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La-Z-Boy (FRA:LAZ) Cyclically Adjusted PS Ratio : 0.77 (As of Jun. 10, 2024)


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What is La-Z-Boy Cyclically Adjusted PS Ratio?

As of today (2024-06-10), La-Z-Boy's current share price is €32.20. La-Z-Boy's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was €41.91. La-Z-Boy's Cyclically Adjusted PS Ratio for today is 0.77.

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

FRA:LAZ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.95   Max: 1.42
Current: 0.79

During the past years, La-Z-Boy's highest Cyclically Adjusted PS Ratio was 1.42. The lowest was 0.55. And the median was 0.95.

FRA:LAZ's Cyclically Adjusted PS Ratio is ranked better than
52.06% of 315 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.84 vs FRA:LAZ: 0.79

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.

La-Z-Boy's adjusted revenue per share data for the three months ended in Jan. 2024 was €10.635. 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 €41.91 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


La-Z-Boy Cyclically Adjusted PS Ratio Historical Data

The historical data trend for La-Z-Boy'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.

La-Z-Boy Cyclically Adjusted PS Ratio Chart

La-Z-Boy Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 0.76 1.34 0.68 0.67

La-Z-Boy Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.68 0.67 0.72 0.66 0.78

Competitive Comparison of La-Z-Boy's Cyclically Adjusted PS Ratio

For the Furnishings, Fixtures & Appliances subindustry, La-Z-Boy'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.


La-Z-Boy's Cyclically Adjusted PS Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La-Z-Boy's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where La-Z-Boy's Cyclically Adjusted PS Ratio falls into.



La-Z-Boy 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.

La-Z-Boy's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=32.20/41.91
=0.77

* 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.

La-Z-Boy's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, La-Z-Boy's adjusted Revenue per Share data for the three months ended in Jan. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=10.635/130.1244*130.1244
=10.635

Current CPI (Jan. 2024) = 130.1244.

La-Z-Boy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 4.632 100.023 6.026
201407 4.592 100.520 5.944
201410 5.471 100.176 7.107
201501 5.910 98.604 7.799
201504 6.693 99.824 8.725
201507 6.080 100.691 7.857
201510 6.684 100.346 8.667
201601 6.998 99.957 9.110
201604 7.288 100.947 9.395
201607 6.219 101.524 7.971
201610 6.906 101.988 8.811
201701 7.423 102.456 9.428
201704 7.813 103.167 9.854
201707 6.338 103.278 7.986
201710 6.928 104.070 8.662
201801 7.102 104.578 8.837
201804 7.197 105.708 8.859
201807 6.982 106.324 8.545
201810 8.088 106.695 9.864
201901 8.698 106.200 10.657
201904 8.468 107.818 10.220
201907 7.829 108.250 9.411
201910 8.624 108.577 10.335
202001 9.204 108.841 11.004
202004 7.291 108.173 8.771
202007 5.403 109.318 6.431
202010 8.425 109.861 9.979
202101 8.245 110.364 9.721
202104 9.390 112.673 10.844
202107 9.778 115.183 11.046
202110 11.175 116.696 12.461
202201 11.492 118.619 12.607
202204 14.655 121.978 15.634
202207 13.764 125.002 14.328
202210 14.369 125.734 14.871
202301 12.321 126.223 12.702
202304 11.733 127.992 11.928
202307 10.048 128.974 10.138
202310 11.159 129.810 11.186
202401 10.635 130.124 10.635

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.


La-Z-Boy  (FRA:LAZ) 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.


La-Z-Boy Cyclically Adjusted PS Ratio Related Terms

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


La-Z-Boy (FRA:LAZ) Business Description

Traded in Other Exchanges
Address
One La-Z-Boy Drive, Monroe, MI, USA, 48162-5138
La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment. Some of the core brands of the firm include England, Kincaid, American Drew, and Hammary.