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BAE Systems (BAE Systems) Cyclically Adjusted PS Ratio : 1.91 (As of Apr. 27, 2024)


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What is BAE Systems Cyclically Adjusted PS Ratio?

As of today (2024-04-27), BAE Systems's current share price is $68.24. BAE Systems's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was $35.77. BAE Systems's Cyclically Adjusted PS Ratio for today is 1.91.

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

BAESY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.68   Med: 0.97   Max: 1.98
Current: 1.95

During the past 13 years, BAE Systems's highest Cyclically Adjusted PS Ratio was 1.98. The lowest was 0.68. And the median was 0.97.

BAESY's Cyclically Adjusted PS Ratio is ranked worse than
61.61% of 211 companies
in the Aerospace & Defense industry
Industry Median: 1.47 vs BAESY: 1.95

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.

BAE Systems's adjusted revenue per share data of for the fiscal year that ended in Dec23 was $38.037. 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 $35.77 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


BAE Systems Cyclically Adjusted PS Ratio Historical Data

The historical data trend for BAE Systems'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.

BAE Systems Cyclically Adjusted PS Ratio Chart

BAE Systems 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 0.97 0.85 0.92 1.31 1.62

BAE Systems 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 0.92 - 1.31 - 1.62

Competitive Comparison of BAE Systems's Cyclically Adjusted PS Ratio

For the Aerospace & Defense subindustry, BAE Systems'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.


BAE Systems's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, BAE Systems's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



BAE Systems 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.

BAE Systems's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=68.24/35.77
=1.91

* 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.

BAE Systems's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, BAE Systems'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)
=38.037/130.0000*130.0000
=38.037

Current CPI (Dec23) = 130.0000.

BAE Systems Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 30.422 99.900 39.588
201512 31.700 100.400 41.046
201612 27.893 102.200 35.480
201712 28.888 105.000 35.766
201812 26.607 107.100 32.296
201912 29.979 108.500 35.920
202012 32.287 109.400 38.367
202112 32.337 114.700 36.650
202212 32.848 125.300 34.080
202312 38.037 130.000 38.037

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.


BAE Systems  (OTCPK:BAESY) 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.


BAE Systems Cyclically Adjusted PS Ratio Related Terms

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


BAE Systems (BAE Systems) Business Description

Traded in Other Exchanges
Address
6 Carlton Gardens, Stirling Square, London, GBR, SW1Y 5AD
BAE Systems is a British global defense, security, and aerospace company and the largest defense contractor in Europe; it is one of six prime contractors to the U.S. Department of Defense. For reporting purposes, the company has five operating segments: electronics systems is the group's U.S.- and U.K.-based electronic warfare systems; the cyber, security, and intelligence segment supplies intelligence and security solutions to the U.S. government; platforms and services manufactures combat vehicles and munitions and performs ship repair services to the U.S. Defense Department; the air segment includes BAE's share of U.S. and European air programs as well as its businesses in Saudi Arabia and Australia; and the maritime segment comprises U.K. land- and marine-based activities.