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Robert Half (Robert Half) Cyclically Adjusted PS Ratio : 1.22 (As of Apr. 27, 2024)


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What is Robert Half Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Robert Half's current share price is $69.35. Robert Half's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $56.79. Robert Half's Cyclically Adjusted PS Ratio for today is 1.22.

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

RHI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.89   Med: 1.54   Max: 2.6
Current: 1.24

During the past years, Robert Half's highest Cyclically Adjusted PS Ratio was 2.60. The lowest was 0.89. And the median was 1.54.

RHI's Cyclically Adjusted PS Ratio is ranked worse than
60.32% of 678 companies
in the Business Services industry
Industry Median: 0.89 vs RHI: 1.24

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.

Robert Half's adjusted revenue per share data for the three months ended in Dec. 2023 was $14.035. 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 $56.79 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Robert Half Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Robert Half'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.

Robert Half Cyclically Adjusted PS Ratio Chart

Robert Half 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 1.61 1.50 2.37 1.39 1.55

Robert Half 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 1.39 1.48 1.35 1.29 1.55

Competitive Comparison of Robert Half's Cyclically Adjusted PS Ratio

For the Staffing & Employment Services subindustry, Robert Half'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.


Robert Half's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Robert Half's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Robert Half 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.

Robert Half's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=69.35/56.79
=1.22

* 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.

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

For example, Robert Half'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)
=14.035/129.4194*129.4194
=14.035

Current CPI (Dec. 2023) = 129.4194.

Robert Half Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 7.964 99.695 10.339
201406 8.584 100.560 11.048
201409 9.044 100.428 11.655
201412 9.052 99.070 11.825
201503 8.978 99.621 11.663
201506 9.525 100.684 12.243
201509 9.908 100.392 12.773
201512 9.928 99.792 12.875
201603 10.010 100.470 12.894
201606 10.393 101.688 13.227
201609 10.442 101.861 13.267
201612 9.929 101.863 12.615
201703 10.183 102.862 12.812
201706 10.459 103.349 13.097
201709 10.666 104.136 13.256
201712 10.869 104.011 13.524
201803 11.355 105.290 13.957
201806 11.917 106.317 14.507
201809 12.073 106.507 14.670
201812 12.365 105.998 15.097
201903 12.449 107.251 15.022
201906 12.962 108.070 15.523
201909 13.396 108.329 16.004
201912 13.387 108.420 15.980
202003 13.233 108.902 15.726
202006 9.798 108.767 11.658
202009 10.497 109.815 12.371
202012 11.547 109.897 13.598
202103 12.430 111.754 14.395
202106 14.126 114.631 15.948
202109 15.361 115.734 17.177
202112 15.944 117.630 17.542
202203 16.410 121.301 17.508
202206 16.982 125.017 17.580
202209 16.880 125.227 17.445
202212 16.022 125.222 16.559
202303 16.021 127.348 16.282
202306 15.405 128.729 15.488
202309 14.779 129.860 14.729
202312 14.035 129.419 14.035

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.


Robert Half  (NYSE:RHI) 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.


Robert Half Cyclically Adjusted PS Ratio Related Terms

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


Robert Half (Robert Half) Business Description

Traded in Other Exchanges
Address
2884 Sand Hill Road, Suite 200, Menlo Park, CA, USA, 94025
Founded in 1948, Robert Half provides temporary, permanent, and outcome-based staffing for both in-person and remote positions in the finance and accounting, technology, legal, marketing, and administrative fields. Its subsidiary consulting arm, Protiviti, specializes in technology, risk, auditing, and compliance matters. The firm generates most of its sales inside the U.S. and stands as one of the largest specialized firms in the highly fragmented U.S. staffing industry. The firm generates annual revenue of around $7 billion.
Executives
Robert W Glass officer: Executive Vice President
Marc Morial director 142 IRVING AVENUE, S. ORANGE NJ 07079
Dirk A Kempthorne director 1735 MARKET STREET, PHILADELPHIA PA 19103
Joseph A Tarantino officer: President and CEO, Protiviti 2884 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Marnie Huss Wilking director 5611 E HILLERY DR, SCOTTSDALE AZ 85254
Paul F Gentzkow officer: President & CEO Staffing 2884 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Messmer Harold M Jr director, officer: Executive Chairman
Barbara J Novogradac director C/O ROBERT HALF INTERNATIONAL INC., 2884 SAND HILL ROAD, MENLO PARK CA 94025
Robert J Pace director C/O ROBERT HALF INTERNATIONAL INC., 2884 SAND HILL ROAD, MENLO PARK CA 94025
Julia Lynn Coronado director C/O DYNEX CAPITAL, INC., 4991 LAKE BROOK DRIVE, SUITE 100, GLEN ALLEN VA 23060
Frederick A Richman director C/O ROBERT HALF INTERNATIONAL INC., 2884 SAND HILL ROAD, MENLO PARK CA 94025
M Keith Waddell director, officer: Chief Executive Officer
Michael C Buckley officer: Executive Vice President & CFO C/O ROBERT HALF INTERNATIONAL INC, 5720 STONERIDGE DR STE 3, PLEASANTON CA 94588
Steven Karel officer: Vice President and Secretary 2884 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Edward W Gibbons director C/O JACK IN THE BOX INC, 9330 BALVOA AVE, SAN DIEGO CA 92123