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Ingles Markets (FRA:IN3A) Cyclically Adjusted PS Ratio : 0.27 (As of May. 24, 2024)


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What is Ingles Markets Cyclically Adjusted PS Ratio?

As of today (2024-05-24), Ingles Markets's current share price is €68.00. Ingles Markets's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €251.27. Ingles Markets's Cyclically Adjusted PS Ratio for today is 0.27.

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

FRA:IN3A' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.24   Max: 0.42
Current: 0.27

During the past years, Ingles Markets's highest Cyclically Adjusted PS Ratio was 0.42. The lowest was 0.13. And the median was 0.24.

FRA:IN3A's Cyclically Adjusted PS Ratio is ranked better than
59.65% of 228 companies
in the Retail - Defensive industry
Industry Median: 0.4 vs FRA:IN3A: 0.27

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.

Ingles Markets's adjusted revenue per share data for the three months ended in Mar. 2024 was €66.236. 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 €251.27 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ingles Markets Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ingles Markets'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.

Ingles Markets Cyclically Adjusted PS Ratio Chart

Ingles Markets Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.19 0.31 0.33 0.29

Ingles Markets 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 0.35 0.32 0.29 0.33 0.28

Competitive Comparison of Ingles Markets's Cyclically Adjusted PS Ratio

For the Grocery Stores subindustry, Ingles Markets'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.


Ingles Markets's Cyclically Adjusted PS Ratio Distribution in the Retail - Defensive Industry

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

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



Ingles Markets 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.

Ingles Markets's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=68.00/251.27
=0.27

* 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.

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

For example, Ingles Markets'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)
=66.236/131.7762*131.7762
=66.236

Current CPI (Mar. 2024) = 131.7762.

Ingles Markets Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 31.634 100.560 41.454
201409 33.794 100.428 44.343
201412 38.608 99.070 51.354
201503 41.746 99.621 55.221
201506 41.602 100.684 54.449
201509 41.904 100.392 55.004
201512 43.096 99.792 56.908
201603 40.969 100.470 53.735
201606 42.048 101.688 54.489
201609 42.324 101.861 54.754
201612 45.985 101.863 59.489
201703 43.665 102.862 55.939
201706 43.244 103.349 55.139
201709 45.114 104.136 57.089
201712 42.283 104.011 53.570
201803 39.412 105.290 49.327
201806 43.720 106.317 54.190
201809 44.825 106.507 55.460
201812 46.069 105.998 57.273
201903 43.763 107.251 53.771
201906 46.402 108.070 56.581
201909 48.228 108.329 58.666
201912 36.850 108.420 44.788
202003 51.168 108.902 61.916
202006 52.140 108.767 63.170
202009 50.168 109.815 60.201
202012 48.299 109.897 57.915
202103 49.249 111.754 58.072
202106 55.823 114.631 64.172
202109 59.763 115.734 68.047
202112 64.748 117.630 72.535
202203 65.833 121.301 71.518
202206 72.624 125.017 76.551
202209 77.211 125.227 81.249
202212 74.218 125.222 78.103
202303 67.889 127.348 70.250
202306 69.678 128.729 71.328
202309 78.190 129.860 79.344
202312 71.503 129.419 72.805
202403 66.236 131.776 66.236

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.


Ingles Markets  (FRA:IN3A) 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.


Ingles Markets Cyclically Adjusted PS Ratio Related Terms

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


Ingles Markets (FRA:IN3A) Business Description

Traded in Other Exchanges
Address
2913 U.S. Highway 70 West, Black Mountain, NC, USA, 28711
Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.

Ingles Markets (FRA:IN3A) Headlines

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