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Smurfit Kappa Group (FRA:SK3) Cyclically Adjusted PS Ratio : 1.01 (As of Jun. 08, 2024)


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What is Smurfit Kappa Group Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Smurfit Kappa Group's current share price is €44.00. Smurfit Kappa Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was €43.75. Smurfit Kappa Group's Cyclically Adjusted PS Ratio for today is 1.01.

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

FRA:SK3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.85   Max: 1.4
Current: 1.02

During the past 13 years, Smurfit Kappa Group's highest Cyclically Adjusted PS Ratio was 1.40. The lowest was 0.59. And the median was 0.85.

FRA:SK3's Cyclically Adjusted PS Ratio is ranked worse than
62.3% of 313 companies
in the Packaging & Containers industry
Industry Median: 0.74 vs FRA:SK3: 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.

Smurfit Kappa Group's adjusted revenue per share data of for the fiscal year that ended in Dec23 was €43.354. 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 €43.75 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Smurfit Kappa Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Smurfit Kappa Group'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.

Smurfit Kappa Group Cyclically Adjusted PS Ratio Chart

Smurfit Kappa Group 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 0.97 1.08 1.29 0.83 0.82

Smurfit Kappa Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 1.29 - 0.83 - 0.82

Competitive Comparison of Smurfit Kappa Group's Cyclically Adjusted PS Ratio

For the Packaging & Containers subindustry, Smurfit Kappa Group'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.


Smurfit Kappa Group's Cyclically Adjusted PS Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Smurfit Kappa Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Smurfit Kappa Group 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.

Smurfit Kappa Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=44.00/43.75
=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.

Smurfit Kappa Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Smurfit Kappa Group's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=43.354/120.7486*120.7486
=43.354

Current CPI (Dec23) = 120.7486.

Smurfit Kappa Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 34.396 99.576 41.709
201512 34.360 99.676 41.624
201612 34.426 99.676 41.704
201712 36.127 100.075 43.590
201812 37.907 100.773 45.421
201912 38.017 102.068 44.975
202012 35.394 101.072 42.285
202112 38.873 106.653 44.010
202212 49.100 115.436 51.360
202312 43.354 120.749 43.354

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.


Smurfit Kappa Group  (FRA:SK3) 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.


Smurfit Kappa Group Cyclically Adjusted PS Ratio Related Terms

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Smurfit Kappa Group (FRA:SK3) Business Description

Address
Beech Hill, Clonskeagh, Dublin 4, IRL, D04 N2R2
Smurfit Kappa Group PLC manufactures and sells paper-based packaging products. The company owns mills that produce containerboard, which is then shipped to the company's plants, where it is converted into corrugated packaging products. The packaging products include solid board, sack kraft paper, and folding cartons. The firm organizes itself into two segments based on geography: Europe and the Americas. The Europe segment generates the majority of the revenue. The Americas segment owns forestland in Latin America, where Smurfit Kappa harvests timber for its mills.

Smurfit Kappa Group (FRA:SK3) Headlines

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