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H&R Block (FRA:HRB) Cyclically Adjusted PS Ratio : 2.56 (As of Jun. 02, 2025)


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What is H&R Block Cyclically Adjusted PS Ratio?

As of today (2025-06-02), H&R Block's current share price is €49.40. H&R Block's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was €19.33. H&R Block's Cyclically Adjusted PS Ratio for today is 2.56.

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

FRA:HRB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.92   Med: 2.05   Max: 3.28
Current: 2.64

During the past years, H&R Block's highest Cyclically Adjusted PS Ratio was 3.28. The lowest was 0.92. And the median was 2.05.

FRA:HRB's Cyclically Adjusted PS Ratio is ranked worse than
67.39% of 46 companies
in the Personal Services industry
Industry Median: 1.34 vs FRA:HRB: 2.64

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.

H&R Block's adjusted revenue per share data for the three months ended in Mar. 2025 was €15.564. 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 €19.33 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


H&R Block Cyclically Adjusted PS Ratio Historical Data

The historical data trend for H&R Block'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.

H&R Block Cyclically Adjusted PS Ratio Chart

H&R Block Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Jun22 Jun23 Jun24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.28 1.57 2.13 1.77 2.76

H&R Block Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.46 2.76 3.21 2.66 2.55

Competitive Comparison of H&R Block's Cyclically Adjusted PS Ratio

For the Personal Services subindustry, H&R Block'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.


H&R Block's Cyclically Adjusted PS Ratio Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, H&R Block's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where H&R Block's Cyclically Adjusted PS Ratio falls into.


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H&R Block 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.

H&R Block's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=49.40/19.33
=2.56

* 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.

H&R Block's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, H&R Block's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=15.564/134.9266*134.9266
=15.564

Current CPI (Mar. 2025) = 134.9266.

H&R Block Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201504 7.496 99.824 10.132
201507 0.454 100.691 0.608
201510 0.430 100.346 0.578
201601 1.885 99.957 2.544
201604 8.826 100.947 11.797
201607 0.514 101.524 0.683
201610 0.553 101.988 0.732
201701 2.044 102.456 2.692
201704 10.221 103.167 13.367
201707 0.575 103.278 0.751
201710 0.573 104.070 0.743
201801 1.916 104.578 2.472
201804 9.080 105.708 11.590
201807 0.598 106.324 0.759
201810 0.630 106.695 0.797
201901 1.996 106.200 2.536
201904 9.972 107.818 12.479
201907 0.664 108.250 0.828
201910 0.734 108.577 0.912
202001 2.410 108.841 2.988
202004 8.397 108.173 10.474
202007 2.694 109.318 3.325
202010 0.791 109.861 0.971
202101 1.380 110.364 1.687
202104 10.273 112.673 12.302
202109 0.919 115.734 1.071
202112 0.811 117.630 0.930
202203 11.304 121.301 12.574
202206 6.083 125.017 6.565
202209 1.141 125.227 1.229
202212 1.019 125.222 1.098
202303 12.570 127.348 13.318
202306 6.205 128.729 6.504
202309 1.177 129.860 1.223
202312 1.154 129.419 1.203
202403 14.201 131.776 14.541
202406 6.963 132.554 7.088
202409 1.255 133.029 1.273
202412 1.261 133.157 1.278
202503 15.564 134.927 15.564

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.


H&R Block  (FRA:HRB) 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.


H&R Block Cyclically Adjusted PS Ratio Related Terms

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


H&R Block Business Description

Traded in Other Exchanges
Address
One H&R Block Way, Kansas City, MO, USA, 64105
H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives the majority of its total revenue from the U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively.