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Dassault Aviation (XPAR:AM) Cyclically Adjusted PS Ratio : 2.89 (As of Apr. 27, 2024)


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What is Dassault Aviation Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Dassault Aviation's current share price is €203.80. Dassault Aviation's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was €70.58. Dassault Aviation's Cyclically Adjusted PS Ratio for today is 2.89.

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

XPAR:AM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.3   Med: 2.59   Max: 3.97
Current: 2.86

During the past 13 years, Dassault Aviation's highest Cyclically Adjusted PS Ratio was 3.97. The lowest was 1.30. And the median was 2.59.

XPAR:AM's Cyclically Adjusted PS Ratio is ranked worse than
72.99% of 211 companies
in the Aerospace & Defense industry
Industry Median: 1.47 vs XPAR:AM: 2.86

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.

Dassault Aviation's adjusted revenue per share data of for the fiscal year that ended in Dec23 was €59.359. 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 €70.58 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dassault Aviation Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Dassault Aviation'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.

Dassault Aviation Cyclically Adjusted PS Ratio Chart

Dassault Aviation 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 2.27 1.67 1.58 2.34 2.54

Dassault Aviation Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 1.58 - 2.34 - 2.54

Competitive Comparison of Dassault Aviation's Cyclically Adjusted PS Ratio

For the Aerospace & Defense subindustry, Dassault Aviation'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.


Dassault Aviation's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Dassault Aviation's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Dassault Aviation 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.

Dassault Aviation's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=203.80/70.58
=2.89

* 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.

Dassault Aviation's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Dassault Aviation's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=59.359/118.2300*118.2300
=59.359

Current CPI (Dec23) = 118.2300.

Dassault Aviation Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 36.753 99.860 43.514
201512 47.442 100.040 56.068
201612 43.472 100.650 51.065
201712 59.443 101.850 69.003
201812 61.720 103.470 70.524
201912 88.655 104.980 99.845
202012 66.036 104.960 74.385
202112 87.108 107.850 95.492
202212 83.598 114.160 86.578
202312 59.359 118.230 59.359

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.


Dassault Aviation  (XPAR:AM) 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.


Dassault Aviation Cyclically Adjusted PS Ratio Related Terms

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


Dassault Aviation (XPAR:AM) Business Description

Traded in Other Exchanges
Address
9, Rond-Point des Champs-Elysees, Marcel Dassault, Paris, FRA, 75008
Dassault Aviation, a subsidiary of French multinational company Dassault Group, designs, builds and maintains military fighter jets, and is one of the largest manufacturers of business jets. Dassault has a 24.8% stake in narrow-moat Thales, which contributes significantly to Dassault's net profit. In 2021, Dassault Aviation generated EUR 7.2 billion in revenue with 12,000 employees. About 70% of revenue comes from defense aircraft equipment sales and services, while Falcon business jets generate the remaining 30% of sales.