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Allergan (FRA:AG4) Cyclically Adjusted PS Ratio : (As of Jun. 21, 2024)


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What is Allergan Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Allergan Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Allergan'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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Allergan Cyclically Adjusted PS Ratio Chart

Allergan Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted PS Ratio
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Allergan Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
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Competitive Comparison of Allergan's Cyclically Adjusted PS Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Allergan'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.


Allergan's Cyclically Adjusted PS Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Allergan's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Allergan 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.

Allergan's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2014 is calculated as:

For example, Allergan's adjusted Revenue per Share data for the three months ended in Dec. 2014 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2014 (Change)*Current CPI (Dec. 2014)
=5.077/99.0697*99.0697
=5.077

Current CPI (Dec. 2014) = 99.0697.

Allergan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200503 1.515 81.555 1.840
200506 1.831 82.062 2.210
200509 1.843 83.876 2.177
200512 1.902 83.032 2.269
200603 1.923 84.298 2.260
200606 2.049 85.606 2.371
200609 2.086 85.606 2.414
200612 1.998 85.142 2.325
200703 2.154 86.640 2.463
200706 2.404 87.906 2.709
200709 2.315 87.964 2.607
200712 2.430 88.616 2.717
200803 2.273 90.090 2.500
200806 2.455 92.320 2.634
200809 2.499 92.307 2.682
200812 2.572 88.697 2.873
200903 2.531 89.744 2.794
200906 2.644 91.003 2.878
200909 2.559 91.120 2.782
200912 2.736 91.111 2.975
201003 2.771 91.821 2.990
201006 3.320 91.962 3.577
201009 3.044 92.162 3.272
201012 3.070 92.474 3.289
201103 2.916 94.283 3.064
201106 3.170 95.235 3.298
201109 3.117 95.727 3.226
201112 3.439 95.213 3.578
201203 3.295 96.783 3.373
201206 3.750 96.819 3.837
201209 3.499 97.633 3.550
201212 3.674 96.871 3.757
201303 3.785 98.209 3.818
201306 4.019 98.518 4.042
201309 3.877 98.790 3.888
201312 4.078 98.326 4.109
201403 3.995 99.695 3.970
201406 4.515 100.560 4.448
201409 4.648 100.428 4.585
201412 5.077 99.070 5.077

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.


Allergan  (FRA:AG4) 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.


Allergan Cyclically Adjusted PS Ratio Related Terms

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


Allergan (FRA:AG4) Business Description

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Allergan Inc incorporated in Delaware in 1977. It is a multi-specialty health care company. The Company is engaged in the developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter products that enable people to live life to its full potential - to see more clearly, move more freely and express themselves more fully. It offers products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets in more than 100 countries around the world. It is also engaged in specialty pharmaceutical, biologic and medical device research and development. The Company's business segments are specialty pharmaceuticals and medical devices. The specialty pharmaceuticals segment produces pharmaceutical products, including: ophthalmic products for dry eye, glaucoma, inflammation, infection, allergy and retinal disease; Botox for certain therapeutic and aesthetic indications; skin care products for acne, psoriasis, eyelash growth and other prescription and over-the-counter skin care products; and urologics products. The medical devices segment produces medical devices, including: breast implants for augmentation, revision and reconstructive surgery and tissue expanders; and facial aesthetics products. The Company sells its products directly through its own sales subsidiaries in approximately 40 countries and, supplemented by independent distributors, in over 100 countries. Its products are sold to drug wholesalers, independent and chain drug stores, pharmacies, commercial optical chains, opticians, mass merchandisers, food stores, hospitals, group purchasing organizations, integrated direct hospital networks, ambulatory surgery centers, government purchasing agencies and medical practitioners. The Company also utilize distributors for its products in smaller international markets. The Company's competitors include Akorn, Inc., Alcon Laboratories, Inc./Novartis AG, Abbott Laboratories, Alimera Sciences, Inc., Bausch & Lomb, Inc., a division of Valeant, Genentech/Hoffmann La Roche AG, Merck & Co., Pfizer Inc., Regeneron Pharmaceuticals, Inc. and Santen Seiyaku. Mentor and Sientra, Inc., or Sientra, a partner of Silimed, LifeCell Corporation, CR Bard Inc. The Company's operations are subject to federal, state, local and foreign environmental laws and regulations, including the U.S. Occupational Safety and Health Act, the U.S. Toxic Substances Control Act, the U.S. Resource Conservation and Recovery Act, Superfund Amendments and Reauthorization Act, Comprehensive Environmental Response, Compensation and Liability Act and other current and potential future federal, state or local regulations.

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