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Textron (LTS:0LF0) Cyclically Adjusted PS Ratio : 1.34 (As of May. 21, 2024)


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What is Textron Cyclically Adjusted PS Ratio?

As of today (2024-05-21), Textron's current share price is $88.57. Textron's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $66.18. Textron's Cyclically Adjusted PS Ratio for today is 1.34.

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

LTS:0LF0' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.99   Max: 1.48
Current: 1.35

During the past years, Textron's highest Cyclically Adjusted PS Ratio was 1.48. The lowest was 0.44. And the median was 0.99.

LTS:0LF0's Cyclically Adjusted PS Ratio is ranked better than
53.74% of 214 companies
in the Aerospace & Defense industry
Industry Median: 1.545 vs LTS:0LF0: 1.35

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.

Textron's adjusted revenue per share data for the three months ended in Mar. 2024 was $16.088. 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 $66.18 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Textron Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Textron'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.

Textron Cyclically Adjusted PS Ratio Chart

Textron 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 0.88 0.92 1.35 1.15 1.24

Textron 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 1.13 1.06 1.21 1.24 1.45

Competitive Comparison of Textron's Cyclically Adjusted PS Ratio

For the Aerospace & Defense subindustry, Textron'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.


Textron's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Textron's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Textron 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=88.57/66.18
=1.34

* 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.

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

For example, Textron'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)
=16.088/131.7762*131.7762
=16.088

Current CPI (Mar. 2024) = 131.7762.

Textron Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 12.395 100.560 16.243
201409 12.205 100.428 16.015
201412 14.634 99.070 19.465
201503 10.972 99.621 14.513
201506 11.599 100.684 15.181
201509 11.437 100.392 15.012
201512 14.177 99.792 18.721
201603 11.724 100.470 15.377
201606 12.941 101.688 16.770
201609 11.948 101.861 15.457
201612 13.995 101.863 18.105
201703 11.337 102.862 14.524
201706 13.383 103.349 17.064
201709 13.049 104.136 16.513
201712 15.113 104.011 19.147
201803 12.500 105.290 15.645
201806 14.488 106.317 17.957
201809 12.832 106.507 15.876
201812 15.457 105.998 19.216
201903 13.149 107.251 16.156
201906 13.817 108.070 16.848
201909 14.102 108.329 17.154
201912 17.561 108.420 21.344
202003 12.131 108.902 14.679
202006 10.830 108.767 13.121
202009 11.929 109.815 14.315
202012 15.985 109.897 19.167
202103 12.611 111.754 14.870
202106 13.968 114.631 16.057
202109 13.201 115.734 15.031
202112 14.917 117.630 16.711
202203 13.665 121.301 14.845
202206 14.558 125.017 15.345
202209 14.441 125.227 15.196
202212 17.274 125.222 18.178
202303 14.608 127.348 15.116
202306 16.908 128.729 17.308
202309 16.716 129.860 16.963
202312 19.698 129.419 20.057
202403 16.088 131.776 16.088

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.


Textron  (LTS:0LF0) 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.


Textron Cyclically Adjusted PS Ratio Related Terms

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


Textron (LTS:0LF0) Business Description

Traded in Other Exchanges
Address
40 Westminster Street, Providence, RI, USA, 02903
Textron is a conglomerate that mostly designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.

Textron (LTS:0LF0) Headlines

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