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Hoganas AB (OSTO:HOGA B) Cyclically Adjusted PS Ratio : (As of Jun. 10, 2024)


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What is Hoganas AB Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoganas AB Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hoganas AB'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.

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Hoganas AB Cyclically Adjusted PS Ratio Chart

Hoganas AB Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Cyclically Adjusted PS Ratio
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Hoganas AB Quarterly Data
Dec07 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
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Competitive Comparison of Hoganas AB's Cyclically Adjusted PS Ratio

For the Steel subindustry, Hoganas AB'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.


Hoganas AB's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hoganas AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Hoganas AB 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.

Hoganas AB's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec12 is calculated as:

For example, Hoganas AB's adjusted Revenue per Share data for the fiscal year that ended in Dec12 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec12 (Change)*Current CPI (Dec12)
=192.846/100.4034*100.4034
=192.846

Current CPI (Dec12) = 100.4034.

Hoganas AB Annual Data

Revenue per Share CPI Adj_RevenuePerShare
200312 109.595 88.902 123.774
200412 121.628 89.151 136.980
200512 132.909 89.939 148.373
200612 147.429 91.410 161.933
200712 168.218 94.566 178.601
200812 175.348 95.419 184.509
200912 131.332 95.967 137.403
201012 191.668 98.211 195.947
201112 203.448 100.458 203.338
201212 192.846 100.403 192.846

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.


Hoganas AB  (OSTO:HOGA B) 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.


Hoganas AB Cyclically Adjusted PS Ratio Related Terms

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Hoganas AB (OSTO:HOGA B) Business Description

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Höganäs AB develops, manufactures and markets metal powders and metal powder technology. Metal powders are used in iron fortification, printing, surface coating, welding, friction materials, chemical and metallurgical processes & soft magnetic composites.

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