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AXA (AXAHY) Cyclically Adjusted PS Ratio : 0.61 (As of Apr. 27, 2024)


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What is AXA Cyclically Adjusted PS Ratio?

As of today (2024-04-27), AXA's current share price is $34.02. AXA's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec22 was $55.83. AXA's Cyclically Adjusted PS Ratio for today is 0.61.

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

AXAHY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.46   Max: 0.67
Current: 0.65

During the past 13 years, AXA's highest Cyclically Adjusted PS Ratio was 0.67. The lowest was 0.27. And the median was 0.46.

AXAHY's Cyclically Adjusted PS Ratio is ranked better than
67.99% of 403 companies
in the Insurance industry
Industry Median: 0.99 vs AXAHY: 0.65

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.

AXA's adjusted revenue per share data of for the fiscal year that ended in Dec22 was $42.909. 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 $55.83 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation


AXA Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AXA'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.

AXA Cyclically Adjusted PS Ratio Chart

AXA Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.49 0.39 0.51 0.50

AXA Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - 0.51 - 0.50 -

Competitive Comparison of AXA's Cyclically Adjusted PS Ratio

For the Insurance - Diversified subindustry, AXA'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.


AXA's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, AXA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



AXA 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.

AXA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=34.02/55.83
=0.61

* 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.

AXA's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec22 is calculated as:

For example, AXA's adjusted Revenue per Share data for the fiscal year that ended in Dec22 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=42.909/114.1600*114.1600
=42.909

Current CPI (Dec22) = 114.1600.

AXA Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201312 68.909 99.800 78.824
201412 59.592 99.860 68.126
201512 49.490 100.040 56.475
201612 53.023 100.650 60.140
201712 63.217 101.850 70.858
201812 48.073 103.470 53.040
201912 58.110 104.980 63.191
202012 52.442 104.960 57.039
202112 52.850 107.850 55.942
202212 42.909 114.160 42.909

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.


AXA  (OTCPK:AXAHY) 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.


AXA Cyclically Adjusted PS Ratio Related Terms

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


AXA (AXAHY) Business Description

Industry
Address
25, Avenue Matignon, Paris, FRA, 75008
AXA's origins date back to Ancienne Mutuelle, which was one of the few insurers that remained after the creation of the French security system. With the threat of nationalization, a merger took place between three insurance groups The Drouot Group, AXA (still known as Mutuelles Unies in 1982), and Presence Group. Ten years later AXA acquired North American life insurer Equitable Holdings. This was a time of expansion as AXA also bought UAP, a large French insurer at that time. Yet, as markets crashed at the turn of the millennium, AXA decided to refocus its business and exited its stake in U.S. investment bank Donaldson, Lufkin & Jenrette. A few years later the firm expanded again with the acquisition of Swiss insurer Winterthur. About 5 years ago AXA began reshaping its portfolio again.

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