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Heineken Holding NV (XAMS:HEIO) Cyclically Adjusted PS Ratio : 0.85 (As of May. 21, 2024)


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What is Heineken Holding NV Cyclically Adjusted PS Ratio?

As of today (2024-05-21), Heineken Holding NV's current share price is €78.90. Heineken Holding NV's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was €92.54. Heineken Holding NV's Cyclically Adjusted PS Ratio for today is 0.85.

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

XAMS:HEIO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.03   Max: 1.35
Current: 0.85

During the past 13 years, Heineken Holding NV's highest Cyclically Adjusted PS Ratio was 1.35. The lowest was 0.72. And the median was 1.03.

XAMS:HEIO's Cyclically Adjusted PS Ratio is ranked better than
70.83% of 168 companies
in the Beverages - Alcoholic industry
Industry Median: 1.82 vs XAMS:HEIO: 0.85

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.

Heineken Holding NV's adjusted revenue per share data of for the fiscal year that ended in Dec23 was €106.922. 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 €92.54 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heineken Holding NV Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Heineken Holding NV'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.

Heineken Holding NV Cyclically Adjusted PS Ratio Chart

Heineken Holding NV 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 1.16 1.02 1.02 0.81 0.83

Heineken Holding NV Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 1.02 - 0.81 - 0.83

Competitive Comparison of Heineken Holding NV's Cyclically Adjusted PS Ratio

For the Beverages - Brewers subindustry, Heineken Holding NV'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.


Heineken Holding NV's Cyclically Adjusted PS Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken Holding NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Heineken Holding NV 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.

Heineken Holding NV's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=78.90/92.54
=0.85

* 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.

Heineken Holding NV's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Heineken Holding NV's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=106.922/126.4500*126.4500
=106.922

Current CPI (Dec23) = 126.4500.

Heineken Holding NV Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 66.858 99.050 85.353
201512 71.211 99.730 90.290
201612 72.187 100.710 90.637
201712 75.023 101.970 93.034
201812 78.079 103.970 94.961
201912 83.217 106.800 98.528
202012 68.448 107.850 80.253
202112 76.176 114.010 84.488
202212 99.708 124.940 100.913
202312 106.922 126.450 106.922

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.


Heineken Holding NV  (XAMS:HEIO) 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.


Heineken Holding NV Cyclically Adjusted PS Ratio Related Terms

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


Heineken Holding NV (XAMS:HEIO) Business Description

Address
Tweede Weteringplantsoen 5, Amsterdam, NH, NLD, 1017 ZD
Heineken Holding NV holds more than 50% of Heineken NV's issued shares. It does not engage in operational activities and generates income almost exclusively by receiving Heineken dividends. Heineken Holding NV has five segments: Europe, Americas, Africa, Middle East & Eastern Europe, and Asia-Pacific. Heineken NV brews and sells more than 200 brands of beer in nearly 200 countries. Notable brands include Heineken, Amstel, Dos Equis, Tecate, Goldberg, Red Stripe, Legunitas, and Tiger. Close to half of Heineken NV's revenue comes from Europe, and nearly one third of its revenue comes from the Americas. The remaining revenue is split among the Asia-Pacific, Africa, and Middle East and Eastern Europe regions.

Heineken Holding NV (XAMS:HEIO) Headlines

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