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Etsy (ETSY) Cyclically Adjusted PS Ratio : 6.96 (As of May. 02, 2024)


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What is Etsy Cyclically Adjusted PS Ratio?

As of today (2024-05-02), Etsy's current share price is $69.77. Etsy's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $10.03. Etsy's Cyclically Adjusted PS Ratio for today is 6.96.

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

ETSY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.44   Med: 7.21   Max: 10.61
Current: 6.84

During the past years, Etsy's highest Cyclically Adjusted PS Ratio was 10.61. The lowest was 6.44. And the median was 7.21.

ETSY's Cyclically Adjusted PS Ratio is ranked worse than
98.01% of 754 companies
in the Retail - Cyclical industry
Industry Median: 0.48 vs ETSY: 6.84

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.

Etsy's adjusted revenue per share data for the three months ended in Dec. 2023 was $6.128. 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 $10.03 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Etsy Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Etsy'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.

Etsy Cyclically Adjusted PS Ratio Chart

Etsy 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 - - - - 8.08

Etsy 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 - - 9.01 6.66 8.08

Competitive Comparison of Etsy's Cyclically Adjusted PS Ratio

For the Internet Retail subindustry, Etsy'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.


Etsy's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Etsy's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Etsy 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=69.77/10.03
=6.96

* 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.

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

For example, Etsy'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)
=6.128/129.4194*129.4194
=6.128

Current CPI (Dec. 2023) = 129.4194.

Etsy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.433 99.695 0.562
201406 0.454 100.560 0.584
201409 0.508 100.428 0.655
201412 0.585 99.070 0.764
201503 0.528 99.621 0.686
201506 0.636 100.684 0.818
201509 0.590 100.392 0.761
201512 0.785 99.792 1.018
201603 0.709 100.470 0.913
201606 0.755 101.688 0.961
201609 0.770 101.861 0.978
201612 0.956 101.863 1.215
201703 0.837 102.862 1.053
201706 0.842 103.349 1.054
201709 0.863 104.136 1.073
201712 1.090 104.011 1.356
201803 0.961 105.290 1.181
201806 1.054 106.317 1.283
201809 1.165 106.507 1.416
201812 1.552 105.998 1.895
201903 1.300 107.251 1.569
201906 1.384 108.070 1.657
201909 1.568 108.329 1.873
201912 2.187 108.420 2.611
202003 1.852 108.902 2.201
202006 3.190 108.767 3.796
202009 3.282 109.815 3.868
202012 4.331 109.897 5.100
202103 3.805 111.754 4.406
202106 3.651 114.631 4.122
202109 3.612 115.734 4.039
202112 4.809 117.630 5.291
202203 3.949 121.301 4.213
202206 4.016 125.017 4.157
202209 4.705 125.227 4.863
202212 6.399 125.222 6.614
202303 4.483 127.348 4.556
202306 4.460 128.729 4.484
202309 4.581 129.860 4.565
202312 6.128 129.419 6.128

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.


Etsy  (NAS:ETSY) 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.


Etsy Cyclically Adjusted PS Ratio Related Terms

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


Etsy (ETSY) Business Description

Address
117 Adams Street, Brooklyn, NY, USA, 11201
Etsy operates a top-10 e-commerce marketplace operator in the U.S. and the U.K., with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.3 billion in 2022 consolidated gross merchandise volume, the firm has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2022, the firm connected more than 95 million buyers and 7.5 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).
Executives
Josh Silverman director, officer: President & CEO 117 ADAMS STREET, BROOKLYN NY 11201
Ryan M. Scott officer: Chief Marketing Officer 117 ADAMS STREET, C/O ETSY, INC., BROOKLYN NY 11249
Merilee Buckley officer: Chief Accounting Officer 117 ADAMS ST. C/O ETSY, INC., BROOKLYN NY 11201
Marla J Blow director 412 ETHAN ALLEN DRIVE, TAKOMA PARK MD 20912
Nicholas Daniel officer: Chief Product Officer C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Andy Ballard director ONE MARITIME PLAZA, SUITE 1350, SAN FRANCISCO CA 94111
Rachel C Glaser officer: Chief Financial Officer C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Stretch Colin officer: Chief Legal Officewr C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Rachana Kumar officer: Chief Technology Officer C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Melissa Reiff director C/O THE CONTAINER STORE GROUP, INC., 500 FREEPORT PARKWAY, COPPELL TX 75019
Raina Moskowitz officer: Chief Ops,Strategy&Ppl Officer 117 ADAMS STREET, C/O ETSY,INC., BROOKLYN NY 11201
Michael T Fisher officer: Chief Technology Officer 117 ADAMS STREET, C/O ETSY, INC., BROOKLYN NY 11201
Frederick R Wilson director, 10 percent owner
Kimaria Seymour officer: Chief Human Resources Officer C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Goyal Kruti Patel officer: Chief Product Officer 117 ADAMS STREET, C/O ETSY, INC., BROOKLYN NY 11201

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