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PepsiCo (MIL:1PEP) Cyclically Adjusted PS Ratio : 2.77 (As of Dec. 14, 2024)


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What is PepsiCo Cyclically Adjusted PS Ratio?

As of today (2024-12-14), PepsiCo's current share price is €151.90. PepsiCo's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was €54.83. PepsiCo's Cyclically Adjusted PS Ratio for today is 2.77.

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

MIL:1PEP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.24   Med: 2.85   Max: 3.43
Current: 2.59

During the past years, PepsiCo's highest Cyclically Adjusted PS Ratio was 3.43. The lowest was 2.24. And the median was 2.85.

MIL:1PEP's Cyclically Adjusted PS Ratio is ranked worse than
75.32% of 77 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.57 vs MIL:1PEP: 2.59

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.

PepsiCo's adjusted revenue per share data for the three months ended in Sep. 2024 was €15.247. 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 €54.83 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PepsiCo Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PepsiCo'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.

PepsiCo Cyclically Adjusted PS Ratio Chart

PepsiCo 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 2.95 3.10 3.35 3.22 2.88

PepsiCo Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.88 2.88 2.90 2.71 2.78

Competitive Comparison of PepsiCo's Cyclically Adjusted PS Ratio

For the Beverages - Non-Alcoholic subindustry, PepsiCo'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.


PepsiCo's Cyclically Adjusted PS Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PepsiCo's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



PepsiCo 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=151.90/54.83
=2.77

* 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.

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

For example, PepsiCo's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=15.247/133.0289*133.0289
=15.247

Current CPI (Sep. 2024) = 133.0289.

PepsiCo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 10.700 99.070 14.368
201503 7.511 99.621 10.030
201506 9.515 100.684 12.572
201509 9.812 100.392 13.002
201512 11.654 99.792 15.535
201603 7.301 100.470 9.667
201606 9.410 101.688 12.310
201609 9.835 101.861 12.844
201612 12.847 101.863 16.778
201703 7.823 102.862 10.117
201706 9.703 103.349 12.490
201709 9.475 104.136 12.104
201712 11.522 104.011 14.736
201803 7.124 105.290 9.001
201806 9.659 106.317 12.086
201809 9.921 106.507 12.392
201812 12.094 105.998 15.178
201903 8.070 107.251 10.010
201906 10.332 108.070 12.718
201909 11.108 108.329 13.641
201912 13.259 108.420 16.268
202003 8.999 108.902 10.993
202006 10.165 108.767 12.432
202009 11.050 109.815 13.386
202012 13.289 109.897 16.086
202103 8.975 111.754 10.684
202106 11.491 114.631 13.335
202109 12.355 115.734 14.201
202112 16.052 117.630 18.153
202203 10.575 121.301 11.597
202206 13.775 125.017 14.658
202209 15.999 125.227 16.996
202212 19.137 125.222 20.330
202303 12.043 127.348 12.580
202306 14.887 128.729 15.384
202309 15.890 129.860 16.278
202312 18.506 129.419 19.022
202403 12.167 131.776 12.283
202406 15.158 132.554 15.212
202409 15.247 133.029 15.247

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.


PepsiCo  (MIL:1PEP) 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.


PepsiCo Cyclically Adjusted PS Ratio Related Terms

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


PepsiCo Business Description

Address
700 Anderson Hill Road, Purchase, NY, USA, 10577
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets make up 40% of total sales and one third of operating profits.

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