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Vestas Wind Systems A/S (OCSE:VWS) Cyclically Adjusted PS Ratio : 1.95 (As of Jun. 06, 2024)


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What is Vestas Wind Systems A/S Cyclically Adjusted PS Ratio?

As of today (2024-06-06), Vestas Wind Systems A/S's current share price is kr191.75. Vestas Wind Systems A/S's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was kr98.34. Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio for today is 1.95.

The historical rank and industry rank for Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio or its related term are showing as below:

OCSE:VWS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.37   Med: 2.08   Max: 4.52
Current: 1.96

During the past years, Vestas Wind Systems A/S's highest Cyclically Adjusted PS Ratio was 4.52. The lowest was 1.37. And the median was 2.08.

OCSE:VWS's Cyclically Adjusted PS Ratio is ranked worse than
60.49% of 2197 companies
in the Industrial Products industry
Industry Median: 1.42 vs OCSE:VWS: 1.96

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.

Vestas Wind Systems A/S's adjusted revenue per share data for the three months ended in Mar. 2024 was kr19.792. 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 kr98.34 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vestas Wind Systems A/S Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Vestas Wind Systems A/S'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.

Vestas Wind Systems A/S Cyclically Adjusted PS Ratio Chart

Vestas Wind Systems A/S 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 2.17 4.17 2.57 2.27 2.23

Vestas Wind Systems A/S 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 2.18 1.97 1.59 2.23 1.96

Competitive Comparison of Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, Vestas Wind Systems A/S'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.


Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio falls into.



Vestas Wind Systems A/S 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.

Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=191.75/98.34
=1.95

* 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.

Vestas Wind Systems A/S's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Vestas Wind Systems A/S'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)
=19.792/118.4000*118.4000
=19.792

Current CPI (Mar. 2024) = 118.4000.

Vestas Wind Systems A/S Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 9.046 99.700 10.743
201409 12.171 99.700 14.454
201412 16.408 99.400 19.544
201503 10.121 100.200 11.959
201506 11.689 100.300 13.798
201509 14.116 100.200 16.680
201512 20.552 99.800 24.382
201603 9.985 100.200 11.799
201606 17.243 100.600 20.294
201609 19.601 100.200 23.161
201612 22.754 100.300 26.860
201703 13.146 101.200 15.380
201706 15.351 101.200 17.960
201709 19.208 101.800 22.340
201712 22.209 101.300 25.958
201803 12.369 101.700 14.400
201806 16.840 102.300 19.490
201809 20.620 102.400 23.842
201812 25.529 102.100 29.605
201903 13.430 102.900 15.453
201906 15.847 102.900 18.234
201909 27.219 102.900 31.319
201912 35.792 102.900 41.183
202003 17.064 103.300 19.558
202006 37.721 103.200 43.277
202009 36.229 103.500 41.445
202012 30.740 103.400 35.199
202103 15.023 104.300 17.054
202106 25.655 105.000 28.929
202109 39.390 105.800 44.081
202112 32.079 106.600 35.630
202203 18.297 109.900 19.712
202206 24.804 113.600 25.852
202209 29.717 116.400 30.228
202212 34.824 115.900 35.575
202303 20.849 117.300 21.045
202306 26.640 116.400 27.098
202309 33.582 117.400 33.868
202312 35.691 116.700 36.211
202403 19.792 118.400 19.792

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.


Vestas Wind Systems A/S  (OCSE:VWS) 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.


Vestas Wind Systems A/S Cyclically Adjusted PS Ratio Related Terms

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


Vestas Wind Systems A/S (OCSE:VWS) Business Description

Address
Hedeager 42, Aarhus, DNK, 8200
Vestas is a leading manufacturer of wind turbines with the highest installed capacity under service in the world. The firm operates two business segments: power solutions and services. The power solutions segment designs, manufactures, and installs onshore and offshore wind turbines. The services segment performs operating and maintenance service work on wind turbines.

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