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Steel Partners Holdings LP (Steel Partners Holdings LP) Cyclically Adjusted PS Ratio : 0.65 (As of May. 17, 2024)


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What is Steel Partners Holdings LP Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Steel Partners Holdings LP's current share price is $39.395. Steel Partners Holdings LP's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $60.98. Steel Partners Holdings LP's Cyclically Adjusted PS Ratio for today is 0.65.

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

SPLP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.77   Max: 0.94
Current: 0.64

During the past years, Steel Partners Holdings LP's highest Cyclically Adjusted PS Ratio was 0.94. The lowest was 0.13. And the median was 0.77.

SPLP's Cyclically Adjusted PS Ratio is ranked better than
57.21% of 444 companies
in the Conglomerates industry
Industry Median: 0.765 vs SPLP: 0.64

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.

Steel Partners Holdings LP's adjusted revenue per share data for the three months ended in Mar. 2024 was $19.199. 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 $60.98 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Steel Partners Holdings LP Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Steel Partners Holdings LP'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.

Steel Partners Holdings LP Cyclically Adjusted PS Ratio Chart

Steel Partners Holdings LP 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 - 0.27 0.92 0.81 0.68

Steel Partners Holdings LP 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 0.81 0.85 0.74 0.68 0.65

Competitive Comparison of Steel Partners Holdings LP's Cyclically Adjusted PS Ratio

For the Conglomerates subindustry, Steel Partners Holdings LP'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.


Steel Partners Holdings LP's Cyclically Adjusted PS Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Steel Partners Holdings LP's Cyclically Adjusted PS Ratio falls into.



Steel Partners Holdings LP 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.

Steel Partners Holdings LP's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.395/60.98
=0.65

* 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.

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

For example, Steel Partners Holdings LP'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)
=19.199/131.7762*131.7762
=19.199

Current CPI (Mar. 2024) = 131.7762.

Steel Partners Holdings LP Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.924 100.560 10.384
201409 8.433 100.428 11.065
201412 7.147 99.070 9.506
201503 7.644 99.621 10.111
201506 9.076 100.684 11.879
201509 10.151 100.392 13.324
201512 8.315 99.792 10.980
201603 9.262 100.470 12.148
201606 10.627 101.688 13.771
201609 12.112 101.861 15.669
201612 11.955 101.863 15.466
201703 12.366 102.862 15.842
201706 12.041 103.349 15.353
201709 13.513 104.136 17.100
201712 12.889 104.011 16.330
201803 13.945 105.290 17.453
201806 11.533 106.317 14.295
201809 15.577 106.507 19.273
201812 14.843 105.998 18.453
201903 9.082 107.251 11.159
201906 9.855 108.070 12.017
201909 14.837 108.329 18.048
201912 13.685 108.420 16.633
202003 13.877 108.902 16.792
202006 11.795 108.767 14.290
202009 6.344 109.815 7.613
202012 13.709 109.897 16.438
202103 9.004 111.754 10.617
202106 13.072 114.631 15.027
202109 14.170 115.734 16.134
202112 18.350 117.630 20.557
202203 17.919 121.301 19.466
202206 16.311 125.017 17.193
202209 15.623 125.227 16.440
202212 16.031 125.222 16.870
202303 17.437 127.348 18.043
202306 19.673 128.729 20.139
202309 19.627 129.860 19.917
202312 18.421 129.419 18.756
202403 19.199 131.776 19.199

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.


Steel Partners Holdings LP  (NYSE:SPLP) 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.


Steel Partners Holdings LP Cyclically Adjusted PS Ratio Related Terms

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


Steel Partners Holdings LP (Steel Partners Holdings LP) Business Description

Traded in Other Exchanges
Address
590 Madison Avenue, 32nd Floor, New York, NY, USA, 10022
Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. It operates in various segments including the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and metallized films and packaging businesses; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in a full range of banking activities.
Executives
Jack L Howard director, 10 percent owner, officer: President 182 FARMERS LANE, STE 101, SANTA ROSA CA 95405
Gordon A. Walker officer: Senior Vice President KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Warren G Lichtenstein director, 10 percent owner, officer: Executive Chairman C/O STEEL PARTNERS II L P, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Eric P. Karros director C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Rory H. Tahari director 510 FIFTH AVENUE, NEW YORK NY 10036
Richard I Neal director C/O UNITED INDUSTRIAL CORPORATION, 124 INDUSTRY LANE, HUNT VALLEY MD 21030
John P Mcniff director 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Lon Rosen director 120 S. CARMELINA AVE., LOS ANGELES CA 90049
James Iii Benenson director C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Douglas Woodworth officer: Chief Financial Officer STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Spv-i Llc other: See Footnote 1 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Wgl Capital Corp. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Emh Howard Llc other: See Footnote 1 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners, Ltd. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Fejes William Theodore Jr officer: Chief Operating Officer 440 NORTH FIFTH AVENUE, CHAMBERSBURG PA 17201