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Nokian Tyres (FRA:NRE) Cyclically Adjusted PS Ratio : 0.70 (As of May. 24, 2024)


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What is Nokian Tyres Cyclically Adjusted PS Ratio?

As of today (2024-05-24), Nokian Tyres's current share price is €8.532. Nokian Tyres's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €12.26. Nokian Tyres's Cyclically Adjusted PS Ratio for today is 0.70.

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

FRA:NRE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.57   Med: 2.51   Max: 3.93
Current: 0.74

During the past years, Nokian Tyres's highest Cyclically Adjusted PS Ratio was 3.93. The lowest was 0.57. And the median was 2.51.

FRA:NRE's Cyclically Adjusted PS Ratio is ranked worse than
52.5% of 1000 companies
in the Vehicles & Parts industry
Industry Median: 0.66 vs FRA:NRE: 0.74

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.

Nokian Tyres's adjusted revenue per share data for the three months ended in Mar. 2024 was €1.716. 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 €12.26 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nokian Tyres Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Nokian Tyres'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.

Nokian Tyres Cyclically Adjusted PS Ratio Chart

Nokian Tyres 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 2.31 2.58 2.86 0.78 0.68

Nokian Tyres 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 0.71 0.65 0.61 0.68 0.72

Competitive Comparison of Nokian Tyres's Cyclically Adjusted PS Ratio

For the Auto Parts subindustry, Nokian Tyres'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.


Nokian Tyres's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nokian Tyres's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Nokian Tyres 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.

Nokian Tyres's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.532/12.26
=0.70

* 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.

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

For example, Nokian Tyres'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)
=1.716/122.3600*122.3600
=1.716

Current CPI (Mar. 2024) = 122.3600.

Nokian Tyres Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.696 100.147 3.294
201409 2.414 100.726 2.932
201412 2.853 100.229 3.483
201503 2.112 100.120 2.581
201506 2.594 100.030 3.173
201509 2.331 100.130 2.849
201512 3.134 99.990 3.835
201603 2.047 100.080 2.503
201606 2.499 100.390 3.046
201609 2.345 100.540 2.854
201612 3.377 101.020 4.090
201703 2.401 100.910 2.911
201706 2.874 101.140 3.477
201709 2.492 101.320 3.009
201712 3.558 101.510 4.289
201803 2.434 101.730 2.928
201806 3.090 102.320 3.695
201809 2.584 102.600 3.082
201812 3.428 102.710 4.084
201903 2.463 102.870 2.930
201906 3.018 103.360 3.573
201909 2.564 103.540 3.030
201912 3.422 103.650 4.040
202003 2.017 103.490 2.385
202006 1.965 103.320 2.327
202009 2.526 103.710 2.980
202012 2.990 103.890 3.522
202103 2.473 104.870 2.885
202106 3.033 105.360 3.522
202109 3.209 106.290 3.694
202112 3.740 107.490 4.257
202203 2.336 110.950 2.576
202206 2.401 113.570 2.587
202209 2.470 114.920 2.630
202212 2.617 117.320 2.729
202303 1.710 119.750 1.747
202306 2.126 120.690 2.155
202309 1.972 121.280 1.990
202312 2.669 121.540 2.687
202403 1.716 122.360 1.716

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.


Nokian Tyres  (FRA:NRE) 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.


Nokian Tyres Cyclically Adjusted PS Ratio Related Terms

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


Nokian Tyres (FRA:NRE) Business Description

Address
Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101
Nokian Tyres plc develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres, and Vianor. The passenger car tires segment generates the majority of revenue.

Nokian Tyres (FRA:NRE) Headlines

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