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Gates Industrial (FRA:1JL) Cyclically Adjusted PS Ratio : 1.30 (As of Jun. 10, 2024)


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What is Gates Industrial Cyclically Adjusted PS Ratio?

As of today (2024-06-10), Gates Industrial's current share price is €14.90. Gates Industrial's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was €11.50. Gates Industrial's Cyclically Adjusted PS Ratio for today is 1.30.

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

FRA:1JL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.99   Med: 1.05   Max: 1.38
Current: 1.28

During the past 10 years, Gates Industrial's highest Cyclically Adjusted PS Ratio was 1.38. The lowest was 0.99. And the median was 1.05.

FRA:1JL's Cyclically Adjusted PS Ratio is ranked better than
53.73% of 2198 companies
in the Industrial Products industry
Industry Median: 1.42 vs FRA:1JL: 1.28

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.

Gates Industrial's adjusted revenue per share data of for the fiscal year that ended in Dec23 was €11.877. 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 €11.50 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gates Industrial Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Gates Industrial'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.

Gates Industrial Cyclically Adjusted PS Ratio Chart

Gates Industrial 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 - - - - 1.04

Gates Industrial 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 - - - 1.04 -

Competitive Comparison of Gates Industrial's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, Gates Industrial'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.


Gates Industrial's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

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

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



Gates Industrial 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.

Gates Industrial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.90/11.5
=1.30

* 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.

Gates Industrial's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Gates Industrial's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=11.877/129.4194*129.4194
=11.877

Current CPI (Dec23) = 129.4194.

Gates Industrial Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 8.688 99.070 11.350
201512 8.874 99.792 11.509
201612 9.170 101.863 11.651
201712 9.051 104.011 11.262
201812 10.088 105.998 12.317
201912 9.527 108.420 11.372
202012 7.859 109.897 9.255
202112 10.343 117.630 11.380
202212 11.667 125.222 12.058
202312 11.877 129.419 11.877

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.


Gates Industrial  (FRA:1JL) 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.


Gates Industrial Cyclically Adjusted PS Ratio Related Terms

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


Gates Industrial (FRA:1JL) Business Description

Traded in Other Exchanges
Address
1144 Fifteenth Street, Denver, CO, USA, 80202
Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. They are used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.

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