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Cigna (LIM:CI) Cyclically Adjusted PS Ratio : (As of May. 22, 2024)


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What is Cigna Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cigna Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Cigna'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.

Cigna Cyclically Adjusted PS Ratio Chart

Cigna 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 1.23 1.02 0.89 1.03 0.78

Cigna 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 0.75 0.79 0.77 0.78 0.90

Competitive Comparison of Cigna's Cyclically Adjusted PS Ratio

For the Healthcare Plans subindustry, Cigna'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.


Cigna's Cyclically Adjusted PS Ratio Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Cigna's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Cigna 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.

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

For example, Cigna'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)
=175.543/131.7762*131.7762
=175.543

Current CPI (Mar. 2024) = 131.7762.

Cigna Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 32.354 100.560 42.398
201409 32.935 100.428 43.216
201412 33.789 99.070 44.944
201503 36.238 99.621 47.935
201506 36.494 100.684 47.764
201509 36.040 100.392 47.307
201512 36.573 99.792 48.295
201603 38.096 100.470 49.966
201606 38.382 101.688 49.739
201609 38.036 101.861 49.207
201612 39.568 101.863 51.188
201703 40.320 102.862 51.654
201706 41.029 103.349 52.314
201709 41.391 104.136 52.377
201712 42.772 104.011 54.190
201803 46.300 105.290 57.947
201806 46.848 106.317 58.067
201809 47.230 106.507 58.436
201812 54.955 105.998 68.320
201903 100.046 107.251 122.924
201906 102.767 108.070 125.311
201909 102.995 108.329 125.287
201912 99.033 108.420 120.367
202003 103.758 108.902 125.552
202006 106.977 108.767 129.607
202009 111.602 109.815 133.921
202012 115.988 109.897 139.080
202103 116.431 111.754 137.291
202106 117.557 114.631 135.139
202109 131.394 115.734 149.606
202112 138.834 117.630 155.531
202203 135.968 121.301 147.710
202206 144.112 125.017 151.904
202209 143.218 125.227 150.709
202212 144.821 125.222 152.401
202303 147.168 127.348 152.286
202306 153.985 128.729 157.630
202309 155.334 129.860 157.627
202312 161.790 129.419 164.736
202403 175.543 131.776 175.543

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.


Cigna  (LIM:CI) 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.


Cigna Cyclically Adjusted PS Ratio Related Terms

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Cigna (LIM:CI) Business Description

Industry
Address
900 Cottage Grove Road, Bloomfield, CT, USA, 06002
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 18 million U.S. medical members covered as of the end of June 2023.

Cigna (LIM:CI) Headlines