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General Mills (STU:GRM) Cyclically Adjusted PS Ratio : 1.97 (As of May. 26, 2024)


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What is General Mills Cyclically Adjusted PS Ratio?

As of today (2024-05-26), General Mills's current share price is €63.00. General Mills's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was €32.01. General Mills's Cyclically Adjusted PS Ratio for today is 1.97.

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

STU:GRM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.35   Med: 2.17   Max: 2.86
Current: 1.97

During the past years, General Mills's highest Cyclically Adjusted PS Ratio was 2.86. The lowest was 1.35. And the median was 2.17.

STU:GRM's Cyclically Adjusted PS Ratio is ranked worse than
76.69% of 1377 companies
in the Consumer Packaged Goods industry
Industry Median: 0.82 vs STU:GRM: 1.97

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.

General Mills's adjusted revenue per share data for the three months ended in Feb. 2024 was €8.252. 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 €32.01 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


General Mills Cyclically Adjusted PS Ratio Historical Data

The historical data trend for General Mills'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.

General Mills Cyclically Adjusted PS Ratio Chart

General Mills Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.75 2.20 2.07 2.12 2.46

General Mills Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 2.35 2.46 1.97 1.85 1.85

Competitive Comparison of General Mills's Cyclically Adjusted PS Ratio

For the Packaged Foods subindustry, General Mills'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.


General Mills's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



General Mills 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.

General Mills's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=63.00/32.01
=1.97

* 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.

General Mills's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=8.252/130.9299*130.9299
=8.252

Current CPI (Feb. 2024) = 130.9299.

General Mills Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 4.933 100.373 6.435
201408 5.095 100.352 6.647
201411 6.111 99.635 8.030
201502 6.245 99.032 8.257
201505 6.263 100.333 8.173
201508 6.139 100.548 7.994
201511 6.734 100.135 8.805
201602 5.933 100.040 7.765
201605 5.683 101.355 7.341
201608 5.692 101.617 7.334
201611 6.356 101.829 8.172
201702 6.023 102.779 7.673
201705 5.852 103.256 7.420
201708 5.440 103.587 6.876
201711 6.165 104.072 7.756
201802 5.397 105.052 6.726
201805 5.548 106.148 6.843
201808 5.877 106.383 7.233
201811 6.422 106.338 7.907
201902 6.119 106.649 7.512
201905 6.103 108.048 7.395
201908 5.884 108.245 7.117
201911 6.534 108.519 7.883
202002 6.255 109.139 7.504
202005 7.467 108.175 9.038
202008 5.950 109.662 7.104
202011 6.444 109.793 7.685
202102 6.035 110.968 7.121
202105 6.028 113.576 6.949
202108 6.277 115.421 7.120
202111 7.179 117.269 8.015
202202 6.528 119.703 7.140
202205 7.587 123.323 8.055
202208 7.684 124.958 8.051
202211 8.507 125.607 8.867
202302 7.993 126.928 8.245
202305 7.744 128.314 7.902
202308 7.605 129.538 7.687
202311 8.140 129.548 8.227
202402 8.252 130.930 8.252

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.


General Mills  (STU:GRM) 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.


General Mills Cyclically Adjusted PS Ratio Related Terms

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


General Mills (STU:GRM) Business Description

Address
Number One General Mills Boulevard, Minneapolis, MN, USA, 55426
General Mills is a global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2023, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.

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