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Vestas Wind Systems A/S (HAM:VWSB) Cyclically Adjusted PS Ratio : 1.97 (As of May. 21, 2024)


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What is Vestas Wind Systems A/S Cyclically Adjusted PS Ratio?

As of today (2024-05-21), Vestas Wind Systems A/S's current share price is €25.61. Vestas Wind Systems A/S's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €13.03. Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio for today is 1.97.

The historical rank and industry rank for Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio or its related term are showing as below:

HAM:VWSB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.37   Med: 2.08   Max: 4.52
Current: 1.95

During the past years, Vestas Wind Systems A/S's highest Cyclically Adjusted PS Ratio was 4.52. The lowest was 1.37. And the median was 2.08.

HAM:VWSB's Cyclically Adjusted PS Ratio is ranked worse than
59.54% of 2195 companies
in the Industrial Products industry
Industry Median: 1.43 vs HAM:VWSB: 1.95

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.

Vestas Wind Systems A/S's adjusted revenue per share data for the three months ended in Mar. 2024 was €2.654. 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 €13.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vestas Wind Systems A/S Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Vestas Wind Systems A/S'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.

Vestas Wind Systems A/S Cyclically Adjusted PS Ratio Chart

Vestas Wind Systems A/S 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 2.17 4.17 2.57 2.27 2.23

Vestas Wind Systems A/S 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 2.18 1.97 1.59 2.23 1.96

Competitive Comparison of Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, Vestas Wind Systems A/S'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.


Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio falls into.



Vestas Wind Systems A/S 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.

Vestas Wind Systems A/S's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=25.61/13.03
=1.97

* 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.

Vestas Wind Systems A/S's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Vestas Wind Systems A/S'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)
=2.654/118.4000*118.4000
=2.654

Current CPI (Mar. 2024) = 118.4000.

Vestas Wind Systems A/S Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.214 99.700 1.442
201409 1.635 99.700 1.942
201412 2.205 99.400 2.626
201503 1.356 100.200 1.602
201506 1.567 100.300 1.850
201509 1.893 100.200 2.237
201512 2.753 99.800 3.266
201603 1.339 100.200 1.582
201606 2.318 100.600 2.728
201609 2.631 100.200 3.109
201612 3.059 100.300 3.611
201703 1.767 101.200 2.067
201706 2.064 101.200 2.415
201709 2.580 101.800 3.001
201712 2.984 101.300 3.488
201803 1.661 101.700 1.934
201806 2.260 102.300 2.616
201809 2.764 102.400 3.196
201812 3.422 102.100 3.968
201903 1.799 102.900 2.070
201906 2.121 102.900 2.440
201909 3.646 102.900 4.195
201912 4.792 102.900 5.514
202003 2.283 103.300 2.617
202006 5.059 103.200 5.804
202009 4.871 103.500 5.572
202012 4.132 103.400 4.731
202103 2.020 104.300 2.293
202106 3.450 105.000 3.890
202109 5.297 105.800 5.928
202112 4.314 106.600 4.792
202203 2.460 109.900 2.650
202206 3.333 113.600 3.474
202209 3.993 116.400 4.062
202212 4.681 115.900 4.782
202303 2.801 117.300 2.827
202306 3.578 116.400 3.639
202309 4.503 117.400 4.541
202312 4.789 116.700 4.859
202403 2.654 118.400 2.654

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.


Vestas Wind Systems A/S  (HAM:VWSB) 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.


Vestas Wind Systems A/S Cyclically Adjusted PS Ratio Related Terms

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


Vestas Wind Systems A/S (HAM:VWSB) Business Description

Address
Hedeager 42, Aarhus, DNK, 8200
Vestas is a leading manufacturer of wind turbines with the highest installed capacity under service in the world. The firm operates two business segments: power solutions and services. The power solutions segment designs, manufactures, and installs onshore and offshore wind turbines. The services segment performs operating and maintenance service work on wind turbines.

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