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Euroseas (Euroseas) Cyclically Adjusted PS Ratio : 1.23 (As of Jun. 15, 2024)


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What is Euroseas Cyclically Adjusted PS Ratio?

As of today (2024-06-15), Euroseas's current share price is $35.41. Euroseas's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $28.84. Euroseas's Cyclically Adjusted PS Ratio for today is 1.23.

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

ESEA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.14   Max: 1.34
Current: 1.23

During the past years, Euroseas's highest Cyclically Adjusted PS Ratio was 1.34. The lowest was 0.03. And the median was 0.14.

ESEA's Cyclically Adjusted PS Ratio is ranked worse than
60.27% of 735 companies
in the Transportation industry
Industry Median: 0.84 vs ESEA: 1.23

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.

Euroseas's adjusted revenue per share data for the three months ended in Mar. 2024 was $6.704. 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 $28.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Euroseas Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Euroseas'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.

Euroseas Cyclically Adjusted PS Ratio Chart

Euroseas 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 0.07 0.11 0.66 0.57 1.06

Euroseas 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 0.59 0.70 0.88 1.06 1.24

Competitive Comparison of Euroseas's Cyclically Adjusted PS Ratio

For the Marine Shipping subindustry, Euroseas'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.


Euroseas's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Euroseas's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Euroseas 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=35.41/28.84
=1.23

* 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.

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

For example, Euroseas'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)
=6.704/117.2848*117.2848
=6.704

Current CPI (Mar. 2024) = 117.2848.

Euroseas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 11.856 103.060 13.492
201409 13.933 102.624 15.923
201412 16.175 100.254 18.923
201503 11.317 100.549 13.201
201506 12.959 100.838 15.073
201509 14.733 100.856 17.133
201512 8.886 100.087 10.413
201603 6.464 99.041 7.655
201606 7.244 100.121 8.486
201609 7.105 99.878 8.343
201612 -0.546 100.110 -0.640
201703 6.031 100.770 7.019
201706 7.238 101.138 8.394
201709 4.130 100.882 4.802
201712 5.608 100.762 6.528
201803 5.968 100.534 6.962
201806 7.005 102.121 8.045
201809 5.972 101.982 6.868
201812 5.425 101.330 6.279
201903 5.404 101.482 6.245
201906 5.238 101.837 6.033
201909 3.136 101.906 3.609
201912 2.376 102.120 2.729
202003 2.767 101.479 3.198
202006 2.422 100.239 2.834
202009 2.159 99.886 2.535
202012 1.956 99.751 2.300
202103 2.120 99.817 2.491
202106 2.680 101.270 3.104
202109 3.181 102.095 3.654
202112 5.303 104.853 5.932
202203 6.254 108.651 6.751
202206 6.680 113.517 6.902
202209 6.373 114.371 6.535
202212 6.056 112.428 6.318
202303 5.979 113.620 6.172
202306 6.857 115.515 6.962
202309 7.310 116.234 7.376
202312 7.102 116.364 7.158
202403 6.704 117.285 6.704

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.


Euroseas  (NAS:ESEA) 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.


Euroseas Cyclically Adjusted PS Ratio Related Terms

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


Euroseas (Euroseas) Business Description

Industry
Traded in Other Exchanges
Address
4 Messogiou and Evropis Street, Maroussi, GRC, 151 24
Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.

Euroseas (Euroseas) Headlines

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