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CDW (CDW) Cyclically Adjusted PS Ratio : 1.81 (As of Apr. 28, 2024)


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What is CDW Cyclically Adjusted PS Ratio?

As of today (2024-04-28), CDW's current share price is $242.26. CDW's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $134.18. CDW's Cyclically Adjusted PS Ratio for today is 1.81.

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

CDW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 1.07   Max: 2
Current: 1.81

During the past years, CDW's highest Cyclically Adjusted PS Ratio was 2.00. The lowest was 0.25. And the median was 1.07.

CDW's Cyclically Adjusted PS Ratio is ranked better than
51.06% of 1412 companies
in the Software industry
Industry Median: 1.87 vs CDW: 1.81

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.

CDW's adjusted revenue per share data for the three months ended in Dec. 2023 was $36.901. 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 $134.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CDW Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CDW'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.

CDW Cyclically Adjusted PS Ratio Chart

CDW 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 1.64 1.40 1.90 1.45 1.69

CDW Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 1.45 1.54 1.41 1.52 1.69

Competitive Comparison of CDW's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, CDW'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.


CDW's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, CDW's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



CDW 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=242.26/134.18
=1.81

* 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.

CDW's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, CDW's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=36.901/129.4194*129.4194
=36.901

Current CPI (Dec. 2023) = 129.4194.

CDW Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 15.393 99.695 19.983
201406 17.985 100.560 23.147
201409 18.879 100.428 24.329
201412 17.620 99.070 23.018
201503 15.880 99.621 20.630
201506 19.212 100.684 24.695
201509 20.474 100.392 26.394
201512 20.073 99.792 26.032
201603 18.453 100.470 23.770
201606 21.983 101.688 27.978
201609 22.488 101.861 28.572
201612 19.493 101.863 24.766
201703 20.000 102.862 25.164
201706 24.476 103.349 30.650
201709 25.181 104.136 31.295
201712 24.176 104.011 30.082
201803 23.297 105.290 28.636
201806 27.200 106.317 33.111
201809 28.453 106.507 34.574
201812 26.790 105.998 32.710
201903 26.527 107.251 32.010
201906 31.220 108.070 37.388
201909 33.340 108.329 39.831
201912 30.947 108.420 36.941
202003 30.291 108.902 35.998
202006 30.254 108.767 35.998
202009 32.848 109.815 38.712
202012 34.157 109.897 40.225
202103 33.805 111.754 39.149
202106 36.319 114.631 41.004
202109 38.020 115.734 42.516
202112 40.181 117.630 44.208
202203 43.519 121.301 46.432
202206 44.925 125.017 46.507
202209 45.336 125.227 46.854
202212 39.609 125.222 40.937
202303 37.168 127.348 37.773
202306 41.338 128.729 41.560
202309 41.415 129.860 41.275
202312 36.901 129.419 36.901

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.


CDW  (NAS:CDW) 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.


CDW Cyclically Adjusted PS Ratio Related Terms

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


CDW (CDW) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » CDW Corp (NAS:CDW) » Definitions » Cyclically Adjusted PS Ratio
Traded in Other Exchanges
Address
75 Tri-State International, Lincolnshire, Chicago, IL, USA, 60069
CDW Corp is a value-added reseller operating in the U.S. (95% of sales) and Canada (5%). The company has more than 100,000 products on its line of cards that range from notebooks to data center software. Roughly half of CDW's revenue comes from midsize and large businesses, with the remaining from small businesses, government agencies, education institutions, and health-care organizations.
Executives
Christina M Corley officer: See Remarks 780 AEC DRIVE, WOOD DALE IL 60191
Christine A Leahy officer: See Remarks
Kelly J Grier director 155 HARLEM AVE., GLENVIEW IL 60025
Donna F Zarcone director C/O HARLEY DAVIDSON, 3700 W. JUNEAU AVE, MILWAUKEE WI 53208
Marc Ellis Jones director C/O GARDNER DENVER HOLDINGS, INC., 222 EAST ERIE STREET, MILWAUKEE WI 53202
Carolyn Wiesenhahn officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Peter R Locy officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Miralles Albert Joseph Jr officer: See Remarks 151 N. FRANKLIN, CHICAGO IL 60606
Paul J Finnegan director, 10 percent owner PO BOX 2000, 3905 DAKOTA STREET SW, ALEXANDRIA MN 56308
Kebo Collin B. officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Frederick J. Kulevich officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Sanjay Mehrotra director C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612
Anthony R Foxx director 2710 WYCLIFF ROAD, RALEIGH NC 27607
Ilaria Mocciaro officer: See Remarks 2301 PATRIOT BLVD, GLENVIEW IL 60026
Matthew A. Troka officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061

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