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Waters (BSP:WATC34) Cyclically Adjusted PS Ratio : 8.18 (As of Jun. 09, 2024)


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What is Waters Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Waters's current share price is R$394.00. Waters's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$48.18. Waters's Cyclically Adjusted PS Ratio for today is 8.18.

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

BSP:WATC34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.34   Med: 7.78   Max: 13.58
Current: 7.18

During the past years, Waters's highest Cyclically Adjusted PS Ratio was 13.58. The lowest was 5.34. And the median was 7.78.

BSP:WATC34's Cyclically Adjusted PS Ratio is ranked worse than
83.97% of 131 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.5 vs BSP:WATC34: 7.18

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.

Waters's adjusted revenue per share data for the three months ended in Mar. 2024 was R$13.340. 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$48.18 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Waters Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Waters'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.

Waters Cyclically Adjusted PS Ratio Chart

Waters 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 8.69 8.54 11.25 9.12 8.04

Waters 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 8.00 6.71 6.76 8.04 8.18

Competitive Comparison of Waters's Cyclically Adjusted PS Ratio

For the Diagnostics & Research subindustry, Waters'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.


Waters's Cyclically Adjusted PS Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Waters's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Waters 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=394.00/48.18
=8.18

* 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.

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

For example, Waters'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)
=13.34/131.7762*131.7762
=13.340

Current CPI (Mar. 2024) = 131.7762.

Waters Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.162 100.560 4.144
201409 3.415 100.428 4.481
201412 4.531 99.070 6.027
201503 4.317 99.621 5.710
201506 4.619 100.684 6.045
201509 5.900 100.392 7.744
201512 6.904 99.792 9.117
201603 5.360 100.470 7.030
201606 5.638 101.688 7.306
201609 5.265 101.861 6.811
201612 6.513 101.863 8.426
201703 4.821 102.862 6.176
201706 5.695 103.349 7.261
201709 5.501 104.136 6.961
201712 7.038 104.011 8.917
201803 5.457 105.290 6.830
201806 7.166 106.317 8.882
201809 7.697 106.507 9.523
201812 9.220 105.998 11.462
201903 6.813 107.251 8.371
201906 8.311 108.070 10.134
201909 8.904 108.329 10.831
201912 11.473 108.420 13.945
202003 9.069 108.902 10.974
202006 10.846 108.767 13.140
202009 12.866 109.815 15.439
202012 16.177 109.897 19.398
202103 13.688 111.754 16.140
202106 13.786 114.631 15.848
202109 14.058 115.734 16.007
202112 19.265 117.630 21.582
202203 14.095 121.301 15.312
202206 14.897 125.017 15.702
202209 15.460 125.227 16.269
202212 18.838 125.222 19.824
202303 15.030 127.348 15.553
202306 15.228 128.729 15.589
202309 14.829 129.860 15.048
202312 16.929 129.419 17.237
202403 13.340 131.776 13.340

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.


Waters  (BSP:WATC34) 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.


Waters Cyclically Adjusted PS Ratio Related Terms

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


Waters (BSP:WATC34) Business Description

Traded in Other Exchanges
Address
34 Maple Street, Milford, MA, USA, 01757
Water sells liquid chromatography, mass spectrometry, and thermal analysis tools. These analytical instruments provide essential information on various products, such as their molecular structures and physical properties, to help clients enhance the health and well-being of end users. As a percentage of sales in 2022, Waters generated 59% from pharmaceutical customers, 31% from industrial clients, and 10% from academic/government institutions.

Waters (BSP:WATC34) Headlines

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