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CNO Financial Group (CNO Financial Group) Cyclically Adjusted PS Ratio : 0.86 (As of Apr. 28, 2024)


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What is CNO Financial Group Cyclically Adjusted PS Ratio?

As of today (2024-04-28), CNO Financial Group's current share price is $26.40. CNO Financial Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $30.68. CNO Financial Group's Cyclically Adjusted PS Ratio for today is 0.86.

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

CNO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.82   Max: 1.26
Current: 0.86

During the past years, CNO Financial Group's highest Cyclically Adjusted PS Ratio was 1.26. The lowest was 0.43. And the median was 0.82.

CNO's Cyclically Adjusted PS Ratio is ranked better than
55.2% of 404 companies
in the Insurance industry
Industry Median: 0.975 vs CNO: 0.86

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.

CNO Financial Group's adjusted revenue per share data for the three months ended in Dec. 2023 was $10.299. 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 $30.68 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CNO Financial Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CNO Financial Group'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.

CNO Financial Group Cyclically Adjusted PS Ratio Chart

CNO Financial Group 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 0.84 0.97 0.92 0.80 0.91

CNO Financial Group 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 0.80 0.76 0.79 0.78 0.91

Competitive Comparison of CNO Financial Group's Cyclically Adjusted PS Ratio

For the Insurance - Life subindustry, CNO Financial Group'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.


CNO Financial Group's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, CNO Financial Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



CNO Financial Group 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.

CNO Financial Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.40/30.68
=0.86

* 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.

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

For example, CNO Financial Group'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)
=10.299/129.4194*129.4194
=10.299

Current CPI (Dec. 2023) = 129.4194.

CNO Financial Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 4.924 99.695 6.392
201406 4.921 100.560 6.333
201409 4.488 100.428 5.784
201412 4.479 99.070 5.851
201503 4.781 99.621 6.211
201506 4.844 100.684 6.226
201509 4.702 100.392 6.062
201512 5.159 99.792 6.691
201603 5.273 100.470 6.792
201606 5.609 101.688 7.139
201609 5.781 101.861 7.345
201612 5.737 101.863 7.289
201703 6.116 102.862 7.695
201706 6.155 103.349 7.708
201709 6.316 104.136 7.850
201712 6.406 104.011 7.971
201803 5.940 105.290 7.301
201806 6.229 106.317 7.583
201809 9.001 106.507 10.937
201812 4.742 105.998 5.790
201903 6.307 107.251 7.611
201906 6.134 108.070 7.346
201909 6.080 108.329 7.264
201912 7.060 108.420 8.427
202003 4.918 108.902 5.845
202006 7.046 108.767 8.384
202009 7.151 109.815 8.428
202012 7.666 109.897 9.028
202103 7.362 111.754 8.526
202106 8.019 114.631 9.053
202109 7.505 115.734 8.392
202112 8.597 117.630 9.459
202203 6.966 121.301 7.432
202206 7.290 125.017 7.547
202209 7.809 125.227 8.070
202212 8.346 125.222 8.626
202303 8.783 127.348 8.926
202306 8.844 128.729 8.891
202309 8.278 129.860 8.250
202312 10.299 129.419 10.299

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.


CNO Financial Group  (NYSE:CNO) 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.


CNO Financial Group Cyclically Adjusted PS Ratio Related Terms

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


CNO Financial Group (CNO Financial Group) Business Description

Traded in Other Exchanges
Address
11825 N. Pennsylvania Street, Carmel, IN, USA, 46032
CNO Financial Group Inc is a holding company for a group of insurance companies that offers middle-income American consumers insurance and securities products through exclusive agents, independent producers, and direct marketing. Consumers are served through the phone, online, mail, face-to-face with agents, or sales channels. The company's operating segments include annuity, health, and life insurance product lines as well as the investment and fee revenue segments. Maximum revenue is generated from the health product line segment. Annuity premiums account for the majority of the total premiums collected. Annuity products include fixed index annuities, traditional fixed-rate annuities, and single-premium immediate annuity products.
Executives
Jeanne L. Linnenbringer officer: EVP and COO 11825 N. PENNSYLVANIA ST., CARMEL IN 46032
Tarasi Rocco F Iii officer: Chief Marketing Officer C/O ITT EDUCATIONAL SERVICES INC, 13000 NORTH MERIDIAN STREET, CARMEL IN 46032
John R Kline officer: SVP & CAO 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Yvonne K Franzese officer: EVP and Chief HR Officer 200 LAKE STREET EAST, WAYZATA MN 55391
Karen Detoro officer: Chief Actuary and CRO C/O CNO FINANCIAL GROUP, INC., 11825 NORTH PENNSYLVANIA STREET, CARMEL IN 46032
Scott L. Goldberg officer: President, Consumer Division 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Gary C Bhojwani director, officer: Chief Executive Officer 1 HORMEL PLACE, AUSTIN MN 55912
Steven E Shebik director 2775 SANDERS ROAD, NORTHBROOK IL 60062
Brown Archie M Jr director 255 E FIFTH STREET, CINCINNATI OH 45202
Adrianne Lee director 799 WEST COLISEUM WAY, MIDVALE UT 84047
Matthew J. Zimpfer officer: EVP and General Counsel 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Michael E. Mead officer: EVP and CIO 11825 N. PENNSYLVANIA ST., CARMEL IN 46032
Frederick James Sievert director 260 SOUTH LAKE DRIVE, STAMFORD CT 06903
Chetlur S Ragavan director 230 PARK AVENUE, NEW YORK NY 10169
Dan Maurer director C/O ZAGG INC., 3855 SOUTH 500 WEST, SUITE N, SALT LAKE CITY UT 84115