General Mills Cyclically Adjusted PS Ratio Historical Data

The historical data trend for General Mills'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.

General Mills Cyclically Adjusted PS Ratio Chart

General Mills Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.75 2.20 2.07 2.12 2.46

General Mills Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 2.35 2.46 1.97 1.85 1.85

Competitive Comparison of General Mills's Cyclically Adjusted PS Ratio

For the Packaged Foods subindustry, General Mills'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.


General Mills's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



General Mills 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.

General Mills's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=356.04/171.72
=2.07

* 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.

General Mills's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, General Mills's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=44.163/130.9299*130.9299
=44.163

Current CPI (Feb. 2024) = 130.9299.

General Mills Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 15.039 100.373 19.617
201408 15.392 100.352 20.082
201411 19.452 99.635 25.562
201502 19.968 99.032 26.400
201505 21.387 100.333 27.909
201508 24.033 100.548 31.295
201511 27.354 100.135 35.766
201602 26.076 100.040 34.128
201605 22.759 101.355 29.400
201608 20.475 101.617 26.381
201611 22.881 101.829 29.420
201702 19.920 102.779 25.376
201705 20.719 103.256 26.272
201708 20.216 103.587 25.552
201711 23.608 104.072 29.700
201802 21.658 105.052 26.993
201805 23.816 106.148 29.376
201808 26.691 106.383 32.850
201811 27.627 106.338 34.016
201902 25.866 106.649 31.755
201905 27.250 108.048 33.021
201908 26.326 108.245 31.843
201911 30.005 108.519 36.202
202002 29.654 109.139 35.575
202005 45.918 108.175 55.577
202008 38.504 109.662 45.971
202011 41.498 109.793 49.487
202102 39.502 110.968 46.608
202105 38.711 113.576 44.626
202108 38.758 115.421 43.966
202111 45.624 117.269 50.939
202202 38.519 119.703 42.132
202205 39.790 123.323 42.244
202208 40.017 124.958 41.930
202211 45.685 125.607 47.621
202302 44.334 126.928 45.732
202305 41.928 128.314 42.783
202308 40.647 129.538 41.084
202311 43.148 129.548 43.608
202402 44.163 130.930 44.163

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.


General Mills  (BSP:G1MI34) 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.


General Mills Cyclically Adjusted PS Ratio Related Terms

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


General Mills (BSP:G1MI34) Business Description

Traded in Other Exchanges
Address
Number One General Mills Boulevard, Minneapolis, MN, USA, 55426
General Mills is a global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2023, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.

General Mills (BSP:G1MI34) Headlines

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