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Raytheon Co (Raytheon Co) Cyclically Adjusted PS Ratio : (As of May. 25, 2024)


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What is Raytheon Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Raytheon Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Raytheon Co'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.

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Raytheon Co Cyclically Adjusted PS Ratio Chart

Raytheon Co Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted PS Ratio
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Raytheon Co Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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Competitive Comparison of Raytheon Co's Cyclically Adjusted PS Ratio

For the Aerospace & Defense subindustry, Raytheon Co'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.


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

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

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



Raytheon Co 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.

Raytheon Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2019 is calculated as:

For example, Raytheon Co's adjusted Revenue per Share data for the three months ended in Dec. 2019 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=28.067/108.4201*108.4201
=28.067

Current CPI (Dec. 2019) = 108.4201.

Raytheon Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201003 15.747 91.821 18.594
201006 15.567 91.962 18.353
201009 16.748 92.162 19.703
201012 18.726 92.474 21.955
201103 16.774 94.283 19.289
201106 17.365 95.235 19.769
201109 17.405 95.727 19.713
201112 18.604 95.213 21.184
201203 17.532 96.783 19.640
201206 17.919 96.819 20.066
201209 18.153 97.633 20.159
201212 19.477 96.871 21.799
201303 17.913 98.209 19.775
201306 18.781 98.518 20.669
201309 18.070 98.790 19.831
201312 18.361 98.326 20.246
201403 17.441 99.695 18.967
201406 18.185 100.560 19.606
201409 17.579 100.428 18.978
201412 19.842 99.070 21.715
201503 17.135 99.621 18.648
201506 19.130 100.684 20.600
201509 19.004 100.392 20.524
201512 21.185 99.792 23.017
201603 19.366 100.470 20.898
201606 20.259 101.688 21.600
201609 20.352 101.861 21.663
201612 21.306 101.863 22.678
201703 20.492 102.862 21.599
201706 21.510 103.349 22.565
201709 21.595 104.136 22.483
201712 23.398 104.011 24.390
201803 21.700 105.290 22.345
201806 23.035 106.317 23.491
201809 23.797 106.507 24.225
201812 25.852 105.998 26.443
201903 23.845 107.251 24.105
201906 25.577 108.070 25.660
201909 26.650 108.329 26.672
201912 28.067 108.420 28.067

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.


Raytheon Co  (NYSE:RTN) 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.


Raytheon Co Cyclically Adjusted PS Ratio Related Terms

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


Raytheon Co (Raytheon Co) Business Description

Traded in Other Exchanges
N/A
Address
870 Winter Street, Waltham, MA, USA, 02451
Raytheon is a U.S. defense contractor that posted just over $27 billion in sales during 2018. It operates through five segments: integrated defense systems, intelligence and information, missile systems, space and airborne systems, and a cybersecurity business branded Forcepoint. Sales to the U.S. government account for about 70% of consolidated revenue. Based in Waltham, Massachusetts, Raytheon employs more than 60,000 people.
Executives
William Spivey director
Letitia A Long director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
David C Wajsgras officer: Vice President 870 WINTER STREET, WALTHAM MA 02451
Marta R Stewart director C/O NORFOLK SOUTHERN CORP, THREE COMMERCIAL PL, NORFOLK VA 23510-9219
Frank R Jimenez officer: VP, General Counsel, Secretary GE HEALTHCARE TECHNOLOGIES INC., 500 W. MONROE ST., CHICAGO IL 606061
Michael J Wood officer: VP, Controller & CAO 870 WINTER STREET, WALTHAM MA 02451
Ellen M Pawlikowski director 870 WINTER STREET, WALTHAM MA 02451
Robert O Work director 870 WINTER STREET, WALTHAM MA 02451
Tracy A Atkinson director MFS INVESTMENT MANAGEMENT, 500 BOYLSTON ST., BOSTON MA 02116
Roy Azevedo officer: Vice President 870 WINTER STREET, WALTHAM MA 02451
Wesley D Kremer officer: Vice President 870 WINTER STREET, WALTHAM MA 02451
Thomas A Kennedy director, officer: Chairman and CEO 870 WINTER STREET, WALTHAM MA 02451
George Oliver director 5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209
Winnefeld James A Jr director 870 WINTER STREET, WALTHAM MA 02451
Robert E Beauchamp director 2101 CITYWEST BLVD, HOUSTON TX 77042-2827

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