M.D.C. Holdings (STU:MDH) Cyclically Adjusted PS Ratio : 1.15 (As of May. 27, 2024)

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What is M.D.C. Holdings Cyclically Adjusted PS Ratio?

As of today (2024-05-27), M.D.C. Holdings's current share price is €59.00. M.D.C. Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €51.51. M.D.C. Holdings's Cyclically Adjusted PS Ratio for today is 1.15.

The historical rank and industry rank for M.D.C. Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:MDH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.83 Max: 1.65
Current: 1.11

During the past years, M.D.C. Holdings's highest Cyclically Adjusted PS Ratio was 1.65. The lowest was 0.45. And the median was 0.83.

STU:MDH's Cyclically Adjusted PS Ratio is not ranked
in the Homebuilding & Construction industry.
Industry Median: 0.82 vs STU:MDH: 1.11

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.

M.D.C. Holdings's adjusted revenue per share data for the three months ended in Dec. 2023 was €16.222. 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 €51.51 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

M.D.C. Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for M.D.C. Holdings'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.

M.D.C. Holdings Cyclically Adjusted PS Ratio Chart

M.D.C. Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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1.11

1.25

1.27

0.60

0.97

M.D.C. Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cyclically Adjusted PS Ratio	Get a 7-Day Free Trial															0.60	0.72	0.85	0.73	0.97

Competitive Comparison of M.D.C. Holdings's Cyclically Adjusted PS Ratio

For the Residential Construction subindustry, M.D.C. Holdings'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.

M.D.C. Holdings's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, M.D.C. Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where M.D.C. Holdings's Cyclically Adjusted PS Ratio falls into.

M.D.C. Holdings 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.

M.D.C. Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	59.00	/	51.51
	=	1.15

M.D.C. Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, M.D.C. Holdings's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare	=	Revenue per Share	/	CPI of Dec. 2023 (Change)	*	Current CPI (Dec. 2023)
	=	16.222	/	129.4194	*	129.4194
	=	16.222

Current CPI (Dec. 2023) = 129.4194.

M.D.C. Holdings Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201403	3.667	99.695	4.760
201406	5.043	100.560	6.490
201409	5.027	100.428	6.478
201412	6.354	99.070	8.301
201503	5.551	99.621	7.211
201506	6.504	100.684	8.360
201509	6.431	100.392	8.291
201512	8.213	99.792	10.651
201603	5.669	100.470	7.302
201606	8.088	101.688	10.294
201609	8.184	101.861	10.398
201612	10.678	101.863	13.567
201703	8.369	102.862	10.530
201706	9.000	103.349	11.270
201709	7.645	104.136	9.501
201712	8.995	104.011	11.192
201803	7.659	105.290	9.414
201806	9.919	106.317	12.074
201809	10.087	106.507	12.257
201812	11.475	105.998	14.011
201903	8.686	107.251	10.481
201906	9.724	108.070	11.645
201909	10.155	108.329	12.132
201912	14.219	108.420	16.973
202003	9.279	108.902	11.027
202006	11.801	108.767	14.042
202009	12.389	109.815	14.601
202012	13.948	109.897	16.426
202103	12.543	111.754	14.526
202106	15.993	114.631	18.056
202109	15.188	115.734	16.984
202112	17.745	117.630	19.524
202203	15.806	121.301	16.864
202206	19.302	125.017	19.982
202209	20.022	125.227	20.692
202212	19.624	125.222	20.282
202303	13.242	127.348	13.457
202306	13.990	128.729	14.065
202309	13.650	129.860	13.604
202312	16.222	129.419	16.222

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.

M.D.C. Holdings (STU:MDH) 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.

M.D.C. Holdings Cyclically Adjusted PS Ratio Related Terms

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

M.D.C. Holdings (STU:MDH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » M.D.C. Holdings Inc (STU:MDH) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

MDC:USA MDH:Germany

Address

4350 South Monaco Street, Suite 500, Denver, CO, USA, 80237

Website

http://www.mdcholdings.com

M.D.C. Holdings Inc is an American holding company that operates home construction, mortgage, insurance, and title companies. The company focuses on single-family and residential communities via its Richmond American Homes brand in Arizona, California, Colorado, Florida, Virginia, Nevada, Utah, and Washington. MDC Holdings constructs homes for first-time and move-up homebuyers. Its segments include Homebuilding and Financial Services. Its Home construction in Colorado, California, Washington, and Arizona derive most of the company's homebuilding revenue, followed by Utah, and Virginia.