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Mesa Laboratories (Mesa Laboratories) Cyclically Adjusted PS Ratio : 3.64 (As of May. 22, 2024)


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What is Mesa Laboratories Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Mesa Laboratories's current share price is $118.47. Mesa Laboratories's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $32.56. Mesa Laboratories's Cyclically Adjusted PS Ratio for today is 3.64.

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

MLAB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.65   Med: 9.48   Max: 13.88
Current: 3.64

During the past years, Mesa Laboratories's highest Cyclically Adjusted PS Ratio was 13.88. The lowest was 2.65. And the median was 9.48.

MLAB's Cyclically Adjusted PS Ratio is ranked worse than
84.09% of 1923 companies
in the Hardware industry
Industry Median: 1.06 vs MLAB: 3.64

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.

Mesa Laboratories's adjusted revenue per share data for the three months ended in Dec. 2023 was $9.910. 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 $32.56 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mesa Laboratories Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Mesa Laboratories'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.

Mesa Laboratories Cyclically Adjusted PS Ratio Chart

Mesa Laboratories Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.49 10.92 10.76 9.55 5.73

Mesa Laboratories Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 5.65 5.73 4.10 3.27 3.22

Competitive Comparison of Mesa Laboratories's Cyclically Adjusted PS Ratio

For the Scientific & Technical Instruments subindustry, Mesa Laboratories'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.


Mesa Laboratories's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Mesa Laboratories's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Mesa Laboratories 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.

Mesa Laboratories's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=118.47/32.56
=3.64

* 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.

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

For example, Mesa Laboratories'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)
=9.91/129.4194*129.4194
=9.910

Current CPI (Dec. 2023) = 129.4194.

Mesa Laboratories Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 4.281 99.695 5.557
201406 4.486 100.560 5.773
201409 5.093 100.428 6.563
201412 4.880 99.070 6.375
201503 5.081 99.621 6.601
201506 4.896 100.684 6.293
201509 5.770 100.392 7.438
201512 5.260 99.792 6.822
201603 6.609 100.470 8.513
201606 5.553 101.688 7.067
201609 6.371 101.861 8.095
201612 6.164 101.863 7.832
201703 6.277 102.862 7.898
201706 5.780 103.349 7.238
201709 5.833 104.136 7.249
201712 6.261 104.011 7.790
201803 7.102 105.290 8.730
201806 6.276 106.317 7.640
201809 6.146 106.507 7.468
201812 6.596 105.998 8.053
201903 6.577 107.251 7.936
201906 6.434 108.070 7.705
201909 5.910 108.329 7.061
201912 7.249 108.420 8.653
202003 7.821 108.902 9.295
202006 6.413 108.767 7.631
202009 6.079 109.815 7.164
202012 6.668 109.897 7.853
202103 6.625 111.754 7.672
202106 6.587 114.631 7.437
202109 6.707 115.734 7.500
202112 10.452 117.630 11.500
202203 11.024 121.301 11.762
202206 9.568 125.017 9.905
202209 10.952 125.227 11.319
202212 10.128 125.222 10.468
202303 10.329 127.348 10.497
202306 9.428 128.729 9.479
202309 9.869 129.860 9.836
202312 9.910 129.419 9.910

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.


Mesa Laboratories  (NAS:MLAB) 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.


Mesa Laboratories Cyclically Adjusted PS Ratio Related Terms

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


Mesa Laboratories (Mesa Laboratories) Business Description

Industry
Traded in Other Exchanges
Address
12100 West Sixth Avenue, Lakewood, CO, USA, 80228
Mesa Laboratories Inc manufactures life sciences tools and critical quality control products. It operates in 4 divisions: Sterilization and Disinfection Control, which manufactures and sells biological, cleaning, and chemical indicators. It also provides testing and laboratory services, mainly to the dental industry; Biopharmaceutical Development segment develops, manufactures, and sells automated systems for protein analysis (immunoassays) and peptide synthesis solutions; Calibration Solutions division develops, manufactures, and sells quality control and calibration products used to measure or calibrate temperature, pressure, pH, humidity, and other such parameters for health and safety purposes; and Clinical Genomics. Its geographical segments include United States and Foreign.
Executives
Brian David Archbold officer: SVP of Continuous Improvement 12100 W. 6TH AVENUE, LAKEWOOD CO 80228
John Bradley Schmieder director C/O MESA LABORATORIES, INC., 12100 W. 6TH AVENUE, LAKEWOOD CO 80228
Gary M Owens officer: COO 12100 W. 6TH AVENUE, LAKEWOOD CO 80228
John V Sakys officer: VP Finance, CFO MESA LABORATORIES, INC., 12100 W. 6TH AVENUE, LAKEWOOD CO 80228
Shannon Hall director 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547
Evan Guillemin director 380 LAFAYETTE STREET, SIXTH FLOOR, NEW YORK NY 10003
R Tony Tripeny director ONE RIVERFRONT PLAZA, CORNING NY 14831
Gregory Dinoia officer: SVP Commercial Operations 12100 W. 6TH AVENUE, LAKEWOOD CO 80228
Mesa Laboratories Inc /co/ director 12100 W 6TH AVE, LAKEWOOD CO 80228
John James Sullivan officer: VP Sales & Marketing 12100 W. 6TH AVENUE, LAKEWOOD CO 80228
David M Kelly director
Shiraz Shabanali Ladiwala director C/O THERMO FISHER SCIENTIFIC INC., 168 THIRD AVENUE, WALTHAM MA 02451
Robert V Dwyer director 12100 W 6TH AVE, LAKEWOOD CO 80228
Jennifer Sadie Alltoft director 12100 W. 6TH AVENUE, LAKEWOOD CO 80228
David Brian Perez director 12100 6TH AVENUE, LAKEWOOD CO 80228