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CME Group (FRA:MX4A) Cyclically Adjusted PS Ratio : 14.41 (As of May. 16, 2024)


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What is CME Group Cyclically Adjusted PS Ratio?

As of today (2024-05-16), CME Group's current share price is €193.88. CME Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €13.45. CME Group's Cyclically Adjusted PS Ratio for today is 14.41.

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

FRA:MX4A' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.88   Med: 14.21   Max: 20.54
Current: 14.33

During the past years, CME Group's highest Cyclically Adjusted PS Ratio was 20.54. The lowest was 7.88. And the median was 14.21.

FRA:MX4A's Cyclically Adjusted PS Ratio is ranked worse than
88.45% of 580 companies
in the Capital Markets industry
Industry Median: 3.135 vs FRA:MX4A: 14.33

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 €3.804. 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 €13.45 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 14.81

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
=193.88/13.45
=14.41

* 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)
=3.804/131.7762*131.7762
=3.804

Current CPI (Mar. 2024) = 131.7762.

CME Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.604 100.560 2.102
201409 1.760 100.428 2.309
201412 2.025 99.070 2.694
201503 2.308 99.621 3.053
201506 2.163 100.684 2.831
201509 2.241 100.392 2.942
201512 2.209 99.792 2.917
201603 2.478 100.470 3.250
201606 2.382 101.688 3.087
201609 2.211 101.861 2.860
201612 2.550 101.863 3.299
201703 2.556 102.862 3.274
201706 2.420 103.349 3.086
201709 2.196 104.136 2.779
201712 2.233 104.011 2.829
201803 2.639 105.290 3.303
201806 2.661 106.317 3.298
201809 2.272 106.507 2.811
201812 3.086 105.998 3.837
201903 2.916 107.251 3.583
201906 3.145 108.070 3.835
201909 3.236 108.329 3.936
201912 2.859 108.420 3.475
202003 3.843 108.902 4.650
202006 2.929 108.767 3.549
202009 2.559 109.815 3.071
202012 2.518 109.897 3.019
202103 2.934 111.754 3.460
202106 2.727 114.631 3.135
202109 2.628 115.734 2.992
202112 2.828 117.630 3.168
202203 3.404 121.301 3.698
202206 3.258 125.017 3.434
202209 3.451 125.227 3.631
202212 3.175 125.222 3.341
202303 3.747 127.348 3.877
202306 3.493 128.729 3.576
202309 3.486 129.860 3.537
202312 3.670 129.419 3.737
202403 3.804 131.776 3.804

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  (FRA:MX4A) 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 (FRA:MX4A) 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.

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