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Hibbett (Hibbett) Cyclically Adjusted PS Ratio : 1.02 (As of Apr. 28, 2024)


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What is Hibbett Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Hibbett's current share price is $86.15. Hibbett's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was $84.55. Hibbett's Cyclically Adjusted PS Ratio for today is 1.02.

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

HIBB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.94   Max: 3.07
Current: 1.02

During the past years, Hibbett's highest Cyclically Adjusted PS Ratio was 3.07. The lowest was 0.23. And the median was 0.94.

HIBB's Cyclically Adjusted PS Ratio is ranked worse than
69.55% of 752 companies
in the Retail - Cyclical industry
Industry Median: 0.48 vs HIBB: 1.02

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.

Hibbett's adjusted revenue per share data for the three months ended in Jan. 2024 was $38.270. 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 $84.55 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hibbett Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hibbett'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.

Hibbett Cyclically Adjusted PS Ratio Chart

Hibbett Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 1.15 1.02 0.91 0.79

Hibbett Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.91 0.71 0.59 0.56 0.79

Competitive Comparison of Hibbett's Cyclically Adjusted PS Ratio

For the Apparel Retail subindustry, Hibbett'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.


Hibbett's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hibbett's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Hibbett 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=86.15/84.55
=1.02

* 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.

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

For example, Hibbett's adjusted Revenue per Share data for the three months ended in Jan. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=38.27/129.4194*129.4194
=38.270

Current CPI (Jan. 2024) = 129.4194.

Hibbett Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 10.023 100.023 12.969
201407 7.514 100.520 9.674
201410 8.617 100.176 11.133
201501 9.495 98.604 12.462
201504 10.763 99.824 13.954
201507 8.064 100.691 10.365
201510 9.602 100.346 12.384
201601 10.703 99.957 13.858
201604 12.293 100.947 15.760
201607 9.221 101.524 11.755
201610 10.683 101.988 13.556
201701 11.157 102.456 14.093
201704 12.843 103.167 16.111
201707 9.045 103.278 11.334
201710 11.667 104.070 14.509
201801 13.976 104.578 17.296
201804 14.350 105.708 17.569
201807 11.216 106.324 13.652
201810 11.614 106.695 14.088
201901 16.564 106.200 20.186
201904 18.521 107.818 22.232
201907 14.098 108.250 16.855
201910 15.463 108.577 18.431
202001 17.813 108.841 21.181
202004 16.308 108.173 19.511
202007 26.004 109.318 30.786
202010 19.292 109.861 22.727
202101 21.605 110.364 25.335
202104 29.875 112.673 34.315
202107 25.713 115.183 28.891
202110 25.490 116.696 28.269
202201 27.222 118.619 29.701
202204 31.153 121.978 33.053
202207 29.621 125.002 30.668
202210 32.810 125.734 33.772
202301 34.756 126.223 35.636
202304 34.742 127.992 35.129
202307 29.237 128.974 29.338
202310 34.810 129.810 34.705
202401 38.270 129.419 38.270

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.


Hibbett  (NAS:HIBB) 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.


Hibbett Cyclically Adjusted PS Ratio Related Terms

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


Hibbett (Hibbett) Business Description

Traded in Other Exchanges
Address
2700 Milan Court, Birmingham, AL, USA, 35211
Hibbett Inc is engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business on the South, Southwest, mid-Atlantic, and Midwest areas of the country. It offers a broad range of sporting goods, including apparel, footwear, accessories, and equipment needed for team sports, with brands such as Nike, Under Armour, Adidas, The North Face, Jordan, Costa, and others. The company consists of three kinds of stores: Hibbett Sports, the company's primary retail format stores, accounting for most of the company's total stores, City Gear, and Sports Additions, smaller-format stores primarily offering athletic footwear with a fashion-based style.
Executives
William G Quinn officer: SVP Digital Commerce 2700 MILAN COURT, BIRMINGHAM AL 35211
Ronald P Blahnik officer: SVP and CIO 2700 MILAN COURT, BIRMINGHAM AL 35211
Mark Anthony Gunn officer: SVP, CHRO 2700 MILAN COURT, BIRMINGHAM AL 35211
David Mitchell Benck officer: SVP General Counsel 2700 MILAN COURT, BIRMINGHAM AL 35211
James A Hilt director 1 EXPRESS DRIVE, COLUMBUS OH 43230
Dorlisa K Flur director POST OFFICE BOX 1017, CHARLOTTE NC 28201-1017
Pamela J Edwards director 104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Ramesh Chikkala director 2700 MILAN COURT, BIRMINGHAM AL 35211
Jonalin S. Smith other: SVP Merchandising 2700 MILAN COURT, BIRMINGHAM AL 35211
Michael C. Mcabee other: SVP Supply Chain, Store Dev 2700 MILAN COURT, BIRMINGHAM AL 35211
Anthony F Crudele director TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Michael E Longo director, officer: President and CEO
Alton E Yother director
Benjamin Ashley Knighten officer: SVP Operations 2700 MILAN COURT, BIRMINGHAM AL 35211
Linda Hubbard director 2700 MILAN COURT, BIRMINGHAM AL 35211