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Comfort Systems USA (Comfort Systems USA) Cyclically Adjusted PS Ratio : 3.76 (As of May. 22, 2024)


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What is Comfort Systems USA Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Comfort Systems USA's current share price is $327.36. Comfort Systems USA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $87.07. Comfort Systems USA's Cyclically Adjusted PS Ratio for today is 3.76.

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

FIX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.39   Med: 1.05   Max: 3.96
Current: 3.76

During the past years, Comfort Systems USA's highest Cyclically Adjusted PS Ratio was 3.96. The lowest was 0.39. And the median was 1.05.

FIX's Cyclically Adjusted PS Ratio is ranked worse than
90.37% of 1277 companies
in the Construction industry
Industry Median: 0.64 vs FIX: 3.76

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.

Comfort Systems USA's adjusted revenue per share data for the three months ended in Mar. 2024 was $42.900. 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 $87.07 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Comfort Systems USA Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Comfort Systems USA'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.

Comfort Systems USA Cyclically Adjusted PS Ratio Chart

Comfort Systems USA 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 1.08 1.03 1.66 1.64 2.50

Comfort Systems USA 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 1.98 2.14 2.13 2.50 3.65

Competitive Comparison of Comfort Systems USA's Cyclically Adjusted PS Ratio

For the Engineering & Construction subindustry, Comfort Systems USA'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.


Comfort Systems USA's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Comfort Systems USA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Comfort Systems USA 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.

Comfort Systems USA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=327.36/87.07
=3.76

* 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.

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

For example, Comfort Systems USA'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)
=42.9/131.7762*131.7762
=42.900

Current CPI (Mar. 2024) = 131.7762.

Comfort Systems USA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 9.578 100.560 12.551
201409 9.760 100.428 12.807
201412 9.522 99.070 12.666
201503 9.827 99.621 12.999
201506 10.986 100.684 14.379
201509 10.802 100.392 14.179
201512 10.117 99.792 13.360
201603 10.202 100.470 13.381
201606 11.277 101.688 14.614
201609 11.337 101.861 14.667
201612 10.405 101.863 13.461
201703 10.089 102.862 12.925
201706 12.343 103.349 15.738
201709 12.780 104.136 16.172
201712 12.251 104.011 15.521
201803 12.356 105.290 15.464
201806 14.228 106.317 17.635
201809 15.784 106.507 19.529
201812 15.704 105.998 19.523
201903 14.462 107.251 17.769
201906 17.470 108.070 21.302
201909 19.080 108.329 23.210
201912 19.441 108.420 23.629
202003 18.971 108.902 22.956
202006 20.238 108.767 24.519
202009 19.431 109.815 23.317
202012 19.118 109.897 22.924
202103 18.350 111.754 21.638
202106 19.523 114.631 22.443
202109 22.888 115.734 26.060
202112 23.584 117.630 26.420
202203 24.462 121.301 26.574
202206 28.219 125.017 29.745
202209 31.136 125.227 32.765
202212 31.076 125.222 32.703
202303 32.713 127.348 33.851
202306 36.106 128.729 36.961
202309 38.370 129.860 38.936
202312 37.868 129.419 38.558
202403 42.900 131.776 42.900

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.


Comfort Systems USA  (NYSE:FIX) 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.


Comfort Systems USA Cyclically Adjusted PS Ratio Related Terms

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


Comfort Systems USA (Comfort Systems USA) Business Description

Traded in Other Exchanges
Address
675 Bering Drive, Suite 400, Houston, TX, USA, 77057
Comfort Systems USA Inc provides comprehensive mechanical contracting services, including heating, ventilation, & air conditioning, or HVAC; plumbing; piping & controls; construction; and other electrical components. Projects are mainly for commercial, industrial, & institutional buildings, & tend to be geared toward HVAC. Revenue is roughly split between installation services for newly constructed facilities & maintenance services for existing buildings. The company installs & repairs products and systems throughout the United States. It operates in two segments, Mechanical services & Electrical services, the majority is from the Mechanical services segment.
Executives
Skidmore Constance Ellen director 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Rhoman J Hardy director 2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
William J Sandbrook director C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
Vance W Tang director C/O KONE INC., 4225 NAPERVILLE ROAD, SUITE 400, LISLE IL 60532
Laura Finley Howell officer: VP, General Counsel, Secretary 675 BERING DRIVE SUITE 400, HOUSTON TX 77057
Franklin Myers director C/O CAMERON INT'L CORPORATION, 1333 WEST LOOP S. #1700, HOUSTON TX 77027
Brian E. Lane officer: President / CEO COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Julie Shaeff officer: Chief Accounting Officer COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Cindy L. Wallis-lage director C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
William Iii George officer: Chief Financial Officer 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Herman E Bulls director JONES LANG LASALLE, 1801 K STREET NW SUITE 1000, WASHINGTON DC 20006
T Mckenna Trent officer: VP, General Counsel & Secy C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Darcy Anderson director C/O PEROT SYSTEMS CORP, 2300 WEST PLANO PKWY, PLANO TX 75075
Pablo G. Mercado, director 920 MEMORIAL CITY WAY, SUITE 800, HOUSTON TX 77024
Alan Krusi director AECOM, 555 SOUTH FLOWER ST. 37TH FLOOR, LOS ANGELES CA 90071

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