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IMI (FRA:IMI) Cyclically Adjusted PS Ratio : 2.32 (As of Jun. 07, 2024)


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What is IMI Cyclically Adjusted PS Ratio?

As of today (2024-06-07), IMI's current share price is €19.90. IMI's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €8.57. IMI's Cyclically Adjusted PS Ratio for today is 2.32.

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

FRA:IMI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.81   Max: 2.74
Current: 2.28

During the past years, IMI's highest Cyclically Adjusted PS Ratio was 2.74. The lowest was 0.97. And the median was 1.81.

FRA:IMI's Cyclically Adjusted PS Ratio is ranked worse than
65.45% of 2197 companies
in the Industrial Products industry
Industry Median: 1.42 vs FRA:IMI: 2.28

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.

IMI's adjusted revenue per share data for the three months ended in Dec. 2023 was €4.959. 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 €8.57 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


IMI Cyclically Adjusted PS Ratio Historical Data

The historical data trend for IMI'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.

IMI Cyclically Adjusted PS Ratio Chart

IMI 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 1.68 1.68 2.46 1.67 2.09

IMI Quarterly Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 2.46 - 1.67 - 2.09

Competitive Comparison of IMI's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, IMI'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.


IMI's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, IMI's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



IMI 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19.90/8.57
=2.32

* 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.

IMI's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, IMI's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.959/130.5000*130.5000
=4.959

Current CPI (Dec. 2023) = 130.5000.

IMI Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200306 3.660 76.700 6.227
200312 3.561 77.300 6.012
200506 3.082 79.400 5.066
200512 3.340 80.300 5.428
200606 3.553 81.500 5.689
200612 3.850 82.600 6.083
200706 3.951 83.500 6.175
200712 3.903 84.500 6.028
200806 4.067 86.600 6.129
200812 3.868 87.100 5.795
200906 3.763 88.100 5.574
200912 3.537 88.900 5.192
201006 3.946 90.200 5.709
201012 4.104 91.700 5.840
201106 4.125 93.500 5.757
201112 4.627 95.000 6.356
201206 4.783 95.600 6.529
201212 2.647 97.300 3.550
201306 3.031 98.000 4.036
201312 3.904 99.200 5.136
201406 3.563 99.800 4.659
201412 4.023 99.900 5.255
201506 3.939 100.100 5.135
201512 3.959 100.400 5.146
201606 3.549 101.000 4.586
201612 3.847 102.200 4.912
201706 3.537 103.500 4.460
201712 3.766 105.000 4.681
201806 3.831 105.900 4.721
201812 4.073 107.100 4.963
201906 3.767 107.900 4.556
201912 4.188 108.500 5.037
202006 3.549 108.800 4.257
202012 3.893 109.400 4.644
202106 3.895 111.400 4.563
202112 4.211 114.700 4.791
202206 4.374 120.500 4.737
202212 4.772 125.300 4.970
202306 4.870 129.400 4.911
202312 4.959 130.500 4.959

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.


IMI  (FRA:IMI) 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.


IMI Cyclically Adjusted PS Ratio Related Terms

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


IMI (FRA:IMI) Business Description

Industry
Traded in Other Exchanges
Address
Lakeside, Solihull Parkway, Birmingham Business Park, Birmingham, GBR, B37 7XZ
IMI plc is a specialized engineering company that manufactures and services products for controlling the movement of air and fluids. It develops technologies centered around valves and actuators to improve processes. The company's segments are grouped into five sectors: Process Automation, Industrial Automation, Life Science and Fluid Control, Climate Control, and Transport. Solutions can help with power generation in nuclear power plants, fuel delivery, or provide heating and cooling systems to various buildings. Customers work in energy, transportation, infrastructure, and other industrial sectors. It operates a global service network to provide maintenance and repairs. Revenue based on customer location is fairly split between Western Europe, North America, and emerging markets.