GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rowan Companies PLC (NYSE:RDC) » Definitions » Cyclically Adjusted PS Ratio

Rowan (RDC) Cyclically Adjusted PS Ratio : (As of May. 05, 2024)


View and export this data going back to 1972. Start your Free Trial

What is Rowan Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Rowan Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Rowan'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.

Rowan Cyclically Adjusted PS Ratio Chart

Rowan Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Rowan Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 - - - - -

Competitive Comparison of Rowan's Cyclically Adjusted PS Ratio

For the Oil & Gas Drilling subindustry, Rowan'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.


Rowan's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Rowan's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Rowan 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.

Rowan's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2018 is calculated as:

For example, Rowan's adjusted Revenue per Share data for the three months ended in Dec. 2018 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2018 (Change)*Current CPI (Dec. 2018)
=1.414/105.9979*105.9979
=1.414

Current CPI (Dec. 2018) = 105.9979.

Rowan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200903 4.372 89.744 5.164
200906 4.243 91.003 4.942
200909 3.453 91.120 4.017
200912 3.520 91.111 4.095
201003 3.747 91.821 4.326
201006 4.261 91.962 4.911
201009 2.014 92.162 2.316
201012 3.607 92.474 4.135
201103 2.864 94.283 3.220
201106 1.752 95.235 1.950
201109 1.856 95.727 2.055
201112 2.206 95.213 2.456
201203 2.694 96.783 2.951
201206 2.836 96.819 3.105
201209 2.853 97.633 3.097
201212 2.854 96.871 3.123
201303 3.174 98.209 3.426
201306 3.287 98.518 3.537
201309 3.072 98.790 3.296
201312 3.154 98.326 3.400
201403 3.029 99.695 3.221
201406 3.387 100.560 3.570
201409 3.740 100.428 3.947
201412 4.472 99.070 4.785
201503 4.373 99.621 4.653
201506 4.057 100.684 4.271
201509 4.370 100.392 4.614
201512 4.209 99.792 4.471
201603 3.976 100.470 4.195
201606 4.845 101.688 5.050
201609 2.994 101.861 3.116
201612 2.792 101.863 2.905
201703 2.938 102.862 3.028
201706 2.535 103.349 2.600
201709 2.311 104.136 2.352
201712 2.239 104.011 2.282
201803 1.670 105.290 1.681
201806 1.900 106.317 1.894
201809 1.518 106.507 1.511
201812 1.414 105.998 1.414

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.


Rowan  (NYSE:RDC) 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.


Rowan Cyclically Adjusted PS Ratio Related Terms

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


Rowan (RDC) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2800 Post Oak Boulevard, Suite 5450, Houston, TX, USA, 77056-6189
Rowan Companies has been drilling for oil and gas for 90 years, serving oil and gas companies globally. In 2011 and 2012, the firm entered the deep-water market with four new rig orders. Rowan now operates 29 offshore drilling units, which includes 25 jackup drilling units, and four ultra-deepwater drillships.
Executives
Charles L Szews director 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Stephen M Butz officer: EVP & CFO C/O HERCULES OFFSHORE, INC., 9 GREENWAY PLAZA, SUITE 2200, HOUSTON TX 77046
Alan Quintero officer: SVP - Business Development 15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Thomas Peter Burke director, officer: President & CEO 2800 POST OAK BLVD, HOUSTON TX 77056
Thomas R Hix director C/O COOPER CAMERON, 1333 WEST LOOP S. #1700, HOUSTON TX 77027
Suzanne P Nimocks director 2800 POST OAK BLVD, SUITE 5450, HOUSTON TX 77056
Dennis S Baldwin officer: Chief Accounting Officer 1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
John J Quicke director C/O SEQUA CORP, 200 PARK AVENUE, 44TH FL, NEW YORK NY 10166
Tore I Sandvold director C/O SCHLUMBERGER LIMITED, 5999 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
William E Albrecht director 9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
Jack B Moore director 5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046
Thierry Pilenko director 10300 TOWN PARK DRIVE, HOUSTON TX 77072
P Dexter Peacock director PO BOX 4544, PO BOX 4544, HOUSTON TX 77210-4544
Melanie Montague Trent officer: EVP, General Counsel & CAO 2800 POST OAK BLVD., SUITE 5450, HOUSTON TX 7056
W Matt Ralls director, officer: Executive Chairman ROWAN COMPANIES, HOUSTON TX 77002