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Deutsche Boerse AG (XSWX:DB1) Cyclically Adjusted PS Ratio : (As of May. 15, 2024)


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What is Deutsche Boerse AG Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deutsche Boerse AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Deutsche Boerse AG'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.

Deutsche Boerse AG Cyclically Adjusted PS Ratio Chart

Deutsche Boerse AG 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 9.68 9.14 8.70 8.18 8.37

Deutsche Boerse AG 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 8.68 7.98 7.51 8.37 8.32

Competitive Comparison of Deutsche Boerse AG's Cyclically Adjusted PS Ratio

For the Financial Data & Stock Exchanges subindustry, Deutsche Boerse AG'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.


Deutsche Boerse AG's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Deutsche Boerse AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Deutsche Boerse AG 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.

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

For example, Deutsche Boerse AG'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)
=9.028/123.6675*123.6675
=9.028

Current CPI (Mar. 2024) = 123.6675.

Deutsche Boerse AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.791 99.543 4.710
201409 3.799 99.823 4.706
201412 4.121 99.543 5.120
201503 3.604 99.717 4.470
201506 3.464 100.417 4.266
201509 3.631 100.417 4.472
201512 3.576 99.717 4.435
201603 3.962 100.017 4.899
201606 3.882 100.717 4.767
201609 3.610 101.017 4.419
201612 3.886 101.217 4.748
201703 3.993 101.417 4.869
201706 4.071 102.117 4.930
201709 4.060 102.717 4.888
201712 4.518 102.617 5.445
201803 4.860 102.917 5.840
201806 4.840 104.017 5.754
201809 4.467 104.718 5.275
201812 5.024 104.217 5.962
201903 4.994 104.217 5.926
201906 4.958 105.718 5.800
201909 4.901 106.018 5.717
201912 5.065 105.818 5.919
202003 5.929 105.718 6.936
202006 5.205 106.618 6.037
202009 4.773 105.818 5.578
202012 5.807 105.518 6.806
202103 6.388 107.518 7.348
202106 6.333 108.486 7.219
202109 6.353 109.435 7.179
202112 6.628 110.384 7.426
202203 6.951 113.968 7.543
202206 6.869 115.760 7.338
202209 6.963 118.818 7.247
202212 7.636 119.345 7.913
202303 7.970 122.402 8.052
202306 7.708 123.140 7.741
202309 7.565 124.195 7.533
202312 8.842 123.668 8.842
202403 9.028 123.668 9.028

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.


Deutsche Boerse AG  (XSWX:DB1) 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.


Deutsche Boerse AG Cyclically Adjusted PS Ratio Related Terms

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Deutsche Boerse AG (XSWX:DB1) Business Description

Address
Mergenthalerallee 61, Eschborn, Frankfurt, HE, DEU, 60485
Deutsche Boerse is a financial exchange company headquartered in Frankfurt, Germany. The company primarily generates revenue through its Eurex and Clearstream segments. Eurex allows for the trading and clearing of derivatives. Clearstream offers custody and settlement services for domestic and international securities, as well as collateral management services. Other segments include Xetra, which generates revenue through trading and clearing cash equities, STOXX (an index business), and several others.

Deutsche Boerse AG (XSWX:DB1) Headlines

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