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Arconic (DELISTED:ARNC) Cyclically Adjusted PS Ratio : (As of May. 22, 2024)


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What is Arconic Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Arconic Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Arconic'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.

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Arconic Cyclically Adjusted PS Ratio Chart

Arconic Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PS Ratio
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Arconic Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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Competitive Comparison of Arconic's Cyclically Adjusted PS Ratio

For the Aluminum subindustry, Arconic'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.


Arconic's Cyclically Adjusted PS Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Arconic's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Arconic 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.

Arconic's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2016 is calculated as:

For example, Arconic's adjusted Revenue per Share data for the three months ended in Sep. 2016 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=1029.947/101.8610*101.8610
=1,029.947

Current CPI (Sep. 2016) = 101.8610.

Arconic Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200612 493.840 85.142 590.816
200703 499.925 86.640 587.751
200706 508.730 87.906 589.491
200709 475.441 87.964 550.552
200712 481.827 88.616 553.841
200803 483.705 90.090 546.907
200806 478.173 92.320 527.588
200809 485.577 92.307 535.836
200812 434.845 88.697 499.380
200903 339.881 89.744 385.770
200906 297.804 91.003 333.336
200909 326.421 91.120 364.900
200912 397.455 91.111 444.349
201003 338.764 91.821 375.806
201006 328.581 91.962 363.951
201009 366.953 92.162 405.572
201012 394.640 92.474 434.700
201103 377.078 94.283 407.385
201106 418.163 95.235 447.259
201109 417.398 95.727 444.145
201112 399.638 95.213 427.540
201203 406.703 96.783 428.042
201206 455.388 96.819 479.102
201209 462.188 97.633 482.203
201212 485.432 96.871 510.437
201303 456.893 98.209 473.881
201306 524.932 98.518 542.746
201309 551.745 98.790 568.897
201312 595.480 98.326 616.889
201403 706.995 99.695 722.359
201406 717.849 100.560 727.140
201409 784.628 100.428 795.825
201412 831.816 99.070 855.253
201503 746.195 99.621 762.973
201506 779.708 100.684 788.824
201509 729.456 100.392 740.134
201512 970.577 99.792 990.696
201603 989.671 100.470 1,003.369
201606 982.606 101.688 984.277
201609 1,029.947 101.861 1,029.947

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.


Arconic  (DELISTED:ARNC) 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.


Arconic Cyclically Adjusted PS Ratio Related Terms

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Arconic (DELISTED:ARNC) Business Description

Traded in Other Exchanges
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Address
Arconic Inc, formerly known as Alcoa Inc was first incorporated as the Pittsburgh Reduction Company on October 1, 1888. The Company is engaged in manufacturing and engineering lightweight metals. Its products include aluminum, titanium, and nickel, used in aerospace, automotive, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. The Company is also engaged in the production and management of aluminum, fabricated aluminum, and alumina combined, through its active participation in all aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. It has investments and operating activities in, among others, Australia, Brazil, China, Guinea, Iceland, Russia, and Saudi Arabia. The Company operates in segments including Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company's Global Rolled Products segment represents its midstream operations. The Engineered Products and Solutions segment represents a portion of the Company's downstream operations. Its downstream portfolio includes two segments Engineered Products and Solutions and Transportation and Construction Solutions. The Engineered Products and Solutions consist of Alcoa Titanium & Engineered Products; Alcoa Fastening Systems & Rings; Alcoa Forgings and Extrusions; and Alcoa Power and Propulsion. The Company's Transportation and Construction Solutions segment represents a portion of its downstream operations. The raw materials used includes bauxite, alloying materials, caustic soda, alumina, electricity, aluminum fluoride, fuel oil, calcined petroleum coke, lime (CaO), cathode blocks, natural gas, electricity, liquid pitch, natural gas, titanium alloys, titanium sponge and resin. The Company's trademark products include Howmet metal castings, Huck fasteners, Kawneer building panels and Dura-Bright wheels with easy-clean surface treatments.