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Bechtle AG (Bechtle AG) Cyclically Adjusted PS Ratio : 1.18 (As of Jun. 09, 2024)


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What is Bechtle AG Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Bechtle AG's current share price is $53.55. Bechtle AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $45.39. Bechtle AG's Cyclically Adjusted PS Ratio for today is 1.18.

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

BHTLF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.29   Max: 2.32
Current: 1.13

During the past years, Bechtle AG's highest Cyclically Adjusted PS Ratio was 2.32. The lowest was 0.93. And the median was 1.29.

BHTLF's Cyclically Adjusted PS Ratio is ranked better than
64.34% of 1461 companies
in the Software industry
Industry Median: 1.81 vs BHTLF: 1.13

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.

Bechtle AG's adjusted revenue per share data for the three months ended in Mar. 2024 was $12.969. 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 $45.39 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bechtle AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Bechtle AG'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.

Bechtle AG Cyclically Adjusted PS Ratio Chart

Bechtle AG 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 1.68 2.18 2.03 0.91 1.12

Bechtle AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.16 0.93 1.11 1.12 1.18

Competitive Comparison of Bechtle AG's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, Bechtle AG'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.


Bechtle AG's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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



Bechtle AG 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.

Bechtle AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=53.55/45.39
=1.18

* 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.

Bechtle AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bechtle AG's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=12.969/125.0381*125.0381
=12.969

Current CPI (Mar. 2024) = 125.0381.

Bechtle AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.510 99.543 8.177
201409 6.323 99.823 7.920
201412 7.553 99.543 9.488
201503 5.346 99.717 6.704
201506 6.111 100.417 7.609
201509 6.112 100.417 7.611
201512 7.233 99.717 9.070
201603 6.230 100.017 7.789
201606 6.451 100.717 8.009
201609 6.503 101.017 8.049
201612 7.830 101.217 9.673
201703 6.817 101.417 8.405
201706 7.332 102.117 8.978
201709 8.267 102.717 10.063
201712 10.058 102.617 12.256
201803 9.350 102.917 11.360
201806 8.947 104.017 10.755
201809 9.720 104.718 11.606
201812 12.220 104.217 14.661
201903 11.120 104.217 13.342
201906 11.307 105.718 13.373
201909 11.156 106.018 13.157
201912 14.086 105.818 16.645
202003 11.889 105.718 14.062
202006 11.713 106.618 13.737
202009 12.815 105.818 15.143
202012 9.783 105.518 11.593
202103 12.201 107.518 14.189
202106 11.841 108.486 13.648
202109 11.925 109.435 13.625
202112 13.439 110.384 15.223
202203 12.055 113.968 13.226
202206 11.893 115.760 12.846
202209 11.503 118.818 12.105
202212 14.860 119.345 15.569
202303 13.073 122.402 13.355
202306 12.983 123.140 13.183
202309 12.529 124.195 12.614
202312 16.402 123.773 16.570
202403 12.969 125.038 12.969

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.


Bechtle AG  (OTCPK:BHTLF) 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.


Bechtle AG Cyclically Adjusted PS Ratio Related Terms

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


Bechtle AG (Bechtle AG) Business Description

Industry
Traded in Other Exchanges
Address
Bechtle Platz 1, Neckarsulm, BW, DEU, 74172
Bechtle AG is an information technology provider with operations in Germany, Austria, Switzerland, and other European countries. The company's customers are mainly in the industrial, trade, financial, and public sectors. Bechtle operates through two segments: IT System House and Managed Services, and IT E-commerce. The IT System House and Managed Services segment consist of IT strategy consulting, hardware and software sales, project planning and roll-out, system integrations, IT services and training, and client management, among others. The IT E-commerce segment includes e-procurement services, software solutions, and product marketing through the Internet and telemarketing.

Bechtle AG (Bechtle AG) Headlines

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