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The Hershey Co (BSP:HSHY34) Cyclically Adjusted PS Ratio : 4.24 (As of May. 28, 2024)


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What is The Hershey Co Cyclically Adjusted PS Ratio?

As of today (2024-05-28), The Hershey Co's current share price is R$202.11. The Hershey Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$47.63. The Hershey Co's Cyclically Adjusted PS Ratio for today is 4.24.

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

BSP:HSHY34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.81   Med: 3.82   Max: 6.12
Current: 4.11

During the past years, The Hershey Co's highest Cyclically Adjusted PS Ratio was 6.12. The lowest was 2.81. And the median was 3.82.

BSP:HSHY34's Cyclically Adjusted PS Ratio is ranked worse than
89.48% of 1378 companies
in the Consumer Packaged Goods industry
Industry Median: 0.81 vs BSP:HSHY34: 4.11

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.

The Hershey Co's adjusted revenue per share data for the three months ended in Mar. 2024 was R$15.813. 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$47.63 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Hershey Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for The Hershey Co'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.

The Hershey Co Cyclically Adjusted PS Ratio Chart

The Hershey Co 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 4.22 4.20 4.84 5.28 4.00

The Hershey Co 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 5.65 5.45 4.29 4.00 4.05

Competitive Comparison of The Hershey Co's Cyclically Adjusted PS Ratio

For the Confectioners subindustry, The Hershey Co'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.


The Hershey Co's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

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

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



The Hershey Co 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.

The Hershey Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=202.11/47.63
=4.24

* 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.

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

For example, The Hershey Co'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)
=15.813/131.7762*131.7762
=15.813

Current CPI (Mar. 2024) = 131.7762.

The Hershey Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.137 100.560 4.111
201409 4.097 100.428 5.376
201412 4.753 99.070 6.322
201503 5.466 99.621 7.230
201506 4.474 100.684 5.856
201509 6.955 100.392 9.129
201512 6.778 99.792 8.950
201603 6.219 100.470 8.157
201606 5.227 101.688 6.774
201609 6.058 101.861 7.837
201612 6.178 101.863 7.992
201703 5.481 102.862 7.022
201706 5.106 103.349 6.510
201709 5.969 104.136 7.553
201712 6.012 104.011 7.617
201803 6.101 105.290 7.636
201806 6.279 106.317 7.783
201809 8.111 106.507 10.035
201812 7.316 105.998 9.095
201903 7.364 107.251 9.048
201906 6.464 108.070 7.882
201909 8.322 108.329 10.123
201912 8.071 108.420 9.810
202003 9.474 108.902 11.464
202006 8.474 108.767 10.267
202009 11.463 109.815 13.755
202012 10.739 109.897 12.877
202103 12.407 111.754 14.630
202106 9.634 114.631 11.075
202109 12.012 115.734 13.677
202112 12.681 117.630 14.206
202203 12.803 121.301 13.909
202206 11.602 125.017 12.229
202209 13.870 125.227 14.595
202212 13.488 125.222 14.194
202303 15.120 127.348 15.646
202306 11.762 128.729 12.040
202309 14.565 129.860 14.780
202312 12.680 129.419 12.911
202403 15.813 131.776 15.813

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.


The Hershey Co  (BSP:HSHY34) 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.


The Hershey Co Cyclically Adjusted PS Ratio Related Terms

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


The Hershey Co (BSP:HSHY34) Business Description

Traded in Other Exchanges
Address
19 East Chocolate Avenue, Hershey, PA, USA, 17033
Hershey is a leading confectionery manufacturer in the U.S. (around a $25 billion market), controlling around 45% of the domestic chocolate space (per IRI, as cited by Hershey). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the U.S., including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.

The Hershey Co (BSP:HSHY34) Headlines

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