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Target (MIL:1TGT) Cyclically Adjusted PS Ratio : (As of May. 23, 2024)


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What is Target Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Target Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Target'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.

Target Cyclically Adjusted PS Ratio Chart

Target Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 1.31 1.40 0.97 0.73

Target Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 0.87 0.74 0.59 0.73 -

Competitive Comparison of Target's Cyclically Adjusted PS Ratio

For the Discount Stores subindustry, Target'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.


Target's Cyclically Adjusted PS Ratio Distribution in the Retail - Defensive Industry

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

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



Target 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=49.284/131.7762*131.7762
=49.284

Current CPI (Apr. 2024) = 131.7762.

Target Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201407 19.629 100.520 25.732
201410 21.284 100.176 27.998
201501 29.065 98.604 38.843
201504 24.471 99.824 32.304
201507 24.713 100.691 32.342
201510 24.957 100.346 32.774
201601 32.360 99.957 42.661
201604 23.631 100.947 30.848
201607 24.937 101.524 32.368
201610 25.972 101.988 33.558
201701 35.745 102.456 45.974
201704 27.262 103.167 34.822
201707 26.131 103.278 33.342
201710 26.209 104.070 33.187
201801 34.529 104.578 43.509
201804 25.280 105.708 31.514
201807 28.373 106.324 35.165
201810 29.187 106.695 36.048
201901 38.397 106.200 47.644
201904 30.198 107.818 36.908
201907 31.840 108.250 38.760
201910 32.776 108.577 39.779
202001 41.177 108.841 49.854
202004 35.678 108.173 43.463
202007 39.628 109.318 47.769
202010 38.063 109.861 45.656
202101 45.981 110.364 54.902
202104 40.184 112.673 46.997
202107 42.785 115.183 48.949
202110 45.182 116.696 51.021
202201 57.037 118.619 63.363
202204 49.823 121.978 53.825
202207 55.208 125.002 58.200
202210 58.196 125.734 60.992
202301 62.939 126.223 65.708
202304 49.889 127.992 51.364
202307 48.421 128.974 49.473
202310 51.993 129.810 52.781
202401 63.273 130.124 64.076
202404 49.284 131.776 49.284

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.


Target  (MIL:1TGT) 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.


Target Cyclically Adjusted PS Ratio Related Terms

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Target (MIL:1TGT) Business Description

Address
1000 Nicollet Mall, Minneapolis, MN, USA, 55403
Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top U.S. retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.

Target (MIL:1TGT) Headlines

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