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Goodyear Tire & Rubber Co (Goodyear Tire & Rubber Co) Cyclically Adjusted PS Ratio : 0.16 (As of Apr. 27, 2024)


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What is Goodyear Tire & Rubber Co Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Goodyear Tire & Rubber Co's current share price is $11.84. Goodyear Tire & Rubber Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $75.07. Goodyear Tire & Rubber Co's Cyclically Adjusted PS Ratio for today is 0.16.

The historical rank and industry rank for Goodyear Tire & Rubber Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

GT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.26   Max: 0.47
Current: 0.16

During the past years, Goodyear Tire & Rubber Co's highest Cyclically Adjusted PS Ratio was 0.47. The lowest was 0.07. And the median was 0.26.

GT's Cyclically Adjusted PS Ratio is ranked better than
88.02% of 985 companies
in the Vehicles & Parts industry
Industry Median: 0.64 vs GT: 0.16

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.

Goodyear Tire & Rubber Co's adjusted revenue per share data for the three months ended in Dec. 2023 was $17.951. 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 $75.07 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Goodyear Tire & Rubber Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Goodyear Tire & Rubber Co'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.

Goodyear Tire & Rubber Co Cyclically Adjusted PS Ratio Chart

Goodyear Tire & Rubber Co 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 0.21 0.15 0.29 0.14 0.19

Goodyear Tire & Rubber Co 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 0.14 0.15 0.18 0.16 0.19

Competitive Comparison of Goodyear Tire & Rubber Co's Cyclically Adjusted PS Ratio

For the Auto Parts subindustry, Goodyear Tire & Rubber Co'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.


Goodyear Tire & Rubber Co's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Goodyear Tire & Rubber Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Goodyear Tire & Rubber Co's Cyclically Adjusted PS Ratio falls into.



Goodyear Tire & Rubber Co 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.

Goodyear Tire & Rubber Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.84/75.07
=0.16

* 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.

Goodyear Tire & Rubber Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Goodyear Tire & Rubber Co'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)
=17.951/129.4194*129.4194
=17.951

Current CPI (Dec. 2023) = 129.4194.

Goodyear Tire & Rubber Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 18.020 99.695 23.393
201406 16.569 100.560 21.324
201409 16.692 100.428 21.511
201412 15.783 99.070 20.618
201503 14.686 99.621 19.079
201506 15.226 100.684 19.572
201509 15.270 100.392 19.685
201512 15.048 99.792 19.516
201603 13.620 100.470 17.544
201606 14.474 101.688 18.421
201609 14.462 101.861 18.375
201612 14.388 101.863 18.280
201703 14.449 102.862 18.179
201706 14.398 103.349 18.030
201709 15.437 104.136 19.185
201712 16.482 104.011 20.508
201803 15.697 105.290 19.294
201806 15.938 106.317 19.401
201809 16.504 106.507 20.054
201812 16.564 105.998 20.224
201903 15.509 107.251 18.715
201906 15.521 108.070 18.587
201909 16.248 108.329 19.411
201912 15.936 108.420 19.023
202003 13.060 108.902 15.521
202006 9.162 108.767 10.902
202009 14.808 109.815 17.452
202012 15.624 109.897 18.400
202103 14.752 111.754 17.084
202106 16.109 114.631 18.187
202109 17.252 115.734 19.292
202112 17.733 117.630 19.510
202203 17.101 121.301 18.246
202206 18.224 125.017 18.866
202209 18.570 125.227 19.192
202212 18.790 125.222 19.420
202303 17.337 127.348 17.619
202306 17.077 128.729 17.169
202309 18.042 129.860 17.981
202312 17.951 129.419 17.951

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.


Goodyear Tire & Rubber Co  (NAS:GT) 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.


Goodyear Tire & Rubber Co Cyclically Adjusted PS Ratio Related Terms

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


Goodyear Tire & Rubber Co (Goodyear Tire & Rubber Co) Business Description

Traded in Other Exchanges
Address
200 Innovation Way, Akron, OH, USA, 44316-0001
Goodyear Tire & Rubber Co manufactures and sells a variety of rubber tires under the Goodyear brand name. The firm's tires are used for automobiles, trucks, buses, aircraft, motorcycles, mining equipment, farm equipment, and industrial equipment. The company operates its business through three operating segments representing its regional tire businesses: Americas; Europe, the Middle East, and Africa (EMEA); and the Asia Pacific.
Executives
Darren R Wells officer: Vice President & Treasurer THE GOODYEAR TIRE & RUBBER COMPANY, 1144 EAST MARKET STREET, AKRON OH 44316-0001
Roger Wood director 3850 HAMLIN RD., AUBURN HILLS MI 48326
Max H Mitchell director CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Joseph R Hinrichs director FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Margaret V Snyder officer: Vice President and Controller 200 INNOVATION WAY, AKRON OH 44316
Christina L Zamarro officer: EVP & Chief Financial Officer 200 INNOVATION WAY, AKRON OH 44316
Norma Clayton director 1915 REXFORD ROAD, CHARLOTTE NC 28211
Richard J Kramer officer: Senior Vice President THE GOODYEAR TIRE & RUBBER COMPANY, 1144 EAST MARKET STREET, AKRON OH 44316-0001
Stephen R Mcclellan officer: Pres., NAT Consumer Business 1144 EAST MARKET STREET, AKRON OH 44316
Prashanth Mahendra-rajah director C/O WABCO HOLDINGS INC., ONE CENTENNIAL AVENUE, PISCATAWAY NJ 08855
Karla R Lewis director C/O RELIANCE STEEL & ALUMINUM CO., 16100 N. 71ST STREET, SUITE 400, SCOTTSDALE AZ 85254
Nathaniel Madarang officer: President, Asia Pacific 200 INNOVATION WAY, AKRON OH 44316
Jonathan Bellissimo officer: SR VP Global Operations & Tech 200 INNOVATION WAY, AKRON OH 44316
Hera K Siu director 200 INNOVATION WAY, AKRON OH 44316
David Emmitt Phillips officer: Sr VP and General Counsel 200 INNOVATION WAY, AKRON OH 44316