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Trinet Group (STU:TN3) Cyclically Adjusted PS Ratio : 1.57 (As of May. 22, 2024)


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What is Trinet Group Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Trinet Group's current share price is €95.00. Trinet Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €60.60. Trinet Group's Cyclically Adjusted PS Ratio for today is 1.57.

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

STU:TN3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.11   Med: 1.58   Max: 2.08
Current: 1.57

During the past years, Trinet Group's highest Cyclically Adjusted PS Ratio was 2.08. The lowest was 1.11. And the median was 1.58.

STU:TN3's Cyclically Adjusted PS Ratio is ranked worse than
66.76% of 692 companies
in the Business Services industry
Industry Median: 0.88 vs STU:TN3: 1.57

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.

Trinet Group's adjusted revenue per share data for the three months ended in Mar. 2024 was €22.802. 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 €60.60 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trinet Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Trinet Group'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.

Trinet Group Cyclically Adjusted PS Ratio Chart

Trinet Group 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 - - - 1.20 1.87

Trinet Group 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 1.37 1.57 1.87 1.87 2.00

Competitive Comparison of Trinet Group's Cyclically Adjusted PS Ratio

For the Staffing & Employment Services subindustry, Trinet Group'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.


Trinet Group's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Trinet Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Trinet Group 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.

Trinet Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=95.00/60.6
=1.57

* 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.

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

For example, Trinet Group'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)
=22.802/131.7762*131.7762
=22.802

Current CPI (Mar. 2024) = 131.7762.

Trinet Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.318 100.560 6.969
201409 5.914 100.428 7.760
201412 6.683 99.070 8.889
201503 7.880 99.621 10.423
201506 8.111 100.684 10.616
201509 8.257 100.392 10.838
201512 9.223 99.792 12.179
201603 9.174 100.470 12.033
201606 9.179 101.688 11.895
201609 9.539 101.861 12.340
201612 10.748 101.863 13.904
201703 10.653 102.862 13.647
201706 10.017 103.349 12.772
201709 9.599 104.136 12.147
201712 10.152 104.011 12.862
201803 9.661 105.290 12.091
201806 10.027 106.317 12.428
201809 10.329 106.507 12.780
201812 11.379 105.998 14.146
201903 11.642 107.251 14.304
201906 11.655 108.070 14.212
201909 12.392 108.329 15.074
201912 12.904 108.420 15.684
202003 13.746 108.902 16.633
202006 12.380 108.767 14.999
202009 12.173 109.815 14.607
202012 13.443 109.897 16.119
202103 13.290 111.754 15.671
202106 13.627 114.631 15.665
202109 14.564 115.734 16.583
202112 16.273 117.630 18.230
202203 16.757 121.301 18.204
202206 18.019 125.017 18.993
202209 19.895 125.227 20.936
202212 18.084 125.222 19.031
202303 19.396 127.348 20.070
202306 18.598 128.729 19.038
202309 19.742 129.860 20.033
202312 22.386 129.419 22.794
202403 22.802 131.776 22.802

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.


Trinet Group  (STU:TN3) 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.


Trinet Group Cyclically Adjusted PS Ratio Related Terms

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


Trinet Group (STU:TN3) Business Description

Traded in Other Exchanges
Address
One Park Place, Suite 600, Dublin, CA, USA, 94568
TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

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