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Metro (FRA:62M) Cyclically Adjusted PS Ratio : 0.96 (As of Jun. 06, 2024)


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What is Metro Cyclically Adjusted PS Ratio?

As of today (2024-06-06), Metro's current share price is €50.24. Metro's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €52.45. Metro's Cyclically Adjusted PS Ratio for today is 0.96.

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

FRA:62M' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.98   Max: 1.2
Current: 0.99

During the past years, Metro's highest Cyclically Adjusted PS Ratio was 1.20. The lowest was 0.59. And the median was 0.98.

FRA:62M's Cyclically Adjusted PS Ratio is ranked worse than
77.29% of 229 companies
in the Retail - Defensive industry
Industry Median: 0.4 vs FRA:62M: 0.99

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.

Metro's adjusted revenue per share data for the three months ended in Mar. 2024 was €13.933. 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 €52.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Metro Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Metro'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.

Metro Cyclically Adjusted PS Ratio Chart

Metro Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.13 1.17 1.03 1.02 0.95

Metro 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 1.06 1.03 0.95 0.92 0.95

Competitive Comparison of Metro's Cyclically Adjusted PS Ratio

For the Grocery Stores subindustry, Metro'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.


Metro's Cyclically Adjusted PS Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Metro's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Metro 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=50.24/52.45
=0.96

* 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.

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

For example, Metro'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)
=13.933/126.2576*126.2576
=13.933

Current CPI (Mar. 2024) = 126.2576.

Metro Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 9.446 99.473 11.989
201409 7.443 99.394 9.455
201412 7.849 98.367 10.074
201503 7.814 99.789 9.887
201506 11.070 100.500 13.907
201509 7.718 100.421 9.704
201512 8.193 99.947 10.350
201603 8.163 101.054 10.199
201606 11.621 102.002 14.384
201609 8.390 101.765 10.409
201612 9.028 101.449 11.236
201703 8.787 102.634 10.810
201706 11.891 103.029 14.572
201709 9.641 103.345 11.779
201712 9.000 103.345 10.995
201803 7.945 105.004 9.553
201806 12.418 105.557 14.853
201809 9.630 105.636 11.510
201812 10.122 105.399 12.125
201903 9.529 106.979 11.246
201906 13.609 107.690 15.955
201909 10.373 107.611 12.170
201912 10.804 107.769 12.657
202003 10.189 107.927 11.919
202006 15.131 108.401 17.623
202009 10.548 108.164 12.312
202012 10.943 108.559 12.727
202103 11.290 110.298 12.924
202106 15.805 111.720 17.862
202109 11.195 112.905 12.519
202112 12.297 113.774 13.646
202203 12.688 117.646 13.617
202206 18.049 120.806 18.864
202209 14.025 120.648 14.677
202212 13.736 120.964 14.337
202303 13.241 122.702 13.625
202306 19.206 124.203 19.524
202309 15.250 125.230 15.375
202312 14.847 125.072 14.988
202403 13.933 126.258 13.933

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.


Metro  (FRA:62M) 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.


Metro Cyclically Adjusted PS Ratio Related Terms

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


Metro (FRA:62M) Business Description

Traded in Other Exchanges
Address
11011 Maurice-Duplessis, Finances, Montreal, Montreal, QC, CAN, H1C 1V6
Metro is the third-largest grocery retailer in Canada (behind Loblaw and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaw and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in the provinces of Quebec and Ontario, with no presence in western Canada.

Metro (FRA:62M) Headlines

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