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Conagra Brands (Conagra Brands) Cyclically Adjusted PS Ratio : 1.21 (As of May. 17, 2024)


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What is Conagra Brands Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Conagra Brands's current share price is $30.99. Conagra Brands's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was $25.51. Conagra Brands's Cyclically Adjusted PS Ratio for today is 1.21.

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

CAG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.23   Max: 1.52
Current: 1.21

During the past years, Conagra Brands's highest Cyclically Adjusted PS Ratio was 1.52. The lowest was 0.77. And the median was 1.23.

CAG's Cyclically Adjusted PS Ratio is ranked worse than
62.32% of 1372 companies
in the Consumer Packaged Goods industry
Industry Median: 0.82 vs CAG: 1.21

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.

Conagra Brands's adjusted revenue per share data for the three months ended in Feb. 2024 was $6.319. 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 $25.51 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Conagra Brands Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Conagra Brands'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.

Conagra Brands Cyclically Adjusted PS Ratio Chart

Conagra Brands Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 1.32 1.43 1.21 1.30

Conagra Brands Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.37 1.30 1.13 1.10 1.10

Competitive Comparison of Conagra Brands's Cyclically Adjusted PS Ratio

For the Packaged Foods subindustry, Conagra Brands'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.


Conagra Brands's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Conagra Brands's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Conagra Brands 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.

Conagra Brands's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=30.99/25.51
=1.21

* 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.

Conagra Brands's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=6.319/130.9299*130.9299
=6.319

Current CPI (Feb. 2024) = 130.9299.

Conagra Brands Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 -0.108 100.373 -0.141
201408 6.436 100.352 8.397
201411 7.280 99.635 9.567
201502 6.725 99.032 8.891
201505 0.514 100.333 0.671
201508 6.415 100.548 8.353
201511 5.387 100.135 7.044
201602 5.003 100.040 6.548
201605 4.653 101.355 6.011
201608 4.282 101.617 5.517
201611 4.732 101.829 6.084
201702 4.540 102.779 5.784
201705 4.391 103.256 5.568
201708 4.304 103.587 5.440
201711 5.296 104.072 6.663
201802 4.955 105.052 6.176
201805 4.961 106.148 6.119
201808 4.655 106.383 5.729
201811 5.651 106.338 6.958
201902 5.554 106.649 6.818
201905 5.409 108.048 6.554
201908 4.900 108.245 5.927
201911 5.777 108.519 6.970
202002 5.227 109.139 6.271
202005 6.721 108.175 8.135
202008 5.468 109.662 6.528
202011 6.101 109.793 7.276
202102 5.683 110.968 6.705
202105 5.665 113.576 6.531
202108 5.501 115.421 6.240
202111 6.348 117.269 7.087
202202 6.043 119.703 6.610
202205 6.035 123.323 6.407
202208 6.043 124.958 6.332
202211 6.889 125.607 7.181
202302 6.438 126.928 6.641
202305 6.197 128.314 6.323
202308 6.053 129.538 6.118
202311 6.686 129.548 6.757
202402 6.319 130.930 6.319

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.


Conagra Brands  (NYSE:CAG) 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.


Conagra Brands Cyclically Adjusted PS Ratio Related Terms

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


Conagra Brands (Conagra Brands) Business Description

Traded in Other Exchanges
Address
222 W. Merchandise Mart Plaza, Suite 1300, Chicago, IL, USA, 60654
Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of revenue and profits). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. The company primarily sells through the U.S. retail channel, with just 8% of fiscal 2023 revenue coming from international markets and 9% from foodservice.
Executives
Richard H Lenny director ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Francisco Fraga director 222 MERCHANDISE MART PLAZA, SUITE 1300, CHICAGO IL 60654
Thomas M Mcgough officer: EVP and Co-COO C/O CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS 1-330, OMAHA NE 68102
William Eric Johnson officer: SVP, Corporate Controller 222 MERCHANDISE MART PLAZA, SUITE 1300, CHICAGO IL 60654
Charisse Brock officer: EVP, Chief HR Officer C/CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS1-330, OMAHA NE 68102
Robert G Wise officer: SVP, Corporate Controller C/O CONAGRA FOODS, INC., ONE CONAGRA DRIVE, OMAHA NE 68102
Carey Bartell officer: EVP, GC and Corp. Secretary C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE. 1300, CHICAGO IL 60654
Denise Paulonis director 8000 BENT BRANCH DRIVE, IRVING TX 75063
Emanuel Chirico director 7 NEW YORK PLACE, BRONSVILLE NY 10708
Batcheler Colleen officer: SVP and General Counsel ONE CONAGRA DRIVE, OMAHA NE 68102
Darren Serrao officer: EVP and Co-COO C/CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS1-330, OMAHA NE 68102
George Dowdie director C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE 1300, CHICAGO IL 60654
Fran Horowitz-bonadies director 6301 FITCH PATH, NEW ALBANY OH 43054
Alexandre Eboli officer: EVP,Chief Supply Chain Officer C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE. 1300, CHICAGO IL 60654
Jana Partners Llc director, other: See Remarks 767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153

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