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Boston Beer Co (FRA:BBEA) Cyclically Adjusted PS Ratio : 2.19 (As of Jun. 08, 2024)


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What is Boston Beer Co Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Boston Beer Co's current share price is €267.80. Boston Beer Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €122.09. Boston Beer Co's Cyclically Adjusted PS Ratio for today is 2.19.

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

FRA:BBEA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.97   Med: 4.94   Max: 15.38
Current: 2.2

During the past years, Boston Beer Co's highest Cyclically Adjusted PS Ratio was 15.38. The lowest was 1.97. And the median was 4.94.

FRA:BBEA's Cyclically Adjusted PS Ratio is ranked worse than
57.4% of 169 companies
in the Beverages - Alcoholic industry
Industry Median: 1.69 vs FRA:BBEA: 2.20

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.

Boston Beer Co's adjusted revenue per share data for the three months ended in Mar. 2024 was €32.515. 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 €122.09 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boston Beer Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Boston Beer 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.

Boston Beer Co Cyclically Adjusted PS Ratio Chart

Boston Beer 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 5.55 12.53 5.19 2.86 2.70

Boston Beer 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 2.76 2.50 3.06 2.70 2.30

Competitive Comparison of Boston Beer Co's Cyclically Adjusted PS Ratio

For the Beverages - Brewers subindustry, Boston Beer 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.


Boston Beer Co's Cyclically Adjusted PS Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Boston Beer Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Boston Beer 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.

Boston Beer Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=267.80/122.09
=2.19

* 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.

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

For example, Boston Beer 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)
=32.515/131.7762*131.7762
=32.515

Current CPI (Mar. 2024) = 131.7762.

Boston Beer Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 12.640 100.560 16.564
201409 15.510 100.428 20.351
201412 13.066 99.070 17.380
201503 13.522 99.621 17.887
201506 16.442 100.684 21.519
201509 19.334 100.392 25.378
201512 14.878 99.792 19.646
201603 12.956 100.470 16.993
201606 16.983 101.688 22.008
201609 17.863 101.861 23.109
201612 16.472 101.863 21.309
201703 12.079 102.862 15.474
201706 18.003 103.349 22.955
201709 17.220 104.136 21.791
201712 14.746 104.011 18.682
201803 13.056 105.290 16.340
201806 19.833 106.317 24.582
201809 22.474 106.507 27.806
201812 17.041 105.998 21.185
201903 19.140 107.251 23.517
201906 24.118 108.070 29.409
201909 28.284 108.329 34.406
201912 22.295 108.420 27.098
202003 24.550 108.902 29.707
202006 32.754 108.767 39.683
202009 33.924 109.815 40.708
202012 30.667 109.897 36.773
202103 36.756 111.754 43.341
202106 40.139 114.631 46.142
202109 38.870 115.734 44.258
202112 24.856 117.630 27.845
202203 31.751 121.301 34.493
202206 47.238 125.017 49.792
202209 48.802 125.227 51.354
202212 34.197 125.222 35.987
202303 31.111 127.348 32.193
202306 45.361 128.729 46.435
202309 46.080 129.860 46.760
202312 29.613 129.419 30.152
202403 32.515 131.776 32.515

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.


Boston Beer Co  (FRA:BBEA) 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.


Boston Beer Co Cyclically Adjusted PS Ratio Related Terms

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


Boston Beer Co (FRA:BBEA) Business Description

Traded in Other Exchanges
Address
One Design Center Place, Suite 850, Boston, MA, USA, 02210
Boston Beer is a top player in high-end malt beverages and adjacent categories in the U.S., with strong positions in craft beer, flavored malt beverage, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands, including Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates over 95% of sales in the U.S.

Boston Beer Co (FRA:BBEA) Headlines

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