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Tetra Tech (Tetra Tech) Cyclically Adjusted PS Ratio : 3.01 (As of Apr. 28, 2024)


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What is Tetra Tech Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Tetra Tech's current share price is $192.50. Tetra Tech's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $64.05. Tetra Tech's Cyclically Adjusted PS Ratio for today is 3.01.

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

TTEK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.62   Med: 1.33   Max: 3.61
Current: 3.01

During the past years, Tetra Tech's highest Cyclically Adjusted PS Ratio was 3.61. The lowest was 0.62. And the median was 1.33.

TTEK's Cyclically Adjusted PS Ratio is ranked worse than
88% of 1242 companies
in the Construction industry
Industry Median: 0.63 vs TTEK: 3.01

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.

Tetra Tech's adjusted revenue per share data for the three months ended in Dec. 2023 was $22.857. 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 $64.05 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tetra Tech Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tetra Tech'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.

Tetra Tech Cyclically Adjusted PS Ratio Chart

Tetra Tech Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 1.95 2.85 2.22 2.40

Tetra Tech 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 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 2.49 2.44 2.65 2.40 2.61

Competitive Comparison of Tetra Tech's Cyclically Adjusted PS Ratio

For the Engineering & Construction subindustry, Tetra Tech'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.


Tetra Tech's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tetra Tech's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Tetra Tech 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.

Tetra Tech's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=192.50/64.05
=3.01

* 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.

Tetra Tech's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Tetra Tech'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)
=22.857/129.4194*129.4194
=22.857

Current CPI (Dec. 2023) = 129.4194.

Tetra Tech Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 8.922 99.695 11.582
201406 9.640 100.560 12.407
201409 9.706 100.428 12.508
201412 9.207 99.070 12.028
201503 9.150 99.621 11.887
201506 9.460 100.684 12.160
201509 9.565 100.392 12.331
201512 9.377 99.792 12.161
201603 10.610 100.470 13.667
201606 11.377 101.688 14.480
201609 12.522 101.861 15.910
201612 11.503 101.863 14.615
201703 11.391 102.862 14.332
201706 11.787 103.349 14.760
201709 12.830 104.136 15.945
201712 13.358 104.011 16.621
201803 12.356 105.290 15.188
201806 13.563 106.317 16.510
201809 13.121 106.507 15.944
201812 12.728 105.998 15.540
201903 12.907 107.251 15.575
201906 14.808 108.070 17.733
201909 15.124 108.329 18.068
201912 14.388 108.420 17.175
202003 13.236 108.902 15.730
202006 12.978 108.767 15.442
202009 13.797 109.815 16.260
202012 14.003 109.897 16.491
202103 13.789 111.754 15.969
202106 14.664 114.631 16.556
202109 16.335 115.734 18.267
202112 15.730 117.630 17.307
202203 15.691 121.301 16.741
202206 16.484 125.017 17.065
202209 16.818 125.227 17.381
202212 16.716 125.222 17.276
202303 21.598 127.348 21.949
202306 22.533 128.729 22.654
202309 23.474 129.860 23.394
202312 22.857 129.419 22.857

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.


Tetra Tech  (NAS:TTEK) 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.


Tetra Tech Cyclically Adjusted PS Ratio Related Terms

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


Tetra Tech (Tetra Tech) Business Description

Industry
Traded in Other Exchanges
Address
3475 East Foothill Boulevard, Pasadena, CA, USA, 91107
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
Executives
Brian N Carter officer: SVP, CORPORATE CONTROLLER 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Kirsten M Volpi director TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Dan L Batrack director, officer: CHAIRMAN AND CEO TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Jill Hudkins officer: President 3475 E. FOOTHILL BLVD., PASADENA CA 91107
Roger R Argus officer: SVP, Gov't Svcs. Group TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Preston Iii Hopson officer: SVP, GENERAL COUNSEL 3475 E FOOTHILL BLVD, PASADENA CA 91107
J Kenneth Thompson director ALASKA AIR GROUP, 19300 PACIFIC HIGHWAY SOUTH, SEATTLE WA 98188
Kimberly E Ritrievi director TETRA TECH, INC, 3475 E. FOOTHILL BLVD., PASADENA CA 91107
Steven M Burdick officer: EVP, CFO TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Christiana Obiaya director 130 W UNION STREET, PASADENA CA 91103
J Christopher Lewis director TETRA TECH, INC, 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Prashant Gandhi director 3475 E. FOOTHILL BLVD., PASADENA CA 91107
William R Brownlie officer: SVP, CHIEF ENGINEER 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Patrick C Haden director 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Brendan M. O'rourke officer: SVP, Enterprise Risk Mgmt. 3475 E FOOTHILL BLVD, PASADENA CA 91107