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Travel+Leisure Co (Travel+Leisure Co) Cyclically Adjusted PS Ratio : 0.93 (As of May. 23, 2024)


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What is Travel+Leisure Co Cyclically Adjusted PS Ratio?

As of today (2024-05-23), Travel+Leisure Co's current share price is $43.87. Travel+Leisure Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $47.20. Travel+Leisure Co's Cyclically Adjusted PS Ratio for today is 0.93.

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

TNL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.2   Max: 1.71
Current: 0.94

During the past years, Travel+Leisure Co's highest Cyclically Adjusted PS Ratio was 1.71. The lowest was 0.49. And the median was 1.20.

TNL's Cyclically Adjusted PS Ratio is ranked better than
65.31% of 640 companies
in the Travel & Leisure industry
Industry Median: 1.48 vs TNL: 0.94

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.

Travel+Leisure Co's adjusted revenue per share data for the three months ended in Mar. 2024 was $12.722. 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 $47.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Travel+Leisure Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Travel+Leisure Co'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.

Travel+Leisure Co Cyclically Adjusted PS Ratio Chart

Travel+Leisure Co 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 1.36 1.16 1.32 0.81 0.84

Travel+Leisure Co 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 0.86 0.88 0.79 0.84 1.04

Competitive Comparison of Travel+Leisure Co's Cyclically Adjusted PS Ratio

For the Travel Services subindustry, Travel+Leisure Co'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.


Travel+Leisure Co's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Travel+Leisure Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Travel+Leisure Co's Cyclically Adjusted PS Ratio falls into.



Travel+Leisure Co 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.

Travel+Leisure Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=43.87/47.2
=0.93

* 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.

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

For example, Travel+Leisure Co'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)
=12.722/131.7762*131.7762
=12.722

Current CPI (Mar. 2024) = 131.7762.

Travel+Leisure Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 10.492 100.560 13.749
201409 12.016 100.428 15.767
201412 9.927 99.070 13.204
201503 10.344 99.621 13.683
201506 11.650 100.684 15.248
201509 13.254 100.392 17.398
201512 5.638 99.792 7.445
201603 11.430 100.470 14.991
201606 12.583 101.688 16.306
201609 14.352 101.861 18.567
201612 -5.440 101.863 -7.038
201703 10.887 102.862 13.947
201706 9.368 103.349 11.945
201709 9.864 104.136 12.482
201712 9.100 104.011 11.529
201803 8.998 105.290 11.262
201806 10.040 106.317 12.444
201809 10.673 106.507 13.205
201812 9.896 105.998 12.303
201903 9.694 107.251 11.911
201906 11.136 108.070 13.579
201909 12.011 108.329 14.611
201912 10.936 108.420 13.292
202003 6.421 108.902 7.770
202006 4.016 108.767 4.866
202009 7.131 109.815 8.557
202012 7.491 109.897 8.982
202103 7.227 111.754 8.522
202106 9.119 114.631 10.483
202109 9.600 115.734 10.931
202112 9.966 117.630 11.165
202203 9.299 121.301 10.102
202206 10.758 125.017 11.340
202209 11.208 125.227 11.794
202212 11.196 125.222 11.782
202303 11.226 127.348 11.616
202306 12.570 128.729 12.868
202309 13.397 129.860 13.595
202312 12.840 129.419 13.074
202403 12.722 131.776 12.722

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.


Travel+Leisure Co  (NYSE:TNL) 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.


Travel+Leisure Co Cyclically Adjusted PS Ratio Related Terms

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


Travel+Leisure Co (Travel+Leisure Co) Business Description

Traded in Other Exchanges
Address
6277 Sea Harbor Drive, Orlando, FL, USA, 32821
Travel+Leisure Co is a membership and leisure travel company. It provides hospitality services and travel products. The company operates in the segments of Vacation Ownership, which is the key revenue-driving segment, develops, markets and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts and Travel and Membership which operates a variety of travel businesses, including three vacation exchange brands, a home exchange network, travel technology platforms, travel memberships, and direct-to-consumer rentals. Majority of the revenue is earned from United States.
Executives
Olivier Chavy officer: See remarks C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
George Herrera director HERRERA-CRISTINA GROUP, LTD., 4222 FORTUNA CENTER PLAZA, #621, MONTCLAIR VA 22025
Michael Dean Brown director, officer: See Remarks C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Amandine Robin-caplan officer: See remarks C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
Thomas Michael Duncan officer: SVP, Chief Accounting Officer C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
James J Savina officer: See Remarks ONE PPG PLACE, PITTSBURGH PA 15222
Geoffrey Richards officer: See Remarks C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Sy Esfahani officer: Chief Technology Officer C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
Lucinda Martinez director C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
Stephen P Holmes director C/O CENDANT, 9 WEST 57TH, NEW YORK NY 10019
Denny Marie Post director C/O BURGER KING HOLDINGS, INC., 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Noah Brodsky officer: Chief Brand Officer C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Kimberly Marshall officer: Chief Human Resources Officer C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Brad Dettmer officer: Chief Information Officer C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Michael H Wargotz director AXCESS WORLDWIDE, 515 MADISON AVE., 15TH FLOOR, NEW YORK NY 10022

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