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Loews (L) Cyclically Adjusted PS Ratio : 1.36 (As of Apr. 27, 2024)


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What is Loews Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Loews's current share price is $75.46. Loews's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $55.50. Loews's Cyclically Adjusted PS Ratio for today is 1.36.

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

L' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.2   Max: 1.41
Current: 1.38

During the past years, Loews's highest Cyclically Adjusted PS Ratio was 1.41. The lowest was 0.70. And the median was 1.20.

L's Cyclically Adjusted PS Ratio is ranked worse than
63.77% of 403 companies
in the Insurance industry
Industry Median: 0.99 vs L: 1.38

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.

Loews's adjusted revenue per share data for the three months ended in Dec. 2023 was $18.734. 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 $55.50 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Loews Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Loews'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.

Loews Cyclically Adjusted PS Ratio Chart

Loews 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 1.25 1.04 1.22 1.13 1.25

Loews 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 1.13 1.09 1.10 1.15 1.25

Competitive Comparison of Loews's Cyclically Adjusted PS Ratio

For the Insurance - Property & Casualty subindustry, Loews'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.


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

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

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



Loews 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=75.46/55.5
=1.36

* 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.

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

For example, Loews'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)
=18.734/129.4194*129.4194
=18.734

Current CPI (Dec. 2023) = 129.4194.

Loews Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 9.503 99.695 12.336
201406 9.299 100.560 11.968
201409 9.242 100.428 11.910
201412 9.399 99.070 12.278
201503 9.320 99.621 12.108
201506 9.285 100.684 11.935
201509 8.776 100.392 11.314
201512 9.614 99.792 12.468
201603 9.353 100.470 12.048
201606 9.763 101.688 12.425
201609 9.736 101.861 12.370
201612 9.893 101.863 12.569
201703 9.773 102.862 12.296
201706 9.946 103.349 12.455
201709 10.424 104.136 12.955
201712 10.555 104.011 13.133
201803 10.894 105.290 13.391
201806 11.226 106.317 13.665
201809 11.389 106.507 13.839
201812 10.381 105.998 12.675
201903 12.105 107.251 14.607
201906 11.897 108.070 14.247
201909 12.102 108.329 14.458
201912 12.869 108.420 15.362
202003 10.796 108.902 12.830
202006 12.306 108.767 14.643
202009 12.144 109.815 14.312
202012 13.197 109.897 15.541
202103 13.352 111.754 15.463
202106 12.528 114.631 14.144
202109 12.756 115.734 14.264
202112 14.143 117.630 15.561
202203 13.611 121.301 14.522
202206 13.747 125.017 14.231
202209 14.508 125.227 14.994
202212 15.939 125.222 16.473
202303 16.077 127.348 16.339
202306 16.814 128.729 16.904
202309 17.244 129.860 17.186
202312 18.734 129.419 18.734

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.


Loews  (NYSE:L) 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.


Loews Cyclically Adjusted PS Ratio Related Terms

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


Loews (L) Business Description

Industry
Traded in Other Exchanges
Address
667 Madison Avenue, New York, NY, USA, 10065-8087
Loews Corp is a holding company that is supported by a variety of businesses. Its largest subsidiary is CNA Financial Corporation, a property and casualty insurance company. CNA's services include risk management, information services, and warranty and claims administration. Loews also maintains an operation of offshore oil and gas drilling rigs through Diamond Offshore Drilling, Inc. The company engages in the transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas through Boardwalk Pipeline Partners, LP. Loews also operates a chain of hotels.
Executives
Andrew H Tisch director 667 MADISON AVE, NEW YORK NY 10021-8087
Jonathan M Tisch director, officer: Co-Ch. of Bd/Off. of the Pres. 667 MADISON AVENUE, NEW YORK NY 10021-8087
Ann E Berman director 255 STATE STREET, BOSTON MA 02109
Anthony Welters director
Paul J Fribourg director 667 MADISON AVE, NEW YORK NY 10021
Walter L Harris director TANENBAUM HARBER CO, 320 W 57TH STREET, NEW YORK NY 10019
Charles M Diker director ONE NEW YORK PLAZA, NEW YORK NY 10004
Joseph L Bower director 667 MADISON AVE, NEW YORK NY 10021
Kenneth I Siegel officer: Senior Vice President 667 MADISON AVENUE, NEW YORK NY 10065
Jonathan C Locker director C/O LOEWS CORPORATION, 9 WEST 57TH STREET, NEW YORK NY 10019
Charles D Davidson director QUANTUM ENERGY PARTNERS, 1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
Richard Waldo Scott officer: SVP & Chief Investment Officer 667 MADISON AVENUE, NEW YORK NY 10065
Benjamin J Tisch officer: Sr. VP, Corp Dev and Strategy 667 MADISON AVE, NEW YORK NY 10065
Marc A Alpert officer: Sr. VP, Gen. Coun. & Secy. 667 MADISON AVENUE, NEW YORK NY 10065
Mark S Schwartz officer: V.P., C.A.O. and Treasurer C/O LOEWS CORPORATION, 667 MADISON AVENUE, NEW YORK NY 10065-8087

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