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As of today (2024-06-05), iRhythm Technologies's current share price is $85.18. iRhythm Technologies's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was $9.73. iRhythm Technologies's Cyclically Adjusted PS Ratio for today is 8.75.
The historical rank and industry rank for iRhythm Technologies's Cyclically Adjusted PS Ratio or its related term are showing as below:
During the past 10 years, iRhythm Technologies's highest Cyclically Adjusted PS Ratio was 12.47. The lowest was 8.64. And the median was 11.48.
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.
iRhythm Technologies's adjusted revenue per share data of for the fiscal year that ended in Dec23 was $16.139. 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 $9.73 for the trailing ten years ended in Dec23.
The historical data trend for iRhythm Technologies'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.
iRhythm Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cyclically Adjusted PS Ratio | Get a 7-Day Free Trial | - | - | - | - | 11.00 |
iRhythm Technologies 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 | - | - | - | 11.00 | - |
For the Medical Devices subindustry, iRhythm Technologies'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.
For the Medical Devices & Instruments industry and Healthcare sector, iRhythm Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where iRhythm Technologies's Cyclically Adjusted PS Ratio falls into.
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.
iRhythm Technologies's Cyclically Adjusted PS Ratio for today is calculated as
Cyclically Adjusted PS Ratio | = | Share Price | / | Cyclically Adjusted Revenue per Share |
= | 85.18 | / | 9.73 | |
= | 8.75 |
* 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.
iRhythm Technologies's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:
For example, iRhythm Technologies'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) |
= | 16.139 | / | 129.4194 | * | 129.4194 | |
= | 16.139 |
Current CPI (Dec23) = 129.4194.
iRhythm Technologies Annual Data
Revenue per Share | CPI | Adj_RevenuePerShare | |
201412 | 1.473 | 99.070 | 1.924 |
201512 | 2.447 | 99.792 | 3.173 |
201612 | 12.121 | 101.863 | 15.400 |
201712 | 4.381 | 104.011 | 5.451 |
201812 | 6.166 | 105.998 | 7.528 |
201912 | 8.492 | 108.420 | 10.137 |
202012 | 9.554 | 109.897 | 11.251 |
202112 | 11.006 | 117.630 | 12.109 |
202212 | 13.736 | 125.222 | 14.196 |
202312 | 16.139 | 129.419 | 16.139 |
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.
iRhythm Technologies (NAS:IRTC) 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.
Thank you for viewing the detailed overview of iRhythm Technologies's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel G. Wilson | officer: EVP, Strategy Corp Dev Inv Rel | 699 8TH STREET, SUITE 600, SAN FRANCISCO CA 94103 |
Patrick Michael Murphy | officer: CLO & EVP RA/QA MrktAcs & Gov | 6340 SEQUENCE DRIVE, SAN DIEGO CA 92121 |
Mervin Smith | officer: EVP Strategic Business Ops | C/O IRHYTHM TECHNOLOGIES, INC., 699 8TH ST #600, SAN FRANCISCO CA 94103 |
Marc W. Rosenbaum | officer: Chief Accounting Officer | 7475 LUSK BLVD., SAN DIEGO CA 92121 |
Brice Bobzien | officer: Chief Financial Officer | C/O IRHYTHM TECHNOLOGIES, INC., 699 8TH ST #600, SAN FRANCISCO CA 94103 |
Chad Patterson | officer: Chief Commercial Officer | 6340 SEQUENCE DRIVE, SAN DIEGO CA 92121 |
Minang Turakhia | officer: EVP, CMO & CSO | C/O IRHYTHM TECHNOLOGIES, INC., 699 8TH ST #600, SAN FRANCISCO CA 94103 |
Quentin S. Blackford | director, officer: President and CEO | 7475 LUSK BLVD., SAN DIEGO CA 92121 |
Mojdeh Poul | director | 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000 |
Brian B Yoor | director | 100 ABBOTT PARK ROAD, AP6A-2, D-032L, ABBOTT PARK IL 60064 |
Mark J. Day | officer: EVP, Research & Development | C/O IRHYTHM TECHNOLOGIES, INC., 650 TOWNSEND STREET, SUITE 500, SAN FRANCISCO CA 94103 |
Douglas Devine | officer: Chief Financial Officer | C/O IRHYTHM TECHNOLOGIES, INC., 699 8TH STREET, SUITE 600, SAN FRANCISCO CA 94103 |
Bairey Merz Cathleen Noel | director | 16664 CUMBRE VERDE COURT, PACIFIC PALISADES CA 90272 |
Reyna M Fernandez | officer: EVP, Chief HR Officer | C/O INTERSECT ENT, INC., 1555 ADAMS DRIVE, MENLO PARK CA 94025 |
Sumi Shrishrimal | officer: EVP, Chief Risk Officer | 6340 SEQUENCE DRIVE, SAN DIEGO CA 92121 |
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