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Target (BSP:TGTB34) Cyclically Adjusted PS Ratio : 0.77 (As of Jun. 07, 2024)


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What is Target Cyclically Adjusted PS Ratio?

As of today (2024-06-07), Target's current share price is R$781.00. Target's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2024 was R$1,015.32. Target's Cyclically Adjusted PS Ratio for today is 0.77.

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

BSP:TGTB34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.75   Max: 1.82
Current: 0.74

During the past years, Target's highest Cyclically Adjusted PS Ratio was 1.82. The lowest was 0.46. And the median was 0.75.

BSP:TGTB34's Cyclically Adjusted PS Ratio is ranked worse than
69.13% of 230 companies
in the Retail - Defensive industry
Industry Median: 0.395 vs BSP:TGTB34: 0.74

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.

Target's adjusted revenue per share data for the three months ended in Apr. 2024 was R$271.274. 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$1,015.32 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Target Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Target'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.

Target Cyclically Adjusted PS Ratio Chart

Target Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 1.31 1.40 0.97 0.73

Target Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 0.87 0.74 0.59 0.73 0.82

Competitive Comparison of Target's Cyclically Adjusted PS Ratio

For the Discount Stores subindustry, Target'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.


Target's Cyclically Adjusted PS Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Target's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Target 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=781.00/1015.32
=0.77

* 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.

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

For example, Target's adjusted Revenue per Share data for the three months ended in Apr. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=271.274/131.7762*131.7762
=271.274

Current CPI (Apr. 2024) = 131.7762.

Target Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201407 59.079 100.520 77.449
201410 66.078 100.176 86.923
201501 88.938 98.604 118.859
201504 80.566 99.824 106.354
201507 87.782 100.691 114.882
201510 108.546 100.346 142.544
201601 142.496 99.957 187.856
201604 95.583 100.947 124.774
201607 90.327 101.524 117.243
201610 91.112 101.988 117.724
201701 121.309 102.456 156.024
201704 91.722 103.167 117.157
201707 96.428 103.278 123.036
201710 98.315 104.070 124.489
201801 135.233 104.578 170.404
201804 105.739 105.708 131.815
201807 126.686 106.324 157.013
201810 126.180 106.695 155.842
201901 163.741 106.200 203.175
201904 132.242 107.818 161.627
201907 134.872 108.250 164.184
201910 148.018 108.577 179.644
202001 189.715 108.841 229.693
202004 206.198 108.173 251.189
202007 240.204 109.318 289.553
202010 251.903 109.861 302.154
202101 300.601 110.364 358.921
202104 267.667 112.673 313.049
202107 261.012 115.183 298.614
202110 290.464 116.696 328.000
202201 356.802 118.619 396.377
202204 255.827 121.978 276.377
202207 301.492 125.002 317.831
202210 301.136 125.734 315.606
202301 352.148 126.223 367.641
202304 274.691 127.992 282.812
202307 257.130 128.974 262.716
202310 277.583 129.810 281.788
202401 338.985 130.124 343.288
202404 271.274 131.776 271.274

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.


Target  (BSP:TGTB34) 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.


Target Cyclically Adjusted PS Ratio Related Terms

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


Target (BSP:TGTB34) Business Description

Address
1000 Nicollet Mall, Minneapolis, MN, USA, 55403
Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top U.S. retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.

Target (BSP:TGTB34) Headlines

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