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Apple (XKAZ:AAPL_KZ) Cyclically Adjusted PS Ratio : 10.67 (As of Apr. 27, 2024)


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What is Apple Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Apple's current share price is ₸69360.00. Apple's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ₸6,499.01. Apple's Cyclically Adjusted PS Ratio for today is 10.67.

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

XKAZ:AAPL_KZ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.61   Med: 7.38   Max: 14.12
Current: 9.42

During the past years, Apple's highest Cyclically Adjusted PS Ratio was 14.12. The lowest was 4.61. And the median was 7.38.

XKAZ:AAPL_KZ's Cyclically Adjusted PS Ratio is ranked worse than
96.4% of 1889 companies
in the Hardware industry
Industry Median: 1.01 vs XKAZ:AAPL_KZ: 9.42

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.

Apple's adjusted revenue per share data for the three months ended in Dec. 2023 was ₸3,539.431. 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 ₸6,499.01 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apple Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Apple'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.

Apple Cyclically Adjusted PS Ratio Chart

Apple Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.20 11.11 11.13 8.94 9.71

Apple 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 8.15 9.94 11.34 9.71 10.67

Competitive Comparison of Apple's Cyclically Adjusted PS Ratio

For the Consumer Electronics subindustry, Apple'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.


Apple's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Apple 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=69360.00/6499.01
=10.67

* 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.

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

For example, Apple'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)
=3539.431/129.4194*129.4194
=3,539.431

Current CPI (Dec. 2023) = 129.4194.

Apple Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 332.983 99.695 432.265
201406 280.444 100.560 360.930
201409 316.518 100.428 407.891
201412 570.926 99.070 745.827
201503 454.572 99.621 590.542
201506 394.457 100.684 507.036
201509 609.695 100.392 785.986
201512 1,140.156 99.792 1,478.653
201603 777.053 100.470 1,000.949
201606 648.650 101.688 825.543
201609 722.630 101.861 918.137
201612 1,220.339 101.863 1,550.475
201703 789.416 102.862 993.229
201706 690.360 103.349 864.507
201709 857.748 104.136 1,066.007
201712 1,411.497 104.011 1,756.304
201803 970.190 105.290 1,192.535
201806 893.587 106.317 1,087.763
201809 1,179.064 106.507 1,432.715
201812 1,647.826 105.998 2,011.933
201903 1,164.059 107.251 1,404.672
201906 1,118.131 108.070 1,339.026
201909 1,375.825 108.329 1,643.676
201912 1,976.505 108.420 2,359.324
202003 1,248.333 108.902 1,483.529
202006 1,396.498 108.767 1,661.657
202009 1,568.174 109.815 1,848.129
202012 2,770.853 109.897 3,263.081
202103 2,213.094 111.754 2,562.917
202106 2,074.896 114.631 2,342.568
202109 2,134.224 115.734 2,386.587
202112 3,271.928 117.630 3,599.870
202203 2,889.063 121.301 3,082.421
202206 2,185.311 125.017 2,262.269
202209 2,632.995 125.227 2,721.154
202212 3,434.062 125.222 3,549.176
202303 2,636.034 127.348 2,678.915
202306 2,324.846 128.729 2,337.320
202309 2,611.548 129.860 2,602.697
202312 3,539.431 129.419 3,539.431

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.


Apple  (XKAZ:AAPL_KZ) 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.


Apple Cyclically Adjusted PS Ratio Related Terms

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


Apple (XKAZ:AAPL_KZ) Business Description

Industry
Address
One Apple Park Way, Cupertino, CA, USA, 95014
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.

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