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Nasdaq (LTS:0K4T) Cyclically Adjusted PS Ratio : 5.62 (As of May. 17, 2024)


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What is Nasdaq Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Nasdaq's current share price is $62.2008. Nasdaq's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $11.07. Nasdaq's Cyclically Adjusted PS Ratio for today is 5.62.

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

LTS:0K4T' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.9   Med: 4.2   Max: 8.05
Current: 5.61

During the past years, Nasdaq's highest Cyclically Adjusted PS Ratio was 8.05. The lowest was 1.90. And the median was 4.20.

LTS:0K4T's Cyclically Adjusted PS Ratio is ranked worse than
67.41% of 580 companies
in the Capital Markets industry
Industry Median: 3.135 vs LTS:0K4T: 5.61

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.

Nasdaq's adjusted revenue per share data for the three months ended in Mar. 2024 was $2.892. 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 $11.07 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nasdaq Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Nasdaq'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.

Nasdaq Cyclically Adjusted PS Ratio Chart

Nasdaq 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 4.79 5.48 7.74 6.06 5.37

Nasdaq 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 5.25 4.70 4.50 5.37 5.69

Competitive Comparison of Nasdaq's Cyclically Adjusted PS Ratio

For the Financial Data & Stock Exchanges subindustry, Nasdaq'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.


Nasdaq's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nasdaq's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Nasdaq 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.

Nasdaq's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=62.2008/11.07
=5.62

* 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.

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

For example, Nasdaq'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)
=2.892/131.7762*131.7762
=2.892

Current CPI (Mar. 2024) = 131.7762.

Nasdaq Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.672 100.560 2.191
201409 1.575 100.428 2.067
201412 1.775 99.070 2.361
201503 1.656 99.621 2.191
201506 1.563 100.684 2.046
201509 1.693 100.392 2.222
201512 1.706 99.792 2.253
201603 1.792 100.470 2.350
201606 1.778 101.688 2.304
201609 1.827 101.861 2.364
201612 1.915 101.863 2.477
201703 1.897 102.862 2.430
201706 1.967 103.349 2.508
201709 1.892 104.136 2.394
201712 2.002 104.011 2.536
201803 2.270 105.290 2.841
201806 2.045 106.317 2.535
201809 1.921 106.507 2.377
201812 2.266 105.998 2.817
201903 2.074 107.251 2.548
201906 2.117 108.070 2.581
201909 2.187 108.329 2.660
201912 2.120 108.420 2.577
202003 2.704 108.902 3.272
202006 2.806 108.767 3.400
202009 2.812 109.815 3.374
202012 2.914 109.897 3.494
202103 3.294 111.754 3.884
202106 2.828 114.631 3.251
202109 2.658 115.734 3.026
202112 2.881 117.630 3.227
202203 3.059 121.301 3.323
202206 3.125 125.017 3.294
202209 3.137 125.227 3.301
202212 3.183 125.222 3.350
202303 3.098 127.348 3.206
202306 2.903 128.729 2.972
202309 2.937 129.860 2.980
202312 2.989 129.419 3.043
202403 2.892 131.776 2.892

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.


Nasdaq  (LTS:0K4T) 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.


Nasdaq Cyclically Adjusted PS Ratio Related Terms

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


Nasdaq (LTS:0K4T) Business Description

Address
151 W. 42nd Street, New York, NY, USA, 10036
Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its market-services business (about 35% of sales), the company sells and distributes market data as well as offers Nasdaq-branded indexes to asset managers and investors through its information-services segment (30%). Nasdaq's corporate-services business (20%) offers listing services and related investor relations products to publicly traded companies and through the company's market technology group (15%), Nasdaq facilitates the exchange operations of other exchanges throughout the world and provides financial compliance services.

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