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Graham (FRA:781) Cyclically Adjusted PS Ratio : 2.24 (As of May. 21, 2024)


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What is Graham Cyclically Adjusted PS Ratio?

As of today (2024-05-21), Graham's current share price is €26.20. Graham's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €11.71. Graham's Cyclically Adjusted PS Ratio for today is 2.24.

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

FRA:781' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.56   Med: 1.95   Max: 5
Current: 2.32

During the past years, Graham's highest Cyclically Adjusted PS Ratio was 5.00. The lowest was 0.56. And the median was 1.95.

FRA:781's Cyclically Adjusted PS Ratio is ranked worse than
64.83% of 2195 companies
in the Industrial Products industry
Industry Median: 1.43 vs FRA:781: 2.32

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.

Graham's adjusted revenue per share data for the three months ended in Dec. 2023 was €3.680. 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 €11.71 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Graham Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Graham'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.

Graham Cyclically Adjusted PS Ratio Chart

Graham Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.94 1.23 1.31 0.66 1.06

Graham Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.79 1.06 1.06 1.30 1.48

Competitive Comparison of Graham's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, Graham'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.


Graham's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Graham's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Graham 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.20/11.71
=2.24

* 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.

Graham's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Graham's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.68/129.4194*129.4194
=3.680

Current CPI (Dec. 2023) = 129.4194.

Graham Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.864 99.695 2.420
201406 2.071 100.560 2.665
201409 2.720 100.428 3.505
201412 2.689 99.070 3.513
201503 3.411 99.621 4.431
201506 2.422 100.684 3.113
201509 2.015 100.392 2.598
201512 1.602 99.792 2.078
201603 2.053 100.470 2.645
201606 2.056 101.688 2.617
201609 1.935 101.861 2.459
201612 2.207 101.863 2.804
201703 2.452 102.862 3.085
201706 1.902 103.349 2.382
201709 1.478 104.136 1.837
201712 1.495 104.011 1.860
201803 1.841 105.290 2.263
201806 2.580 106.317 3.141
201809 1.866 106.507 2.267
201812 1.536 105.998 1.875
201903 2.126 107.251 2.565
201906 1.849 108.070 2.214
201909 1.988 108.329 2.375
201912 2.301 108.420 2.747
202003 2.113 108.902 2.511
202006 1.500 108.767 1.785
202009 2.379 109.815 2.804
202012 2.237 109.897 2.634
202103 2.159 111.754 2.500
202106 1.640 114.631 1.852
202109 2.717 115.734 3.038
202112 2.394 117.630 2.634
202203 3.390 121.301 3.617
202206 3.210 125.017 3.323
202209 3.629 125.227 3.751
202212 3.531 125.222 3.649
202303 3.749 127.348 3.810
202306 4.096 128.729 4.118
202309 3.907 129.860 3.894
202312 3.680 129.419 3.680

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.


Graham  (FRA:781) 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.


Graham Cyclically Adjusted PS Ratio Related Terms

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


Graham (FRA:781) Business Description

Traded in Other Exchanges
Address
20 Florence Avenue, Batavia, NY, USA, 14020
Graham Corporation manufactures and sells critical equipment for the energy, defense, and chemical/petrochemical industries based with emphasis on the United States. Its suite of products includes ejectors, surface condensers, turbopumps, compressors and liquid vacuum pumps, among others. For the defense industry, its equipment is used in nuclear propulsion power systems for the U.S. Navy. For the chemical and petrochemical industries, its equipment is used in fertilizer, ethylene, methanol and downstream chemical facilities. The company derives key revenue from the sale of Heat transfer equipment. It derives revenue from the US and other countries.

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