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Southern Co (Southern Co) Cyclically Adjusted PS Ratio : 2.85 (As of Apr. 27, 2024)


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What is Southern Co Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Southern Co's current share price is $73.21. Southern Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $25.69. Southern Co's Cyclically Adjusted PS Ratio for today is 2.85.

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

SO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.88   Med: 2.35   Max: 3.22
Current: 2.9

During the past years, Southern Co's highest Cyclically Adjusted PS Ratio was 3.22. The lowest was 1.88. And the median was 2.35.

SO's Cyclically Adjusted PS Ratio is ranked worse than
82% of 439 companies
in the Utilities - Regulated industry
Industry Median: 1.27 vs SO: 2.90

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.

Southern Co's adjusted revenue per share data for the three months ended in Dec. 2023 was $5.505. 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 $25.69 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Southern Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Southern 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.

Southern Co Cyclically Adjusted PS Ratio Chart

Southern 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 2.86 2.79 2.95 2.85 2.73

Southern 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 2.85 2.73 2.73 2.51 2.73

Competitive Comparison of Southern Co's Cyclically Adjusted PS Ratio

For the Utilities - Regulated Electric subindustry, Southern 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.


Southern Co's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Southern Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Southern 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.

Southern Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=73.21/25.69
=2.85

* 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.

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

For example, Southern 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)
=5.505/129.4194*129.4194
=5.505

Current CPI (Dec. 2023) = 129.4194.

Southern Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 5.200 99.695 6.750
201406 4.969 100.560 6.395
201409 5.919 100.428 7.628
201412 4.414 99.070 5.766
201503 4.572 99.621 5.940
201506 4.755 100.684 6.112
201509 5.922 100.392 7.634
201512 3.891 99.792 5.046
201603 4.330 100.470 5.578
201606 4.744 101.688 6.038
201609 6.425 101.861 8.163
201612 5.197 101.863 6.603
201703 5.771 102.862 7.261
201706 5.403 103.349 6.766
201709 6.140 104.136 7.631
201712 5.534 104.011 6.886
201803 6.272 105.290 7.709
201806 5.549 106.317 6.755
201809 5.985 106.507 7.273
201812 5.147 105.998 6.284
201903 5.179 107.251 6.250
201906 4.846 108.070 5.803
201909 5.672 108.329 6.776
201912 4.623 108.420 5.518
202003 4.703 108.902 5.589
202006 4.346 108.767 5.171
202009 5.282 109.815 6.225
202012 4.791 109.897 5.642
202103 5.544 111.754 6.420
202106 4.872 114.631 5.501
202109 5.841 115.734 6.532
202112 5.385 117.630 5.925
202203 6.219 121.301 6.635
202206 6.722 125.017 6.959
202209 7.700 125.227 7.958
202212 6.430 125.222 6.646
202303 5.902 127.348 5.998
202306 5.235 128.729 5.263
202309 6.351 129.860 6.329
202312 5.505 129.419 5.505

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.


Southern Co  (NYSE:SO) 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.


Southern Co Cyclically Adjusted PS Ratio Related Terms

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


Southern Co (Southern Co) Business Description

Traded in Other Exchanges
Address
30 Ivan Allen Jr. Boulevard, Northwest, Atlanta, GA, USA, 30308
Southern is one of the largest utilities in the U.S. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four states. It owns 50 gigawatts of rate-regulated generating capacity, primarily for serving customers in Georgia, Alabama, and Mississippi. Subsidiary Southern Power owns 13 gigawatts of natural gas generation and renewable energy across the U.S. and sells the electricity primarily under long-term contracts.
Executives
David P. Poroch officer: Comptroller 241 RALPH MCGILL BLVD., ATLANTA GA 30308
Stephen E Kuczynski officer: Pres. & CEO, Southern Nuclear 30 IVAN ALLEN JR. BLVD, NW, ATLANTA GA 30308
Shantella E. Cooper director 241 RALPH MCGILL BLVD., NW, ATLANTA GA 30308
Martin Bernard Davis officer: EVP and CIO 520 GERVAIS STREET, C/O SOUTH STATE CORP, COLUMBIA SC 29201
Christopher Cummiskey officer: EVP & CCCS Officer 241 RALPH MCGILL BLVD., ATLANTA GA 30308
Kimberly S, Greene officer: President & CEO, SCS 30 IVAN ALLEN JR. BLVD., NW, ATLANTA GA 30308
Thomas A Fanning officer: CFO
Bryan D Anderson officer: EVP & Pres. External Affairs 30 IVAN ALLEN JR. BLVD. NW, ATLANTA GA 30308
Spainhour Sterling A Jr. officer: EVP, Chief Legal Officer & CCO 4370 PEACHTREE ROAD, NE, ATLANTA GA 30319
Lizanne Thomas director 1420 PEACHTREE STREET NE, SUITE 800, ATLANTA GA 30309
David E Meador director ONE ENERGY PLAZA, DETROIT MI 48226
Sloane N Drake officer: EVP, CHRO 30 IVAN ALLEN JR BLVD NW, ATLANTA GA 30308
James Jeffrey Peoples officer: Chairman, President & CEO, APC 600 NORTH 18TH STREET, BIRMINGHAM AL 35203
Kerr, Ii James Y officer: Executive VP & General Counsel 30 IVAN ALLEN JR. BLVD., NW, ATLANTA GA 30308
Anthony L Wilson officer: President, Mississippi Power 30 IVAN ALLEN JR. BLVD, ATLANTA GA 30308

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