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Time Warner (Time Warner) Cyclically Adjusted PS Ratio : (As of May. 05, 2024)


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What is Time Warner Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Time Warner Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Time Warner'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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Time Warner Cyclically Adjusted PS Ratio Chart

Time Warner Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PS Ratio
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Time Warner Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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Competitive Comparison of Time Warner's Cyclically Adjusted PS Ratio

For the Broadcasting subindustry, Time Warner'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.


Time Warner's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Time Warner's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Time Warner 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.

Time Warner's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2018 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2018 (Change)*Current CPI (Mar. 2018)
=10.096/105.2895*105.2895
=10.096

Current CPI (Mar. 2018) = 105.2895.

Time Warner Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200806 6.218 92.320 7.091
200809 6.305 92.307 7.192
200812 3.344 88.697 3.970
200903 4.995 89.744 5.860
200906 4.911 91.003 5.682
200909 5.248 91.120 6.064
200912 6.103 91.111 7.053
201003 5.425 91.821 6.221
201006 5.527 91.962 6.328
201009 5.604 92.162 6.402
201012 6.950 92.474 7.913
201103 6.020 94.283 6.723
201106 6.486 95.235 7.171
201109 6.710 95.727 7.380
201112 8.105 95.213 8.963
201203 7.049 96.783 7.669
201206 6.923 96.819 7.529
201209 7.025 97.633 7.576
201212 4.922 96.871 5.350
201303 7.255 98.209 7.778
201306 6.950 98.518 7.428
201309 6.436 98.790 6.859
201312 8.227 98.326 8.810
201403 7.471 99.695 7.890
201406 7.591 100.560 7.948
201409 7.174 100.428 7.521
201412 8.795 99.070 9.347
201503 8.425 99.621 8.904
201506 8.786 100.684 9.188
201509 7.965 100.392 8.354
201512 8.723 99.792 9.204
201603 9.109 100.470 9.546
201606 8.740 101.688 9.050
201609 9.101 101.861 9.407
201612 10.066 101.863 10.405
201703 9.800 102.862 10.031
201706 9.278 103.349 9.452
201709 9.593 104.136 9.699
201712 10.874 104.011 11.008
201803 10.096 105.290 10.096

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.


Time Warner  (NYSE:TWX) 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.


Time Warner Cyclically Adjusted PS Ratio Related Terms

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


Time Warner (Time Warner) Business Description

Traded in Other Exchanges
N/A
Address
Time Warner is a pure-play entertainment company that owns several television networks, including HBO, CNN, TNT, and the CW. The filmed entertainment segment creates and distributes movies and television programming for internal and external distribution outlets. Warner Bros. and New Line Cinema combine to form the largest filmmaker in the world. The company owns a deep and valuable content library that includes popular movie franchises such as DC Comics and Harry Potter and television programs such as Friends and The Big Bang Theory.
Executives
Fred Hassan director C/O CARET GROUP,, 1100 HOLLAND DR., BOCA RATON FL 33487
Douglas Edward Horne officer: SVP and Controller ONE TIME WARNER CENTER, NEW YORK NY 10019
Gary L Ginsberg officer: Executive Vice President TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Olaf Olafsson officer: Executive Vice President C/O TIME WARNER INC. ONE TIME WARNER CENTER NEW YORK NY 10019
Paul Wachter director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Robert C Clark director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
William P Barr director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Howard M Averill officer: EVP and CFO CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103
Paul T Cappuccio officer: EVP and General Counsel TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Carlos M Gutierrez director 5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046
Carol A Melton officer: Executive Vice President 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
Jessica P Einhorn director C/O BLACKROCK, INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Mathias Dopfner director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Deborah C Wright director CARVER BANCORP, INC, 75 W. 125TH STREET, NEW YORK NY 10027
James L Barksdale director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019

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