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Cavco Industries (Cavco Industries) Cyclically Adjusted PS Ratio : 2.31 (As of Jun. 07, 2024)


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What is Cavco Industries Cyclically Adjusted PS Ratio?

As of today (2024-06-07), Cavco Industries's current share price is $344.01. Cavco Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $148.63. Cavco Industries's Cyclically Adjusted PS Ratio for today is 2.31.

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

CVCO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.34   Med: 2.15   Max: 4.05
Current: 2.38

During the past years, Cavco Industries's highest Cyclically Adjusted PS Ratio was 4.05. The lowest was 1.34. And the median was 2.15.

CVCO's Cyclically Adjusted PS Ratio is ranked worse than
87.18% of 78 companies
in the Homebuilding & Construction industry
Industry Median: 0.88 vs CVCO: 2.38

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.

Cavco Industries's adjusted revenue per share data for the three months ended in Mar. 2024 was $49.736. 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 $148.63 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cavco Industries Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Cavco Industries'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.

Cavco Industries Cyclically Adjusted PS Ratio Chart

Cavco Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.79 2.45 2.19 2.42 2.68

Cavco Industries 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 2.42 2.17 1.89 2.42 2.68

Competitive Comparison of Cavco Industries's Cyclically Adjusted PS Ratio

For the Residential Construction subindustry, Cavco Industries'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.


Cavco Industries's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Cavco Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Cavco Industries 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.

Cavco Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=344.01/148.63
=2.31

* 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.

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

For example, Cavco Industries'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)
=49.736/131.7762*131.7762
=49.736

Current CPI (Mar. 2024) = 131.7762.

Cavco Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 15.442 100.560 20.236
201409 15.454 100.428 20.278
201412 16.295 99.070 21.675
201503 15.665 99.621 20.721
201506 17.923 100.684 23.458
201509 21.251 100.392 27.895
201512 20.014 99.792 26.429
201603 19.558 100.470 25.652
201606 20.379 101.688 26.409
201609 20.695 101.861 26.773
201612 22.225 101.863 28.752
201703 21.677 102.862 27.770
201706 22.573 103.349 28.782
201709 21.837 104.136 27.633
201712 24.024 104.011 30.437
201803 26.222 105.290 32.818
201806 26.589 106.317 32.956
201809 25.960 106.507 32.119
201812 25.210 105.998 31.341
201903 26.128 107.251 32.103
201906 28.644 108.070 34.928
201909 28.996 108.329 35.272
201912 29.451 108.420 35.795
202003 27.461 108.902 33.229
202006 27.501 108.767 33.319
202009 27.754 109.815 33.304
202012 31.064 109.897 37.249
202103 32.897 111.754 38.791
202106 35.617 114.631 40.944
202109 38.773 115.734 44.147
202112 46.571 117.630 52.172
202203 54.682 121.301 59.404
202206 65.451 125.017 68.990
202209 64.305 125.227 67.668
202212 56.021 125.222 58.953
202303 54.196 127.348 56.081
202306 54.336 128.729 55.622
202309 51.773 129.860 52.537
202312 52.985 129.419 53.950
202403 49.736 131.776 49.736

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.


Cavco Industries  (NAS:CVCO) 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.


Cavco Industries Cyclically Adjusted PS Ratio Related Terms

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


Cavco Industries (Cavco Industries) Business Description

Traded in Other Exchanges
N/A
Address
3636 North Central Avenue, Suite 1200, Phoenix, AZ, USA, 85012
Cavco Industries Inc designs and produces factory-built homes under the Cavco Homes, Fleetwood Homes, and Palm Harbor Homes brands. It also produces modular homes, park model homes, and vacation cabins, as well as commercial structures, among others. The company operates principally in two segments: Factory-built housing, which includes wholesale and retail systems-built housing operations and financial services, which includes manufactured housing consumer finance and insurance. Cavco received most of its revenues from the Factory-built housing segment.
Executives
Steven K. Like officer: Senior Vice President 1001 N. CENTRAL AVENUE, SUITE 800, PHOENIX AZ 85004
Steven G Bunger director
Jack S Brandom officer: President, Financial Services C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Gavin Ryan officer: See remarks 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
David A. Greenblatt director 4218 BEECHWOOD LANE, DALLAS TX 75220-1908
Rogers Colleen J officer: SVP, Marketing and Comm. C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Allison Aden officer: EVP and CFO C/O PROFIT RECOVERY GROUP INTERNATIONAL, 2300 WINDY RIDGE PARKWAY SUITE 100, ATLANTA GA 30339
Matthew A Nino officer: President, Retail C/O 3636 N CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
Brian R Cira officer: President,Manufactured Housing C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Anthony Crutcher officer: Chief Information Officer C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Paul Bigbee officer: Chief Accounting Officer C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Steven W Moster director 7000 E. 1ST AVE., SCOTTSDALE AZ 85251
Simone Reynolds officer: Sr. VP & CHRO C/O 3636 N CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
Julia Sze director C/O 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
Lyle D Zeller officer: See Remarks 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012

Cavco Industries (Cavco Industries) Headlines

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