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General Dynamics (General Dynamics) Cyclically Adjusted PS Ratio : 1.99 (As of Apr. 27, 2024)


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What is General Dynamics Cyclically Adjusted PS Ratio?

As of today (2024-04-27), General Dynamics's current share price is $284.41. General Dynamics's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $142.81. General Dynamics's Cyclically Adjusted PS Ratio for today is 1.99.

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

GD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.68   Max: 2.41
Current: 1.99

During the past years, General Dynamics's highest Cyclically Adjusted PS Ratio was 2.41. The lowest was 0.98. And the median was 1.68.

GD's Cyclically Adjusted PS Ratio is ranked worse than
62.56% of 211 companies
in the Aerospace & Defense industry
Industry Median: 1.47 vs GD: 1.99

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.

General Dynamics's adjusted revenue per share data for the three months ended in Mar. 2024 was $38.740. 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 $142.81 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


General Dynamics Cyclically Adjusted PS Ratio Historical Data

The historical data trend for General Dynamics'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.

General Dynamics Cyclically Adjusted PS Ratio Chart

General Dynamics 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 1.65 1.33 1.70 1.86 1.83

General Dynamics 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 1.67 1.55 1.57 1.83 1.98

Competitive Comparison of General Dynamics's Cyclically Adjusted PS Ratio

For the Aerospace & Defense subindustry, General Dynamics'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.


General Dynamics's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, General Dynamics's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



General Dynamics 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.

General Dynamics's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=284.41/142.81
=1.99

* 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.

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

For example, General Dynamics'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)
=38.74/129.4194*129.4194
=38.740

Current CPI (Mar. 2024) = 129.4194.

General Dynamics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 21.804 100.560 28.062
201409 22.920 100.428 29.537
201412 24.888 99.070 32.512
201503 23.258 99.621 30.215
201506 23.782 100.684 30.569
201509 24.831 100.392 32.011
201512 25.508 99.792 33.081
201603 23.847 100.470 30.718
201606 25.061 101.688 31.895
201609 24.722 101.861 31.411
201612 24.836 101.863 31.555
201703 24.216 102.862 30.468
201706 25.135 103.349 31.475
201709 24.955 104.136 31.014
201712 27.403 104.011 34.097
201803 25.025 105.290 30.760
201806 30.606 106.317 37.257
201809 30.406 106.507 36.947
201812 35.013 105.998 42.750
201903 31.837 107.251 38.418
201906 32.856 108.070 39.347
201909 33.555 108.329 40.088
201912 37.041 108.420 44.215
202003 30.175 108.902 35.860
202006 32.286 108.767 38.416
202009 32.835 109.815 38.697
202012 36.460 109.897 42.937
202103 32.921 111.754 38.125
202106 32.670 114.631 36.885
202109 34.122 115.734 38.157
202112 36.657 117.630 40.331
202203 33.550 121.301 35.795
202206 32.942 125.017 34.102
202209 36.091 125.227 37.299
202212 39.092 125.222 40.402
202303 35.717 127.348 36.298
202306 36.905 128.729 37.103
202309 38.476 129.860 38.346
202312 42.189 129.419 42.189
202403 38.740 129.419 38.740

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.


General Dynamics  (NYSE:GD) 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.


General Dynamics Cyclically Adjusted PS Ratio Related Terms

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


General Dynamics (General Dynamics) Business Description

Address
11011 Sunset Hills Road, Reston, VA, USA, 20190
General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment creates Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment creates and services nuclear-powered submarines, destroyers, and other ships. The technologies segment contains two main units, an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.
Executives
Gregory S Gallopoulos officer: Senior VP, Gen. Counsel, Sec. C/O GENERAL DYNAMICS CORPORATION, 2941 FAIRVIEW PARK DRIVE, SUITE 100, FALLS CHURCH VA 22042
Phebe N Novakovic director, officer: Chairman and CEO
Marguerite Amy Gilliland officer: Senior Vice President 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Charles W Hooper director C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
Mark Malcolm director TOWER INTERNATIONAL, INC., 17672 LAUREL PARK DRIVE N., SUITE 400E, LIVONIA MI 48152
Richard D Clarke director 11011 SUNSET HILLS ROAD, RESTON VA 20190
Mark Lagrand Burns officer: Vice President 2941 FAIRVIEW PARK DRIVE, SUITE 100, FALLS CHURCH VA 22042
Mark C. Roualet officer: Vice President C/O GENERAL DYNAMICS CORPORATION, 2941 FAIRVIEW PARK DRIVE, SUITE 100, FALLS CHURCH VA 22042
William A Moss officer: Vice President and Controller 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
James S Crown director 222 N LASALLE STREET, STE 2000, CHICAGO IL 60601
Robert K Steel director 85 BROAD STREET, NEW YORK NY 10004
William A Osborn director 100 NE ADAMS STREET, PEORIA IL 61629
Danny Deep officer: Vice President 11011 SUNSET HILLS ROAD, RESTON VA 20190
John G Stratton director 1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
Lester L Lyles director C/O MTC TECHNOLOGIES INC, 4032 LINDEN AVENUE, DAYTON OH 45432

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