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Lang & Schwarz AG (XTER:LUS1) Cyclically Adjusted PS Ratio : 0.37 (As of Jun. 08, 2024)


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What is Lang & Schwarz AG Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Lang & Schwarz AG's current share price is €19.40. Lang & Schwarz AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was €51.84. Lang & Schwarz AG's Cyclically Adjusted PS Ratio for today is 0.37.

The historical rank and industry rank for Lang & Schwarz AG's Cyclically Adjusted PS Ratio or its related term are showing as below:

XTER:LUS1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.27   Max: 1.41
Current: 0.35

During the past 13 years, Lang & Schwarz AG's highest Cyclically Adjusted PS Ratio was 1.41. The lowest was 0.13. And the median was 0.27.

XTER:LUS1's Cyclically Adjusted PS Ratio is ranked better than
90.05% of 593 companies
in the Capital Markets industry
Industry Median: 3.08 vs XTER:LUS1: 0.35

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.

Lang & Schwarz AG's adjusted revenue per share data of for the fiscal year that ended in Dec23 was €51.417. 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 €51.84 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lang & Schwarz AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Lang & Schwarz AG'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.

Lang & Schwarz AG Cyclically Adjusted PS Ratio Chart

Lang & Schwarz AG 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 0.14 0.60 0.73 0.19 0.17

Lang & Schwarz AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.73 - 0.19 - 0.17

Competitive Comparison of Lang & Schwarz AG's Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, Lang & Schwarz AG'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.


Lang & Schwarz AG's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Lang & Schwarz AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Lang & Schwarz AG's Cyclically Adjusted PS Ratio falls into.



Lang & Schwarz AG 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.

Lang & Schwarz AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19.40/51.84
=0.37

* 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.

Lang & Schwarz AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Lang & Schwarz AG's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=51.417/123.7729*123.7729
=51.417

Current CPI (Dec23) = 123.7729.

Lang & Schwarz AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 27.316 99.543 33.965
201512 27.900 99.717 34.631
201612 20.799 101.217 25.434
201712 31.054 102.617 37.456
201812 30.792 104.217 36.570
201912 25.943 105.818 30.345
202012 73.305 105.518 85.987
202112 88.914 110.384 99.699
202212 79.900 119.345 82.864
202312 51.417 123.773 51.417

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.


Lang & Schwarz AG  (XTER:LUS1) 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.


Lang & Schwarz AG Cyclically Adjusted PS Ratio Related Terms

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


Lang & Schwarz AG (XTER:LUS1) Business Description

Traded in Other Exchanges
Address
Breite Strasse 34, Dusseldorf, DEU, 40213
Lang & Schwarz AG is an operative holding company. It offers broad range of leverage products including traditional warrants, turbos, end-use turbos, SFDs and KOGS on indices, domestic and foreign equities, commodities, interest rates and currencies, both as well Intra-day emissions to be able to offer current strikes and knockout levels in every market situation.

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