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Itron (STU:IT6) Cyclically Adjusted PS Ratio : 1.79 (As of May. 26, 2024)


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What is Itron Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Itron's current share price is €101.00. Itron's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €56.45. Itron's Cyclically Adjusted PS Ratio for today is 1.79.

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

STU:IT6' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.01   Max: 2
Current: 1.77

During the past years, Itron's highest Cyclically Adjusted PS Ratio was 2.00. The lowest was 0.55. And the median was 1.01.

STU:IT6's Cyclically Adjusted PS Ratio is ranked worse than
65.35% of 1922 companies
in the Hardware industry
Industry Median: 1.07 vs STU:IT6: 1.77

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.

Itron's adjusted revenue per share data for the three months ended in Mar. 2024 was €11.976. 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 €56.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Itron Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Itron'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.

Itron Cyclically Adjusted PS Ratio Chart

Itron 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 1.43 1.64 1.15 0.83 1.24

Itron 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 0.90 1.17 0.98 1.24 1.50

Competitive Comparison of Itron's Cyclically Adjusted PS Ratio

For the Scientific & Technical Instruments subindustry, Itron'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.


Itron's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Itron's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Itron 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=101.00/56.45
=1.79

* 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.

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

For example, Itron'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)
=11.976/131.7762*131.7762
=11.976

Current CPI (Mar. 2024) = 131.7762.

Itron Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 9.108 100.560 11.935
201409 9.755 100.428 12.800
201412 10.145 99.070 13.494
201503 10.651 99.621 14.089
201506 10.915 100.684 14.286
201509 10.906 100.392 14.315
201512 11.914 99.792 15.732
201603 11.644 100.470 15.272
201606 11.855 101.688 15.363
201609 11.807 101.861 15.275
201612 12.041 101.863 15.577
201703 11.387 102.862 14.588
201706 11.384 103.349 14.515
201709 10.347 104.136 13.093
201712 11.773 104.011 14.916
201803 12.645 105.290 15.826
201806 12.605 106.317 15.623
201809 12.798 106.507 15.834
201812 13.082 105.998 16.263
201903 13.715 107.251 16.851
201906 14.161 108.070 17.267
201909 14.210 108.329 17.286
201912 14.045 108.420 17.071
202003 13.381 108.902 16.192
202006 11.252 108.767 13.632
202009 11.370 109.815 13.644
202012 10.681 109.897 12.807
202103 10.400 111.754 12.263
202106 8.999 114.631 10.345
202109 9.149 115.734 10.417
202112 9.497 117.630 10.639
202203 9.540 121.301 10.364
202206 9.066 125.017 9.556
202209 9.377 125.227 9.867
202212 9.768 125.222 10.279
202303 10.202 127.348 10.557
202306 10.909 128.729 11.167
202309 11.435 129.860 11.604
202312 11.496 129.419 11.705
202403 11.976 131.776 11.976

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.


Itron  (STU:IT6) 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.


Itron Cyclically Adjusted PS Ratio Related Terms

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


Itron (STU:IT6) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Itron Inc (STU:IT6) » Definitions » Cyclically Adjusted PS Ratio
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Address
2111 North Molter Road, Liberty Lake, WA, USA, 99019
Itron Inc provides solutions that measure, manage and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems.The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability.

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