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PACCAR (WBO:PCAR) Cyclically Adjusted PS Ratio : 2.03 (As of May. 23, 2024)


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What is PACCAR Cyclically Adjusted PS Ratio?

As of today (2024-05-23), PACCAR's current share price is €98.65. PACCAR's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €48.66. PACCAR's Cyclically Adjusted PS Ratio for today is 2.03.

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

WBO:PCAR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.42   Max: 2.43
Current: 2.06

During the past years, PACCAR's highest Cyclically Adjusted PS Ratio was 2.43. The lowest was 0.94. And the median was 1.42.

WBO:PCAR's Cyclically Adjusted PS Ratio is ranked worse than
76.61% of 171 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.06 vs WBO:PCAR: 2.06

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.

PACCAR's adjusted revenue per share data for the three months ended in Mar. 2024 was €15.285. 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 €48.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PACCAR Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PACCAR'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.

PACCAR Cyclically Adjusted PS Ratio Chart

PACCAR 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 1.42 1.47 1.38 1.40 1.91

PACCAR 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 1.51 1.69 1.68 1.91 2.36

Competitive Comparison of PACCAR's Cyclically Adjusted PS Ratio

For the Farm & Heavy Construction Machinery subindustry, PACCAR'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.


PACCAR's Cyclically Adjusted PS Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, PACCAR's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



PACCAR 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=98.65/48.66
=2.03

* 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.

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

For example, PACCAR'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)
=15.285/131.7762*131.7762
=15.285

Current CPI (Mar. 2024) = 131.7762.

PACCAR Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.293 100.560 8.247
201409 7.156 100.428 9.390
201412 7.779 99.070 10.347
201503 8.360 99.621 11.058
201506 8.469 100.684 11.084
201509 8.090 100.392 10.619
201512 7.527 99.792 9.939
201603 7.328 100.470 9.611
201606 7.447 101.688 9.650
201609 7.175 101.861 9.282
201612 7.313 101.863 9.461
201703 7.490 102.862 9.595
201706 7.914 103.349 10.091
201709 8.019 104.136 10.147
201712 8.700 104.011 11.022
201803 8.648 105.290 10.823
201806 9.398 106.317 11.649
201809 9.357 106.507 11.577
201812 10.523 105.998 13.082
201903 11.005 107.251 13.522
201906 11.247 108.070 13.714
201909 11.101 108.329 13.504
201912 10.571 108.420 12.848
202003 8.967 108.902 10.851
202006 5.227 108.767 6.333
202009 8.037 109.815 9.644
202012 8.770 109.897 10.516
202103 9.396 111.754 11.079
202106 9.279 114.631 10.667
202109 8.374 115.734 9.535
202112 11.314 117.630 12.675
202203 11.231 121.301 12.201
202206 12.944 125.017 13.644
202209 13.624 125.227 14.337
202212 14.654 125.222 15.421
202303 15.092 127.348 15.617
202306 15.620 128.729 15.990
202309 15.512 129.860 15.741
202312 15.836 129.419 16.124
202403 15.285 131.776 15.285

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.


PACCAR  (WBO:PCAR) 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.


PACCAR Cyclically Adjusted PS Ratio Related Terms

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


PACCAR (WBO:PCAR) Business Description

Traded in Other Exchanges
Address
777-106th Avenue N.E., Bellevue, WA, USA, 98004
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. The company's trucks are sold through over 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.

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