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ManpowerGroup (ManpowerGroup) Cyclically Adjusted PS Ratio : 0.20 (As of Apr. 27, 2024)


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What is ManpowerGroup Cyclically Adjusted PS Ratio?

As of today (2024-04-27), ManpowerGroup's current share price is $75.85. ManpowerGroup's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $379.00. ManpowerGroup's Cyclically Adjusted PS Ratio for today is 0.20.

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

MAN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.3   Max: 0.49
Current: 0.2

During the past years, ManpowerGroup's highest Cyclically Adjusted PS Ratio was 0.49. The lowest was 0.18. And the median was 0.30.

MAN's Cyclically Adjusted PS Ratio is ranked better than
86.58% of 678 companies
in the Business Services industry
Industry Median: 0.89 vs MAN: 0.20

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.

ManpowerGroup's adjusted revenue per share data for the three months ended in Mar. 2024 was $90.047. 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 $379.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ManpowerGroup Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ManpowerGroup'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.

ManpowerGroup Cyclically Adjusted PS Ratio Chart

ManpowerGroup 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 0.32 0.29 0.29 0.23 0.21

ManpowerGroup 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 0.22 0.21 0.19 0.21 0.20

Competitive Comparison of ManpowerGroup's Cyclically Adjusted PS Ratio

For the Staffing & Employment Services subindustry, ManpowerGroup'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.


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

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

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



ManpowerGroup 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=75.85/379
=0.20

* 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.

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

For example, ManpowerGroup'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)
=90.047/129.4194*129.4194
=90.047

Current CPI (Mar. 2024) = 129.4194.

ManpowerGroup Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 65.377 100.560 84.140
201409 66.782 100.428 86.061
201412 64.906 99.070 84.790
201503 57.063 99.621 74.131
201506 61.303 100.684 78.799
201509 64.578 100.392 83.251
201512 66.317 99.792 86.006
201603 62.418 100.470 80.403
201606 69.462 101.688 88.405
201609 73.742 101.861 93.693
201612 72.458 101.863 92.060
201703 69.550 102.862 87.507
201706 76.100 103.349 95.297
201709 80.840 104.136 100.468
201712 83.767 104.011 104.230
201803 82.547 105.290 101.465
201806 85.581 106.317 104.178
201809 83.365 106.507 101.299
201812 86.847 105.998 106.037
201903 82.703 107.251 99.798
201906 88.959 108.070 106.533
201909 87.046 108.329 103.992
201912 87.485 108.420 104.429
202003 78.290 108.902 93.040
202006 64.299 108.767 76.508
202009 78.373 109.815 92.364
202012 87.153 109.897 102.635
202103 88.409 111.754 102.384
202106 95.255 114.631 107.543
202109 93.127 115.734 104.139
202112 97.153 117.630 106.891
202203 94.546 121.301 100.874
202206 95.021 125.017 98.367
202209 91.795 125.227 94.869
202212 93.747 125.222 96.890
202303 92.099 127.348 93.597
202306 95.781 128.729 96.295
202309 93.325 129.860 93.009
202312 93.545 129.419 93.545
202403 90.047 129.419 90.047

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.


ManpowerGroup  (NYSE:MAN) 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.


ManpowerGroup Cyclically Adjusted PS Ratio Related Terms

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


ManpowerGroup (ManpowerGroup) Business Description

Traded in Other Exchanges
N/A
Address
100 Manpower Place, Milwaukee, WI, USA, 53212
Manpower is one of the three largest multinational firms in the fragmented and over $600 billion global staffing industry. The firm generates most of its sales outside the U.S. and boasts a vast global footprint. Its client base consists of mainly large and multinational companies, but the firm also services small and midsize businesses through its local branch network. It offers each main staffing service (temporary, permanent, and project based) across a variety of professions under its four subsidiary brands: Experis specializes in IT placements; Talent Solutions provides recruitment process outsourcing, or RPO, and outplacement services; Jefferson Wells serves finance, tax, and compliance needs; Manpower focuses on manufacturing, administrative, and assembly positions.
Executives
Donald O Mondano officer: SVP, Global Controller MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Ulice Jr Payne director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Muriel Francoise Penicaud director 22 PASSAGE COURTOIS, PARIS I0 75011
John T Mcginnis officer: EVP, CFO C/O MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Richard Buchband officer: SVP, General Counsel 100 MANPOWER PLACE, MILWAUKEE WI 53212
Cari M Dominguez director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Jean Philippe Courtois director MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399
William P Gipson director 1201 S 2ND STREET, MILWAUKEE WI 53204
Michelle Nettles officer: Chief People & Culture MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Mara E Swan officer: EVP C/O ADOLPH COORS CO, 311 10TH ST. MH311, GOLDEN CO 80401-0030
Gina Boswell director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Jonas Prising director, officer: CEO MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Van Handel Michael J officer: EVP, CFO MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Sriram Chandrashekar officer: EVP 10 HOE CHIANG ROAD #21, 04/05 KEPPEL TOWERS, SINGAPORE U0 089315
William Downe director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212