GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Netflix Inc (BUE:NFLX) » Definitions » Cyclically Adjusted PS Ratio

Netflix (BUE:NFLX) Cyclically Adjusted PS Ratio : 15.29 (As of Jan. 18, 2025)


View and export this data going back to 2019. Start your Free Trial

What is Netflix Cyclically Adjusted PS Ratio?

As of today (2025-01-18), Netflix's current share price is ARS21425.00. Netflix's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was ARS1,401.55. Netflix's Cyclically Adjusted PS Ratio for today is 15.29.

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

BUE:NFLX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.83   Med: 15.23   Max: 31.77
Current: 15.75

During the past years, Netflix's highest Cyclically Adjusted PS Ratio was 31.77. The lowest was 4.83. And the median was 15.23.

BUE:NFLX's Cyclically Adjusted PS Ratio is ranked worse than
98.24% of 624 companies
in the Media - Diversified industry
Industry Median: 1.01 vs BUE:NFLX: 15.75

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.

Netflix's adjusted revenue per share data for the three months ended in Sep. 2024 was ARS21,325.468. 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 ARS1,401.55 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Netflix Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Netflix'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.

Netflix Cyclically Adjusted PS Ratio Chart

Netflix 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 16.37 21.73 18.67 7.32 10.19

Netflix Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 8.15 10.19 12.05 12.86 13.02

Competitive Comparison of Netflix's Cyclically Adjusted PS Ratio

For the Entertainment subindustry, Netflix'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.


Netflix's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Netflix's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Netflix 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21425.00/1401.55
=15.29

* 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.

Netflix's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Netflix's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=21325.468/133.0289*133.0289
=21,325.468

Current CPI (Sep. 2024) = 133.0289.

Netflix Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 29.353 99.070 39.415
201503 31.983 99.621 42.708
201506 34.269 100.684 45.278
201509 37.350 100.392 49.493
201512 53.846 99.792 71.780
201603 65.277 100.470 86.431
201606 67.169 101.688 87.871
201609 77.927 101.861 101.771
201612 89.248 101.863 116.555
201703 91.252 102.862 118.014
201706 102.914 103.349 132.469
201709 116.919 104.136 149.359
201712 140.000 104.011 179.058
201803 165.576 105.290 209.198
201806 215.805 106.317 270.026
201809 325.662 106.507 406.758
201812 349.934 105.998 439.172
201903 391.053 107.251 485.045
201906 486.427 108.070 598.771
201909 649.596 108.329 797.706
201912 724.033 108.420 888.371
202003 791.163 108.902 966.447
202006 927.231 108.767 1,134.059
202009 1,049.867 109.815 1,271.801
202012 1,187.638 109.897 1,437.623
202103 1,416.177 111.754 1,685.772
202106 1,528.109 114.631 1,773.359
202109 1,608.470 115.734 1,848.830
202112 1,708.134 117.630 1,931.753
202203 1,864.919 121.301 2,045.227
202206 2,130.416 125.017 2,266.950
202209 2,445.376 125.227 2,597.738
202212 2,914.600 125.222 3,096.314
202303 3,563.759 127.348 3,722.741
202306 4,351.360 128.729 4,496.718
202309 6,642.408 129.860 6,804.525
202312 7,181.078 129.419 7,381.358
202403 17,875.069 131.776 18,044.994
202406 19,466.916 132.554 19,536.689
202409 21,325.468 133.029 21,325.468

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.


Netflix  (BUE:NFLX) 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.


Netflix Cyclically Adjusted PS Ratio Related Terms

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


Netflix Business Description

Address
121 Albright Way, Los Gatos, CA, USA, 95032
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 280 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.