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Biogen (BUE:BIIB) Cyclically Adjusted PS Ratio : 2.98 (As of May. 14, 2024)


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What is Biogen Cyclically Adjusted PS Ratio?

As of today (2024-05-14), Biogen's current share price is ARS18636.00. Biogen's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ARS6,256.31. Biogen's Cyclically Adjusted PS Ratio for today is 2.98.

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

BUE:BIIB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.59   Med: 8.22   Max: 22.51
Current: 3

During the past years, Biogen's highest Cyclically Adjusted PS Ratio was 22.51. The lowest was 2.59. And the median was 8.22.

BUE:BIIB's Cyclically Adjusted PS Ratio is ranked worse than
61.74% of 745 companies
in the Drug Manufacturers industry
Industry Median: 2.17 vs BUE:BIIB: 3.00

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.

Biogen's adjusted revenue per share data for the three months ended in Mar. 2024 was ARS13,226.500. 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 ARS6,256.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Biogen Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Biogen'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.

Biogen Cyclically Adjusted PS Ratio Chart

Biogen 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 6.44 4.63 3.91 4.00 3.47

Biogen 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 3.89 3.91 3.46 3.47 2.87

Competitive Comparison of Biogen's Cyclically Adjusted PS Ratio

For the Drug Manufacturers - General subindustry, Biogen'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.


Biogen's Cyclically Adjusted PS Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Biogen's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Biogen 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18636.00/6256.31
=2.98

* 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.

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

For example, Biogen'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)
=13226.5/129.4194*129.4194
=13,226.500

Current CPI (Mar. 2024) = 129.4194.

Biogen Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 82.874 100.560 106.658
201409 89.225 100.428 114.983
201412 95.496 99.070 124.751
201503 95.643 99.621 124.251
201506 99.913 100.684 128.428
201509 112.290 100.392 144.758
201512 166.511 99.792 215.946
201603 181.588 100.470 233.910
201606 184.413 101.688 234.704
201609 200.961 101.861 255.331
201612 209.808 101.863 266.567
201703 200.707 102.862 252.526
201706 239.193 103.349 299.531
201709 254.645 104.136 316.472
201712 297.724 104.011 370.453
201803 298.009 105.290 366.306
201806 403.816 106.317 491.565
201809 626.804 106.507 761.648
201812 664.132 105.998 810.880
201903 692.468 107.251 835.603
201906 848.690 108.070 1,016.355
201909 1,093.047 108.329 1,305.846
201912 1,232.155 108.420 1,470.804
202003 1,267.311 108.902 1,506.082
202006 1,566.453 108.767 1,863.882
202009 1,594.413 109.815 1,879.053
202012 1,506.454 109.897 1,774.068
202103 1,593.405 111.754 1,845.274
202106 1,751.338 114.631 1,977.269
202109 1,828.539 115.734 2,044.756
202112 1,871.773 117.630 2,059.379
202203 1,841.765 121.301 1,965.030
202206 2,130.960 125.017 2,206.004
202209 2,407.155 125.227 2,487.753
202212 2,933.298 125.222 3,031.626
202303 3,351.003 127.348 3,405.515
202306 4,051.134 128.729 4,072.871
202309 6,115.183 129.860 6,094.458
202312 5,904.416 129.419 5,904.416
202403 13,226.500 129.419 13,226.500

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.


Biogen  (BUE:BIIB) 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.


Biogen Cyclically Adjusted PS Ratio Related Terms

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


Biogen (BUE:BIIB) Business Description

Industry
Address
225 Binney Street, Cambridge, MA, USA, 02142
Biogen and Idec merged in 2003, combining forces to market Biogen's multiple sclerosis drug Avonex and Idec's cancer drug Rituxan. Today, Rituxan and next-generation antibody Gazyva are marketed via a collaboration with Roche. Biogen also markets novel multiple sclerosis drugs Plegridy, Tysabri, Tecfidera, and Vumerity. In Japan, Biogen's MS portfolio is copromoted by Eisai. Hemophilia therapies Eloctate and Alprolix (partnered with Sobi) were spun off as part of Bioverativ in 2017. Biogen's newer products include Spinraza (SMA, with partner Ionis), Leqembi (Alzheimers, with partner Eisai), Skyclarys (Friedreich's Ataxia, Reata), Zurzuvae (post-partum depression, Sage), and Qalsody (ALS, Ionis). Biogen has several drug candidates in phase 3 trials in neurology-related fields.

Biogen (BUE:BIIB) Headlines

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