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Acino Holding AG (FRA:S3H) Cyclically Adjusted PS Ratio : (As of Jun. 10, 2024)


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What is Acino Holding AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Acino Holding AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Acino Holding AG'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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Acino Holding AG Cyclically Adjusted PS Ratio Chart

Acino Holding AG Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted PS Ratio
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Acino Holding AG Semi-Annual Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
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Competitive Comparison of Acino Holding AG's Cyclically Adjusted PS Ratio

For the Drug Manufacturers - General subindustry, Acino Holding AG'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.


Acino Holding AG's Cyclically Adjusted PS Ratio Distribution in the Drug Manufacturers Industry

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

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



Acino Holding AG 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.

Acino Holding AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec13 is calculated as:

For example, Acino Holding AG's adjusted Revenue per Share data for the fiscal year that ended in Dec13 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec13 (Change)*Current CPI (Dec13)
=76.114/101.0356*101.0356
=76.114

Current CPI (Dec13) = 101.0356.

Acino Holding AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
200412 49.188 97.056 51.205
200512 64.298 98.033 66.267
200612 47.480 98.642 48.632
200712 35.331 100.619 35.477
200812 49.068 101.324 48.928
200912 49.696 101.610 49.415
201012 40.054 102.138 39.622
201112 42.528 101.408 42.372
201212 75.330 100.968 75.381
201312 76.114 101.036 76.114

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.


Acino Holding AG  (FRA:S3H) 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.


Acino Holding AG Cyclically Adjusted PS Ratio Related Terms

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Acino Holding AG (FRA:S3H) Business Description

Traded in Other Exchanges
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Acino Holding AG is a Switzerland-based company engaged in the pharmaceutical industry. The Company develops, manufactures, and markets pharmaceuticals in novel drug delivery forms internationally. It is divided into four segments Business to Consumer (BtC); Business to Business (BtB); Technology marketing (TM); and Production (Prod). The BtC segment comprises all direct marketing activities. Under the company's "Acino Switzerland" brand and, with the promise of Swiss quality, the company sells its products in emerging markets around the globe. This reporting segment includes the business purchased from Mepha/Cephalon in the Middle East, Africa, Latin America and Asia. The BtB segment comprises Acino's business with its internally developed products, for which the company also owns the intellectual property rights. Acino develops and produces high-quality medicines with proven active ingredients and modern drug delivery systems and grants licenses for them to leading pharmaceutical and generic pharmaceutical companies worldwide. The technology marketing segment comprises a broad spectrum of fully integrated contract services, including procurement, contract development, production and packaging for companies in the life sciences industry. On behalf of these customers, Acino develops a comprehensive product pipeline on the basis of its special technological know-how. This includes both new types of medicines as well as projects with innovative drug delivery systems for established active ingredients. The production segment is responsible for the manufacturing of products and the supplying of the other three segments, and generates turnover through the reimbursement of its services. The manufacturing costs of products are credited to the production segment at standard prices along with remuneration in the form of a mark-up for materials and production costs.

Acino Holding AG (FRA:S3H) Headlines

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