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M (Macy's) Cyclically Adjusted PS Ratio : 0.12 (As of Apr. 14, 2025)


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What is Macy's Cyclically Adjusted PS Ratio?

As of today (2025-04-14), Macy's's current share price is $11.37. Macy's's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2025 was $96.82. Macy's's Cyclically Adjusted PS Ratio for today is 0.12.

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

M' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.24   Max: 0.92
Current: 0.12

During the past years, Macy's's highest Cyclically Adjusted PS Ratio was 0.92. The lowest was 0.06. And the median was 0.24.

M's Cyclically Adjusted PS Ratio is ranked better than
84.33% of 721 companies
in the Retail - Cyclical industry
Industry Median: 0.5 vs M: 0.12

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.

Macy's's adjusted revenue per share data for the three months ended in Jan. 2025 was $28.343. 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 $96.82 for the trailing ten years ended in Jan. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Macy's Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Macy'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.

Macy's Cyclically Adjusted PS Ratio Chart

Macy's Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.29 0.25 0.19 0.16

Macy's Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 0.19 0.19 0.18 0.16 0.16

Competitive Comparison of Macy's's Cyclically Adjusted PS Ratio

For the Department Stores subindustry, Macy'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.


Macy's's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Macy's's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Macy'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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.37/96.82
=0.12

* 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.

Macy's's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2025 is calculated as:

For example, Macy's's adjusted Revenue per Share data for the three months ended in Jan. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=28.343/134.0288*134.0288
=28.343

Current CPI (Jan. 2025) = 134.0288.

Macy's Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201504 17.986 99.824 24.149
201507 17.900 100.691 23.827
201510 17.816 100.346 23.796
201601 28.156 99.957 37.753
201604 18.408 100.947 24.441
201607 18.844 101.524 24.877
201610 18.113 101.988 23.803
201701 30.218 102.456 39.530
201704 17.957 103.167 23.329
201707 18.933 103.278 24.570
201710 17.703 104.070 22.799
201801 28.956 104.578 37.111
201804 18.416 105.708 23.350
201807 18.455 106.324 23.264
201810 17.902 106.695 22.488
201901 27.869 106.200 35.172
201904 18.227 107.818 22.658
201907 18.363 108.250 22.736
201910 17.222 108.577 21.259
202001 27.517 108.841 33.885
202004 10.135 108.173 12.557
202007 11.976 109.318 14.683
202010 13.448 109.861 16.406
202101 22.598 110.364 27.444
202104 15.270 112.673 18.164
202107 18.343 115.183 21.344
202110 18.015 116.696 20.691
202201 29.630 118.619 33.479
202204 19.130 121.978 21.020
202207 21.031 125.002 22.550
202210 19.687 125.734 20.986
202301 30.830 126.223 32.737
202304 18.621 127.992 19.499
202307 19.284 128.974 20.040
202310 18.148 129.810 18.738
202401 29.943 130.124 30.841
202404 17.794 132.289 18.028
202407 18.097 132.708 18.277
202410 17.417 133.182 17.528
202501 28.343 134.029 28.343

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.


Macy's  (NYSE:M) 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.


Macy's Cyclically Adjusted PS Ratio Related Terms

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


Macy's Business Description

Address
151 West 34th Street, New York, NY, USA, 10001
Founded in 1858 and based in New York City, Macy's operates about 500 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and more than 160 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constituted 62% of Macy's 2023 sales.
Executives
Paul Griscom officer: Interim Principal Acctg. Offr. C/O MACY'S, INC., 145 PROGRESS PLACE, SPRINGDALE OH 45246
Adrian V Mitchell officer: Chief Financial Officer C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Danielle L. Kirgan officer: Chief Human Resources Officer C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Antony Spring officer: Chairman & CEO, Bloomingdale's C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Jeffrey Gennette officer: Chief Merchandising Officer C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Garcia C Elisa D officer: Chief Legal Officer 151 WEST 34TH STREET, NEW YORK NY 10001
Naveen K. Chopra director C/O 2160 GOLD STREET, SAN JOSE CA 95002
Emilie Arel director C/O CASPER SLEEP INC., 175 GREENWICH ST., THREE WORLD TRADE CENTER, FLOOR 39, NEW YORK NY 10007
Jill Granoff director LIZ CLAIBORNE, INC., 1441 BROADWAY, NEW YORK NY 10018
Marie A Chandoha director C/O THE CHARLES SCHWAB CORPORATION, 211 MAIN STREET, SAN FRANCISCO CA 94105
Ashley Buchanan director C/O THE MICHAELS COMPANIES, INC., 8000 BENT BRANCH DRIVE, IRVING TX 75063
Tracey Zhen director C/O MACY'S, INC., 145 PROGRESS PLACE, SPRINGDALE OH 45246
John T. Harper officer: Chief Operations Officer C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Paul C Varga director 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Felicia Williams officer: EVP,Controller/Enterprise Risk C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001