GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Melrose Industries PLC (OTCPK:MLSPF) » Definitions » Cyclically Adjusted PS Ratio

Melrose Industries (Melrose Industries) Cyclically Adjusted PS Ratio : 1.45 (As of May. 18, 2024)


View and export this data going back to 2013. Start your Free Trial

What is Melrose Industries Cyclically Adjusted PS Ratio?

As of today (2024-05-18), Melrose Industries's current share price is $7.75. Melrose Industries's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was $5.35. Melrose Industries's Cyclically Adjusted PS Ratio for today is 1.45.

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

MLSPF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.66   Max: 1.58
Current: 1.45

During the past 13 years, Melrose Industries's highest Cyclically Adjusted PS Ratio was 1.58. The lowest was 0.12. And the median was 0.66.

MLSPF's Cyclically Adjusted PS Ratio is ranked worse than
50.25% of 2193 companies
in the Industrial Products industry
Industry Median: 1.44 vs MLSPF: 1.45

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.

Melrose Industries's adjusted revenue per share data of for the fiscal year that ended in Dec23 was $3.018. 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 $5.35 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Melrose Industries Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Melrose Industries'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.

Melrose Industries Cyclically Adjusted PS Ratio Chart

Melrose Industries 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 1.04 0.84 0.70 0.61 1.33

Melrose Industries Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.70 - 0.61 - 1.33

Competitive Comparison of Melrose Industries's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, Melrose Industries'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.


Melrose Industries's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Melrose Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Melrose Industries 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.

Melrose Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.75/5.35
=1.45

* 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.

Melrose Industries's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Melrose Industries's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=3.018/130.5000*130.5000
=3.018

Current CPI (Dec23) = 130.5000.

Melrose Industries Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 2.130 99.900 2.782
201512 1.640 100.400 2.132
201612 2.329 102.200 2.974
201712 4.816 105.000 5.986
201812 8.688 107.100 10.586
201912 9.862 108.500 11.862
202012 6.577 109.400 7.846
202112 5.651 114.700 6.429
202212 2.559 125.300 2.665
202312 3.018 130.500 3.018

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.


Melrose Industries  (OTCPK:MLSPF) 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.


Melrose Industries Cyclically Adjusted PS Ratio Related Terms

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


Melrose Industries (Melrose Industries) Business Description

Traded in Other Exchanges
Address
5 Stratton Street, Stratton House, London, GBR, W1J 8LA
Melrose Industries PLC owns manufacturing and industrial businesses operating in several different geographical regions and sectors. Its operating segments consist of Aerospace; Automotive; Powder Metallurgy and Other Industrial segment. The aerospace segment is a multi-technology supplier of both civil and defense air frames and engine structures. The automotive segment is a technology and systems engineer which designs, develops, manufactures, and integrates an extensive range of driveline technologies, including electric vehicle components. The powder Metallurgy segment provides precision powder metal parts for the automotive and industrial sectors, as well as the production of powder metal. Other Industrial segment comprises the Group's Ergotron business.

Melrose Industries (Melrose Industries) Headlines

From GuruFocus

Melrose Industries: Aerospace Is Improving

By The City Letter 07-12-2022

When the Facts Change, We Change Our Minds (Anatomy of a Sale)

By Vitaliy Katsenelson Vitaliy Katsenelson 07-07-2020

Invesco European Growth Fund's 1st-Quarter Buys

By Margaret Moran Margaret Moran 04-01-2020

Invesco European Growth Fund 4th-Quarter Performance Commentary

By Sydnee Gatewood Sydnee Gatewood 01-24-2020