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Activision Blizzard (Activision Blizzard) Cyclically Adjusted PS Ratio : 9.05 (As of May. 05, 2024)


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What is Activision Blizzard Cyclically Adjusted PS Ratio?

As of today (2024-05-05), Activision Blizzard's current share price is $94.42. Activision Blizzard's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2023 was $10.43. Activision Blizzard's Cyclically Adjusted PS Ratio for today is 9.05.

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

ATVI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.91   Med: 9.82   Max: 13.39
Current: 9.82

During the past years, Activision Blizzard's highest Cyclically Adjusted PS Ratio was 13.39. The lowest was 6.91. And the median was 9.82.

ATVI's Cyclically Adjusted PS Ratio is not ranked
in the Interactive Media industry.
Industry Median: 1.51 vs ATVI: 9.82

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.

Activision Blizzard's adjusted revenue per share data for the three months ended in Jun. 2023 was $2.780. 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 $10.43 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Activision Blizzard Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Activision Blizzard'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.

Activision Blizzard Cyclically Adjusted PS Ratio Chart

Activision Blizzard Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 8.91 11.43 7.85 8.40

Activision Blizzard Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 8.96 9.06 8.40 8.84 8.41

Competitive Comparison of Activision Blizzard's Cyclically Adjusted PS Ratio

For the Electronic Gaming & Multimedia subindustry, Activision Blizzard'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.


Activision Blizzard's Cyclically Adjusted PS Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Activision Blizzard's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Activision Blizzard 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.

Activision Blizzard's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=94.42/10.43
=9.05

* 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.

Activision Blizzard's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Activision Blizzard's adjusted Revenue per Share data for the three months ended in Jun. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=2.78/128.7287*128.7287
=2.780

Current CPI (Jun. 2023) = 128.7287.

Activision Blizzard Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201309 0.609 98.790 0.794
201312 2.000 98.326 2.618
201403 1.543 99.695 1.992
201406 1.338 100.560 1.713
201409 1.049 100.428 1.345
201412 2.160 99.070 2.807
201503 1.748 99.621 2.259
201506 1.420 100.684 1.816
201509 1.340 100.392 1.718
201512 1.807 99.792 2.331
201603 1.943 100.470 2.489
201606 2.085 101.688 2.639
201609 2.074 101.861 2.621
201612 2.661 101.863 3.363
201703 2.268 102.862 2.838
201706 2.135 103.349 2.659
201709 2.112 104.136 2.611
201712 2.646 104.011 3.275
201803 2.552 105.290 3.120
201806 2.131 106.317 2.580
201809 1.961 106.507 2.370
201812 3.088 105.998 3.750
201903 2.370 107.251 2.845
201906 1.813 108.070 2.160
201909 1.663 108.329 1.976
201912 2.566 108.420 3.047
202003 2.310 108.902 2.731
202006 2.490 108.767 2.947
202009 2.508 109.815 2.940
202012 3.088 109.897 3.617
202103 2.905 111.754 3.346
202106 2.932 114.631 3.293
202109 2.644 115.734 2.941
202112 2.759 117.630 3.019
202203 2.249 121.301 2.387
202206 2.086 125.017 2.148
202209 2.259 125.227 2.322
202212 2.947 125.222 3.030
202303 3.009 127.348 3.042
202306 2.780 128.729 2.780

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.


Activision Blizzard  (NAS:ATVI) 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.


Activision Blizzard Cyclically Adjusted PS Ratio Related Terms

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


Activision Blizzard (Activision Blizzard) Business Description

Traded in Other Exchanges
N/A
Address
2701 Olympic Boulevard, Building B, Santa Monica, CA, USA, 90404
Activision Blizzard was formed in 2008 by the merger of Activision, one of the largest console video game publishers, and Blizzard, one of largest PC video game publishers. The combined firm remains one of the world's largest video game publishers. Activision's impressive franchise portfolio includes World of Warcraft, which boasts more than $8 billion of lifetime sales, and Call of Duty, which has sold over 175 million copies across 14 titles over 12 years.
Executives
Julie Hodges officer: Chief People Officer C/O ACTIVISION BLIZZARD, INC., 2701 OLYMPIC BOULEVARD, BUILDING B, SANTA MONICA CA 90404
Peter J Nolan director 11111SANTA MONICA BLVD, STE 2000, LOS ANGELES CA 90025
Daniel Alegre officer: President and COO 9800 59TH AVENUE NORTH, MINNEAPOLIS MN 55317
Robert A Kotick director, officer: Chief Executive Officer 3100 OCEAN PARK BLVD, SANTA MONICA CA 90405
Brian Bulatao officer: Chief Administrative Officer C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 90405
Armin Zerza officer: Chief Financial Officer C/O ACTIVISION BLIZZARD, INC, 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 90405
Grant Michael Dixton officer: Chief Legal Officer C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 90405
Lulu Cheng Meservey director 2701 OLYMPIC BOULEVARD, BUILDING B, SANTA MONICA CA 90404
Dawn Ostroff director 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 91405
Barry Meyer director C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BLVD., SANTA MONICA CA 90405
Reveta F Bowers director C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 90405
Brian G Kelly director 3100 OCEAN PARK BLVD, SANTA MONICA CA 90405
Robert J Morgado director 3100 OCAN PARK BLVD, SANTA MONICA CA 90405
Robert J Corti director C/O AVON PRODUCTS INC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105-0196
Kerry Carr director ONE MEADOWLANDS PLAZA, EAST RUTHERFORD NJ 07073