GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CME Group Inc (BSP:CHME34) » Definitions » Cyclically Adjusted PS Ratio

CME Group (BSP:CHME34) Cyclically Adjusted PS Ratio : 14.24 (As of May. 26, 2024)


View and export this data going back to 2019. Start your Free Trial

What is CME Group Cyclically Adjusted PS Ratio?

As of today (2024-05-26), CME Group's current share price is R$270.00. CME Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$18.96. CME Group's Cyclically Adjusted PS Ratio for today is 14.24.

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

BSP:CHME34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.88   Med: 14.17   Max: 20.54
Current: 14.53

During the past years, CME Group's highest Cyclically Adjusted PS Ratio was 20.54. The lowest was 7.88. And the median was 14.17.

BSP:CHME34's Cyclically Adjusted PS Ratio is ranked worse than
87.77% of 564 companies
in the Capital Markets industry
Industry Median: 3.235 vs BSP:CHME34: 14.53

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.

CME Group's adjusted revenue per share data for the three months ended in Mar. 2024 was R$5.148. 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 R$18.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CME Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CME Group'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.

CME Group Cyclically Adjusted PS Ratio Chart

CME Group 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 18.08 15.77 18.30 12.40 14.60

CME Group 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 13.76 13.12 13.96 14.60 14.55

Competitive Comparison of CME Group's Cyclically Adjusted PS Ratio

For the Financial Data & Stock Exchanges subindustry, CME Group'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.


CME Group's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CME Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



CME Group 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.

CME Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=270.00/18.96
=14.24

* 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.

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

For example, CME Group'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)
=5.148/131.7762*131.7762
=5.148

Current CPI (Mar. 2024) = 131.7762.

CME Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.218 100.560 1.596
201409 1.326 100.428 1.740
201412 1.649 99.070 2.193
201503 1.961 99.621 2.594
201506 1.888 100.684 2.471
201509 2.454 100.392 3.221
201512 2.335 99.792 3.083
201603 2.551 100.470 3.346
201606 2.290 101.688 2.968
201609 2.018 101.861 2.611
201612 2.256 101.863 2.919
201703 2.137 102.862 2.738
201706 2.240 103.349 2.856
201709 2.050 104.136 2.594
201712 2.177 104.011 2.758
201803 2.668 105.290 3.339
201806 2.931 106.317 3.633
201809 2.723 106.507 3.369
201812 3.408 105.998 4.237
201903 3.163 107.251 3.886
201906 3.425 108.070 4.176
201909 3.671 108.329 4.466
201912 3.260 108.420 3.962
202003 5.187 108.902 6.277
202006 4.278 108.767 5.183
202009 4.069 109.815 4.883
202012 3.940 109.897 4.724
202103 4.921 111.754 5.803
202106 4.131 114.631 4.749
202109 4.080 115.734 4.646
202112 4.518 117.630 5.061
202203 4.664 121.301 5.067
202206 4.346 125.017 4.581
202209 4.480 125.227 4.714
202212 4.411 125.222 4.642
202303 5.224 127.348 5.406
202306 4.592 128.729 4.701
202309 4.593 129.860 4.661
202312 4.902 129.419 4.991
202403 5.148 131.776 5.148

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.


CME Group  (BSP:CHME34) 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.


CME Group Cyclically Adjusted PS Ratio Related Terms

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


CME Group (BSP:CHME34) Business Description

Traded in Other Exchanges
Address
20 South Wacker Drive, Chicago, IL, USA, 60606
Based in Chicago, CME Group operates exchanges giving investors, suppliers, and businesses the ability to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities. The CME was founded in 1898 and in 2002 completed its initial public offering. Since then, CME Group has consolidated parts of the industry by merging with crosstown rival, CBOT Holdings in 2007 before acquiring Nymex Holdings in 2008 and NEX in 2018. In addition, the company has a 27% stake in S&P Dow Jones Indices, making the Chicago Mercantile Exchange the exclusive venue to trade and clear S&P futures contracts. Through CME's acquisition of NEX in 2018 it has also expanded into cash foreign exchange, fixed income trading, and collateral optimization.

CME Group (BSP:CHME34) Headlines

No Headlines