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Atmos Energy (Atmos Energy) Cyclically Adjusted PS Ratio : 3.42 (As of Apr. 27, 2024)


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What is Atmos Energy Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Atmos Energy's current share price is $116.93. Atmos Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $34.19. Atmos Energy's Cyclically Adjusted PS Ratio for today is 3.42.

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

ATO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.6   Med: 2.18   Max: 3.48
Current: 3.46

During the past years, Atmos Energy's highest Cyclically Adjusted PS Ratio was 3.48. The lowest was 0.60. And the median was 2.18.

ATO's Cyclically Adjusted PS Ratio is ranked worse than
85.88% of 439 companies
in the Utilities - Regulated industry
Industry Median: 1.27 vs ATO: 3.46

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.

Atmos Energy's adjusted revenue per share data for the three months ended in Dec. 2023 was $7.734. 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 $34.19 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Atmos Energy Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Atmos Energy'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.

Atmos Energy Cyclically Adjusted PS Ratio Chart

Atmos Energy Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.86 2.62 2.49 2.79 3.00

Atmos Energy 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 3.10 3.13 3.27 3.00 3.39

Competitive Comparison of Atmos Energy's Cyclically Adjusted PS Ratio

For the Utilities - Regulated Gas subindustry, Atmos Energy'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.


Atmos Energy's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Atmos Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Atmos Energy 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.

Atmos Energy's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=116.93/34.19
=3.42

* 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.

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

For example, Atmos Energy'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)
=7.734/129.4194*129.4194
=7.734

Current CPI (Dec. 2023) = 129.4194.

Atmos Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 20.430 99.695 26.521
201406 9.323 100.560 11.999
201409 7.793 100.428 10.043
201412 12.392 99.070 16.188
201503 15.136 99.621 19.663
201506 6.729 100.684 8.649
201509 -5.460 100.392 -7.039
201512 6.569 99.792 8.519
201603 8.646 100.470 11.137
201606 4.397 101.688 5.596
201609 4.142 101.861 5.263
201612 7.410 101.863 9.415
201703 9.328 102.862 11.736
201706 4.950 103.349 6.199
201709 4.352 104.136 5.409
201712 8.190 104.011 10.191
201803 10.916 105.290 13.418
201806 5.027 106.317 6.119
201809 3.973 106.507 4.828
201812 7.711 105.998 9.415
201903 9.296 107.251 11.218
201906 4.101 108.070 4.911
201909 3.703 108.329 4.424
201912 7.215 108.420 8.612
202003 7.949 108.902 9.447
202006 4.007 108.767 4.768
202009 3.827 109.815 4.510
202012 7.199 109.897 8.478
202103 10.212 111.754 11.826
202106 4.605 114.631 5.199
202109 4.317 115.734 4.827
202112 7.576 117.630 8.335
202203 12.021 121.301 12.826
202206 5.822 125.017 6.027
202209 5.117 125.227 5.288
202212 10.455 125.222 10.805
202303 10.702 127.348 10.876
202306 4.537 128.729 4.561
202309 3.953 129.860 3.940
202312 7.734 129.419 7.734

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.


Atmos Energy  (NYSE:ATO) 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.


Atmos Energy Cyclically Adjusted PS Ratio Related Terms

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


Atmos Energy (Atmos Energy) Business Description

Traded in Other Exchanges
Address
5430 LBJ Freeway, Suite 1800, Three Lincoln Centre, Dallas, TX, USA, 75240
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.
Executives
Richard M Thomas officer: VICE PRESIDENT & CONTROLLER P O BOX 650205, DALLAS TX 75265-0205
Kim R Cocklin director C/O ATMOS ENERGY CORPORATION, PO BOX 650205, DALLAS TX 75256
Diana J Walters director 5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
John S Mcdill officer: SR VP, UTILITY OPERATIONS 5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
John C. Ale director 5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
Christopher T Forsythe officer: Vice President and Controller P O BOX 650205, DALLAS TX 75265
Sean Donohue director P O BOX 650205, DALLAS TX 75265
J Matt Robbins officer: SR VP, Human Resources P O BOX 650205, DALLAS TX 75265-0205
Frank H Yoho director 5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
Richard A Sampson director PO BOX 650205, DALLAS TX 75265
David J Park officer: SR VP, Utility Operations P O BOX 650205, DALLAS TX 75265-0205
Richard W Douglas director 10670 N CENTRAL EXPRESSWAY, DALLAS TX 75231
Nancy K Quinn director P O BOX 650205, DALLAS TX 75265
Karen E Hartsfield officer: SR VP, GC & CORPORATE SEC'Y P O BOX 650205, DALLAS TX 75265-0205
John K Akers officer: SR VP, Safety & Enterprise Ser P O BOX 650205, DALLAS TX 75265-0205

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