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AGCO (FRA:AGJ) Cyclically Adjusted PS Ratio : 0.72 (As of May. 31, 2024)


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What is AGCO Cyclically Adjusted PS Ratio?

As of today (2024-05-31), AGCO's current share price is €97.20. AGCO's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €135.22. AGCO's Cyclically Adjusted PS Ratio for today is 0.72.

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

FRA:AGJ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.69   Max: 1.34
Current: 0.7

During the past years, AGCO's highest Cyclically Adjusted PS Ratio was 1.34. The lowest was 0.38. And the median was 0.69.

FRA:AGJ's Cyclically Adjusted PS Ratio is ranked better than
61.4% of 171 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.07 vs FRA:AGJ: 0.70

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.

AGCO's adjusted revenue per share data for the three months ended in Mar. 2024 was €36.070. 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 €135.22 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AGCO Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AGCO'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.

AGCO Cyclically Adjusted PS Ratio Chart

AGCO 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 0.72 0.92 0.94 1.02 0.84

AGCO 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 0.97 0.93 0.82 0.84 0.83

Competitive Comparison of AGCO's Cyclically Adjusted PS Ratio

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


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

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

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



AGCO 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=97.20/135.22
=0.72

* 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.

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

For example, AGCO'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)
=36.07/131.7762*131.7762
=36.070

Current CPI (Mar. 2024) = 131.7762.

AGCO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 21.285 100.560 27.893
201409 17.826 100.428 23.390
201412 22.100 99.070 29.396
201503 17.676 99.621 23.381
201506 21.023 100.684 27.515
201509 17.845 100.392 23.424
201512 21.157 99.792 27.938
201603 16.850 100.470 22.100
201606 21.633 101.688 28.034
201609 19.426 101.861 25.131
201612 24.568 101.863 31.783
201703 19.142 102.862 24.523
201706 24.058 103.349 30.675
201709 20.779 104.136 26.294
201712 26.530 104.011 33.612
201803 20.225 105.290 25.313
201806 27.085 106.317 33.571
201809 23.814 106.507 29.464
201812 29.026 105.998 36.085
201903 22.791 107.251 28.003
201906 27.772 108.070 33.864
201909 24.972 108.329 30.377
201912 29.495 108.420 35.849
202003 22.992 108.902 27.821
202006 23.697 108.767 28.710
202009 28.122 109.815 33.746
202012 29.426 109.897 35.284
202103 26.326 111.754 31.043
202106 31.486 114.631 36.195
202109 30.639 115.734 34.886
202112 37.034 117.630 41.488
202203 32.558 121.301 35.370
202206 37.198 125.017 39.209
202209 42.094 125.227 44.296
202212 49.140 125.222 51.712
202303 41.513 127.348 42.957
202306 47.045 128.729 48.159
202309 43.171 129.860 43.808
202312 46.719 129.419 47.570
202403 36.070 131.776 36.070

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.


AGCO  (FRA:AGJ) 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.


AGCO Cyclically Adjusted PS Ratio Related Terms

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


AGCO (FRA:AGJ) Business Description

Traded in Other Exchanges
Address
4205 River Green Parkway, Duluth, GA, USA, 30096
Agco is a global manufacturer of agricultural equipment. The company has five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements to grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes over 3,200 dealer and distribution locations. Agco offers retail and wholesale financing to customers through its joint venture with Rabobank, a European food- and agriculture-focused bank.

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