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SPSC (SPS Commerce) Cyclically Adjusted PS Ratio : 12.82 (As of Apr. 26, 2025)


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What is SPS Commerce Cyclically Adjusted PS Ratio?

As of today (2025-04-26), SPS Commerce's current share price is $137.81. SPS Commerce's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was $10.75. SPS Commerce's Cyclically Adjusted PS Ratio for today is 12.82.

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

SPSC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.89   Med: 16.89   Max: 27.24
Current: 12.82

During the past years, SPS Commerce's highest Cyclically Adjusted PS Ratio was 27.24. The lowest was 3.89. And the median was 16.89.

SPSC's Cyclically Adjusted PS Ratio is ranked worse than
90.96% of 1382 companies
in the Software industry
Industry Median: 2.01 vs SPSC: 12.82

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.

SPS Commerce's adjusted revenue per share data for the three months ended in Dec. 2024 was $4.489. 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 $10.75 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SPS Commerce Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SPS Commerce'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.

SPS Commerce Cyclically Adjusted PS Ratio Chart

SPS Commerce Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.60 21.21 16.02 20.85 17.12

SPS Commerce Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 20.85 18.97 18.64 18.61 17.12

Competitive Comparison of SPS Commerce's Cyclically Adjusted PS Ratio

For the Software - Application subindustry, SPS Commerce'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.


SPS Commerce's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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


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SPS Commerce 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.

SPS Commerce's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=137.81/10.75
=12.82

* 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.

SPS Commerce's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=4.489/133.1571*133.1571
=4.489

Current CPI (Dec. 2024) = 133.1571.

SPS Commerce Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 1.087 99.621 1.453
201506 1.143 100.684 1.512
201509 1.183 100.392 1.569
201512 1.245 99.792 1.661
201603 1.339 100.470 1.775
201606 1.383 101.688 1.811
201609 1.421 101.861 1.858
201612 1.462 101.863 1.911
201703 1.491 102.862 1.930
201706 1.556 103.349 2.005
201709 1.610 104.136 2.059
201712 1.684 104.011 2.156
201803 1.707 105.290 2.159
201806 1.741 106.317 2.181
201809 1.772 106.507 2.215
201812 1.836 105.998 2.306
201903 1.860 107.251 2.309
201906 1.903 108.070 2.345
201909 1.974 108.329 2.426
201912 2.012 108.420 2.471
202003 2.065 108.902 2.525
202006 2.098 108.767 2.568
202009 2.188 109.815 2.653
202012 2.268 109.897 2.748
202103 2.453 111.754 2.923
202106 2.572 114.631 2.988
202109 2.645 115.734 3.043
202112 2.766 117.630 3.131
202203 2.844 121.301 3.122
202206 2.962 125.017 3.155
202209 3.101 125.227 3.297
202212 3.299 125.222 3.508
202303 3.388 127.348 3.543
202306 3.485 128.729 3.605
202309 3.610 129.860 3.702
202312 3.850 129.419 3.961
202403 3.969 131.776 4.011
202406 4.076 132.554 4.095
202409 4.308 133.029 4.312
202412 4.489 133.157 4.489

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.


SPS Commerce  (NAS:SPSC) 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.


SPS Commerce Cyclically Adjusted PS Ratio Related Terms

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


SPS Commerce Business Description

Industry
Traded in Other Exchanges
Address
333 South Seventh Street, Suite 1000, Minneapolis, MN, USA, 55402
SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. Its products are; Fulfillment, Analytics, and Other products like Assortment and Community also it provides one-time services such as professional services and testing and certification. The group derives revenue from subscription-based recurring revenue services.
Executives
Kimberly K. Nelson officer: EVP & CFO 2800 MOUNT RIDGE ROAD, ROSEVILLE MN 55113
Chadwick Collins director, officer: Chief Executive Officer 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
James J. Frome officer: EVP & Chief Strategy Officer 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
Sven Wehrwein director
Philip Soran director 12982 VALLEY VIEW RD, EDEN PRAIRIE MN 55344
James Burr Ramsey director C/O NETSUITE INC, 2955 CAMPUS DRIVE SUITE 100, SAN MATEO CA 94403
Archie C. Black director, officer: President & CEO 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
Marty M Reaume director TWILIO INC, 375 BEALE STREET SUITE 300, SAN FRANCISCO CA 94105
Anne Sempowski Ward director C/O VANDA PHARMACEUTICALS INC., 2200 PENNSYLVANIA AVENUE, SUITE 300E, WASHINGTON DC 20037
Martin J Leestma director 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
Michael A Smerklo director C/O SERVICESOURCE INTERNATIONAL, INC., 634 SECOND STREET, SAN FRANCISCO CA 94107
Michael J Mcconnell director P.O. BOX 6280, NEWPORT BEACH CA 92658
Melvin L Keating director 18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039
Tami Reller director C/O MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399
Spencer George H. Iii director, 10 percent owner C/O SEYEN CAPITAL, 150 NORTH WACKER DR., SUITE 660, CHICAGO IL 60606