GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » FMC Corp (BSP:F1MC34) » Definitions » Cyclically Adjusted PS Ratio

FMC (BSP:F1MC34) Cyclically Adjusted PS Ratio : 1.68 (As of Jun. 06, 2024)


View and export this data going back to 2020. Start your Free Trial

What is FMC Cyclically Adjusted PS Ratio?

As of today (2024-06-06), FMC's current share price is R$152.40. FMC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$90.85. FMC's Cyclically Adjusted PS Ratio for today is 1.68.

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

BSP:F1MC34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.35   Med: 3.1   Max: 4.53
Current: 1.61

During the past years, FMC's highest Cyclically Adjusted PS Ratio was 4.53. The lowest was 1.35. And the median was 3.10.

BSP:F1MC34's Cyclically Adjusted PS Ratio is ranked worse than
68.18% of 198 companies
in the Agriculture industry
Industry Median: 1.04 vs BSP:F1MC34: 1.61

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.

FMC's adjusted revenue per share data for the three months ended in Mar. 2024 was R$18.250. 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$90.85 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FMC Cyclically Adjusted PS Ratio Historical Data

The historical data trend for FMC'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.

FMC Cyclically Adjusted PS Ratio Chart

FMC 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 3.88 4.24 3.62 3.72 1.79

FMC 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 3.55 3.01 1.92 1.79 1.77

Competitive Comparison of FMC's Cyclically Adjusted PS Ratio

For the Agricultural Inputs subindustry, FMC'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.


FMC's Cyclically Adjusted PS Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, FMC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



FMC 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=152.40/90.85
=1.68

* 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.

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

For example, FMC'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)
=18.25/131.7762*131.7762
=18.250

Current CPI (Mar. 2024) = 131.7762.

FMC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.615 100.560 8.668
201409 7.127 100.428 9.352
201412 8.734 99.070 11.617
201503 7.754 99.621 10.257
201506 10.266 100.684 13.436
201509 12.065 100.392 15.837
201512 1.651 99.792 2.180
201603 8.348 100.470 10.949
201606 7.826 101.688 10.142
201609 7.593 101.861 9.823
201612 8.572 101.863 11.089
201703 6.899 102.862 8.838
201706 7.981 103.349 10.176
201709 7.445 104.136 9.421
201712 7.746 104.011 9.814
201803 13.340 105.290 16.696
201806 15.976 106.317 19.802
201809 13.915 106.507 17.216
201812 15.836 105.998 19.687
201903 17.185 107.251 21.115
201906 17.579 108.070 21.435
201909 15.875 108.329 19.311
201912 18.767 108.420 22.810
202003 23.407 108.902 28.324
202006 22.956 108.767 27.812
202009 22.389 109.815 26.866
202012 22.703 109.897 27.223
202103 25.849 111.754 30.480
202106 24.041 114.631 27.637
202109 24.432 115.734 27.819
202112 31.362 117.630 35.134
202203 26.499 121.301 28.787
202206 28.874 125.017 30.435
202209 28.455 125.227 29.943
202212 33.711 125.222 35.476
202303 27.757 127.348 28.722
202306 19.592 128.729 20.056
202309 19.357 129.860 19.643
202312 22.448 129.419 22.857
202403 18.250 131.776 18.250

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.


FMC  (BSP:F1MC34) 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.


FMC Cyclically Adjusted PS Ratio Related Terms

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


FMC (BSP:F1MC34) Business Description

Industry
Traded in Other Exchanges
Address
2929 Walnut Street, Philadelphia, PA, USA, 19104
FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop protection companies and focuses on the development of new products, including biologicals, through its research and development pipeline.

FMC (BSP:F1MC34) Headlines

No Headlines