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Textron (BSP:T1XT34) Cyclically Adjusted PS Ratio : 1.77 (As of May. 28, 2024)


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What is Textron Cyclically Adjusted PS Ratio?

As of today (2024-05-28), Textron's current share price is R$442.40. Textron's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$250.25. Textron's Cyclically Adjusted PS Ratio for today is 1.77.

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

BSP:T1XT34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.99   Max: 1.48
Current: 1.34

During the past years, Textron's highest Cyclically Adjusted PS Ratio was 1.48. The lowest was 0.44. And the median was 0.99.

BSP:T1XT34's Cyclically Adjusted PS Ratio is ranked better than
52.8% of 214 companies
in the Aerospace & Defense industry
Industry Median: 1.53 vs BSP:T1XT34: 1.34

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.

Textron's adjusted revenue per share data for the three months ended in Mar. 2024 was R$80.117. 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$250.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Textron Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Textron'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.

Textron Cyclically Adjusted PS Ratio Chart

Textron 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 0.88 0.92 1.35 1.15 1.24

Textron 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 1.13 1.06 1.21 1.24 1.45

Competitive Comparison of Textron's Cyclically Adjusted PS Ratio

For the Aerospace & Defense subindustry, Textron'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.


Textron's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Textron's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Textron 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=442.40/250.25
=1.77

* 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.

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

For example, Textron'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)
=80.117/131.7762*131.7762
=80.117

Current CPI (Mar. 2024) = 131.7762.

Textron Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 27.716 100.560 36.320
201409 28.534 100.428 37.441
201412 38.663 99.070 51.427
201503 34.467 99.621 45.592
201506 36.093 100.684 47.239
201509 44.642 100.392 58.598
201512 55.020 99.792 72.654
201603 43.357 100.470 56.867
201606 44.301 101.688 57.409
201609 38.869 101.861 50.284
201612 46.940 101.863 60.725
201703 35.456 102.862 45.422
201706 44.102 103.349 56.233
201709 40.877 104.136 51.727
201712 49.797 104.011 63.090
201803 40.989 105.290 51.300
201806 54.635 106.317 67.718
201809 52.723 106.507 65.232
201812 60.026 105.998 74.624
201903 50.503 107.251 62.052
201906 53.276 108.070 64.963
201909 58.094 108.329 70.668
201912 72.080 108.420 87.608
202003 59.272 108.902 71.722
202006 56.192 108.767 68.079
202009 64.415 109.815 77.297
202012 82.237 109.897 98.610
202103 71.067 111.754 83.799
202106 70.240 114.631 80.745
202109 69.691 115.734 79.351
202112 84.356 117.630 94.501
202203 68.004 121.301 73.877
202206 73.482 125.017 77.455
202209 75.724 125.227 79.685
202212 90.610 125.222 95.353
202303 76.087 127.348 78.733
202306 82.066 128.729 84.009
202309 82.554 129.860 83.772
202312 96.515 129.419 98.273
202403 80.117 131.776 80.117

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.


Textron  (BSP:T1XT34) 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.


Textron Cyclically Adjusted PS Ratio Related Terms

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


Textron (BSP:T1XT34) Business Description

Traded in Other Exchanges
Address
40 Westminster Street, Providence, RI, USA, 02903
Textron is a conglomerate that mostly designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.

Textron (BSP:T1XT34) Headlines

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