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Owens-Corning (FRA:O5Q) Cyclically Adjusted PS Ratio : 2.21 (As of Jun. 07, 2024)


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What is Owens-Corning Cyclically Adjusted PS Ratio?

As of today (2024-06-07), Owens-Corning's current share price is €164.05. Owens-Corning's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €74.32. Owens-Corning's Cyclically Adjusted PS Ratio for today is 2.21.

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

FRA:O5Q' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.51   Med: 1.23   Max: 2.24
Current: 2.22

During the past years, Owens-Corning's highest Cyclically Adjusted PS Ratio was 2.24. The lowest was 0.51. And the median was 1.23.

FRA:O5Q's Cyclically Adjusted PS Ratio is ranked worse than
82.94% of 1284 companies
in the Construction industry
Industry Median: 0.64 vs FRA:O5Q: 2.22

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.

Owens-Corning's adjusted revenue per share data for the three months ended in Mar. 2024 was €24.073. 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 €74.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Owens-Corning Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Owens-Corning'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.

Owens-Corning Cyclically Adjusted PS Ratio Chart

Owens-Corning 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 1.23 1.36 1.45 1.20 1.89

Owens-Corning 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 1.30 1.73 1.76 1.89 2.06

Competitive Comparison of Owens-Corning's Cyclically Adjusted PS Ratio

For the Building Products & Equipment subindustry, Owens-Corning'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.


Owens-Corning's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Owens-Corning's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Owens-Corning 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.

Owens-Corning's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=164.05/74.32
=2.21

* 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.

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

For example, Owens-Corning'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)
=24.073/131.7762*131.7762
=24.073

Current CPI (Mar. 2024) = 131.7762.

Owens-Corning Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.430 100.560 11.047
201409 9.081 100.428 11.916
201412 8.535 99.070 11.353
201503 9.380 99.621 12.408
201506 10.567 100.684 13.830
201509 10.898 100.392 14.305
201512 10.125 99.792 13.370
201603 9.489 100.470 12.446
201606 11.813 101.688 15.308
201609 11.720 101.861 15.162
201612 11.541 101.863 14.930
201703 12.176 102.862 15.599
201706 12.567 103.349 16.024
201709 12.678 104.136 16.043
201712 11.988 104.011 15.188
201803 12.158 105.290 15.216
201806 13.953 106.317 17.294
201809 14.049 106.507 17.382
201812 13.714 105.998 17.049
201903 13.400 107.251 16.464
201906 15.502 108.070 18.903
201909 15.543 108.329 18.907
201912 13.793 108.420 16.764
202003 13.317 108.902 16.114
202006 13.251 108.767 16.054
202009 14.763 109.815 17.715
202012 14.611 109.897 17.520
202103 15.175 111.754 17.894
202106 17.615 114.631 20.250
202109 18.104 115.734 20.613
202112 18.562 117.630 20.794
202203 21.259 121.301 23.095
202206 25.006 125.017 26.358
202209 26.306 125.227 27.682
202212 22.778 125.222 23.970
202303 23.690 127.348 24.514
202306 25.911 128.729 26.524
202309 25.554 129.860 25.931
202312 23.606 129.419 24.036
202403 24.073 131.776 24.073

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.


Owens-Corning  (FRA:O5Q) 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.


Owens-Corning Cyclically Adjusted PS Ratio Related Terms

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


Owens-Corning (FRA:O5Q) Business Description

Industry
Traded in Other Exchanges
Address
One Owens Corning Parkway, Toledo, OH, USA, 43659
Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. The company generates maximum revenue from the Insulation segment. Its Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing, and accessories. It also manufactures and sells glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation used in above- and below-grade construction applications.

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