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Williams (Williams) Cyclically Adjusted PS Ratio : 3.70 (As of Apr. 28, 2024)


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What is Williams Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Williams's current share price is $39.26. Williams's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $10.60. Williams's Cyclically Adjusted PS Ratio for today is 3.70.

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

WMB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.96   Med: 2.37   Max: 4.01
Current: 3.7

During the past years, Williams's highest Cyclically Adjusted PS Ratio was 4.01. The lowest was 0.96. And the median was 2.37.

WMB's Cyclically Adjusted PS Ratio is ranked worse than
86.47% of 754 companies
in the Oil & Gas industry
Industry Median: 0.895 vs WMB: 3.70

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.

Williams's adjusted revenue per share data for the three months ended in Dec. 2023 was $2.277. 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 $10.60 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Williams Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Williams'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.

Williams Cyclically Adjusted PS Ratio Chart

Williams 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 2.12 1.89 2.45 3.09 3.29

Williams 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 3.09 2.78 3.04 3.14 3.29

Competitive Comparison of Williams's Cyclically Adjusted PS Ratio

For the Oil & Gas Midstream subindustry, Williams'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.


Williams's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Williams's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Williams 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.26/10.6
=3.70

* 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.

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

For example, Williams'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)
=2.277/129.4194*129.4194
=2.277

Current CPI (Dec. 2023) = 129.4194.

Williams Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.539 99.695 3.296
201406 2.395 100.560 3.082
201409 2.751 100.428 3.545
201412 2.846 99.070 3.718
201503 2.282 99.621 2.965
201506 2.443 100.684 3.140
201509 2.399 100.392 3.093
201512 2.675 99.792 3.469
201603 2.212 100.470 2.849
201606 2.313 101.688 2.944
201609 2.534 101.861 3.220
201612 2.927 101.863 3.719
201703 2.405 102.862 3.026
201706 2.322 103.349 2.908
201709 2.280 104.136 2.834
201712 2.686 104.011 3.342
201803 2.515 105.290 3.091
201806 2.519 106.317 3.066
201809 2.244 106.507 2.727
201812 1.816 105.998 2.217
201903 1.692 107.251 2.042
201906 1.681 108.070 2.013
201909 1.646 108.329 1.966
201912 1.735 108.420 2.071
202003 1.577 108.902 1.874
202006 1.466 108.767 1.744
202009 1.591 109.815 1.875
202012 1.720 109.897 2.026
202103 2.146 111.754 2.485
202106 1.875 114.631 2.117
202109 2.032 115.734 2.272
202112 2.669 117.630 2.937
202203 2.067 121.301 2.205
202206 2.036 125.017 2.108
202209 2.471 125.227 2.554
202212 2.393 125.222 2.473
202303 2.513 127.348 2.554
202306 2.035 128.729 2.046
202309 2.097 129.860 2.090
202312 2.277 129.419 2.277

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.


Williams  (NYSE:WMB) 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.


Williams Cyclically Adjusted PS Ratio Related Terms

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


Williams (Williams) Business Description

Industry
Traded in Other Exchanges
Address
One Williams Center, PO Box 2400, Tulsa, OK, USA, 74172
Williams Companies is a midstream energy company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering, processing, and storage assets. In August 2018, the firm acquired the remaining 26% ownership of its limited partner, Williams Partners.
Executives
Scott A. Hallam officer: SVP Atlantic - Gulf 2800 POST OAK BLVD., HOUSTON TX 77056
Murray D Smith director ONE WILLIAMS CENTER, TULSA OK 74172
William H Spence director UNIVERSITY OFFICE PLAZA, 252 CHAPMAN RD., PO BOX 6066, NEWARK DE 19714-0066
Stephen W Bergstrom director
Terrance Lane Wilson officer: SVP & General Counsel ONE WILLIAMS CENTER, TULSA OK 74172
Debbie L. Cowan officer: SVP & Chief HR Officer ONE WILLIAMS CENTER, TULSA OK 74172
Larry C Larsen officer: Senior Vice President ONE WILLIAMS CENTER, TULSA OK 74172
Richard E Muncrief director 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Jesse J Tyson director ONE WILLIAMS CENTER, TULSA OK 74172
Alan S Armstrong officer: Sr. Vice President - Midstream ONE WILLIAMS CENTER, TULSA OK 74102
Carri A. Lockhart director 6401 NORTH ELDRIDGE PKWY, HOUSTON TX 77041
Mary A. Hausman officer: VP Chief Accounting Officer ONE WILLIAMS CENTER, TULSA OK 74012
Walter J Bennett officer: Senior Vice President 525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105
Stacey H Dore director 1807 ROSS AVE, 4TH FLOOR, DALLAS TX 75201
Rose M Robeson director 370 17TH STREET, SUITE 2775, DENVER CO 80202