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Becton Dickinson (Becton Dickinson) Cyclically Adjusted PS Ratio : 3.32 (As of Apr. 27, 2024)


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What is Becton Dickinson Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Becton Dickinson's current share price is $231.55. Becton Dickinson's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $69.72. Becton Dickinson's Cyclically Adjusted PS Ratio for today is 3.32.

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

BDX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.11   Med: 4.19   Max: 5.57
Current: 3.32

During the past years, Becton Dickinson's highest Cyclically Adjusted PS Ratio was 5.57. The lowest was 3.11. And the median was 4.19.

BDX's Cyclically Adjusted PS Ratio is ranked worse than
62.28% of 464 companies
in the Medical Devices & Instruments industry
Industry Median: 2.135 vs BDX: 3.32

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.

Becton Dickinson's adjusted revenue per share data for the three months ended in Dec. 2023 was $16.150. 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 $69.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Becton Dickinson Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Becton Dickinson'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.

Becton Dickinson Cyclically Adjusted PS Ratio Chart

Becton Dickinson Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.88 4.25 4.06 3.39 3.71

Becton Dickinson Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 3.84 3.66 3.84 3.71 3.50

Competitive Comparison of Becton Dickinson's Cyclically Adjusted PS Ratio

For the Medical Instruments & Supplies subindustry, Becton Dickinson'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.


Becton Dickinson's Cyclically Adjusted PS Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Becton Dickinson's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Becton Dickinson 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.

Becton Dickinson's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=231.55/69.72
=3.32

* 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.

Becton Dickinson's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Becton Dickinson's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=16.15/129.4194*129.4194
=16.150

Current CPI (Dec. 2023) = 129.4194.

Becton Dickinson Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 10.492 99.695 13.620
201406 10.949 100.560 14.091
201409 11.155 100.428 14.375
201412 10.411 99.070 13.600
201503 10.258 99.621 13.326
201506 14.516 100.684 18.659
201509 14.080 100.392 18.151
201512 13.805 99.792 17.904
201603 14.164 100.470 18.245
201606 14.712 101.688 18.724
201609 14.773 101.861 18.770
201612 13.420 101.863 17.050
201703 13.628 102.862 17.147
201706 13.745 103.349 17.212
201709 13.580 104.136 16.877
201712 13.389 104.011 16.660
201803 15.793 105.290 19.412
201806 15.617 106.317 19.011
201809 15.955 106.507 19.387
201812 15.168 105.998 18.520
201903 15.544 107.251 18.757
201906 15.856 108.070 18.988
201909 16.635 108.329 19.874
201912 15.366 108.420 18.342
202003 15.463 108.902 18.376
202006 13.519 108.767 16.086
202009 12.728 109.815 15.000
202012 18.133 109.897 21.354
202103 16.716 111.754 19.358
202106 15.783 114.631 17.819
202109 16.774 115.734 18.757
202112 16.455 117.630 18.104
202203 16.533 121.301 17.640
202206 16.154 125.017 16.723
202209 16.579 125.227 17.134
202212 16.072 125.222 16.611
202303 16.878 127.348 17.153
202306 16.941 128.729 17.032
202309 17.275 129.860 17.216
202312 16.150 129.419 16.150

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.


Becton Dickinson  (NYSE:BDX) 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.


Becton Dickinson Cyclically Adjusted PS Ratio Related Terms

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


Becton Dickinson (Becton Dickinson) Business Description

Address
1 Becton Drive, Franklin Lakes, NJ, USA, 07417-1880
Becton, Dickinson is the world's largest manufacturer and distributor of medical surgical products, such as needles, syringes, and sharps-disposal units. The company also manufactures pre-filled devices, diagnostic instruments and reagents, as well as flow cytometry and cell-imaging systems. BD Medical is nearly half of the total business, while BD Life Sciences (26% of estimated 2023 revenue) and BD Interventional (25%) account for the remainder. International revenue accounts for 43% of the company's business.
Executives
Michael David Garrison officer: EVP and President Medical BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417
Richard Byrd officer: EVP & President Interventional BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417
Claire Fraser director C/O BECTON, DICKINSON AND COMPANY, FRANKLIN LAKES NJ 07465
David Hickey officer: EVP & President, Life Sciences BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417
Joanne Waldstreicher director C/O STRUCTURE THERAPEUTICS INC., 611 GATEWAY BLVD, SUITE 223, SOUTH SAN FRANCISCO CA 94080
Michelle Quinn officer: EVP and Acting General Counsel 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417
David Shan officer: EVP, Integrated Supply Chain 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417
Roland Goette officer: EVP and President, EMEA BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417
Christopher Delorefice officer: EVP & CFO BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417
Polen Thomas E Jr officer: Executive Vice President BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417
Samrat S. Khichi officer: EVP and General Counsel C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08873
Rishi Grover officer: EVP and Chief ISC Officer BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417
Pavan Kumar Mocherla officer: EVP and President Greater Asia BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417
James C Lim officer: Executive Vice President BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417
Thomas J Spoerel officer: VP Controller & Chief Acct Off BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417

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