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Adecco Group AG (Adecco Group AG) Cyclically Adjusted PS Ratio : 0.19 (As of Apr. 27, 2024)


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What is Adecco Group AG Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Adecco Group AG's current share price is $17.3506. Adecco Group AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $90.80. Adecco Group AG's Cyclically Adjusted PS Ratio for today is 0.19.

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

AHEXY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.41   Max: 0.57
Current: 0.21

During the past years, Adecco Group AG's highest Cyclically Adjusted PS Ratio was 0.57. The lowest was 0.18. And the median was 0.41.

AHEXY's Cyclically Adjusted PS Ratio is ranked better than
85.55% of 678 companies
in the Business Services industry
Industry Median: 0.895 vs AHEXY: 0.21

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.

Adecco Group AG's adjusted revenue per share data for the three months ended in Dec. 2023 was $19.797. 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 $90.80 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adecco Group AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Adecco Group 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.

Adecco Group AG Cyclically Adjusted PS Ratio Chart

Adecco Group 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 0.43 0.42 0.32 0.20 0.27

Adecco Group AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.20 0.22 0.19 0.25 0.27

Competitive Comparison of Adecco Group AG's Cyclically Adjusted PS Ratio

For the Staffing & Employment Services subindustry, Adecco Group 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.


Adecco Group AG's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Adecco Group AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Adecco Group 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.

Adecco Group AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.3506/90.8
=0.19

* 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.

Adecco Group AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Adecco Group AG's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=19.797/106.4611*106.4611
=19.797

Current CPI (Dec. 2023) = 106.4611.

Adecco Group AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 18.052 101.224 18.986
201406 19.071 101.517 20.000
201409 18.981 101.247 19.959
201412 18.290 100.704 19.336
201503 15.856 100.339 16.823
201506 18.052 100.464 19.130
201509 18.459 99.785 19.694
201512 17.978 99.386 19.258
201603 17.427 99.475 18.651
201606 18.765 100.088 19.960
201609 19.123 99.604 20.439
201612 18.134 99.380 19.426
201703 17.974 100.040 19.128
201706 19.738 100.285 20.954
201709 20.841 100.254 22.131
201712 21.433 100.213 22.769
201803 21.143 100.836 22.323
201806 21.309 101.435 22.365
201809 21.086 101.246 22.172
201812 21.129 100.906 22.292
201903 19.580 101.571 20.523
201906 20.606 102.044 21.498
201909 19.998 101.396 20.997
201912 20.381 101.063 21.470
202003 17.473 101.048 18.409
202006 14.543 100.743 15.368
202009 17.607 100.585 18.636
202012 20.300 100.241 21.560
202103 18.271 100.800 19.297
202106 19.594 101.352 20.582
202109 19.004 101.533 19.926
202112 18.751 101.776 19.614
202203 18.019 103.205 18.587
202206 18.758 104.783 19.058
202209 17.895 104.835 18.173
202212 19.665 104.666 20.002
202303 18.810 106.245 18.848
202306 19.356 106.576 19.335
202309 18.907 106.570 18.888
202312 19.797 106.461 19.797

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.


Adecco Group AG  (OTCPK:AHEXY) 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.


Adecco Group AG Cyclically Adjusted PS Ratio Related Terms

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


Adecco Group AG (Adecco Group AG) Business Description

Traded in Other Exchanges
Address
Bellerivestrasse 30, Zurich, CHE, CH-8008
Adecco Group AG is a provider of human capital solutions including Flexible placement, Permanent placement, Career Transition, Outsourcing, Consulting Services in engineering, Digital and IT, Talent services, Training, Up/ Re-skilling and Other services. It is organised into three business units Adecco, Akkodis and LHH. The company provides services to businesses and organisations located throughout Europe, North America, Asia Pacific, South America, and North Africa.