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A.O. Smith (A.O. Smith) Cyclically Adjusted PS Ratio : (As of Apr. 27, 2024)


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What is A.O. Smith Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


A.O. Smith Cyclically Adjusted PS Ratio Historical Data

The historical data trend for A.O. Smith'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.

A.O. Smith Cyclically Adjusted PS Ratio Chart

A.O. Smith 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 3.29 3.53 4.85 2.87 3.81

A.O. Smith Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.36 3.46 3.08 3.81 -

Competitive Comparison of A.O. Smith's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, A.O. Smith'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.


A.O. Smith's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, A.O. Smith's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



A.O. Smith 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.

A.O. Smith's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, A.O. Smith's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=6.6/129.4194*129.4194
=6.600

Current CPI (Mar. 2024) = 129.4194.

A.O. Smith Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.266 100.560 4.203
201409 3.210 100.428 4.137
201412 3.473 99.070 4.537
201503 3.430 99.621 4.456
201506 3.638 100.684 4.676
201509 3.497 100.392 4.508
201512 3.606 99.792 4.677
201603 3.582 100.470 4.614
201606 3.768 101.688 4.796
201609 3.874 101.861 4.922
201612 3.968 101.863 5.041
201703 4.218 102.862 5.307
201706 4.221 103.349 5.286
201709 4.301 104.136 5.345
201712 4.423 104.011 5.503
201803 4.546 105.290 5.588
201806 4.824 106.317 5.872
201809 4.382 106.507 5.325
201812 4.762 105.998 5.814
201903 4.425 107.251 5.340
201906 4.554 108.070 5.454
201909 4.399 108.329 5.255
201912 4.574 108.420 5.460
202003 3.910 108.902 4.647
202006 4.094 108.767 4.871
202009 4.677 109.815 5.512
202012 5.124 109.897 6.034
202103 4.724 111.754 5.471
202106 5.316 114.631 6.002
202109 5.694 115.734 6.367
202112 6.216 117.630 6.839
202203 6.176 121.301 6.589
202206 6.167 125.017 6.384
202209 5.637 125.227 5.826
202212 6.113 125.222 6.318
202303 6.362 127.348 6.465
202306 6.340 128.729 6.374
202309 6.200 129.860 6.179
202312 6.613 129.419 6.613
202403 6.600 129.419 6.600

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.


A.O. Smith  (NYSE:AOS) 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.


A.O. Smith Cyclically Adjusted PS Ratio Related Terms

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


A.O. Smith (A.O. Smith) Business Description

Traded in Other Exchanges
Address
11270 West Park Place, P. O. Box 245008, Suite 170, Milwaukee, WI, USA, 53224-9508
A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.
Executives
Mark D Smith director
Idelle K Wolf director
Robert J Heideman officer: Senior Vice President Corp Tec A. O. SMITH CORPORATE TECHNOLOGY CENTER, 12100 WEST PARK PLACE, MILWAUKEE WI 53224
Mark A Petrarca officer: Vice President - H.R. & P.A. A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
James F Stern officer: Exec VP, General Counsel & Sec A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Ajita G Rajendra officer: President, A. O. Smith Water P A. O. SMITH WATER PRODUCTS COMPANY, 500 LINDAHL PARKWAY, ASHLAND CITY TN 37015
Kevin J. Wheeler officer: Senior VP and President & GM A. O. SMITH CORPORATION, 500 TENNESSEE WALTZ PARKWAY, ASHLAND CITY TN 37015
Benjamin A Otchere officer: Vice President and Controller A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Michael M Larsen director ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Daniel L Kempken officer: Vice President and Controller A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Samuel M. Carver officer: SVP - Global Operations A. O. SMITH CORPORATION, 44 VANTAGE WAY, NASHVILLE TN 37228
Ronald D Brown director 2090 FLORENCE AVENUE, CINCINNATI OH 45206
Parag Kulkarni officer: SVP - Int'l; President India A. O. SMITH INDIA WATER PRODUCTS PRIVATE, #300, PHASE II, KIADB INDUSTRIAL AREA, KARNATAKA K7 562112
Earl E. Exum director A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Stephen D. O'brien officer: SVP; President, Lochinvar, LLC LOCHINVAR, LLC, 300 MADDOX SIMPSON PARKWAY, LEBANON TN 37090

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