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Fortune Brands Innovations (Fortune Brands Innovations) Cyclically Adjusted PS Ratio : 1.66 (As of Jun. 08, 2024)


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What is Fortune Brands Innovations Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Fortune Brands Innovations's current share price is $65.99. Fortune Brands Innovations's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $39.74. Fortune Brands Innovations's Cyclically Adjusted PS Ratio for today is 1.66.

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

FBIN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.99   Med: 1.87   Max: 3
Current: 1.66

During the past years, Fortune Brands Innovations's highest Cyclically Adjusted PS Ratio was 3.00. The lowest was 0.99. And the median was 1.87.

FBIN's Cyclically Adjusted PS Ratio is ranked worse than
77.35% of 1285 companies
in the Construction industry
Industry Median: 0.64 vs FBIN: 1.66

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.

Fortune Brands Innovations's adjusted revenue per share data for the three months ended in Mar. 2024 was $8.737. 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 $39.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fortune Brands Innovations Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Fortune Brands Innovations'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.

Fortune Brands Innovations Cyclically Adjusted PS Ratio Chart

Fortune Brands Innovations 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 1.86 2.40 2.72 1.55 1.96

Fortune Brands Innovations 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 1.56 1.88 1.61 1.96 2.13

Competitive Comparison of Fortune Brands Innovations's Cyclically Adjusted PS Ratio

For the Building Products & Equipment subindustry, Fortune Brands Innovations'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.


Fortune Brands Innovations's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Fortune Brands Innovations's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Fortune Brands Innovations 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.

Fortune Brands Innovations's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=65.99/39.74
=1.66

* 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.

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

For example, Fortune Brands Innovations'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)
=8.737/131.7762*131.7762
=8.737

Current CPI (Mar. 2024) = 131.7762.

Fortune Brands Innovations Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.089 100.560 7.979
201409 6.481 100.428 8.504
201412 6.413 99.070 8.530
201503 5.847 99.621 7.734
201506 7.148 100.684 9.355
201509 7.581 100.392 9.951
201512 7.513 99.792 9.921
201603 6.937 100.470 9.099
201606 8.256 101.688 10.699
201609 8.115 101.861 10.498
201612 8.296 101.863 10.732
201703 7.598 102.862 9.734
201706 8.719 103.349 11.117
201709 8.650 104.136 10.946
201712 8.942 104.011 11.329
201803 8.249 105.290 10.324
201806 9.741 106.317 12.074
201809 9.576 106.507 11.848
201812 9.970 105.998 12.395
201903 9.358 107.251 11.498
201906 10.667 108.070 13.007
201909 10.355 108.329 12.596
201912 10.429 108.420 12.676
202003 9.962 108.902 12.055
202006 9.912 108.767 12.009
202009 11.759 109.815 14.111
202012 -5.748 109.897 -6.892
202103 12.596 111.754 14.853
202106 13.790 114.631 15.852
202109 14.218 115.734 16.189
202112 -6.494 117.630 -7.275
202203 8.465 121.301 9.196
202206 9.569 125.017 10.086
202209 9.189 125.227 9.670
202212 8.761 125.222 9.220
202303 8.093 127.348 8.374
202306 9.127 128.729 9.343
202309 9.869 129.860 10.015
202312 9.137 129.419 9.303
202403 8.737 131.776 8.737

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.


Fortune Brands Innovations  (NYSE:FBIN) 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.


Fortune Brands Innovations Cyclically Adjusted PS Ratio Related Terms

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


Fortune Brands Innovations (Fortune Brands Innovations) Business Description

Traded in Other Exchanges
Address
520 Lake Cook Road, Suite 300, Deerfield, IL, USA, 60015-5611
Fortune Brands Innovations is a leading home and security products company that operates two segments. The company's $2.6 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures, and the $2.2 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names.
Executives
Ann F Hackett director
Amee Chande director 520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Stephanie L. Pugliese director 170 COUNTRYSIDE DRIVE, BELLEVILLE WI 53508
David V. Barry officer: EVP & CFO FORTUNE BRANDS INNOVATIONS, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015
Lee John Dong Gu officer: EVP Chief Strategy & Growth 520 LAKE COOK ROAD, DEERFIELD IL 60015
Ron Wilson officer: EVP, Chief Supply Chain FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015
Hiranda S Donoghue officer: EVP Chief Legal & Secretary 520 LAKE COOK ROAD, DEERFIELD IL 60015
Cheri M Phyfer officer: EVP, Group President 520 LAKE COOK ROAD, DEERFIELD IL 60015
Sheri Grissom officer: EVP, CHRO & Transformation 13000 WEST SILVER SPRING DRIVE, BUTLER WI 53007
Nicholas I. Fink director, officer: Chief Executive Officer 510 LAKE COOK ROAD, DEERFIELD IL 60015
Patrick D Hallinan officer: EVP & CFO FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015
Mackay A D David director
Martin Thomas officer: SVP Ops &Supply Chain Strategy FORTUNE BRANDS HOME & SECURITY, INC., SUITE 300, DEERFIELD IL 60015
May Russell officer: SVP & CDO 520 LAKE COOK ROAD, DEERFIELD IL 60015
Danny Luburic officer: Vice President & Controller FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015