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Graham (Graham) Cyclically Adjusted PS Ratio : 2.21 (As of Apr. 27, 2024)


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What is Graham Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Graham's current share price is $28.36. Graham's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $12.84. Graham's Cyclically Adjusted PS Ratio for today is 2.21.

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

GHM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.56   Med: 1.95   Max: 5
Current: 2.21

During the past years, Graham's highest Cyclically Adjusted PS Ratio was 5.00. The lowest was 0.56. And the median was 1.95.

GHM's Cyclically Adjusted PS Ratio is ranked worse than
65.33% of 2152 companies
in the Industrial Products industry
Industry Median: 1.405 vs GHM: 2.21

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.

Graham's adjusted revenue per share data for the three months ended in Dec. 2023 was $4.013. 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 $12.84 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Graham Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Graham'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.

Graham Cyclically Adjusted PS Ratio Chart

Graham Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.94 1.23 1.31 0.66 1.06

Graham 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 0.79 1.06 1.06 1.30 1.48

Competitive Comparison of Graham's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, Graham'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.


Graham's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Graham's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Graham 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=28.36/12.84
=2.21

* 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.

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

For example, Graham'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)
=4.013/129.4194*129.4194
=4.013

Current CPI (Dec. 2023) = 129.4194.

Graham Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.578 99.695 3.347
201406 2.814 100.560 3.622
201409 3.505 100.428 4.517
201412 3.315 99.070 4.331
201503 3.692 99.621 4.796
201506 2.718 100.684 3.494
201509 2.261 100.392 2.915
201512 1.745 99.792 2.263
201603 2.286 100.470 2.945
201606 2.310 101.688 2.940
201609 2.172 101.861 2.760
201612 2.328 101.863 2.958
201703 2.623 102.862 3.300
201706 2.137 103.349 2.676
201709 1.762 104.136 2.190
201712 1.769 104.011 2.201
201803 2.270 105.290 2.790
201806 3.014 106.317 3.669
201809 2.177 106.507 2.645
201812 1.747 105.998 2.133
201903 2.402 107.251 2.898
201906 2.089 108.070 2.502
201909 2.189 108.329 2.615
201912 2.557 108.420 3.052
202003 2.335 108.902 2.775
202006 1.689 108.767 2.010
202009 2.802 109.815 3.302
202012 2.722 109.897 3.206
202103 2.571 111.754 2.977
202106 1.976 114.631 2.231
202109 3.197 115.734 3.575
202112 2.705 117.630 2.976
202203 3.734 121.301 3.984
202206 3.394 125.017 3.514
202209 3.593 125.227 3.713
202212 3.740 125.222 3.865
202303 4.014 127.348 4.079
202306 4.438 128.729 4.462
202309 4.170 129.860 4.156
202312 4.013 129.419 4.013

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.


Graham  (NYSE:GHM) 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.


Graham Cyclically Adjusted PS Ratio Related Terms

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


Graham (Graham) Business Description

Traded in Other Exchanges
Address
20 Florence Avenue, Batavia, NY, USA, 14020
Graham Corporation manufactures and sells critical equipment for the energy, defense, and chemical/petrochemical industries based with emphasis on the United States. Its suite of products includes ejectors, surface condensers, turbopumps, compressors and liquid vacuum pumps, among others. For the defense industry, its equipment is used in nuclear propulsion power systems for the U.S. Navy. For the chemical and petrochemical industries, its equipment is used in fertilizer, ethylene, methanol and downstream chemical facilities. The company derives key revenue from the sale of Heat transfer equipment. It derives revenue from the US and other countries.
Executives
Alan E Smith officer: VP of Operations GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Daniel J. Thoren officer: President and COO C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Christopher J. Thome officer: VP-Finance; CFO C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Cari L Jaroslawsky director C/O HARTER SECREST & EMERY LLP, 1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Troy A. Stoner director C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Jeffrey Glajch officer: VP-Finance; CFO GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
James J Barber director C/O METABOLIX, INC., 21 ERIE STREET, CAMBRIDGE MA 02139
Lisa M. Schnorr director C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Jonathan W Painter director ONE ACTO PLACE, SUITE 202, ACTON MA 01720
Alan Fortier director GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Matthew Malone officer: VP & GM of Barber-Nichols C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
James R Lines officer: VP Marketing & Sales 11 HILLSIDE PARKWY, LANCSTER NY 14068
Jennifer R Condame officer: CAO and Controller GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
John N Rice officer: Vice President of Sales GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Gerard T Mazurkiewicz director