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Warner Bros. Discovery (Warner Bros. Discovery) Cyclically Adjusted PS Ratio : 0.49 (As of Apr. 27, 2024)


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What is Warner Bros. Discovery Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Warner Bros. Discovery's current share price is $8.11. Warner Bros. Discovery's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $16.41. Warner Bros. Discovery's Cyclically Adjusted PS Ratio for today is 0.49.

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

WBD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.51   Med: 3.22   Max: 11.45
Current: 0.51

During the past years, Warner Bros. Discovery's highest Cyclically Adjusted PS Ratio was 11.45. The lowest was 0.51. And the median was 3.22.

WBD's Cyclically Adjusted PS Ratio is ranked better than
66.67% of 693 companies
in the Media - Diversified industry
Industry Median: 0.89 vs WBD: 0.51

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.

Warner Bros. Discovery's adjusted revenue per share data for the three months ended in Dec. 2023 was $4.222. 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 $16.41 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Warner Bros. Discovery Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Warner Bros. Discovery'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.

Warner Bros. Discovery Cyclically Adjusted PS Ratio Chart

Warner Bros. Discovery 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 3.24 2.69 1.78 0.62 0.69

Warner Bros. Discovery 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 0.62 0.96 0.78 0.66 0.69

Competitive Comparison of Warner Bros. Discovery's Cyclically Adjusted PS Ratio

For the Entertainment subindustry, Warner Bros. Discovery'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.


Warner Bros. Discovery's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Warner Bros. Discovery's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Warner Bros. Discovery 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.

Warner Bros. Discovery's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.11/16.41
=0.49

* 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.

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

For example, Warner Bros. Discovery'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)
=4.222/129.4194*129.4194
=4.222

Current CPI (Dec. 2023) = 129.4194.

Warner Bros. Discovery Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.004 99.695 2.602
201406 2.327 100.560 2.995
201409 2.299 100.428 2.963
201412 2.505 99.070 3.272
201503 2.304 99.621 2.993
201506 2.525 100.684 3.246
201509 2.384 100.392 3.073
201512 2.532 99.792 3.284
201603 2.478 100.470 3.192
201606 2.773 101.688 3.529
201609 2.585 101.861 3.284
201612 2.810 101.863 3.570
201703 2.743 102.862 3.451
201706 3.019 103.349 3.781
201709 2.891 104.136 3.593
201712 3.323 104.011 4.135
201803 3.788 105.290 4.656
201806 3.996 106.317 4.864
201809 3.635 106.507 4.417
201812 3.929 105.998 4.797
201903 3.791 107.251 4.575
201906 4.029 108.070 4.825
201909 3.756 108.329 4.487
201912 4.094 108.420 4.887
202003 3.917 108.902 4.655
202006 3.770 108.767 4.486
202009 3.811 109.815 4.491
202012 3.333 109.897 3.925
202103 4.186 111.754 4.848
202106 4.611 114.631 5.206
202109 4.751 115.734 5.313
202112 4.821 117.630 5.304
202203 4.750 121.301 5.068
202206 4.299 125.017 4.450
202209 4.046 125.227 4.181
202212 4.521 125.222 4.673
202303 4.400 127.348 4.472
202306 4.250 128.729 4.273
202309 4.093 129.860 4.079
202312 4.222 129.419 4.222

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.


Warner Bros. Discovery  (NAS:WBD) 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.


Warner Bros. Discovery Cyclically Adjusted PS Ratio Related Terms

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


Warner Bros. Discovery (Warner Bros. Discovery) Business Description

Address
230 Park Avenue South, New York, NY, USA, 10003
Warner Bros. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. The new company owns some of the biggest global networks including HBO, Discovery, CNN, and TLC and well-known franchises like Superman, Rick and Morty, and Game of Thrones. The firm's content production studios include Warner Bros., HBO, Discovery Studios, DC Films, and Cartoon Network Studios. The company operates two major streaming services, Max and Discovery+.
Executives
Advance/newhouse Partnership director 5015 CAMPUSWOOD DR., EAST SYRACUSE NY 13057
Steven O Newhouse director 6350 COURT STREET, EAST SYRACUSE NY 13057-1211
Advance/newhouse Programming Partnership director, 10 percent owner 5000 CAMPUSWOOD DRIVE, E. SYRACUSE NY 13057
Gerhard Zeiler officer: President, International C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Gunnar Wiedenfels officer: Chief Financial Officer C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Fazal F Merchant director 2230 E. IMPERIAL HIGHWAY, EL SEGUNDO CA 90245
Geoffrey Y Yang director 3000 SAND HILL ROAD, 2-290, MENLO PARK CA 94025
Di Piazza Samuel A Jr. director 100 BROOKWOOD PLACE, BIRMINGHAM AL 35209
Paul A Gould director 711 FIFTH AVENUE, 9TH FLOOR, NEW YORK NY 10022
Robert R Bennett director 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
David Leavy officer: Chief Communications Officer C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
David Zaslav director, officer: Chief Executive Officer & Pres C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Li Haslett Chen director C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Debra L Lee director C/O BLACK ENTERTAINMENT, 1 BET PLZ. 1900W PLACE N.W., WASHINGTON DC 20018
Paula A Price director ONE CVS DRIVE, WOONSOCKET RI 02895