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Swiss Life Holding AG (XSWX:SLHN) Cyclically Adjusted PS Ratio : 1.02 (As of May. 10, 2024)


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What is Swiss Life Holding AG Cyclically Adjusted PS Ratio?

As of today (2024-05-10), Swiss Life Holding AG's current share price is CHF639.60. Swiss Life Holding AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was CHF629.88. Swiss Life Holding AG's Cyclically Adjusted PS Ratio for today is 1.02.

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

XSWX:SLHN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.63   Max: 1.04
Current: 1

During the past 13 years, Swiss Life Holding AG's highest Cyclically Adjusted PS Ratio was 1.04. The lowest was 0.32. And the median was 0.63.

XSWX:SLHN's Cyclically Adjusted PS Ratio is ranked worse than
50.12% of 405 companies
in the Insurance industry
Industry Median: 1 vs XSWX:SLHN: 1.00

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.

Swiss Life Holding AG's adjusted revenue per share data of for the fiscal year that ended in Dec23 was CHF610.574. 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 CHF629.88 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Swiss Life Holding AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Swiss Life Holding 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.

Swiss Life Holding AG Cyclically Adjusted PS Ratio Chart

Swiss Life Holding 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 0.81 0.68 0.89 0.77 0.93

Swiss Life Holding AG 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 0.89 - 0.77 - 0.93

Competitive Comparison of Swiss Life Holding AG's Cyclically Adjusted PS Ratio

For the Insurance - Diversified subindustry, Swiss Life Holding 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.


Swiss Life Holding AG's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Swiss Life Holding AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Swiss Life Holding AG's Cyclically Adjusted PS Ratio falls into.



Swiss Life Holding 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.

Swiss Life Holding AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=639.60/629.88
=1.02

* 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.

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

For example, Swiss Life Holding AG'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)
=610.574/106.4611*106.4611
=610.574

Current CPI (Dec23) = 106.4611.

Swiss Life Holding AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 600.922 100.704 635.277
201512 604.738 99.386 647.786
201612 579.619 99.380 620.922
201712 545.917 100.213 579.954
201812 586.803 100.906 619.108
201912 737.326 101.063 776.707
202012 680.036 100.241 722.235
202112 708.337 101.776 740.948
202212 339.431 104.666 345.252
202312 610.574 106.461 610.574

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.


Swiss Life Holding AG  (XSWX:SLHN) 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.


Swiss Life Holding AG Cyclically Adjusted PS Ratio Related Terms

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


Swiss Life Holding AG (XSWX:SLHN) Business Description

Address
General-Guisan-Quai 40, P.O. Box 2831, Zurich, CHE, CH-8022
Swiss Life is predominantly a life and long-term savings company that generates the main share of its revenue and earnings from its domestic market of Switzerland. The company also operates in France, Germany, and a few smaller, but wealthy European markets. The company also has an asset manager. Swiss Life has three main sources of income that vary in importance by geography. Savings income relates to spread-based earnings, the risk result relates to an insurance margin, and the fee result relates to asset management and its financial advisor network. The fee result has been growing in importance over recent years as a result of advice, unit-linked sales, and third-party asset management.

Swiss Life Holding AG (XSWX:SLHN) Headlines

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