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Bechtle AG (HAM:BC8) Cyclically Adjusted PS Ratio : 1.06 (As of Jun. 19, 2024)


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What is Bechtle AG Cyclically Adjusted PS Ratio?

As of today (2024-06-19), Bechtle AG's current share price is €43.92. Bechtle AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €41.37. Bechtle AG's Cyclically Adjusted PS Ratio for today is 1.06.

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

HAM:BC8' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.29   Max: 2.32
Current: 1.07

During the past years, Bechtle AG's highest Cyclically Adjusted PS Ratio was 2.32. The lowest was 0.93. And the median was 1.29.

HAM:BC8's Cyclically Adjusted PS Ratio is ranked better than
64.72% of 1457 companies
in the Software industry
Industry Median: 1.84 vs HAM:BC8: 1.07

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.

Bechtle AG's adjusted revenue per share data for the three months ended in Mar. 2024 was €11.932. 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 €41.37 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bechtle AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Bechtle 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.

* Premium members only.

Bechtle AG Cyclically Adjusted PS Ratio Chart

Bechtle AG 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 1.68 2.18 2.03 0.91 1.12

Bechtle AG 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 1.16 0.93 1.11 1.12 1.18

Competitive Comparison of Bechtle AG's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, Bechtle 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.


Bechtle AG's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Bechtle AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Bechtle 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.

Bechtle AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=43.92/41.37
=1.06

* 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.

Bechtle AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bechtle AG's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=11.932/125.0381*125.0381
=11.932

Current CPI (Mar. 2024) = 125.0381.

Bechtle AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.791 99.543 6.018
201409 4.907 99.823 6.147
201412 6.125 99.543 7.694
201503 4.940 99.717 6.194
201506 5.445 100.417 6.780
201509 5.446 100.417 6.781
201512 6.640 99.717 8.326
201603 5.594 100.017 6.993
201606 5.741 100.717 7.127
201609 5.794 101.017 7.172
201612 7.423 101.217 9.170
201703 6.374 101.417 7.859
201706 6.525 102.117 7.990
201709 6.936 102.717 8.443
201712 8.499 102.617 10.356
201803 7.582 102.917 9.212
201806 7.658 104.017 9.206
201809 8.330 104.718 9.946
201812 10.741 104.217 12.887
201903 9.841 104.217 11.807
201906 10.006 105.718 11.835
201909 10.129 106.018 11.946
201912 12.678 105.818 14.981
202003 10.759 105.718 12.725
202006 10.401 106.618 12.198
202009 10.880 105.818 12.856
202012 8.041 105.518 9.529
202103 10.249 107.518 11.919
202106 9.828 108.486 11.328
202109 10.137 109.435 11.582
202112 11.894 110.384 13.473
202203 10.946 113.968 12.009
202206 11.251 115.760 12.153
202209 11.618 118.818 12.226
202212 14.028 119.345 14.697
202303 12.210 122.402 12.473
202306 11.984 123.140 12.169
202309 11.739 124.195 11.819
202312 15.041 123.773 15.195
202403 11.932 125.038 11.932

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.


Bechtle AG  (HAM:BC8) 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.


Bechtle AG Cyclically Adjusted PS Ratio Related Terms

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


Bechtle AG (HAM:BC8) Business Description

Industry
Traded in Other Exchanges
Address
Bechtle Platz 1, Neckarsulm, BW, DEU, 74172
Bechtle AG is an information technology provider with operations in Germany, Austria, Switzerland, and other European countries. The company's customers are mainly in the industrial, trade, financial, and public sectors. Bechtle operates through two segments: IT System House and Managed Services, and IT E-commerce. The IT System House and Managed Services segment consist of IT strategy consulting, hardware and software sales, project planning and roll-out, system integrations, IT services and training, and client management, among others. The IT E-commerce segment includes e-procurement services, software solutions, and product marketing through the Internet and telemarketing.

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