GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bic (OTCPK:BICEF) » Definitions » Cyclically Adjusted PS Ratio

Bic (BICEF) Cyclically Adjusted PS Ratio : 1.49 (As of May. 06, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Bic Cyclically Adjusted PS Ratio?

As of today (2024-05-06), Bic's current share price is $72.25. Bic's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec22 was $48.56. Bic's Cyclically Adjusted PS Ratio for today is 1.49.

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

BICEF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.96   Med: 2   Max: 4.33
Current: 1.4

During the past 13 years, Bic's highest Cyclically Adjusted PS Ratio was 4.33. The lowest was 0.96. And the median was 2.00.

BICEF's Cyclically Adjusted PS Ratio is ranked worse than
66.79% of 1370 companies
in the Consumer Packaged Goods industry
Industry Median: 0.805 vs BICEF: 1.40

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.

Bic's adjusted revenue per share data of for the fiscal year that ended in Dec22 was $53.089. 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 $48.56 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bic Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Bic'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.

Bic Cyclically Adjusted PS Ratio Chart

Bic Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.14 1.44 1.09 1.09 1.38

Bic Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - 1.09 - 1.38 -

Competitive Comparison of Bic's Cyclically Adjusted PS Ratio

For the Household & Personal Products subindustry, Bic'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.


Bic's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bic's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Bic 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=72.25/48.56
=1.49

* 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.

Bic's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Bic's adjusted Revenue per Share data for the fiscal year that ended in Dec22 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=53.089/114.1600*114.1600
=53.089

Current CPI (Dec22) = 114.1600.

Bic Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201312 54.332 99.800 62.150
201412 51.260 99.860 58.600
201512 45.529 100.040 51.955
201612 45.143 100.650 51.202
201712 51.687 101.850 57.934
201812 48.424 103.470 53.427
201912 47.948 104.980 52.141
202012 43.890 104.960 47.737
202112 46.046 107.850 48.740
202212 53.089 114.160 53.089

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.


Bic  (OTCPK:BICEF) 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.


Bic Cyclically Adjusted PS Ratio Related Terms

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


Bic (BICEF) Business Description

Traded in Other Exchanges
Address
14 rue Jeanne-d'Asnieres, Clichy Cedex, Paris, FRA, 92611
Bic SA manufactures and markets writing instruments, lighters, shavers, advertising, and promotional products in France and globally. The company offers its products through various channels stationery stores, office supplies companies, convenience stores, distributors, wholesalers, cash-and-carry stores, e-commerce. Its main well-known brands are BIC, BIC Kids, BIC Graphic, BIC Matic, BIC Tipp-Ex, Wite-Out, Ecolutions, and Cello. By net sales, the biggest market is North America, followed by Europe and the developing markets (Middle East, Africa, Latin America, and Asia).