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CME Group (CME Group) Cyclically Adjusted PS Ratio : 14.51 (As of Apr. 30, 2024)


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What is CME Group Cyclically Adjusted PS Ratio?

As of today (2024-04-30), CME Group's current share price is $209.30. CME Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $14.42. CME Group's Cyclically Adjusted PS Ratio for today is 14.51.

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

CME' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.88   Med: 14.14   Max: 20.54
Current: 14.53

During the past years, CME Group's highest Cyclically Adjusted PS Ratio was 20.54. The lowest was 7.88. And the median was 14.14.

CME's Cyclically Adjusted PS Ratio is ranked worse than
88.12% of 581 companies
in the Capital Markets industry
Industry Median: 3.03 vs CME: 14.53

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.

CME Group's adjusted revenue per share data for the three months ended in Dec. 2023 was $4.002. 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 $14.42 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CME Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CME 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.

CME Group Cyclically Adjusted PS Ratio Chart

CME 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 18.08 15.77 18.30 12.40 14.60

CME 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 13.76 13.12 13.96 14.60 -

Competitive Comparison of CME Group's Cyclically Adjusted PS Ratio

For the Financial Data & Stock Exchanges subindustry, CME 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.


CME Group's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CME Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



CME 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=209.30/14.42
=14.51

* 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.

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

For example, CME Group'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)
=4.002/129.4194*129.4194
=4.002

Current CPI (Dec. 2023) = 129.4194.

CME Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.316 99.695 3.007
201406 2.179 100.560 2.804
201409 2.268 100.428 2.923
201412 2.497 99.070 3.262
201503 2.498 99.621 3.245
201506 2.428 100.684 3.121
201509 2.515 100.392 3.242
201512 2.407 99.792 3.122
201603 2.759 100.470 3.554
201606 2.676 101.688 3.406
201609 2.482 101.861 3.154
201612 2.690 101.863 3.418
201703 2.734 102.862 3.440
201706 2.719 103.349 3.405
201709 2.617 104.136 3.252
201712 2.643 104.011 3.289
201803 3.255 105.290 4.001
201806 3.108 106.317 3.783
201809 2.651 106.507 3.221
201812 3.511 105.998 4.287
201903 3.295 107.251 3.976
201906 3.553 108.070 4.255
201909 3.564 108.329 4.258
201912 3.177 108.420 3.792
202003 4.246 108.902 5.046
202006 3.298 108.767 3.924
202009 3.014 109.815 3.552
202012 3.063 109.897 3.607
202103 3.493 111.754 4.045
202106 3.286 114.631 3.710
202109 3.092 115.734 3.458
202112 3.196 117.630 3.516
202203 3.749 121.301 4.000
202206 3.444 125.017 3.565
202209 3.417 125.227 3.531
202212 3.363 125.222 3.476
202303 4.012 127.348 4.077
202306 3.784 128.729 3.804
202309 3.720 129.860 3.707
202312 4.002 129.419 4.002

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.


CME Group  (NAS:CME) 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.


CME Group Cyclically Adjusted PS Ratio Related Terms

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


CME Group (CME Group) Business Description

Address
20 South Wacker Drive, Chicago, IL, USA, 60606
Based in Chicago, CME Group operates exchanges giving investors, suppliers, and businesses the ability to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities. The CME was founded in 1898 and in 2002 completed its initial public offering. Since then, CME Group has consolidated parts of the industry by merging with crosstown rival, CBOT Holdings in 2007 before acquiring Nymex Holdings in 2008 and NEX in 2018. In addition, the company has a 27% stake in S&P Dow Jones Indices, making the Chicago Mercantile Exchange the exclusive venue to trade and clear S&P futures contracts. Through CME's acquisition of NEX in 2018 it has also expanded into cash foreign exchange, fixed income trading, and collateral optimization.
Executives
William R Shepard director 20 S. WACKER DR, CHICAGO IL 60606
Bryan T Durkin officer: MD & COO 20 S. WACKER DRIVE, CHICAGO IL 60606
Derek Sammann officer: Managing Dir Financial Product 20 S. WACKER DRIVE, CHICAGO IL 60606
Dennis Suskind director ONE NORTH END AVENUE, WORLD FINANCIAL CENTER, NEW YORK NY 10282
Suzanne Sprague officer: Sr MD Global Head of Clearing 20 SOUTH WACKER DRIVE, 18S, CHICAGO IL 60606
Timothy Francis Mccourt officer: Sr MD Global Head Equity & FX 20 S WACKER DRIVE, CHICAGO IL 60606
Elizabeth A Cook director 20 S. WACKER DRIVE, CHICAGO IL 60606
Martin J Gepsman director 20 S. WACKER DR, CHICAGO IL 60606
Terrence A Duffy director 20 S. WACKER DR, CHICAGO IL 60606
Julie Holzrichter officer: MD Operations 20 S. WACKER DRIVE, CHICAGO IL 60606
Timothy S. Bitsberger director 20 S. WACKER DRIVE, CHICAGO IL 60606
Julie Winkler officer: Chief Commercial Officer 20 S. WACKER DR., CHICAGO IL 60606
Daniel R Glickman director 20 S. WACKER DR, CHICAGO IL 60606
Hilda Harris Piell officer: MD, Organizational Development 20 S. WACKER DRIVE, CHICAGO IL 60606
Sunil Cutinho officer: President, CME Clearing 20 S. WACKER DR., CHICAGO IL 60606