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Netflix (UKEX:NFLX) Cyclically Adjusted PS Ratio : 12.05 (As of May. 26, 2024)


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What is Netflix Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Netflix's current share price is ₴14674.00. Netflix's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₴1,217.74. Netflix's Cyclically Adjusted PS Ratio for today is 12.05.

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

UKEX:NFLX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.83   Med: 14.05   Max: 31.77
Current: 12.83

During the past years, Netflix's highest Cyclically Adjusted PS Ratio was 31.77. The lowest was 4.83. And the median was 14.05.

UKEX:NFLX's Cyclically Adjusted PS Ratio is ranked worse than
98.45% of 710 companies
in the Media - Diversified industry
Industry Median: 0.885 vs UKEX:NFLX: 12.83

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.

Netflix's adjusted revenue per share data for the three months ended in Mar. 2024 was ₴850.603. 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 ₴1,217.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Netflix Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Netflix'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.

Netflix Cyclically Adjusted PS Ratio Chart

Netflix 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 16.37 21.73 18.67 7.32 10.19

Netflix 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 8.14 9.92 8.15 10.19 12.05

Competitive Comparison of Netflix's Cyclically Adjusted PS Ratio

For the Entertainment subindustry, Netflix'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.


Netflix's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Netflix's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Netflix 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.

Netflix's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14674.00/1217.74
=12.05

* 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.

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

For example, Netflix'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)
=850.603/131.7762*131.7762
=850.603

Current CPI (Mar. 2024) = 131.7762.

Netflix Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 124.556 100.560 163.222
201409 130.576 100.428 171.335
201412 137.620 99.070 183.053
201503 145.383 99.621 192.309
201506 151.200 100.684 197.892
201509 159.259 100.392 209.047
201512 166.789 99.792 220.245
201603 179.199 100.470 235.036
201606 192.627 101.688 249.623
201609 209.440 101.861 270.950
201612 225.710 101.863 291.993
201703 237.297 102.862 304.000
201706 250.240 103.349 319.071
201709 267.494 104.136 338.495
201712 293.938 104.011 372.403
201803 329.452 105.290 412.329
201806 346.908 106.317 429.981
201809 354.797 106.507 438.975
201812 372.080 105.998 462.568
201903 401.069 107.251 492.784
201906 436.479 108.070 532.227
201909 465.671 108.329 566.461
201912 485.622 108.420 590.236
202003 511.020 108.902 618.359
202006 543.000 108.767 657.868
202009 566.951 109.815 680.333
202012 585.080 109.897 701.564
202103 630.287 111.754 743.209
202106 646.719 114.631 743.445
202109 659.496 115.734 750.909
202112 678.098 117.630 759.649
202203 696.334 121.301 756.467
202206 709.806 125.017 748.184
202209 705.564 125.227 742.467
202212 696.987 125.222 733.469
202303 723.236 127.348 748.386
202306 726.880 128.729 744.088
202309 760.972 129.860 772.204
202312 797.501 129.419 812.024
202403 850.603 131.776 850.603

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.


Netflix  (UKEX:NFLX) 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.


Netflix Cyclically Adjusted PS Ratio Related Terms

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


Netflix (UKEX:NFLX) Business Description

Address
121 Albright Way, Los Gatos, CA, USA, 95032
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with almost 250 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

Netflix (UKEX:NFLX) Headlines