GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Harley-Davidson Inc (XTER:HAR) » Definitions » Cyclically Adjusted PS Ratio

Harley-Davidson (XTER:HAR) Cyclically Adjusted PS Ratio : 0.88 (As of Jun. 01, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Harley-Davidson Cyclically Adjusted PS Ratio?

As of today (2024-06-01), Harley-Davidson's current share price is €32.83. Harley-Davidson's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €37.17. Harley-Davidson's Cyclically Adjusted PS Ratio for today is 0.88.

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

XTER:HAR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.48   Med: 1.42   Max: 2.93
Current: 0.9

During the past years, Harley-Davidson's highest Cyclically Adjusted PS Ratio was 2.93. The lowest was 0.48. And the median was 1.42.

XTER:HAR's Cyclically Adjusted PS Ratio is ranked worse than
56.77% of 1004 companies
in the Vehicles & Parts industry
Industry Median: 0.66 vs XTER:HAR: 0.90

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.

Harley-Davidson's adjusted revenue per share data for the three months ended in Mar. 2024 was €11.622. 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 €37.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Harley-Davidson Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Harley-Davidson'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.

Harley-Davidson Cyclically Adjusted PS Ratio Chart

Harley-Davidson 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 1.21 1.17 1.10 1.12 0.94

Harley-Davidson 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 0.99 0.91 0.84 0.94 1.09

Competitive Comparison of Harley-Davidson's Cyclically Adjusted PS Ratio

For the Recreational Vehicles subindustry, Harley-Davidson'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.


Harley-Davidson's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Harley-Davidson's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Harley-Davidson 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.

Harley-Davidson's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=32.83/37.17
=0.88

* 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.

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

For example, Harley-Davidson'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)
=11.622/131.7762*131.7762
=11.622

Current CPI (Mar. 2024) = 131.7762.

Harley-Davidson Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.719 100.560 8.805
201409 4.657 100.428 6.111
201412 4.542 99.070 6.041
201503 7.299 99.621 9.655
201506 7.793 100.684 10.200
201509 5.738 100.392 7.532
201512 5.707 99.792 7.536
201603 8.531 100.470 11.189
201606 9.134 101.688 11.837
201609 6.334 101.861 8.194
201612 5.935 101.863 7.678
201703 7.931 102.862 10.160
201706 8.961 103.349 11.426
201709 5.659 104.136 7.161
201712 6.151 104.011 7.793
201803 7.393 105.290 9.253
201806 8.771 106.317 10.871
201809 6.765 106.507 8.370
201812 6.180 105.998 7.683
201903 7.656 107.251 9.407
201906 9.063 108.070 11.051
201909 7.362 108.329 8.955
201912 6.233 108.420 7.576
202003 7.642 108.902 9.247
202006 5.015 108.767 6.076
202009 6.430 109.815 7.716
202012 3.864 109.897 4.633
202103 7.735 111.754 9.121
202106 8.199 114.631 9.425
202109 7.482 115.734 8.519
202112 5.796 117.630 6.493
202203 8.820 121.301 9.582
202206 9.401 125.017 9.909
202209 11.321 125.227 11.913
202212 7.247 125.222 7.626
202303 11.217 127.348 11.607
202306 9.152 128.729 9.369
202309 10.057 129.860 10.205
202312 6.829 129.419 6.953
202403 11.622 131.776 11.622

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.


Harley-Davidson  (XTER:HAR) 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.


Harley-Davidson Cyclically Adjusted PS Ratio Related Terms

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


Harley-Davidson (XTER:HAR) Business Description

Address
3700 West Juneau Avenue, Milwaukee, WI, USA, 53208
Harley-Davidson is a global leading manufacturer of heavyweight motorcycles, merchandise, parts, and accessories. It sells custom, cruiser, and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear, and apparel, as well as merchandise. Harley-Davidson Financial Services provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley has historically captured about half of all heavyweight domestic retail motorcycle registrations, a metric it had ceded in 2020 as it repositioned the business, and has yet to restore (at 39% in the third quarter). In recent years the firm has expanded into the adventure touring market with its Pan America model and into electric with the LiveWire brand.

Harley-Davidson (XTER:HAR) Headlines

No Headlines