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Hexcel (FRA:HXL) Cyclically Adjusted PS Ratio : 2.90 (As of May. 20, 2024)


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What is Hexcel Cyclically Adjusted PS Ratio?

As of today (2024-05-20), Hexcel's current share price is €66.50. Hexcel's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €22.91. Hexcel's Cyclically Adjusted PS Ratio for today is 2.90.

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

FRA:HXL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.33   Med: 2.86   Max: 4.34
Current: 2.89

During the past years, Hexcel's highest Cyclically Adjusted PS Ratio was 4.34. The lowest was 1.33. And the median was 2.86.

FRA:HXL's Cyclically Adjusted PS Ratio is ranked worse than
71.03% of 214 companies
in the Aerospace & Defense industry
Industry Median: 1.52 vs FRA:HXL: 2.89

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.

Hexcel's adjusted revenue per share data for the three months ended in Mar. 2024 was €5.124. 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 €22.91 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hexcel Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hexcel'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.

Hexcel Cyclically Adjusted PS Ratio Chart

Hexcel 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 3.59 2.30 2.31 2.48 3.01

Hexcel 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 2.82 3.11 2.65 3.01 2.92

Competitive Comparison of Hexcel's Cyclically Adjusted PS Ratio

For the Aerospace & Defense subindustry, Hexcel'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.


Hexcel's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Hexcel's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Hexcel 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=66.50/22.91
=2.90

* 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.

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

For example, Hexcel'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)
=5.124/131.7762*131.7762
=5.124

Current CPI (Mar. 2024) = 131.7762.

Hexcel Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.488 100.560 4.571
201409 3.589 100.428 4.709
201412 3.937 99.070 5.237
201503 4.453 99.621 5.890
201506 4.316 100.684 5.649
201509 4.110 100.392 5.395
201512 4.460 99.792 5.889
201603 4.715 100.470 6.184
201606 4.917 101.688 6.372
201609 4.739 101.861 6.131
201612 4.929 101.863 6.376
201703 4.819 102.862 6.174
201706 4.753 103.349 6.060
201709 4.512 104.136 5.710
201712 4.736 104.011 6.000
201803 4.803 105.290 6.011
201806 5.213 106.317 6.461
201809 5.258 106.507 6.505
201812 5.675 105.998 7.055
201903 6.276 107.251 7.711
201906 6.252 108.070 7.623
201909 6.038 108.329 7.345
201912 5.982 108.420 7.271
202003 5.808 108.902 7.028
202006 4.018 108.767 4.868
202009 2.900 109.815 3.480
202012 2.891 109.897 3.467
202103 3.103 111.754 3.659
202106 3.139 114.631 3.608
202109 3.350 115.734 3.814
202112 3.703 117.630 4.148
202203 4.177 121.301 4.538
202206 4.374 125.017 4.610
202209 4.328 125.227 4.554
202212 4.769 125.222 5.019
202303 5.000 127.348 5.174
202306 4.899 128.729 5.015
202309 4.592 129.860 4.660
202312 4.907 129.419 4.996
202403 5.124 131.776 5.124

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.


Hexcel  (FRA:HXL) 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.


Hexcel Cyclically Adjusted PS Ratio Related Terms

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


Hexcel (FRA:HXL) Business Description

Traded in Other Exchanges
Address
281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, USA, 06901
Founded in 1948, Hexcel designs and manufactures a range of high-performance composite fibers, fabrics, resins, and structures for use in commercial aerospace, defense, and other industrial markets. These are engineered to be lighter than metal and perform under rigorous conditions in aircraft frames, wings, engines, and other components and subassemblies. The company's name derives from the six-sided honeycomb structures that lend many of its products their light weight and rigidity. Hexcel's biggest customers are Airbus (38% of 2022 sales) and Boeing (25% of prepandemic sales) and its respective subcontractors.

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