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Leggett & Platt (FRA:LP1) Cyclically Adjusted PS Ratio : 0.29 (As of Jun. 01, 2024)


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What is Leggett & Platt Cyclically Adjusted PS Ratio?

As of today (2024-06-01), Leggett & Platt's current share price is €10.08. Leggett & Platt's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €35.02. Leggett & Platt's Cyclically Adjusted PS Ratio for today is 0.29.

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

FRA:LP1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.28   Med: 1.44   Max: 2.1
Current: 0.31

During the past years, Leggett & Platt's highest Cyclically Adjusted PS Ratio was 2.10. The lowest was 0.28. And the median was 1.44.

FRA:LP1's Cyclically Adjusted PS Ratio is ranked better than
77.22% of 316 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.84 vs FRA:LP1: 0.31

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.

Leggett & Platt's adjusted revenue per share data for the three months ended in Mar. 2024 was €7.350. 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 €35.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Leggett & Platt Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Leggett & Platt'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.

Leggett & Platt Cyclically Adjusted PS Ratio Chart

Leggett & Platt 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 1.74 1.47 1.25 0.90 0.70

Leggett & Platt 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 0.87 0.80 0.68 0.70 0.50

Competitive Comparison of Leggett & Platt's Cyclically Adjusted PS Ratio

For the Furnishings, Fixtures & Appliances subindustry, Leggett & Platt'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.


Leggett & Platt's Cyclically Adjusted PS Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Leggett & Platt's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Leggett & Platt 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.

Leggett & Platt's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.08/35.02
=0.29

* 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.

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

For example, Leggett & Platt'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)
=7.35/131.7762*131.7762
=7.350

Current CPI (Mar. 2024) = 131.7762.

Leggett & Platt Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.917 100.560 6.443
201409 5.431 100.428 7.126
201412 5.399 99.070 7.181
201503 6.208 99.621 8.212
201506 6.197 100.684 8.111
201509 6.310 100.392 8.283
201512 6.107 99.792 8.064
201603 5.968 100.470 7.828
201606 6.092 101.688 7.895
201609 6.065 101.861 7.846
201612 6.146 101.863 7.951
201703 6.502 102.862 8.330
201706 6.408 103.349 8.171
201709 6.188 104.136 7.830
201712 6.086 104.011 7.711
201803 6.121 105.290 7.661
201806 6.991 106.317 8.665
201809 6.944 106.507 8.592
201812 6.835 105.998 8.497
201903 7.572 107.251 9.304
201906 7.941 108.070 9.683
201909 8.311 108.329 10.110
201912 7.577 108.420 9.209
202003 6.978 108.902 8.444
202006 5.530 108.767 6.700
202009 7.533 109.815 9.039
202012 7.134 109.897 8.554
202103 7.093 111.754 8.364
202106 7.703 114.631 8.855
202109 8.191 115.734 9.326
202112 8.629 117.630 9.667
202203 8.770 121.301 9.527
202206 9.233 125.017 9.732
202209 9.606 125.227 10.108
202212 8.288 125.222 8.722
202303 8.316 127.348 8.605
202306 8.252 128.729 8.447
202309 8.051 129.860 8.170
202312 7.486 129.419 7.622
202403 7.350 131.776 7.350

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.


Leggett & Platt  (FRA:LP1) 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.


Leggett & Platt Cyclically Adjusted PS Ratio Related Terms

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


Leggett & Platt (FRA:LP1) Business Description

Traded in Other Exchanges
Address
No. 1 Leggett Road, Carthage, MO, USA, 64836
Leggett & Platt Inc designs and produces engineered components and products found in most homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring and Textile Products. Serving a broad suite of customers around the world, Leggett & Platt's products include bedding components, automotive seat support and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture and work furniture, flooring underlayment, adjustable beds, and various other products.

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