GURUFOCUS.COM » STOCK LIST » Technology » Software » Xerox Holdings Corp (BSP:XRXB34) » Definitions » Cyclically Adjusted PS Ratio

Xerox Holdings (BSP:XRXB34) Cyclically Adjusted PS Ratio : 0.30 (As of May. 20, 2024)


View and export this data going back to 2012. Start your Free Trial

What is Xerox Holdings Cyclically Adjusted PS Ratio?

As of today (2024-05-20), Xerox Holdings's current share price is R$72.44. Xerox Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$237.83. Xerox Holdings's Cyclically Adjusted PS Ratio for today is 0.30.

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

BSP:XRXB34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.42   Max: 0.72
Current: 0.29

During the past years, Xerox Holdings's highest Cyclically Adjusted PS Ratio was 0.72. The lowest was 0.25. And the median was 0.42.

BSP:XRXB34's Cyclically Adjusted PS Ratio is ranked better than
88.73% of 1446 companies
in the Software industry
Industry Median: 1.87 vs BSP:XRXB34: 0.29

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.

Xerox Holdings's adjusted revenue per share data for the three months ended in Mar. 2024 was R$60.357. 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$237.83 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Xerox Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Xerox Holdings'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.

Xerox Holdings Cyclically Adjusted PS Ratio Chart

Xerox Holdings 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 0.69 0.46 0.45 0.29 0.38

Xerox Holdings 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 0.31 0.30 0.32 0.38 0.37

Competitive Comparison of Xerox Holdings's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, Xerox Holdings'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.


Xerox Holdings's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Xerox Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Xerox Holdings 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.

Xerox Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=72.44/237.83
=0.30

* 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.

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

For example, Xerox Holdings'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)
=60.357/131.7762*131.7762
=60.357

Current CPI (Mar. 2024) = 131.7762.

Xerox Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 37.427 100.560 49.045
201409 38.476 100.428 50.486
201412 -16.894 99.070 -22.471
201503 49.844 99.621 65.932
201506 51.690 100.684 67.652
201509 64.729 100.392 84.965
201512 -29.182 99.792 -38.535
201603 37.903 100.470 49.713
201606 37.422 101.688 48.495
201609 33.367 101.861 43.166
201612 35.653 101.863 46.123
201703 29.963 102.862 38.385
201706 32.139 103.349 40.979
201709 29.697 104.136 37.579
201712 31.707 104.011 40.171
201803 31.011 105.290 38.812
201806 36.694 106.317 45.481
201809 38.456 106.507 47.580
201812 37.250 105.998 46.309
201903 35.938 107.251 44.156
201906 37.086 108.070 45.221
201909 38.848 108.329 47.256
201912 46.635 108.420 56.681
202003 42.718 108.902 51.691
202006 35.261 108.767 42.720
202009 44.859 109.815 53.830
202012 49.785 109.897 59.697
202103 48.626 111.754 57.338
202106 47.699 114.631 54.833
202109 51.111 115.734 58.195
202112 59.102 117.630 66.210
202203 53.086 121.301 57.670
202206 56.830 125.017 59.903
202209 58.971 125.227 62.055
202212 65.004 125.222 68.406
202303 56.627 127.348 58.596
202306 54.222 128.729 55.506
202309 51.347 129.860 52.105
202312 68.788 129.419 70.041
202403 60.357 131.776 60.357

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.


Xerox Holdings  (BSP:XRXB34) 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.


Xerox Holdings Cyclically Adjusted PS Ratio Related Terms

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


Xerox Holdings (BSP:XRXB34) Business Description

Industry
Traded in Other Exchanges
Address
201 Merritt 7, P.O. Box 4505, Norwalk, CT, USA, 06851-1056
Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.

Xerox Holdings (BSP:XRXB34) Headlines

No Headlines