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Methode Electronics (Methode Electronics) Cyclically Adjusted PS Ratio : 0.39 (As of May. 15, 2024)


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What is Methode Electronics Cyclically Adjusted PS Ratio?

As of today (2024-05-15), Methode Electronics's current share price is $12.04. Methode Electronics's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was $30.90. Methode Electronics's Cyclically Adjusted PS Ratio for today is 0.39.

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

MEI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 1.81   Max: 3.2
Current: 0.39

During the past years, Methode Electronics's highest Cyclically Adjusted PS Ratio was 3.20. The lowest was 0.35. And the median was 1.81.

MEI's Cyclically Adjusted PS Ratio is ranked better than
77.79% of 1918 companies
in the Hardware industry
Industry Median: 1.06 vs MEI: 0.39

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.

Methode Electronics's adjusted revenue per share data for the three months ended in Jan. 2024 was $7.345. 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 $30.90 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Methode Electronics Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Methode Electronics'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.

Methode Electronics Cyclically Adjusted PS Ratio Chart

Methode Electronics Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.49 1.41 1.89 1.63 1.36

Methode Electronics 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 1.63 1.36 1.10 0.74 0.67

Competitive Comparison of Methode Electronics's Cyclically Adjusted PS Ratio

For the Electronic Components subindustry, Methode Electronics'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.


Methode Electronics's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Methode Electronics's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Methode Electronics 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.

Methode Electronics's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.04/30.9
=0.39

* 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.

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

For example, Methode Electronics'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)
=7.345/129.4194*129.4194
=7.345

Current CPI (Jan. 2024) = 129.4194.

Methode Electronics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 5.834 100.023 7.549
201407 5.643 100.520 7.265
201410 5.813 100.176 7.510
201501 5.200 98.604 6.825
201504 5.799 99.824 7.518
201507 5.209 100.691 6.695
201510 5.333 100.346 6.878
201601 4.823 99.957 6.245
201604 5.672 100.947 7.272
201607 5.122 101.524 6.529
201610 5.575 101.988 7.074
201701 5.220 102.456 6.594
201704 5.860 103.167 7.351
201707 5.357 103.278 6.713
201710 6.109 104.070 7.597
201801 6.114 104.578 7.566
201804 6.675 105.708 8.172
201807 5.935 106.324 7.224
201810 7.007 106.695 8.499
201901 6.557 106.200 7.991
201904 7.043 107.818 8.454
201907 7.173 108.250 8.576
201910 6.815 108.577 8.123
202001 7.573 108.841 9.005
202004 5.511 108.173 6.593
202007 5.003 109.318 5.923
202010 7.889 109.861 9.294
202101 7.690 110.364 9.018
202104 7.810 112.673 8.971
202107 7.483 115.183 8.408
202110 7.759 116.696 8.605
202201 7.781 118.619 8.489
202204 7.750 121.978 8.223
202207 7.588 125.002 7.856
202210 8.574 125.734 8.825
202301 7.658 126.223 7.852
202304 8.260 127.992 8.352
202307 7.985 128.974 8.013
202310 8.074 129.810 8.050
202401 7.345 129.419 7.345

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.


Methode Electronics  (NYSE:MEI) 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.


Methode Electronics Cyclically Adjusted PS Ratio Related Terms

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


Methode Electronics (Methode Electronics) Business Description

Traded in Other Exchanges
Address
8750 West Bryn Mawr Avenue, Suite 1000, Chicago, IL, USA, 60631-3518
Methode Electronics Inc makes component and subsystem devices employing electrical, radio remote control, electronic, wireless, and sensing technologies. The firm is organized in various business segments: Automotive, Industrial, interface and Medical. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables and custom power-product assemblies. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions. The Medical segment is made up of the Company's medical device business, Dabir Surfaces, its surface support technology aimed at pressure injury prevention.
Executives
Donald W Duda officer: President
Walter J Aspatore director 255 E BROWN STREET, SUITE 120, BIRMINGHAM MI 48009
Lawrence B Skatoff director 200 SOUTH MICHIGAN AVE, CHICAGO IL 60604
Brian J Cadwallader director 5757 N GREEN BAY AVE, MILWAUKEE WI 53209
Darren Dawson director C/O METHODE ELECTRONICS, INC., 7401 WEST WILSON AVENUE, CHICAGO IL 60706
Joseph Elias Khoury officer: Vice President 7401 W. WILSON AVENUE, HARWOOD HEIGHTS IL 60706
Kerry A. Vyverberg officer: General Counsel 8750 W. BRYN MAWR AVE., SUITE 1000, CHICAGO IL 60631
Timothy Glandon officer: VP&GM NA Automotive 7401 W. WILSON AVENUE, CHICAGO IL 60706
Janie Goddard director C/O ACON - 1133 CONNECTICUT AVENUE, NW, SUITE 700, WASHINGTON DC 20036
Tsoumas Ronald L.g. officer: Controller & Treasurer 7401 W. WILSON AVE., CHICAGO IL 60706
Anil Shetty officer: VP Methode & Pres. Dabir Surf. 7401 WEST WILSON AVENUE, CHICAGO IL 60706
Kevin Michael Martin officer: Vice President, North America 8750 WEST BRYN MAWR AVENUE, SUITE 1000, CHICAGO IL 60631
Mary A Lindsey director 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Therese M Bobek director 685 SKYE LN, INVERNESS IL 60010
David P Blom director 200 OLD WILSON BRIDGE RD, COLUMBUS OH 43085