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Albany International (Albany International) Cyclically Adjusted PS Ratio : 2.63 (As of Apr. 29, 2024)


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What is Albany International Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Albany International's current share price is $88.30. Albany International's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $33.57. Albany International's Cyclically Adjusted PS Ratio for today is 2.63.

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

AIN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.92   Med: 2.23   Max: 3.56
Current: 2.61

During the past years, Albany International's highest Cyclically Adjusted PS Ratio was 3.56. The lowest was 0.92. And the median was 2.23.

AIN's Cyclically Adjusted PS Ratio is ranked worse than
85.8% of 852 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.62 vs AIN: 2.61

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.

Albany International's adjusted revenue per share data for the three months ended in Dec. 2023 was $10.326. 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 $33.57 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Albany International Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Albany International'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.

Albany International Cyclically Adjusted PS Ratio Chart

Albany International 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 2.74 2.62 2.97 3.09 2.93

Albany International 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 2.74 2.83 2.58 2.93

Competitive Comparison of Albany International's Cyclically Adjusted PS Ratio

For the Textile Manufacturing subindustry, Albany International'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.


Albany International's Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Albany International's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Albany International 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.

Albany International's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=88.30/33.57
=2.63

* 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.

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

For example, Albany International'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)
=10.326/129.4194*129.4194
=10.326

Current CPI (Dec. 2023) = 129.4194.

Albany International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 5.654 99.695 7.340
201406 6.060 100.560 7.799
201409 5.630 100.428 7.255
201412 5.956 99.070 7.781
201503 5.671 99.621 7.367
201506 5.384 100.684 6.921
201509 5.578 100.392 7.191
201512 5.500 99.792 7.133
201603 5.372 100.470 6.920
201606 6.324 101.688 8.049
201609 5.951 101.861 7.561
201612 6.591 101.863 8.374
201703 6.196 102.862 7.796
201706 6.695 103.349 8.384
201709 6.896 104.136 8.570
201712 6.998 104.011 8.708
201803 6.936 105.290 8.526
201806 7.913 106.317 9.632
201809 7.803 106.507 9.482
201812 7.768 105.998 9.484
201903 7.786 107.251 9.395
201906 8.479 108.070 10.154
201909 8.390 108.329 10.023
201912 7.976 108.420 9.521
202003 7.295 108.902 8.669
202006 6.989 108.767 8.316
202009 6.555 109.815 7.725
202012 6.996 109.897 8.239
202103 6.863 111.754 7.948
202106 7.233 114.631 8.166
202109 7.167 115.734 8.014
202112 7.364 117.630 8.102
202203 7.640 121.301 8.151
202206 8.330 125.017 8.623
202209 8.345 125.227 8.624
202212 8.597 125.222 8.885
202303 8.620 127.348 8.760
202306 8.767 128.729 8.814
202309 8.986 129.860 8.956
202312 10.326 129.419 10.326

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.


Albany International  (NYSE:AIN) 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.


Albany International Cyclically Adjusted PS Ratio Related Terms

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


Albany International (Albany International) Business Description

Traded in Other Exchanges
Address
216 Airport Drive, Rochester, NH, USA, 03867
Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has a global operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.
Executives
Gunnar Kleveland director, officer: President and CEO C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
Robert Alan Hansen officer: Senior Vice President & CTO C/O ALBANY INTERNATIONAL CORP, PO BOX 1907, ALBANY NY 12201-1907
John J Tedone officer: VP - Controller & CAO 501 DUNN ROAD, COVENTRY CT 06238
Robert D. Starr officer: CFO & Treasurer 10 STOCKBRIDGE DRIVE, AVON CT 06001
Elisabeth Indriani officer: CAO & Corporate Controller C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
John Michael Mcquade director C/O ALBANY INTERNATIONAL CORP, 216 AIRPORT DRIVE, ROCHESTER NH 03867
Katharine Plourde director 120 EAST END AVE, NEW YORK NY 10028
Erland E Kailbourne director C/O RAND CAPITAL CORP, 2200 RAND BUILDING, BUFFFALO NY 14203
Russell Toney director 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Christina M Alvord director 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Daniel A Halftermeyer officer: President, MC C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907, ALBANY NY 12201-1907
Christine L Standish director C/O ALBANY INTERNATIONAL CORP, PO BOX 1907, ALBANY NY 12201-1907
David M Pawlick officer: Vice President-Controller C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907, ALBANY NY 12201-1907
Alice Mccarvill officer: Exec VP Human Resources C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
Gregory N Harwell officer: President- AEC C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867

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