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Bellway (LSE:BWY) Cyclically Adjusted PS Ratio : 1.11 (As of May. 17, 2024)


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What is Bellway Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Bellway's current share price is £28.02. Bellway's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jul23 was £25.23. Bellway's Cyclically Adjusted PS Ratio for today is 1.11.

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

LSE:BWY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.85   Max: 3.1
Current: 1.07

During the past 13 years, Bellway's highest Cyclically Adjusted PS Ratio was 3.10. The lowest was 0.77. And the median was 1.85.

LSE:BWY's Cyclically Adjusted PS Ratio is ranked worse than
56% of 75 companies
in the Homebuilding & Construction industry
Industry Median: 0.8 vs LSE:BWY: 1.07

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.

Bellway's adjusted revenue per share data of for the fiscal year that ended in Jul23 was £27.552. 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 £25.23 for the trailing ten years ended in Jul23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bellway Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Bellway'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.

Bellway Cyclically Adjusted PS Ratio Chart

Bellway Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.91 1.52 1.75 1.10 0.88

Bellway Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 - 1.10 - 0.88 -

Competitive Comparison of Bellway's Cyclically Adjusted PS Ratio

For the Residential Construction subindustry, Bellway'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.


Bellway's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Bellway's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Bellway 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=28.02/25.23
=1.11

* 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.

Bellway's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jul23 is calculated as:

For example, Bellway's adjusted Revenue per Share data for the fiscal year that ended in Jul23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jul23 (Change)*Current CPI (Jul23)
=27.552/129.0000*129.0000
=27.552

Current CPI (Jul23) = 129.0000.

Bellway Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201407 12.126 99.600 15.705
201507 14.388 100.000 18.561
201607 18.239 100.900 23.318
201707 20.793 103.500 25.916
201807 23.986 105.900 29.218
201907 26.036 108.000 31.099
202007 18.006 109.200 21.271
202107 25.239 111.400 29.226
202207 28.605 121.200 30.446
202307 27.552 129.000 27.552

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.


Bellway  (LSE:BWY) 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.


Bellway Cyclically Adjusted PS Ratio Related Terms

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


Bellway (LSE:BWY) Business Description

Traded in Other Exchanges
Address
Woolsington House, Woolsington, Newcastle upon Tyne, GBR, NE13 8BF
Bellway is the U.K.'s fourth-largest residential property developer in terms of both revenue and dwelling completions. Bellway's vertical integration through the land development, construction, and sales and marketing segments of the residential property development value chain aligns with the typical business model employed by homebuilders in the U.K. market.

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