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NVR (NVR) Cyclically Adjusted PS Ratio : 3.40 (As of Jun. 02, 2024)


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What is NVR Cyclically Adjusted PS Ratio?

As of today (2024-06-02), NVR's current share price is $7680.73. NVR's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $2,259.12. NVR's Cyclically Adjusted PS Ratio for today is 3.40.

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

NVR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.23   Med: 2.61   Max: 4.04
Current: 3.4

During the past years, NVR's highest Cyclically Adjusted PS Ratio was 4.04. The lowest was 1.23. And the median was 2.61.

NVR's Cyclically Adjusted PS Ratio is ranked worse than
95% of 80 companies
in the Homebuilding & Construction industry
Industry Median: 0.82 vs NVR: 3.40

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.

NVR's adjusted revenue per share data for the three months ended in Mar. 2024 was $690.155. 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 $2,259.12 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


NVR Cyclically Adjusted PS Ratio Historical Data

The historical data trend for NVR'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.

NVR Cyclically Adjusted PS Ratio Chart

NVR 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 3.19 3.03 3.65 2.37 3.22

NVR 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 2.76 3.05 2.78 3.22 3.59

Competitive Comparison of NVR's Cyclically Adjusted PS Ratio

For the Residential Construction subindustry, NVR'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.


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

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

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



NVR 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7680.73/2259.12
=3.40

* 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.

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

For example, NVR'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)
=690.155/131.7762*131.7762
=690.155

Current CPI (Mar. 2024) = 131.7762.

NVR Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 245.357 100.560 321.523
201409 276.651 100.428 363.007
201412 311.162 99.070 413.888
201503 226.405 99.621 299.483
201506 292.101 100.684 382.305
201509 326.891 100.392 429.085
201512 369.404 99.792 487.799
201603 277.074 100.470 363.408
201606 333.642 101.688 432.362
201609 373.229 101.861 482.841
201612 439.906 101.863 569.091
201703 312.119 102.862 399.854
201706 367.931 103.349 469.134
201709 391.713 104.136 495.685
201712 416.919 104.011 528.213
201803 362.916 105.290 454.211
201806 432.211 106.317 535.711
201809 457.537 106.507 566.091
201812 505.637 105.998 628.606
201903 427.268 107.251 524.974
201906 455.401 108.070 555.300
201909 480.091 108.329 584.002
201912 502.123 108.420 610.291
202003 405.578 108.902 490.769
202006 420.156 108.767 509.037
202009 505.772 109.815 606.919
202012 589.548 109.897 706.921
202103 519.308 111.754 612.347
202106 586.556 114.631 674.284
202109 624.148 115.734 710.661
202112 594.221 117.630 665.685
202203 651.117 121.301 707.346
202206 759.622 125.017 800.693
202209 801.019 125.227 842.915
202212 797.812 125.222 839.571
202303 632.810 127.348 654.815
202306 675.556 128.729 691.549
202309 744.388 129.860 755.375
202312 722.177 129.419 735.328
202403 690.155 131.776 690.155

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.


NVR  (NYSE:NVR) 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.


NVR Cyclically Adjusted PS Ratio Related Terms

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


NVR (NVR) Business Description

Traded in Other Exchanges
Address
11700 Plaza America Drive, Suite 500, Reston, VA, USA, 20190
NVR Inc is a United States-based homebuilding company operating in over 33 metropolitan areas across the east of the Mississippi River. The company builds single-family detached homes, townhomes, and condominium buildings under three brands, Ryan Homes, NVHomes, and Heartland Homes. NVR's avoidance of direct land development activity is unique among public homebuilders and results in relatively outsize return metrics. The Virginia-based company also manages mortgage banking segment and homebuilding operating segments. The homebuilding segment includes four geographic areas; Mid-Atlantic, North East, Mid-East, and South East.
Executives
Daniel David Malzahn officer: Chief Financial Officer 11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Paul C Saville officer: Executive Vice President, CFO C/O NVR INC, 7601 LEWINSVILLE ROAD SUITE 300, MCLEEAN VA 22102
Susan Williamson Ross director 11700 PLAZA AMERICA DR, SUITE 500, RESTON VA 20190
Eugene James Bredow officer: Controller 11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Matthew B. Kelpy officer: VP, Chief Accounting Officer 11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Melquiades R. Martinez director 450 SOUTH ORANGE AVENUE, SUITE 250, ORLANDO FL 32801-3443
Alfred E Festa director
Charles Elliott Andrews director C/O H&R BLOCK, ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Sallie B Bailey director FERRO CORPORATION, 1000 LAKESIDE AVENUE, CLEVELAND OH 44124-1147
Thomas D Eckert director 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401
Manuel H Johnson director C/O NVR INC, 7601 LEWINSVILLE ROAD SUITE 300, MCLEEAN VA 22102
Paul W Praylo officer: SVP, Chief Operating Officer 11700 PLAZA AMERICA DR, SUITE 500, RESTON VA 20190
Alexandra A Jung director 11700 PLAZA AMERICA DR, SUITE 500, RESTON VA 20190
Jeffrey D Martchek officer: President of Homebuilding Ops 11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
David A Preiser director

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