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Becton Dickinson (FRA:BOX) Cyclically Adjusted PS Ratio : 3.35 (As of May. 16, 2024)


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What is Becton Dickinson Cyclically Adjusted PS Ratio?

As of today (2024-05-16), Becton Dickinson's current share price is €216.20. Becton Dickinson's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €64.59. Becton Dickinson's Cyclically Adjusted PS Ratio for today is 3.35.

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

FRA:BOX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.11   Med: 4.19   Max: 5.57
Current: 3.39

During the past years, Becton Dickinson's highest Cyclically Adjusted PS Ratio was 5.57. The lowest was 3.11. And the median was 4.19.

FRA:BOX's Cyclically Adjusted PS Ratio is ranked worse than
60.97% of 474 companies
in the Medical Devices & Instruments industry
Industry Median: 2.185 vs FRA:BOX: 3.39

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.

Becton Dickinson's adjusted revenue per share data for the three months ended in Mar. 2024 was €15.986. 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 €64.59 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Becton Dickinson Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Becton Dickinson'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.

Becton Dickinson Cyclically Adjusted PS Ratio Chart

Becton Dickinson 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 4.88 4.25 4.06 3.39 3.71

Becton Dickinson 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 3.66 3.84 3.71 3.50 3.53

Competitive Comparison of Becton Dickinson's Cyclically Adjusted PS Ratio

For the Medical Instruments & Supplies subindustry, Becton Dickinson'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.


Becton Dickinson's Cyclically Adjusted PS Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Becton Dickinson's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Becton Dickinson 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.

Becton Dickinson's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=216.20/64.59
=3.35

* 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.

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

For example, Becton Dickinson'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)
=15.986/131.7762*131.7762
=15.986

Current CPI (Mar. 2024) = 131.7762.

Becton Dickinson Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.058 100.560 10.559
201409 8.656 100.428 11.358
201412 8.443 99.070 11.230
201503 9.479 99.621 12.539
201506 12.934 100.684 16.928
201509 12.545 100.392 16.467
201512 12.673 99.792 16.735
201603 12.719 100.470 16.682
201606 13.094 101.688 16.968
201609 13.163 101.861 17.029
201612 12.722 101.863 16.458
201703 12.742 102.862 16.324
201706 12.233 103.349 15.598
201709 11.394 104.136 14.418
201712 11.314 104.011 14.334
201803 12.808 105.290 16.030
201806 13.369 106.317 16.570
201809 13.673 106.507 16.917
201812 13.333 105.998 16.576
201903 13.756 107.251 16.902
201906 14.033 108.070 17.111
201909 15.104 108.329 18.373
201912 13.830 108.420 16.809
202003 13.994 108.902 16.933
202006 12.005 108.767 14.545
202009 10.806 109.815 12.967
202012 14.905 109.897 17.872
202103 14.042 111.754 16.558
202106 13.100 114.631 15.059
202109 14.258 115.734 16.234
202112 14.563 117.630 16.314
202203 15.012 121.301 16.308
202206 15.282 125.017 16.108
202209 16.745 125.227 17.621
202212 15.172 125.222 15.966
202303 15.764 127.348 16.312
202306 15.636 128.729 16.006
202309 16.187 129.860 16.426
202312 14.809 129.419 15.079
202403 15.986 131.776 15.986

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.


Becton Dickinson  (FRA:BOX) 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.


Becton Dickinson Cyclically Adjusted PS Ratio Related Terms

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


Becton Dickinson (FRA:BOX) Business Description

Address
1 Becton Drive, Franklin Lakes, NJ, USA, 07417-1880
Becton, Dickinson is the world's largest manufacturer and distributor of medical surgical products, such as needles, syringes, and sharps-disposal units. The company also manufactures pre-filled devices, diagnostic instruments and reagents, as well as flow cytometry and cell-imaging systems. BD Medical is nearly half of the total business, while BD Life Sciences (26% of estimated 2023 revenue) and BD Interventional (25%) account for the remainder. International revenue accounts for 43% of the company's business.

Becton Dickinson (FRA:BOX) Headlines