GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » NVR Inc (BSP:N1VR34) » Definitions » Cyclically Adjusted PS Ratio

NVR (BSP:N1VR34) Cyclically Adjusted PS Ratio : 3.79 (As of Apr. 29, 2024)


View and export this data going back to 2020. Start your Free Trial

What is NVR Cyclically Adjusted PS Ratio?

As of today (2024-04-29), NVR's current share price is R$788.50. NVR's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$208.26. NVR's Cyclically Adjusted PS Ratio for today is 3.79.

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

BSP:N1VR34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.23   Med: 2.58   Max: 4.04
Current: 3.52

During the past years, NVR's highest Cyclically Adjusted PS Ratio was 4.04. The lowest was 1.23. And the median was 2.58.

BSP:N1VR34's Cyclically Adjusted PS Ratio is ranked worse than
94.67% of 75 companies
in the Homebuilding & Construction industry
Industry Median: 0.88 vs BSP:N1VR34: 3.52

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.

NVR's adjusted revenue per share data for the three months ended in Dec. 2023 was R$70.771. 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 R$208.26 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


NVR Cyclically Adjusted PS Ratio Historical Data

The historical data trend for NVR'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.

NVR Cyclically Adjusted PS Ratio Chart

NVR 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 3.19 3.03 3.65 2.37 3.22

NVR 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 2.76 3.05 2.78 3.22 -

Competitive Comparison of NVR's Cyclically Adjusted PS Ratio

For the Residential Construction subindustry, NVR'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.


NVR's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, NVR's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



NVR 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=788.50/208.26
=3.79

* 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.

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

For example, NVR'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)
=70.771/129.4194*129.4194
=70.771

Current CPI (Dec. 2023) = 129.4194.

NVR Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 8.178 99.695 10.616
201406 10.972 100.560 14.121
201409 12.936 100.428 16.670
201412 16.441 99.070 21.478
201503 14.225 99.621 18.480
201506 18.179 100.684 23.367
201509 25.518 100.392 32.896
201512 28.672 99.792 37.184
201603 20.492 100.470 26.396
201606 22.844 101.688 29.074
201609 24.284 101.861 30.854
201612 29.509 101.863 37.492
201703 19.523 102.862 24.563
201706 24.250 103.349 30.367
201709 24.541 104.136 30.499
201712 27.475 104.011 34.187
201803 23.800 105.290 29.254
201806 32.597 106.317 39.680
201809 37.598 106.507 45.686
201812 39.272 105.998 47.950
201903 32.820 107.251 39.604
201906 35.118 108.070 42.056
201909 39.555 108.329 47.256
201912 41.219 108.420 49.202
202003 39.635 108.902 47.103
202006 43.599 108.767 51.877
202009 54.623 109.815 64.374
202012 60.661 109.897 71.437
202103 58.527 111.754 67.778
202106 58.994 114.631 66.605
202109 65.898 115.734 73.690
202112 67.205 117.630 73.941
202203 64.813 121.301 69.151
202206 76.687 125.017 79.388
202209 84.004 125.227 86.817
202212 83.697 125.222 86.503
202303 65.912 127.348 66.984
202306 65.579 128.729 65.931
202309 73.526 129.860 73.277
202312 70.771 129.419 70.771

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.


NVR  (BSP:N1VR34) 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.


NVR Cyclically Adjusted PS Ratio Related Terms

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


NVR (BSP:N1VR34) Business Description

Traded in Other Exchanges
Address
11700 Plaza America Drive, Suite 500, Reston, VA, USA, 20190
NVR Inc is a United States-based homebuilding company operating in over 33 metropolitan areas across the east of the Mississippi River. The company builds single-family detached homes, townhomes, and condominium buildings under three brands, Ryan Homes, NVHomes, and Heartland Homes. NVR's avoidance of direct land development activity is unique among public homebuilders and results in relatively outsize return metrics. The Virginia-based company also manages mortgage banking segment and homebuilding operating segments. The homebuilding segment includes four geographic areas; Mid-Atlantic, North East, Mid-East, and South East.

NVR (BSP:N1VR34) Headlines

No Headlines