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Calix (CALX) Cyclically Adjusted PS Ratio : 3.02 (As of Jun. 07, 2024)


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What is Calix Cyclically Adjusted PS Ratio?

As of today (2024-06-07), Calix's current share price is $35.44. Calix's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $11.75. Calix's Cyclically Adjusted PS Ratio for today is 3.02.

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

CALX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4   Med: 3.14   Max: 8.35
Current: 3.04

During the past years, Calix's highest Cyclically Adjusted PS Ratio was 8.35. The lowest was 0.40. And the median was 3.14.

CALX's Cyclically Adjusted PS Ratio is ranked worse than
64.75% of 1461 companies
in the Software industry
Industry Median: 1.82 vs CALX: 3.04

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.

Calix's adjusted revenue per share data for the three months ended in Mar. 2024 was $3.322. 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 $11.75 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Calix Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Calix'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.

Calix Cyclically Adjusted PS Ratio Chart

Calix 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 0.81 3.36 8.34 6.46 3.82

Calix Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.92 4.49 4.04 3.82 2.82

Competitive Comparison of Calix's Cyclically Adjusted PS Ratio

For the Software - Infrastructure subindustry, Calix'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.


Calix's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Calix's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Calix 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=35.44/11.75
=3.02

* 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.

Calix's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Calix's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.322/131.7762*131.7762
=3.322

Current CPI (Mar. 2024) = 131.7762.

Calix Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.938 100.560 2.540
201409 2.072 100.428 2.719
201412 2.175 99.070 2.893
201503 1.760 99.621 2.328
201506 1.908 100.684 2.497
201509 2.159 100.392 2.834
201512 2.079 99.792 2.745
201603 2.025 100.470 2.656
201606 2.221 101.688 2.878
201609 2.458 101.861 3.180
201612 2.680 101.863 3.467
201703 2.373 102.862 3.040
201706 2.522 103.349 3.216
201709 2.559 104.136 3.238
201712 2.718 104.011 3.444
201803 1.926 105.290 2.411
201806 2.136 106.317 2.648
201809 2.131 106.507 2.637
201812 2.161 105.998 2.687
201903 1.653 107.251 2.031
201906 1.836 108.070 2.239
201909 2.064 108.329 2.511
201912 2.153 108.420 2.617
202003 1.798 108.902 2.176
202006 2.079 108.767 2.519
202009 2.372 109.815 2.846
202012 2.538 109.897 3.043
202103 2.418 111.754 2.851
202106 2.494 114.631 2.867
202109 2.536 115.734 2.888
202112 2.564 117.630 2.872
202203 2.704 121.301 2.938
202206 2.964 125.017 3.124
202209 3.417 125.227 3.596
202212 3.499 125.222 3.682
202303 3.587 127.348 3.712
202306 3.747 128.729 3.836
202309 3.792 129.860 3.848
202312 3.873 129.419 3.944
202403 3.322 131.776 3.322

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.


Calix  (NYSE:CALX) 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.


Calix Cyclically Adjusted PS Ratio Related Terms

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


Calix (CALX) Business Description

Industry
Traded in Other Exchanges
Address
2777 Orchard Parkway, San Jose, CA, USA, 95134
Calix Inc develops, market and sell Calix cloud, systems and software platforms to enable service providers of all types and sizes to innovate and transform. The company's customers utilize the real-time data and insights from Calix platforms to simplify their business and deliver experiences that excite their subscribers. The resulting growth in subscriber acquisition, loyalty and revenue creates more value for their businesses and communities. This is the Calix mission to enable communications, and service providers of all sizes to simplify, excite and grow. The Company's revenue is principally derived in the United States.
Executives
Eleanor Fields director C/O CALIX, INC., 2777 ORCHARD PARKWAY, SAN JOSE CA 95134
Rajatish Mukherjee director C/O CALIX, INC., 2777 ORCHARD PARKWAY, SAN JOSE CA 95134
John Matthew Collins officer: EVP, Commercial Operations C/O CALIX, INC., 2777 ORCHARD PARKWAY, SAN JOSE CA 95134
Eleniak Shane Todd Marshall officer: EVP, Products C/O CALIX, INC., 2777 ORCHARD PARKWAY, SAN JOSE CA 95134
Kira Makagon director C/O RINGCENTRAL, INC., 1400 FASHION ISLAND BLVD, 7TH FLOOR, SAN MATEO CA 94404
Michael Matthews director C/O CALIX, INC., 1035 N. MCDOWELL BLVD., PETALUMA CA 94954
Sindelar Cory officer: interim CFO & PFO C/O LEGATO SYSTEMS INC, 2350 W EL CAMINO REAL, MOUNTAIN VIEW CA 94040
Donald J Listwin director 2777 ORCHARD PARKWAY, SAN JOSE CA 95134
Christopher J Bowick director 1400 LAKE HEARN DR, ATLANTA GA 30319
Kevin A Denuccio director 300 HOLGER WAY, SAN JOSE CA 95134
J Daniel Plants director ONE EMBARCADERO CENTER, SUITE 1140, SAN FRANCISCO CA 94111
Sheila Cheung officer: VP, Finance & Accounting 100 HEADQUARTERS DR, SAN JOSE CA 95134
Kathleen M Crusco director C/O CALIX, INC., 1035 N. MCDOWELL BLVD, PETALUMA CA 94954
William J Atkins officer: Executive VP and CFO 591 SPRUCE STREET, SAN FRANCISCO CA 94118
Gregory A. Billings officer: SVP, Services 1035 N MCDOWELL BLVD, PETALUMA X1 94954

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