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La-Z-Boy (La-Z-Boy) Cyclically Adjusted PS Ratio : 0.76 (As of Apr. 29, 2024)


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What is La-Z-Boy Cyclically Adjusted PS Ratio?

As of today (2024-04-29), La-Z-Boy's current share price is $33.41. La-Z-Boy's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was $44.25. La-Z-Boy's Cyclically Adjusted PS Ratio for today is 0.76.

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

LZB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.95   Max: 1.42
Current: 0.75

During the past years, La-Z-Boy's highest Cyclically Adjusted PS Ratio was 1.42. The lowest was 0.55. And the median was 0.95.

LZB's Cyclically Adjusted PS Ratio is ranked better than
52.88% of 312 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.82 vs LZB: 0.75

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.

La-Z-Boy's adjusted revenue per share data for the three months ended in Jan. 2024 was $11.585. 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 $44.25 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


La-Z-Boy Cyclically Adjusted PS Ratio Historical Data

The historical data trend for La-Z-Boy'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.

La-Z-Boy Cyclically Adjusted PS Ratio Chart

La-Z-Boy Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 0.76 1.34 0.68 0.67

La-Z-Boy Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.68 0.67 0.72 0.66 0.79

Competitive Comparison of La-Z-Boy's Cyclically Adjusted PS Ratio

For the Furnishings, Fixtures & Appliances subindustry, La-Z-Boy'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.


La-Z-Boy's Cyclically Adjusted PS Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La-Z-Boy's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where La-Z-Boy's Cyclically Adjusted PS Ratio falls into.



La-Z-Boy 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.

La-Z-Boy's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=33.41/44.25
=0.76

* 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.

La-Z-Boy's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, La-Z-Boy's adjusted Revenue per Share data for the three months ended in Jan. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=11.585/129.4194*129.4194
=11.585

Current CPI (Jan. 2024) = 129.4194.

La-Z-Boy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 6.398 100.023 8.278
201407 6.213 100.520 7.999
201410 6.934 100.176 8.958
201501 6.864 98.604 9.009
201504 7.243 99.824 9.390
201507 6.689 100.691 8.597
201510 7.502 100.346 9.676
201601 7.598 99.957 9.837
201604 8.272 100.947 10.605
201607 6.871 101.524 8.759
201610 7.606 101.988 9.652
201701 7.897 102.456 9.975
201704 8.374 103.167 10.505
201707 7.310 103.278 9.160
201710 8.141 104.070 10.124
201801 8.661 104.578 10.718
201804 8.831 105.708 10.812
201807 8.157 106.324 9.929
201810 9.296 106.695 11.276
201901 9.929 106.200 12.100
201904 9.514 107.818 11.420
201907 8.777 108.250 10.493
201910 9.540 108.577 11.371
202001 10.215 108.841 12.146
202004 7.925 108.173 9.482
202007 6.210 109.318 7.352
202010 9.911 109.861 11.675
202101 10.043 110.364 11.777
202104 11.233 112.673 12.903
202107 11.558 115.183 12.987
202110 12.964 116.696 14.377
202201 13.000 118.619 14.184
202204 15.826 121.978 16.791
202207 14.002 125.002 14.497
202210 14.157 125.734 14.572
202301 13.277 126.223 13.613
202304 12.866 127.992 13.009
202307 11.115 128.974 11.153
202310 11.784 129.810 11.749
202401 11.585 129.419 11.585

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.


La-Z-Boy  (NYSE:LZB) 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.


La-Z-Boy Cyclically Adjusted PS Ratio Related Terms

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


La-Z-Boy (La-Z-Boy) Business Description

Traded in Other Exchanges
Address
One La-Z-Boy Drive, Monroe, MI, USA, 48162-5138
La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment. Some of the core brands of the firm include England, Kincaid, American Drew, and Hammary.
Executives
Janet Kerr director 50 CASTILIAN DR, GOLETA CA 93117
Raza Syed Haider director ONE LA-Z-BOY DRIVE, MONROE MI 48162
Rebecca M Reeder officer: Pres., Retail LZB Furn. Gall. 1 LA-Z-BOY DRIVE, MONROE MI 48162
Mark Stephen Lavigne director 533 MARYVILLE UNIVERSITY DRIVE, ST. LOUIS MO 63141
Katherine E. Vanderjagt officer: VP & Chief HR Officer 1 LA-Z-BOY DRIVE, MONROE MI 48162
Robert Ii Sundy officer: SVP & Chief Commercial Officer 1 LA-Z-BOY DRIVE, MONROE MI 48162
Carol Young Lee officer: VP & Chief Information Officer 1 LA-Z-BOY DRIVE, MONROE MI 48162
Terrence James Linz officer: President, La-Z-Boy Retail 1 LA-Z-BOY DRIVE, MONROE MI 48162
Bryan Keith Wilson officer: President Int'l & Joybird 6 BELL STREET, MAIDENHEAD, BERKS X0 SL6 1BU
Michael Adam Leggett officer: Sr VP & Chief Supply Chain Off 1 LA-Z-BOY DRIVE, MONROE MI 48162
Kurt L Darrow director, officer: Chairman, President & CEO ONE LA-Z-BOY DRIVE, MONROE MI 48162
Erika L. Alexander director 10400 FERNWOOD RD., BETHESDA MD 20817
Otis S Sawyer officer: Senior Vice President ONE LA-Z-BOY DRIVE, MONROE MI 48162
Raphaell Z. Richmond officer: VP, GC & Chief Compliance Off ONE LA-Z-BOY DRIVE, MONROE MI 48162
Jennifer Lynn Mccurry officer: Chief Accounting Officer ONE LA-Z-BOY DRIVE, MONROE MI 48162