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Deere (FRA:DCO) Cyclically Adjusted PS Ratio : 2.55 (As of May. 22, 2024)


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What is Deere Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Deere's current share price is €357.00. Deere's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2024 was €140.16. Deere's Cyclically Adjusted PS Ratio for today is 2.55.

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

FRA:DCO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.66   Max: 3.75
Current: 2.68

During the past years, Deere's highest Cyclically Adjusted PS Ratio was 3.75. The lowest was 0.97. And the median was 1.66.

FRA:DCO's Cyclically Adjusted PS Ratio is ranked worse than
84.21% of 171 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.06 vs FRA:DCO: 2.68

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.

Deere's adjusted revenue per share data for the three months ended in Apr. 2024 was €50.296. 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 €140.16 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deere Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Deere'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.

Deere Cyclically Adjusted PS Ratio Chart

Deere Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.79 2.21 3.02 3.09 2.61

Deere Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 2.82 3.13 2.61 2.77 2.68

Competitive Comparison of Deere's Cyclically Adjusted PS Ratio

For the Farm & Heavy Construction Machinery subindustry, Deere'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.


Deere's Cyclically Adjusted PS Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Deere's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Deere 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=357.00/140.16
=2.55

* 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.

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

For example, Deere's adjusted Revenue per Share data for the three months ended in Apr. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=50.296/131.7762*131.7762
=50.296

Current CPI (Apr. 2024) = 131.7762.

Deere Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201407 18.817 100.520 24.668
201410 19.332 100.176 25.430
201501 15.438 98.604 20.632
201504 21.692 99.824 28.635
201507 20.232 100.691 26.478
201510 17.986 100.346 23.619
201601 15.567 99.957 20.522
201604 21.484 100.947 28.045
201607 18.633 101.524 24.185
201610 18.121 101.988 23.414
201701 15.740 102.456 20.244
201704 22.891 103.167 29.239
201707 20.060 103.278 25.595
201710 20.425 104.070 25.863
201801 17.012 104.578 21.436
201804 25.997 105.708 32.408
201807 26.285 106.324 32.577
201810 24.626 106.695 30.415
201901 21.054 106.200 26.124
201904 30.691 107.818 37.511
201907 27.482 108.250 33.455
201910 27.470 108.577 33.339
202001 21.093 108.841 25.538
202004 26.398 108.173 32.158
202007 23.959 109.318 28.881
202010 25.527 109.861 30.619
202101 23.077 110.364 27.554
202104 31.316 112.673 36.626
202107 30.336 115.183 34.706
202110 30.747 116.696 34.720
202201 26.660 118.619 29.617
202204 38.561 121.978 41.658
202207 44.523 125.002 46.936
202210 51.325 125.734 53.791
202301 38.460 126.223 40.152
202304 52.776 127.992 54.336
202307 48.084 128.974 49.129
202310 50.065 129.810 50.823
202401 38.686 130.124 39.177
202404 50.296 131.776 50.296

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.


Deere  (FRA:DCO) 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.


Deere Cyclically Adjusted PS Ratio Related Terms

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


Deere (FRA:DCO) Business Description

Address
One John Deere Place, Moline, IL, USA, 61265
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.

Deere (FRA:DCO) Headlines

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