GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aflac Inc (NYSE:AFL) » Definitions » Cyclically Adjusted PS Ratio

Aflac (AFL) Cyclically Adjusted PS Ratio : 2.55 (As of May. 24, 2024)


View and export this data going back to 1974. Start your Free Trial

What is Aflac Cyclically Adjusted PS Ratio?

As of today (2024-05-24), Aflac's current share price is $87.69. Aflac's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $34.45. Aflac's Cyclically Adjusted PS Ratio for today is 2.55.

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

AFL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.66   Max: 2.57
Current: 2.52

During the past years, Aflac's highest Cyclically Adjusted PS Ratio was 2.57. The lowest was 0.96. And the median was 1.66.

AFL's Cyclically Adjusted PS Ratio is ranked worse than
84.56% of 395 companies
in the Insurance industry
Industry Median: 1.04 vs AFL: 2.52

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.

Aflac's adjusted revenue per share data for the three months ended in Mar. 2024 was $9.424. 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 $34.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aflac Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Aflac'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.

Aflac Cyclically Adjusted PS Ratio Chart

Aflac 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 1.89 1.54 1.87 2.19 2.45

Aflac 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 1.94 2.07 2.26 2.45 2.49

Competitive Comparison of Aflac's Cyclically Adjusted PS Ratio

For the Insurance - Life subindustry, Aflac'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.


Aflac's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

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

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



Aflac 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=87.69/34.45
=2.55

* 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.

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

For example, Aflac'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)
=9.424/131.7762*131.7762
=9.424

Current CPI (Mar. 2024) = 131.7762.

Aflac Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.405 100.560 8.393
201409 6.276 100.428 8.235
201412 6.058 99.070 8.058
201503 5.941 99.621 7.859
201506 6.066 100.684 7.939
201509 5.857 100.392 7.688
201512 6.159 99.792 8.133
201603 6.454 100.470 8.465
201606 6.543 101.688 8.479
201609 6.932 101.861 8.968
201612 7.249 101.863 9.378
201703 6.548 102.862 8.389
201706 6.775 103.349 8.639
201709 6.906 104.136 8.739
201712 6.844 104.011 8.671
201803 6.950 105.290 8.698
201806 7.162 106.317 8.877
201809 7.204 106.507 8.913
201812 6.705 105.998 8.336
201903 7.462 107.251 9.168
201906 7.335 108.070 8.944
201909 7.420 108.329 9.026
201912 7.577 108.420 9.209
202003 7.040 108.902 8.519
202006 7.452 108.767 9.028
202009 7.883 109.815 9.459
202012 8.736 109.897 10.475
202103 8.372 111.754 9.872
202106 8.111 114.631 9.324
202109 7.833 115.734 8.919
202112 7.386 117.630 8.274
202203 7.889 121.301 8.570
202206 8.289 125.017 8.737
202209 7.455 125.227 7.845
202212 6.352 125.222 6.684
202303 7.864 127.348 8.137
202306 8.580 128.729 8.783
202309 8.388 129.860 8.512
202312 6.596 129.419 6.716
202403 9.424 131.776 9.424

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.


Aflac  (NYSE:AFL) 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.


Aflac Cyclically Adjusted PS Ratio Related Terms

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


Aflac (AFL) Business Description

Industry
Traded in Other Exchanges
Address
1932 Wynnton Road, Columbus, GA, USA, 31999
Aflac Inc offers supplemental health insurance and life insurance in the two largest insurance markets in the world, the U.S. and Japan. In addition to its cancer policies, the company has broadened its product offerings to include accident, disability, and long-term-care insurance. It markets its products through independent distributors, selling most of its policies directly to consumers at their places of work.
Executives
Steven Kent Beaver officer: SVP, CFO, Aflac US 1932 WYNNTON ROAD, COLUMBUS GA 31999
Masatoshi Koide officer: Deputy President, Aflac Japan 1932 WYNNTON RD, COLUMBUS GA 31999
June P Howard officer: Sr. Vice President 1932 WYNNTON RD, COLUMBUS GA 31999
Lake Charles D Ii officer: President AFLAC Japan AFLAC INC, 1932 WYNNTON RD, COLUMBUS GA 31999
Frederick John Crawford officer: EVP, Chief Financial Officer AFLAC INCORPORATED, COLUMBUS GA 31999
William P Bowers director 600 NORTH 18TH STREET, BIN 15N-8170, BIRMINGHAM AL 35203
Joseph L Moskowitz director 1932 WYNNTON ROAD, COLUMBUS GA 31999
Simard Frederic Jean Guy officer: SVP, CFO, Aflac U.S. 1932 WYNNTON ROAD, COLUMBUS GA 31999
James Todd Daniels officer: Sr. Vice President 1932 WYNNTON ROAD, COLUMBUS GA 31999
Albert Riggieri officer: SVP, Corporate Actuary 1932 WYNNTON RD, COLUMBUS GA 31999
Virgil Raynard Miller officer: President, Aflac U.S. 1932 WYNNTON ROAD, COLUMBUS GA 31999
Barbara K Rimer director 1932 WYNNTON ROAD, COLUMBUS GA 31999
Miwako Hosoda director 1932 WYNNTON ROAD, COLUMBUS GA 31999
Bradley Eugene Dyslin officer: Executive Vice President 1932 WYNNTON ROAD, COLUMBUS GA 31999
Audrey B Tillman officer: Executive Vice President 1932 WYNNTON RD, COLUMBUS GA 31999

Aflac (AFL) Headlines

From GuruFocus

Q3 2022 Aflac Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2021 Aflac Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2020 Aflac Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q2 2023 Aflac Inc Earnings Call(Pre-Recorded) Transcript

By GuruFocus Research 01-22-2024

Q3 2021 Aflac Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2023 Aflac Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Aflac Inc Financial Analysts Briefing Transcript

By GuruFocus Research 01-22-2024