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The Middleby (The Middleby) Cyclically Adjusted PS Ratio : 2.46 (As of Apr. 28, 2024)


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What is The Middleby Cyclically Adjusted PS Ratio?

As of today (2024-04-28), The Middleby's current share price is $141.25. The Middleby's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $57.43. The Middleby's Cyclically Adjusted PS Ratio for today is 2.46.

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

MIDD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.4   Med: 4.47   Max: 7.35
Current: 2.46

During the past years, The Middleby's highest Cyclically Adjusted PS Ratio was 7.35. The lowest was 1.40. And the median was 4.47.

MIDD's Cyclically Adjusted PS Ratio is ranked worse than
68.87% of 2152 companies
in the Industrial Products industry
Industry Median: 1.405 vs MIDD: 2.46

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.

The Middleby's adjusted revenue per share data for the three months ended in Dec. 2023 was $18.758. 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 $57.43 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Middleby Cyclically Adjusted PS Ratio Historical Data

The historical data trend for The Middleby'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.

The Middleby Cyclically Adjusted PS Ratio Chart

The Middleby 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 3.25 3.47 4.50 2.60 2.56

The Middleby 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 2.60 2.74 2.68 2.26 2.56

Competitive Comparison of The Middleby's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, The Middleby'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.


The Middleby's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Middleby's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



The Middleby 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.

The Middleby's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=141.25/57.43
=2.46

* 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.

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

For example, The Middleby'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)
=18.758/129.4194*129.4194
=18.758

Current CPI (Dec. 2023) = 129.4194.

The Middleby Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 6.597 99.695 8.564
201406 7.470 100.560 9.614
201409 7.109 100.428 9.161
201412 7.639 99.070 9.979
201503 7.144 99.621 9.281
201506 7.659 100.684 9.845
201509 7.882 100.392 10.161
201512 9.374 99.792 12.157
201603 9.051 100.470 11.659
201606 10.180 101.688 12.956
201609 10.070 101.861 12.794
201612 10.426 101.863 13.247
201703 9.287 102.862 11.685
201706 10.111 103.349 12.662
201709 10.439 104.136 12.974
201712 11.369 104.011 14.146
201803 10.523 105.290 12.935
201806 12.022 106.317 14.634
201809 12.835 106.507 15.596
201812 13.587 105.998 16.589
201903 12.352 107.251 14.905
201906 13.672 108.070 16.373
201909 13.007 108.329 15.539
201912 14.140 108.420 16.879
202003 12.229 108.902 14.533
202006 8.588 108.767 10.219
202009 11.516 109.815 13.572
202012 13.239 109.897 15.591
202103 13.545 111.754 15.686
202106 14.271 114.631 16.112
202109 14.358 115.734 16.056
202112 15.178 117.630 16.699
202203 17.648 121.301 18.829
202206 18.546 125.017 19.199
202209 18.257 125.227 18.868
202212 18.970 125.222 19.606
202303 18.526 127.348 18.827
202306 19.244 128.729 19.347
202309 18.108 129.860 18.047
202312 18.758 129.419 18.758

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.


The Middleby  (NAS:MIDD) 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.


The Middleby Cyclically Adjusted PS Ratio Related Terms

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


The Middleby (The Middleby) Business Description

Traded in Other Exchanges
Address
1400 Toastmaster Drive, Elgin, IL, USA, 60120
The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment primarily used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.
Executives
Chapin Sarah Palisi director 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Pool Iii James K officer: Chief Technology and* 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Robert A Nerbonne director 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Miller John R Iii director C/O THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Matthew R Fuchsen officer: Chief Development Officer 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Brittany C Cerwin officer: Chief Accounting Officer 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Cathy L Mccarthy director 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Nassem Ziyad director C/O MIDDLEBY CORPORATION, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Timothy John Fitzgerald officer: Chief Financial Officer C/O MIDDLEBY CORPORATON, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Steve Spittle officer: Chief Commercial Officer 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Bryan E. Mittelman officer: Chief Accounting Officer THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Martin M Lindsay officer: Treasurer C/O THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DR, ELGIN IL 60120
Gordon Obrien director 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Robert B Lamb director C/O THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DR, ELGIN IL 60120
Selim A Bassoul director, officer: Chief Executive Officer C/O MIDDLEBY CORP, 1400 TOASTMASTER DRIVE, ELGIN IL 8477413300

The Middleby (The Middleby) Headlines