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Caterpillar (BUE:CAT) Cyclically Adjusted PS Ratio : 3.68 (As of May. 22, 2024)


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What is Caterpillar Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Caterpillar's current share price is ARS21488.00. Caterpillar's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ARS5,837.23. Caterpillar's Cyclically Adjusted PS Ratio for today is 3.68.

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

BUE:CAT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.53   Max: 3.5
Current: 3.31

During the past years, Caterpillar's highest Cyclically Adjusted PS Ratio was 3.50. The lowest was 0.74. And the median was 1.53.

BUE:CAT's Cyclically Adjusted PS Ratio is ranked worse than
89.47% of 171 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.06 vs BUE:CAT: 3.31

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.

Caterpillar's adjusted revenue per share data for the three months ended in Mar. 2024 was ARS133,936.987. 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 ARS5,837.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Caterpillar Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Caterpillar'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.

Caterpillar Cyclically Adjusted PS Ratio Chart

Caterpillar 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 1.64 2.00 2.16 2.38 2.79

Caterpillar 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 2.23 2.36 2.58 2.79 3.38

Competitive Comparison of Caterpillar's Cyclically Adjusted PS Ratio

For the Farm & Heavy Construction Machinery subindustry, Caterpillar'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.


Caterpillar's Cyclically Adjusted PS Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Caterpillar's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Caterpillar 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.

Caterpillar's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21488.00/5837.23
=3.68

* 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.

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

For example, Caterpillar'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)
=133936.987/131.7762*131.7762
=133,936.987

Current CPI (Mar. 2024) = 131.7762.

Caterpillar Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 900.586 100.560 1,180.155
201409 915.776 100.428 1,201.634
201412 986.238 99.070 1,311.831
201503 914.214 99.621 1,209.299
201506 916.313 100.684 1,199.281
201509 866.409 100.392 1,137.268
201512 1,211.279 99.792 1,599.498
201603 1,175.501 100.470 1,541.778
201606 1,228.155 101.688 1,591.549
201609 1,158.730 101.861 1,499.033
201612 1,295.424 101.863 1,675.845
201703 1,276.347 102.862 1,635.121
201706 1,568.908 103.349 2,000.450
201709 1,666.353 104.136 2,108.651
201712 2,026.075 104.011 2,566.923
201803 2,130.724 105.290 2,666.730
201806 2,891.711 106.317 3,584.181
201809 4,116.881 106.507 5,093.641
201812 4,510.887 105.998 5,607.918
201903 4,547.218 107.251 5,587.061
201906 5,625.609 108.070 6,859.672
201909 6,356.948 108.329 7,732.845
201912 7,045.052 108.420 8,562.713
202003 5,988.995 108.902 7,246.980
202006 6,284.615 108.767 7,614.078
202009 6,712.714 109.815 8,055.154
202012 8,296.772 109.897 9,948.580
202103 9,709.657 111.754 11,449.229
202106 11,142.316 114.631 12,808.812
202109 11,068.103 115.734 12,602.250
202112 12,821.678 117.630 14,363.676
202203 13,552.655 121.301 14,723.023
202206 16,048.882 125.017 16,916.612
202209 19,744.279 125.227 20,776.961
202212 26,652.174 125.222 28,047.211
202303 30,164.980 127.348 31,213.939
202306 40,352.621 128.729 41,307.922
202309 57,380.605 129.860 58,227.531
202312 60,735.955 129.419 61,841.991
202403 133,936.987 131.776 133,936.987

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.


Caterpillar  (BUE:CAT) 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.


Caterpillar Cyclically Adjusted PS Ratio Related Terms

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


Caterpillar (BUE:CAT) Business Description

Address
5205 N. O'Connor Boulevard, Suite 100, Irving, TX, USA, 75039
Caterpillar is the premier manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with over 13% market share in 2021. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Caterpillar Financial Services provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.

Caterpillar (BUE:CAT) Headlines

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