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Fresenius Medical Care AG. KGaA (LTS:0EH5) Cyclically Adjusted PS Ratio : (As of Jun. 09, 2024)


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What is Fresenius Medical Care AG. KGaA 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


Fresenius Medical Care AG. KGaA Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Fresenius Medical Care AG. KGaA'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.

Fresenius Medical Care AG. KGaA Cyclically Adjusted PS Ratio Chart

Fresenius Medical Care AG. KGaA 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 1.40 1.38 1.05 0.50 0.58

Fresenius Medical Care AG. KGaA 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 0.62 0.68 0.62 0.58 0.53

Competitive Comparison of Fresenius Medical Care AG. KGaA's Cyclically Adjusted PS Ratio

For the Medical Care Facilities subindustry, Fresenius Medical Care AG. KGaA'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.


Fresenius Medical Care AG. KGaA's Cyclically Adjusted PS Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fresenius Medical Care AG. KGaA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Fresenius Medical Care AG. KGaA's Cyclically Adjusted PS Ratio falls into.



Fresenius Medical Care AG. KGaA 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.

Fresenius Medical Care AG. KGaA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Fresenius Medical Care AG. KGaA'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)
=15.137/125.0381*125.0381
=15.137

Current CPI (Mar. 2024) = 125.0381.

Fresenius Medical Care AG. KGaA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 9.314 99.543 11.700
201409 10.687 99.823 13.387
201412 12.976 99.543 16.299
201503 12.001 99.717 15.048
201506 12.307 100.417 15.325
201509 12.047 100.417 15.001
201512 14.235 99.717 17.850
201603 12.546 100.017 15.685
201606 12.895 100.717 16.009
201609 13.492 101.017 16.700
201612 14.148 101.217 17.478
201703 14.570 101.417 17.964
201706 14.323 102.117 17.538
201709 13.890 102.717 16.908
201712 14.188 102.617 17.288
201803 12.736 102.917 15.473
201806 13.499 104.017 16.227
201809 13.000 104.718 15.523
201812 13.774 104.217 16.526
201903 13.239 104.217 15.884
201906 13.920 105.718 16.464
201909 14.157 106.018 16.697
201912 14.672 105.818 17.337
202003 14.377 105.718 17.004
202006 14.600 106.618 17.122
202009 14.140 105.818 16.708
202012 14.096 105.518 16.704
202103 13.487 107.518 15.685
202106 13.840 108.486 15.952
202109 14.228 109.435 16.257
202112 14.887 110.384 16.863
202203 14.571 113.968 15.986
202206 15.238 115.760 16.459
202209 16.326 118.818 17.181
202212 16.008 119.345 16.772
202303 15.070 122.402 15.395
202306 15.457 123.140 15.695
202309 15.814 124.195 15.921
202312 15.979 123.773 16.142
202403 15.137 125.038 15.137

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.


Fresenius Medical Care AG. KGaA  (LTS:0EH5) 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.


Fresenius Medical Care AG. KGaA Cyclically Adjusted PS Ratio Related Terms

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Fresenius Medical Care AG. KGaA (LTS:0EH5) Business Description

Address
Else-Kroener-Strasse 1, Bad Homburg, HE, DEU, 61352
Fresenius Medical Care is the largest dialysis company in the world, treating about 345,000 patients from over 4,100 clinics across the globe as of December 2022. In addition to providing dialysis services, the firm is a leading supplier of dialysis products, including machines, dialyzers, and concentrates. Fresenius accounts for about 35% of the global dialysis products market and benefits from being the world's only fully integrated dialysis business. Services account for roughly 80% of firmwide revenue, including care coordination and ancillary operations, while products account for the other roughly 20%. Products typically enjoy a higher margin, making them a strong contributor to the bottom line.

Fresenius Medical Care AG. KGaA (LTS:0EH5) Headlines

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