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Electro Rent (Electro Rent) Cyclically Adjusted PS Ratio : (As of May. 16, 2024)


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What is Electro Rent Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Electro Rent Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Electro Rent'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.

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Electro Rent Cyclically Adjusted PS Ratio Chart

Electro Rent Annual Data
Trend May06 May07 May08 May09 May10 May11 May12 May13 May14 May15
Cyclically Adjusted PS Ratio
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Electro Rent Quarterly Data
May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16
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Competitive Comparison of Electro Rent's Cyclically Adjusted PS Ratio

For the Rental & Leasing Services subindustry, Electro Rent'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.


Electro Rent's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Electro Rent's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Electro Rent 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.

Electro Rent's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2016 is calculated as:

For example, Electro Rent's adjusted Revenue per Share data for the three months ended in Feb. 2016 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2016 (Change)*Current CPI (Feb. 2016)
=1.616/100.0397*100.0397
=1.616

Current CPI (Feb. 2016) = 100.0397.

Electro Rent Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200605 1.202 85.437 1.407
200608 1.157 86.028 1.345
200611 1.212 85.015 1.426
200702 1.174 85.858 1.368
200705 1.267 87.736 1.445
200708 1.329 87.722 1.516
200711 1.355 88.676 1.529
200802 1.350 89.316 1.512
200805 1.544 91.399 1.690
200808 1.345 92.435 1.456
200811 1.389 89.624 1.550
200902 1.232 89.527 1.377
200905 1.201 90.228 1.332
200908 1.345 91.063 1.478
200911 1.527 91.272 1.674
201002 1.377 91.445 1.506
201005 1.835 92.052 1.994
201008 2.114 92.108 2.296
201011 2.213 92.315 2.398
201102 2.467 93.373 2.643
201105 2.708 95.337 2.842
201108 2.430 95.582 2.543
201111 2.553 95.449 2.676
201202 2.485 96.053 2.588
201205 2.823 96.961 2.913
201208 2.416 97.199 2.487
201211 2.691 97.133 2.772
201302 2.666 97.953 2.723
201305 2.487 98.282 2.531
201308 2.473 98.675 2.507
201311 2.377 98.334 2.418
201402 2.545 99.057 2.570
201405 2.508 100.373 2.500
201408 2.536 100.352 2.528
201411 2.446 99.635 2.456
201502 2.311 99.032 2.335
201505 2.478 100.333 2.471
201508 2.184 100.548 2.173
201511 1.772 100.135 1.770
201602 1.616 100.040 1.616

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.


Electro Rent  (NAS:ELRC) 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.


Electro Rent Cyclically Adjusted PS Ratio Related Terms

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


Electro Rent (Electro Rent) Business Description

Traded in Other Exchanges
N/A
Address
Electro Rent Corp was incorporated in California in 1965 and became a publicly held corporation in 1980. The Company rental, lease and sells of new and used electronic test and measurement equipment. The Company purchases that equipment from manufacturers such as Agilent and Tektronix primarily for use by its customers in the aerospace, telecommunications, defense, electronics, industrial and semiconductor industries. The Company data products division provides personal computers and servers from manufacturers including Dell, HP/Compaq, IBM, Toshiba and Apple. It has also expanded its rental, lease and sale of electrical test and inspection equipment used in the industrial industry, which includes electrical contractors and utility companies and their related support services providers. The Company's competitors in the North American T&M rental area include McGrath Rent Corp., Continental Resources, Test Equity and Microlease PLC. It competes for rental business with Microlease plc and Livingston Group Ltd. in Europe and Orix Corporation in Asia.
Executives
James S Pignatelli director 2300 E SLINGSHOT WAY, KAMAS UT 84036
Theodore E Guth director 6060 SEPULVEDA BOULEVARD, VAN NUYS CA 91411
Joseph J Kearns director C/O ELECTRO RENT CORP, 6060 SEPULVEDA BLVD, VAN NUYS CA 91411
Platinum Equity Llc 10 percent owner 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
Tom Gores 10 percent owner C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Investment Holdings Iii, Llc 10 percent owner C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Partners Iii, Llc 10 percent owner C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
S Lee Kling director 1401 S BRENTWOOD BLVD, ST LOUIS MO 63144

Electro Rent (Electro Rent) Headlines

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