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Toll Brothers (LTS:0LFS) Cyclically Adjusted PS Ratio : 2.03 (As of May. 25, 2024)


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What is Toll Brothers Cyclically Adjusted PS Ratio?

As of today (2024-05-25), Toll Brothers's current share price is $122.57. Toll Brothers's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was $60.39. Toll Brothers's Cyclically Adjusted PS Ratio for today is 2.03.

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

LTS:0LFS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.57   Max: 2.68
Current: 2

During the past years, Toll Brothers's highest Cyclically Adjusted PS Ratio was 2.68. The lowest was 0.59. And the median was 1.57.

LTS:0LFS's Cyclically Adjusted PS Ratio is ranked worse than
83.33% of 78 companies
in the Homebuilding & Construction industry
Industry Median: 0.85 vs LTS:0LFS: 2.00

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.

Toll Brothers's adjusted revenue per share data for the three months ended in Jan. 2024 was $18.330. 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 $60.39 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toll Brothers Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Toll Brothers'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.

Toll Brothers Cyclically Adjusted PS Ratio Chart

Toll Brothers Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 1.37 1.55 0.87 1.22

Toll Brothers Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 1.19 1.44 1.22 1.66 -

Competitive Comparison of Toll Brothers's Cyclically Adjusted PS Ratio

For the Residential Construction subindustry, Toll Brothers'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.


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

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

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



Toll Brothers 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.

Toll Brothers's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=122.57/60.39
=2.03

* 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.

Toll Brothers's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Toll Brothers's adjusted Revenue per Share data for the three months ended in Jan. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=18.33/130.1244*130.1244
=18.330

Current CPI (Jan. 2024) = 130.1244.

Toll Brothers Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 4.615 100.023 6.004
201407 5.667 100.520 7.336
201410 7.275 100.176 9.450
201501 4.636 98.604 6.118
201504 4.613 99.824 6.013
201507 5.553 100.691 7.176
201510 7.780 100.346 10.089
201601 5.091 99.957 6.627
201604 6.324 100.947 8.152
201607 7.324 101.524 9.387
201610 10.807 101.988 13.788
201701 5.403 102.456 6.862
201704 7.955 103.167 10.034
201707 8.760 103.278 11.037
201710 12.323 104.070 15.408
201801 7.398 104.578 9.205
201804 10.309 105.708 12.690
201807 12.491 106.324 15.287
201810 16.411 106.695 20.015
201901 9.209 106.200 11.284
201904 11.585 107.818 13.982
201907 12.071 108.250 14.510
201910 16.571 108.577 19.860
202001 9.518 108.841 11.379
202004 12.026 108.173 14.466
202007 12.963 109.318 15.430
202010 19.750 109.861 23.393
202101 12.256 110.364 14.450
202104 15.319 112.673 17.692
202107 17.956 115.183 20.285
202110 24.516 116.696 27.337
202201 14.578 118.619 15.992
202204 19.151 121.978 20.430
202207 21.447 125.002 22.326
202210 32.622 125.734 33.761
202301 15.847 126.223 16.337
202304 22.347 127.992 22.719
202307 24.186 128.974 24.402
202310 27.864 129.810 27.932
202401 18.330 130.124 18.330

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.


Toll Brothers  (LTS:0LFS) 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.


Toll Brothers Cyclically Adjusted PS Ratio Related Terms

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


Toll Brothers (LTS:0LFS) Business Description

Traded in Other Exchanges
Address
1140 Virginia Drive, Fort Washington, PA, USA, 19034
Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in over 60 markets across 24 states and caters to move-up, active-adult, and second-home buyers. Traditional homebuilding operations represent most of company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the U.S. It has its headquarters in Horsham, Pennsylvania.

Toll Brothers (LTS:0LFS) Headlines

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