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Avis Budget Group (BUE:CAR) Cyclically Adjusted PS Ratio : 0.71 (As of May. 06, 2024)


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What is Avis Budget Group Cyclically Adjusted PS Ratio?

As of today (2024-05-06), Avis Budget Group's current share price is ARS4977.50. Avis Budget Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ARS6,993.28. Avis Budget Group's Cyclically Adjusted PS Ratio for today is 0.71.

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

BUE:CAR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.58   Max: 2.88
Current: 0.69

During the past years, Avis Budget Group's highest Cyclically Adjusted PS Ratio was 2.88. The lowest was 0.12. And the median was 0.58.

BUE:CAR's Cyclically Adjusted PS Ratio is ranked better than
58.12% of 690 companies
in the Business Services industry
Industry Median: 0.89 vs BUE:CAR: 0.69

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.

Avis Budget Group's adjusted revenue per share data for the three months ended in Mar. 2024 was ARS2,286.474. 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 ARS6,993.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Avis Budget Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Avis Budget Group'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.

Avis Budget Group Cyclically Adjusted PS Ratio Chart

Avis Budget Group 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 0.36 0.40 1.93 1.23 1.10

Avis Budget Group 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 1.38 1.54 1.15 1.10 0.74

Competitive Comparison of Avis Budget Group's Cyclically Adjusted PS Ratio

For the Rental & Leasing Services subindustry, Avis Budget Group'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.


Avis Budget Group's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Avis Budget Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Avis Budget Group 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.

Avis Budget Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4977.50/6993.28
=0.71

* 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.

Avis Budget Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Avis Budget Group's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2286.474/129.4194*129.4194
=2,286.474

Current CPI (Mar. 2024) = 129.4194.

Avis Budget Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.213 100.560 7.996
201409 7.454 100.428 9.606
201412 5.689 99.070 7.432
201503 5.991 99.621 7.783
201506 7.206 100.684 9.263
201509 8.985 100.392 11.583
201512 9.320 99.792 12.087
201603 10.989 100.470 14.155
201606 12.732 101.688 16.204
201609 16.624 101.861 21.122
201612 12.867 101.863 16.348
201703 12.558 102.862 15.800
201706 16.457 103.349 20.608
201709 22.065 104.136 27.422
201712 17.939 104.011 22.321
201803 18.838 105.290 23.155
201806 27.506 106.317 33.483
201809 49.902 106.507 60.637
201812 38.653 105.998 47.194
201903 38.241 107.251 46.145
201906 53.105 108.070 63.596
201909 79.277 108.329 94.711
201912 67.389 108.420 80.441
202003 57.766 108.902 68.650
202006 28.828 108.767 34.302
202009 66.829 109.815 78.760
202012 62.465 109.897 73.562
202103 70.432 111.754 81.565
202106 124.425 114.631 140.476
202109 183.556 115.734 205.261
202112 178.237 117.630 196.102
202203 207.242 121.301 221.112
202206 321.441 125.017 332.761
202209 437.622 125.227 452.275
202212 452.599 125.222 467.771
202303 527.916 127.348 536.504
202306 777.722 128.729 781.895
202309 1,338.384 129.860 1,333.848
202312 1,066.883 129.419 1,066.883
202403 2,286.474 129.419 2,286.474

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.


Avis Budget Group  (BUE:CAR) 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.


Avis Budget Group Cyclically Adjusted PS Ratio Related Terms

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


Avis Budget Group (BUE:CAR) Business Description

Traded in Other Exchanges
Address
6 Sylvan Way, Parsippany, NJ, USA, 07054
Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas.