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Loblaw (FRA:L8G) Cyclically Adjusted PS Ratio : 1.01 (As of Jun. 07, 2024)


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What is Loblaw Cyclically Adjusted PS Ratio?

As of today (2024-06-07), Loblaw's current share price is €108.00. Loblaw's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €106.50. Loblaw's Cyclically Adjusted PS Ratio for today is 1.01.

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

FRA:L8G' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.5   Max: 1.02
Current: 1.02

During the past years, Loblaw's highest Cyclically Adjusted PS Ratio was 1.02. The lowest was 0.29. And the median was 0.50.

FRA:L8G's Cyclically Adjusted PS Ratio is ranked worse than
78.7% of 230 companies
in the Retail - Defensive industry
Industry Median: 0.395 vs FRA:L8G: 1.02

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.

Loblaw's adjusted revenue per share data for the three months ended in Mar. 2024 was €29.595. 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 €106.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Loblaw Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Loblaw'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.

Loblaw Cyclically Adjusted PS Ratio Chart

Loblaw 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 0.54 0.50 0.77 0.82 0.82

Loblaw Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 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 0.82 0.80 0.74 0.82 0.95

Competitive Comparison of Loblaw's Cyclically Adjusted PS Ratio

For the Grocery Stores subindustry, Loblaw'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.


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

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

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



Loblaw 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=108.00/106.5
=1.01

* 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.

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

For example, Loblaw'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)
=29.595/126.2576*126.2576
=29.595

Current CPI (Mar. 2024) = 126.2576.

Loblaw Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 16.696 98.604 21.378
201406 17.381 99.473 22.061
201409 23.000 99.394 29.216
201412 18.810 98.367 24.143
201503 17.683 99.789 22.373
201506 18.218 100.500 22.887
201509 22.516 100.421 28.309
201512 17.607 99.947 22.242
201603 17.083 101.054 21.344
201606 18.070 102.002 22.367
201609 23.620 101.765 29.305
201612 19.464 101.449 24.224
201703 18.022 102.634 22.170
201706 18.529 103.029 22.707
201709 24.550 103.345 29.993
201712 18.438 103.345 22.526
201803 16.855 105.004 20.267
201806 18.601 105.557 22.249
201809 25.020 105.636 29.904
201812 19.456 105.399 23.306
201903 18.996 106.979 22.419
201906 20.017 107.690 23.468
201909 27.443 107.611 32.198
201912 21.731 107.769 25.459
202003 21.179 107.927 24.776
202009 28.091 108.164 32.790
202012 24.065 108.559 27.988
202103 22.786 110.298 26.083
202106 24.742 111.720 27.962
202109 31.657 112.905 35.401
202112 26.103 113.774 28.967
202203 26.120 117.646 28.032
202206 28.384 120.806 29.665
202209 39.945 120.648 41.802
202212 29.185 120.964 30.462
202303 27.310 122.702 28.101
202306 29.594 124.203 30.083
202309 39.724 125.230 40.050
202312 31.511 125.072 31.810
202403 29.595 126.258 29.595

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.


Loblaw  (FRA:L8G) 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.


Loblaw Cyclically Adjusted PS Ratio Related Terms

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


Loblaw (FRA:L8G) Business Description

Traded in Other Exchanges
Address
1 President’s Choice Circle, Brampton, ON, CAN, L6Y 5S5
Loblaw is Canada's largest retailer, operating 2,500 food retail and pharmacy stores across the country. Its main grocery banners include Loblaw, No Frills, and Maxi, and its pharmacy stores are mostly under the Shoppers Drug Mart banner, which it acquired in 2014. In addition to brand-name offerings, Loblaw offers private-label products under the President's Choice and No Name brands. Beyond retail, Loblaw runs the PC Optimum loyalty program and also offers credit cards and insurance brokerage, which are collectively referred to as financial services. George Weston is Loblaw's controlling shareholder with a 53% stake.

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