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Toll Brothers (FRA:TLK) Cyclically Adjusted PS Ratio : 2.16 (As of May. 13, 2024)


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What is Toll Brothers Cyclically Adjusted PS Ratio?

As of today (2024-05-13), Toll Brothers's current share price is €118.50. Toll Brothers's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was €54.95. Toll Brothers's Cyclically Adjusted PS Ratio for today is 2.16.

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

FRA:TLK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.57   Max: 2.68
Current: 2.14

During the past years, Toll Brothers's highest Cyclically Adjusted PS Ratio was 2.68. The lowest was 0.59. And the median was 1.57.

FRA:TLK's Cyclically Adjusted PS Ratio is ranked worse than
82.43% of 74 companies
in the Homebuilding & Construction industry
Industry Median: 0.875 vs FRA:TLK: 2.14

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.

Toll Brothers's adjusted revenue per share data for the three months ended in Jan. 2024 was €16.827. 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 €54.95 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toll Brothers Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Toll Brothers'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.

Toll Brothers Cyclically Adjusted PS Ratio Chart

Toll Brothers Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 1.37 1.55 0.87 1.22

Toll Brothers Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.17 1.19 1.44 1.22 1.67

Competitive Comparison of Toll Brothers's Cyclically Adjusted PS Ratio

For the Residential Construction subindustry, Toll Brothers'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.


Toll Brothers's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Toll Brothers's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Toll Brothers 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.

Toll Brothers's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=118.50/54.95
=2.16

* 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.

Toll Brothers's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Toll Brothers's adjusted Revenue per Share data for the three months ended in Jan. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=16.827/129.4194*129.4194
=16.827

Current CPI (Jan. 2024) = 129.4194.

Toll Brothers Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 3.341 100.023 4.323
201407 4.188 100.520 5.392
201410 5.740 100.176 7.416
201501 3.991 98.604 5.238
201504 4.262 99.824 5.526
201507 5.048 100.691 6.488
201510 6.932 100.346 8.940
201601 4.689 99.957 6.071
201604 5.571 100.947 7.142
201607 6.628 101.524 8.449
201610 9.813 101.988 12.452
201701 5.079 102.456 6.416
201704 7.422 103.167 9.311
201707 7.595 103.278 9.517
201710 10.487 104.070 13.041
201801 6.066 104.578 7.507
201804 8.402 105.708 10.287
201807 10.693 106.324 13.016
201810 14.278 106.695 17.319
201901 8.067 106.200 9.831
201904 10.311 107.818 12.377
201907 10.767 108.250 12.873
201910 14.980 108.577 17.856
202001 8.576 108.841 10.197
202004 11.064 108.173 13.237
202007 11.278 109.318 13.352
202010 16.788 109.861 19.777
202101 10.062 110.364 11.799
202104 12.806 112.673 14.709
202107 15.191 115.183 17.069
202110 21.133 116.696 23.437
202201 12.887 118.619 14.060
202204 17.734 121.978 18.816
202207 21.082 125.002 21.827
202210 33.111 125.734 34.081
202301 14.706 126.223 15.078
202304 20.380 127.992 20.607
202307 21.864 128.974 21.939
202310 26.387 129.810 26.308
202401 16.827 129.419 16.827

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.


Toll Brothers  (FRA:TLK) 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.


Toll Brothers Cyclically Adjusted PS Ratio Related Terms

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


Toll Brothers (FRA:TLK) Business Description

Traded in Other Exchanges
Address
1140 Virginia Drive, Fort Washington, PA, USA, 19034
Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in over 60 markets across 24 states and caters to move-up, active-adult, and second-home buyers. Traditional homebuilding operations represent most of company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the U.S. It has its headquarters in Horsham, Pennsylvania.

Toll Brothers (FRA:TLK) Headlines