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As of today (2024-04-27), Patterson-UTI Energy's current share price is $11.25. Patterson-UTI Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $14.27. Patterson-UTI Energy's Cyclically Adjusted PS Ratio for today is 0.79.
The historical rank and industry rank for Patterson-UTI Energy's Cyclically Adjusted PS Ratio or its related term are showing as below:
During the past years, Patterson-UTI Energy's highest Cyclically Adjusted PS Ratio was 2.59. The lowest was 0.11. And the median was 1.05.
PTEN's Cyclically Adjusted PS Ratio is ranked better thanThe 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.
Patterson-UTI Energy's adjusted revenue per share data for the three months ended in Dec. 2023 was $3.798. 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 $14.27 for the trailing ten years ended in Dec. 2023.
The historical data trend for Patterson-UTI Energy'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.
Patterson-UTI Energy Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cyclically Adjusted PS Ratio | Get a 7-Day Free Trial | 1.14 | 0.79 | 0.81 | 0.95 | 0.76 |
For the Oil & Gas Drilling subindustry, Patterson-UTI Energy'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.
For the Oil & Gas industry and Energy sector, Patterson-UTI Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Patterson-UTI Energy's Cyclically Adjusted PS Ratio falls into.
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.
Patterson-UTI Energy's Cyclically Adjusted PS Ratio for today is calculated as
Cyclically Adjusted PS Ratio | = | Share Price | / | Cyclically Adjusted Revenue per Share |
= | 11.25 | / | 14.27 | |
= | 0.79 |
* 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.
Patterson-UTI Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, Patterson-UTI Energy's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:
Adj_RevenuePerShare | = | Revenue per Share | / | CPI of Dec. 2023 (Change) | * | Current CPI (Dec. 2023) |
= | 3.798 | / | 129.4194 | * | 129.4194 | |
= | 3.798 |
Current CPI (Dec. 2023) = 129.4194.
Patterson-UTI Energy Quarterly Data
Revenue per Share | CPI | Adj_RevenuePerShare | |
201403 | 4.674 | 99.695 | 6.068 |
201406 | 5.186 | 100.560 | 6.674 |
201409 | 5.753 | 100.428 | 7.414 |
201412 | 6.218 | 99.070 | 8.123 |
201503 | 4.513 | 99.621 | 5.863 |
201506 | 3.254 | 100.684 | 4.183 |
201509 | 2.899 | 100.392 | 3.737 |
201512 | 2.324 | 99.792 | 3.014 |
201603 | 1.845 | 100.470 | 2.377 |
201606 | 1.329 | 101.688 | 1.691 |
201609 | 1.409 | 101.861 | 1.790 |
201612 | 1.683 | 101.863 | 2.138 |
201703 | 1.907 | 102.862 | 2.399 |
201706 | 2.879 | 103.349 | 3.605 |
201709 | 3.233 | 104.136 | 4.018 |
201712 | 3.487 | 104.011 | 4.339 |
201803 | 3.665 | 105.290 | 4.505 |
201806 | 3.882 | 106.317 | 4.726 |
201809 | 3.978 | 106.507 | 4.834 |
201812 | 3.691 | 105.998 | 4.507 |
201903 | 3.324 | 107.251 | 4.011 |
201906 | 3.257 | 108.070 | 3.900 |
201909 | 3.002 | 108.329 | 3.586 |
201912 | 2.543 | 108.420 | 3.036 |
202003 | 2.339 | 108.902 | 2.780 |
202006 | 1.342 | 108.767 | 1.597 |
202009 | 1.106 | 109.815 | 1.303 |
202012 | 1.178 | 109.897 | 1.387 |
202103 | 1.284 | 111.754 | 1.487 |
202106 | 1.549 | 114.631 | 1.749 |
202109 | 1.894 | 115.734 | 2.118 |
202112 | 2.170 | 117.630 | 2.387 |
202203 | 2.366 | 121.301 | 2.524 |
202206 | 2.833 | 125.017 | 2.933 |
202209 | 3.300 | 125.227 | 3.410 |
202212 | 3.587 | 125.222 | 3.707 |
202303 | 3.668 | 127.348 | 3.728 |
202306 | 3.631 | 128.729 | 3.650 |
202309 | 3.587 | 129.860 | 3.575 |
202312 | 3.798 | 129.419 | 3.798 |
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.
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.
Thank you for viewing the detailed overview of Patterson-UTI Energy's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tiffany Thom Cepak | director | C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064 |
Charles Andrew Smith | officer: EVP & Chief Financial Officer | 13627 COMELY LANE, HOUSTON TX 77079 |
Seth David Wexler | officer: GENERAL COUNSEL AND SECRETARY | 450 GEARS ROAD, SUITE 500, HOUSTON TX 77067 |
James Carl Stewart | director | 1800 POST OAK BLVD., SUITE 450, HOUSTON TX 77056 |
James Michael Holcomb | officer: President-Drilling Subsidiary | 450 GEARS ROAD, SUITE 500, HOUSTON TX 77067 |
Amy H Nelson | director | 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056 |
Drummond Robert Wayne Jr | director | 1301 MCKINNEY ST, STE 1800, HOUSTON TX 77010 |
Leslie Ann Beyer | director | C/O NATURAL GAS SERVICES GROUP., INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705 |
Gary M. Halverson | director | 1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027 |
Matthew Gillard | officer: President-Completions | 3990 ROGERDALE RD., HOUSTON TX 77042 |
Blackstone Management Associates Vii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
Bcp Vii/bep Ii Holdings Manager L.l.c. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Blackstone Energy Management Associates Ii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
Bep Diamond Aggregator L.p. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Blackstone Ema Ii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
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