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Williams (WBO:WMB) Cyclically Adjusted PS Ratio : 3.83 (As of Jun. 02, 2024)


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What is Williams Cyclically Adjusted PS Ratio?

As of today (2024-06-02), Williams's current share price is €37.785. Williams's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €9.86. Williams's Cyclically Adjusted PS Ratio for today is 3.83.

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

WBO:WMB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.96   Med: 2.39   Max: 4.01
Current: 3.89

During the past years, Williams's highest Cyclically Adjusted PS Ratio was 4.01. The lowest was 0.96. And the median was 2.39.

WBO:WMB's Cyclically Adjusted PS Ratio is ranked worse than
87.68% of 755 companies
in the Oil & Gas industry
Industry Median: 0.89 vs WBO:WMB: 3.89

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.

Williams's adjusted revenue per share data for the three months ended in Mar. 2024 was €2.086. 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 €9.86 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Williams Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Williams'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.

Williams Cyclically Adjusted PS Ratio Chart

Williams 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 2.12 1.89 2.45 3.09 3.29

Williams 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 2.78 3.04 3.14 3.29 3.65

Competitive Comparison of Williams's Cyclically Adjusted PS Ratio

For the Oil & Gas Midstream subindustry, Williams'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.


Williams's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Williams's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Williams 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=37.785/9.86
=3.83

* 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.

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

For example, Williams'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)
=2.086/131.7762*131.7762
=2.086

Current CPI (Mar. 2024) = 131.7762.

Williams Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.763 100.560 2.310
201409 2.135 100.428 2.801
201412 2.308 99.070 3.070
201503 2.108 99.621 2.788
201506 2.177 100.684 2.849
201509 2.138 100.392 2.806
201512 2.456 99.792 3.243
201603 1.987 100.470 2.606
201606 2.058 101.688 2.667
201609 2.258 101.861 2.921
201612 2.775 101.863 3.590
201703 2.249 102.862 2.881
201706 2.067 103.349 2.636
201709 1.913 104.136 2.421
201712 2.269 104.011 2.875
201803 2.040 105.290 2.553
201806 2.156 106.317 2.672
201809 1.923 106.507 2.379
201812 1.597 105.998 1.985
201903 1.498 107.251 1.841
201906 1.488 108.070 1.814
201909 1.495 108.329 1.819
201912 1.562 108.420 1.898
202003 1.427 108.902 1.727
202006 1.302 108.767 1.577
202009 1.350 109.815 1.620
202012 1.414 109.897 1.696
202103 1.803 111.754 2.126
202106 1.556 114.631 1.789
202109 1.727 115.734 1.966
202112 2.362 117.630 2.646
202203 1.877 121.301 2.039
202206 1.927 125.017 2.031
202209 2.496 125.227 2.627
202212 2.259 125.222 2.377
202303 2.348 127.348 2.430
202306 1.879 128.729 1.923
202309 1.965 129.860 1.994
202312 2.088 129.419 2.126
202403 2.086 131.776 2.086

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.


Williams  (WBO:WMB) 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.


Williams Cyclically Adjusted PS Ratio Related Terms

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


Williams (WBO:WMB) Business Description

Industry
Traded in Other Exchanges
Address
One Williams Center, PO Box 2400, Tulsa, OK, USA, 74172
Williams Companies is a midstream energy company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering, processing, and storage assets. In August 2018, the firm acquired the remaining 26% ownership of its limited partner, Williams Partners.