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Honeywell International (Honeywell International) Cyclically Adjusted PS Ratio : 3.21 (As of Apr. 29, 2024)


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What is Honeywell International Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Honeywell International's current share price is $193.77. Honeywell International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $60.40. Honeywell International's Cyclically Adjusted PS Ratio for today is 3.21.

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

HON' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.61   Med: 2.8   Max: 4.26
Current: 3.2

During the past years, Honeywell International's highest Cyclically Adjusted PS Ratio was 4.26. The lowest was 1.61. And the median was 2.80.

HON's Cyclically Adjusted PS Ratio is ranked worse than
84.39% of 442 companies
in the Conglomerates industry
Industry Median: 0.74 vs HON: 3.20

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.

Honeywell International's adjusted revenue per share data for the three months ended in Mar. 2024 was $13.867. 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 $60.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Honeywell International Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Honeywell International'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.

Honeywell International Cyclically Adjusted PS Ratio Chart

Honeywell International 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 3.32 3.96 3.67 3.60 3.46

Honeywell International 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 3.17 3.41 3.02 3.46 3.40

Competitive Comparison of Honeywell International's Cyclically Adjusted PS Ratio

For the Conglomerates subindustry, Honeywell International'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.


Honeywell International's Cyclically Adjusted PS Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Honeywell International's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Honeywell International 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.

Honeywell International's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=193.77/60.4
=3.21

* 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.

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

For example, Honeywell International'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)
=13.867/129.4194*129.4194
=13.867

Current CPI (Mar. 2024) = 129.4194.

Honeywell International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 12.890 100.560 16.589
201409 12.714 100.428 16.384
201412 12.929 99.070 16.890
201503 11.603 99.621 15.074
201506 12.328 100.684 15.846
201509 12.174 100.392 15.694
201512 12.783 99.792 16.578
201603 12.214 100.470 15.733
201606 12.893 101.688 16.409
201609 12.660 101.861 16.085
201612 12.929 101.863 16.427
201703 12.265 102.862 15.432
201706 13.021 103.349 16.306
201709 13.120 104.136 16.305
201712 14.098 104.011 17.542
201803 13.656 105.290 16.786
201806 14.462 106.317 17.605
201809 14.311 106.507 17.390
201812 13.077 105.998 15.967
201903 12.025 107.251 14.511
201906 12.610 108.070 15.101
201909 12.503 108.329 14.937
201912 13.138 108.420 15.683
202003 11.803 108.902 14.027
202006 10.559 108.767 12.564
202009 10.988 109.815 12.950
202012 12.535 109.897 14.762
202103 12.000 111.754 13.897
202106 12.538 114.631 14.155
202109 12.123 115.734 13.556
202112 12.445 117.630 13.692
202203 12.116 121.301 12.927
202206 13.070 125.017 13.530
202209 13.171 125.227 13.612
202212 13.579 125.222 14.034
202303 13.171 127.348 13.385
202306 13.647 128.729 13.720
202309 13.811 129.860 13.764
202312 14.268 129.419 14.268
202403 13.867 129.419 13.867

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.


Honeywell International  (NAS:HON) 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.


Honeywell International Cyclically Adjusted PS Ratio Related Terms

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


Honeywell International (Honeywell International) Business Description

Address
855 South Mint Street, Charlotte, NC, USA, 28202
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spinoffs of Garrett Technologies and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.
Executives
Darius Adamczyk officer: President and CEO, PMT 855 S. MINT STREET, CHARLOTTE NC 28202
James E Currier officer: President & CEO, Aerospace 855 S. MINT STREET, CHARLOTTE NC 28202
Vimal Kapur officer: President & CEO, HBT C/O HONEYWELL 300 S. TRYON STREET, CHARLOTTE NC 07950
Billal Hammoud officer: President & CEO, HBT 855 S. MINT STREET, CHARLOTTE NC 28202
George Koutsaftes officer: President and CEO, SPS 855 S. MINT STREET, CHARLOTTE NC 28202
Karen Mattimore officer: SrVP, HR and Communications 300 SOUTH TRYON STR, CHARLOTTE NC 28202
Lucian Boldea officer: President and CEO, PMT 855 S. MINT STREET, CHARLOTTE NC 28202
Robin Watson director 855 S. MINT STREET, CHARLOTTE NC 28202
Gregory P Lewis officer: SVP & Chief Financial Officer C/O HONEYWELL INTERNATIONAL INC., 300 SOUTH TRYON STREET, CHARLOTTE NC 28202
Kevin Dehoff officer: President and CEO, HCE 855 S. MINT STREET, CHARLOTTE NC 28202
Rose Lee director C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Que Dallara officer: Pres/CEO -Connected Enterprise C/O HONEYWELL 300 S. TRYON STREET, CHARLOTTE NC 28202
Doug Wright officer: President & CEO, HBT 855 S. MINT STREET, CHARLOTTE NC 28202
D Scott Davis director 115 TABOR ROAD, MORRIS PLAINS NJ 07950
Rajeev Gautam officer: Pres. and CEO, PMT C/O HONEYWELL, 300 S. TRYON STREET, CHARLOTTE NC 28202