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ManpowerGroup (FRA:MPW) Cyclically Adjusted PS Ratio : 0.19 (As of Jun. 10, 2024)


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What is ManpowerGroup Cyclically Adjusted PS Ratio?

As of today (2024-06-10), ManpowerGroup's current share price is €66.00. ManpowerGroup's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €350.26. ManpowerGroup's Cyclically Adjusted PS Ratio for today is 0.19.

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

FRA:MPW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.3   Max: 0.49
Current: 0.19

During the past years, ManpowerGroup's highest Cyclically Adjusted PS Ratio was 0.49. The lowest was 0.18. And the median was 0.30.

FRA:MPW's Cyclically Adjusted PS Ratio is ranked better than
87.77% of 695 companies
in the Business Services industry
Industry Median: 0.89 vs FRA:MPW: 0.19

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.

ManpowerGroup's adjusted revenue per share data for the three months ended in Mar. 2024 was €82.843. 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 €350.26 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ManpowerGroup Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ManpowerGroup'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.

ManpowerGroup Cyclically Adjusted PS Ratio Chart

ManpowerGroup 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 0.32 0.29 0.29 0.23 0.21

ManpowerGroup 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 0.22 0.21 0.19 0.21 0.20

Competitive Comparison of ManpowerGroup's Cyclically Adjusted PS Ratio

For the Staffing & Employment Services subindustry, ManpowerGroup'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.


ManpowerGroup's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ManpowerGroup's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



ManpowerGroup 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=66.00/350.26
=0.19

* 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.

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

For example, ManpowerGroup'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)
=82.843/131.7762*131.7762
=82.843

Current CPI (Mar. 2024) = 131.7762.

ManpowerGroup Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 48.118 100.560 63.055
201409 51.823 100.428 67.999
201412 52.639 99.070 70.017
201503 52.726 99.621 69.745
201506 54.621 100.684 71.489
201509 57.539 100.392 75.527
201512 60.879 99.792 80.391
201603 56.051 100.470 73.516
201606 61.821 101.688 80.113
201609 65.704 101.861 85.000
201612 68.690 101.863 88.862
201703 65.029 102.862 83.308
201706 67.729 103.349 86.358
201709 67.825 104.136 85.828
201712 70.783 104.011 89.678
201803 66.946 105.290 83.787
201806 73.257 106.317 90.800
201809 71.443 106.507 88.393
201812 76.339 105.998 94.904
201903 73.192 107.251 89.929
201906 78.728 108.070 95.998
201909 79.038 108.329 96.145
201912 78.736 108.420 95.697
202003 70.852 108.902 85.734
202006 57.097 108.767 69.175
202009 66.538 109.815 79.845
202012 71.640 109.897 85.903
202103 74.264 111.754 87.569
202106 79.061 114.631 90.886
202109 79.158 115.734 90.130
202112 85.981 117.630 96.321
202203 85.848 121.301 93.262
202206 89.889 125.017 94.749
202209 92.713 125.227 97.562
202212 88.497 125.222 93.129
202303 86.020 127.348 89.011
202306 88.406 128.729 90.499
202309 87.446 129.860 88.737
202312 85.781 129.419 87.343
202403 82.843 131.776 82.843

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.


ManpowerGroup  (FRA:MPW) 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.


ManpowerGroup Cyclically Adjusted PS Ratio Related Terms

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


ManpowerGroup (FRA:MPW) Business Description

Traded in Other Exchanges
Address
100 Manpower Place, Milwaukee, WI, USA, 53212
Manpower is one of the three largest multinational firms in the fragmented and over $600 billion global staffing industry. The firm generates most of its sales outside the U.S. and boasts a vast global footprint. Its client base consists of mainly large and multinational companies, but the firm also services small and midsize businesses through its local branch network. It offers each main staffing service (temporary, permanent, and project based) across a variety of professions under its four subsidiary brands: Experis specializes in IT placements; Talent Solutions provides recruitment process outsourcing, or RPO, and outplacement services; Jefferson Wells serves finance, tax, and compliance needs; Manpower focuses on manufacturing, administrative, and assembly positions.

ManpowerGroup (FRA:MPW) Headlines

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