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CareDx (FRA:1K9) Cyclically Adjusted PS Ratio : 3.65 (As of Jun. 10, 2024)


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What is CareDx Cyclically Adjusted PS Ratio?

As of today (2024-06-10), CareDx's current share price is €14.025. CareDx's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €3.84. CareDx's Cyclically Adjusted PS Ratio for today is 3.65.

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

FRA:1K9' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.22   Med: 2.41   Max: 5.24
Current: 3.59

During the past years, CareDx's highest Cyclically Adjusted PS Ratio was 5.24. The lowest was 1.22. And the median was 2.41.

FRA:1K9's Cyclically Adjusted PS Ratio is ranked worse than
62.12% of 132 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.4 vs FRA:1K9: 3.59

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.

CareDx's adjusted revenue per share data for the three months ended in Mar. 2024 was €1.282. 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 €3.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CareDx Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CareDx'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.

CareDx Cyclically Adjusted PS Ratio Chart

CareDx 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 - - - 2.97 2.93

CareDx 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 2.31 2.10 1.71 2.93 2.50

Competitive Comparison of CareDx's Cyclically Adjusted PS Ratio

For the Diagnostics & Research subindustry, CareDx'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.


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

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

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



CareDx 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.025/3.84
=3.65

* 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.

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

For example, CareDx'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)
=1.282/131.7762*131.7762
=1.282

Current CPI (Mar. 2024) = 131.7762.

CareDx Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.475 100.560 0.622
201409 0.460 100.428 0.604
201412 0.527 99.070 0.701
201503 0.564 99.621 0.746
201506 0.537 100.684 0.703
201509 0.536 100.392 0.704
201512 0.513 99.792 0.677
201603 0.492 100.470 0.645
201606 0.704 101.688 0.912
201609 0.571 101.861 0.739
201612 0.483 101.863 0.625
201703 0.507 102.862 0.650
201706 0.501 103.349 0.639
201709 0.454 104.136 0.575
201712 0.377 104.011 0.478
201803 0.385 105.290 0.482
201806 0.429 106.317 0.532
201809 0.489 106.507 0.605
201812 0.515 105.998 0.640
201903 0.553 107.251 0.679
201906 0.661 108.070 0.806
201909 0.724 108.329 0.881
201912 0.759 108.420 0.923
202003 0.811 108.902 0.981
202006 0.830 108.767 1.006
202009 0.924 109.815 1.109
202012 0.977 109.897 1.172
202103 1.106 111.754 1.304
202106 1.179 114.631 1.355
202109 1.220 115.734 1.389
202112 1.326 117.630 1.485
202203 1.360 121.301 1.477
202206 1.432 125.017 1.509
202209 1.498 125.227 1.576
202212 1.453 125.222 1.529
202303 1.345 127.348 1.392
202306 1.205 128.729 1.234
202309 1.162 129.860 1.179
202312 1.126 129.419 1.147
202403 1.282 131.776 1.282

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.


CareDx  (FRA:1K9) 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.


CareDx Cyclically Adjusted PS Ratio Related Terms

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


CareDx (FRA:1K9) Business Description

Traded in Other Exchanges
Address
8000 Marina Boulevard, Brisbane, CA, USA, 94005
CareDx Inc operates as a precision medicine company focused on the discovery, development, and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers. It offers testing services, products, and digital solutions along with the pre-and post-transplant patient journey and is a provider of genomics-based information for transplant patients. Its primary operations are in Brisbane, California; Omaha, Nebraska; Fremantle, Australia and Stockholm, Sweden.

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