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Spirax-Sarco Engineering (Spirax-Sarco Engineering) Cyclically Adjusted PS Ratio : 5.14 (As of Apr. 27, 2024)


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What is Spirax-Sarco Engineering Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Spirax-Sarco Engineering's current share price is $113.50. Spirax-Sarco Engineering's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was $22.07. Spirax-Sarco Engineering's Cyclically Adjusted PS Ratio for today is 5.14.

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

SPXSF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.32   Med: 6.21   Max: 13.75
Current: 4.99

During the past 13 years, Spirax-Sarco Engineering's highest Cyclically Adjusted PS Ratio was 13.75. The lowest was 3.32. And the median was 6.21.

SPXSF's Cyclically Adjusted PS Ratio is ranked worse than
87.13% of 2152 companies
in the Industrial Products industry
Industry Median: 1.405 vs SPXSF: 4.99

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.

Spirax-Sarco Engineering's adjusted revenue per share data of for the fiscal year that ended in Dec23 was $28.860. 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 $22.07 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spirax-Sarco Engineering Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Spirax-Sarco Engineering'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.

Spirax-Sarco Engineering Cyclically Adjusted PS Ratio Chart

Spirax-Sarco Engineering 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 7.62 9.11 11.68 6.60 5.92

Spirax-Sarco Engineering Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 11.68 - 6.60 - 5.92

Competitive Comparison of Spirax-Sarco Engineering's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, Spirax-Sarco Engineering'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.


Spirax-Sarco Engineering's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Spirax-Sarco Engineering's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Spirax-Sarco Engineering's Cyclically Adjusted PS Ratio falls into.



Spirax-Sarco Engineering 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.

Spirax-Sarco Engineering's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=113.50/22.07
=5.14

* 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.

Spirax-Sarco Engineering's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Spirax-Sarco Engineering's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=28.86/130.0000*130.0000
=28.860

Current CPI (Dec23) = 130.0000.

Spirax-Sarco Engineering Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 13.969 99.900 18.178
201512 13.389 100.400 17.336
201612 12.847 102.200 16.342
201712 18.140 105.000 22.459
201812 19.781 107.100 24.011
201912 22.034 108.500 26.400
202012 21.705 109.400 25.792
202112 24.193 114.700 27.420
202212 26.582 125.300 27.579
202312 28.860 130.000 28.860

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.


Spirax-Sarco Engineering  (OTCPK:SPXSF) 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.


Spirax-Sarco Engineering Cyclically Adjusted PS Ratio Related Terms

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Spirax-Sarco Engineering (Spirax-Sarco Engineering) Business Description

Traded in Other Exchanges
Address
Cirencester Road, Charlton House, Cheltenham, Gloucestershire, GBR, GL53 8ER
Spirax-Sarco is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax-Sarco has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.

Spirax-Sarco Engineering (Spirax-Sarco Engineering) Headlines