GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Deere & Co (BSP:DEEC34) » Definitions » Cyclically Adjusted PS Ratio

Deere (BSP:DEEC34) Cyclically Adjusted PS Ratio : 2.59 (As of May. 24, 2024)


View and export this data going back to 2019. Start your Free Trial

What is Deere Cyclically Adjusted PS Ratio?

As of today (2024-05-24), Deere's current share price is R$65.29. Deere's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2024 was R$25.25. Deere's Cyclically Adjusted PS Ratio for today is 2.59.

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

BSP:DEEC34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.66   Max: 3.75
Current: 2.65

During the past years, Deere's highest Cyclically Adjusted PS Ratio was 3.75. The lowest was 0.97. And the median was 1.66.

BSP:DEEC34's Cyclically Adjusted PS Ratio is ranked worse than
83.04% of 171 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.06 vs BSP:DEEC34: 2.65

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.

Deere's adjusted revenue per share data for the three months ended in Apr. 2024 was R$9.228. 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 R$25.25 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deere Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Deere'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.

Deere Cyclically Adjusted PS Ratio Chart

Deere Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.79 2.21 3.02 3.09 2.61

Deere Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 2.82 3.13 2.61 2.77 2.68

Competitive Comparison of Deere's Cyclically Adjusted PS Ratio

For the Farm & Heavy Construction Machinery subindustry, Deere'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.


Deere's Cyclically Adjusted PS Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Deere's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Deere 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=65.29/25.25
=2.59

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=9.228/131.7762*131.7762
=9.228

Current CPI (Apr. 2024) = 131.7762.

Deere Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201407 1.888 100.520 2.475
201410 2.001 100.176 2.632
201501 1.575 98.604 2.105
201504 2.381 99.824 3.143
201507 2.395 100.691 3.134
201510 2.608 100.346 3.425
201601 2.285 99.957 3.012
201604 2.897 100.947 3.782
201607 2.250 101.524 2.920
201610 2.119 101.988 2.738
201701 1.781 102.456 2.291
201704 2.567 103.167 3.279
201707 2.467 103.278 3.148
201710 2.554 104.070 3.234
201801 2.221 104.578 2.799
201804 3.625 105.708 4.519
201807 3.912 106.324 4.848
201810 3.549 106.695 4.383
201901 2.993 106.200 3.714
201904 4.480 107.818 5.475
201907 3.881 108.250 4.724
201910 4.135 108.577 5.019
202001 3.239 108.841 3.922
202004 5.086 108.173 6.196
202007 4.841 109.318 5.836
202010 5.631 109.861 6.754
202101 5.029 110.364 6.005
202104 6.953 112.673 8.132
202107 6.169 115.183 7.058
202110 6.589 116.696 7.440
202201 5.559 118.619 6.176
202204 6.600 121.978 7.130
202207 8.105 125.002 8.544
202210 8.853 125.734 9.278
202301 7.173 126.223 7.489
202304 9.686 127.992 9.972
202307 8.511 128.974 8.696
202310 8.910 129.810 9.045
202401 6.909 130.124 6.997
202404 9.228 131.776 9.228

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.


Deere  (BSP:DEEC34) 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.


Deere Cyclically Adjusted PS Ratio Related Terms

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


Deere (BSP:DEEC34) Business Description

Address
One John Deere Place, Moline, IL, USA, 61265
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.

Deere (BSP:DEEC34) Headlines

No Headlines