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AMETEK (WBO:AME) Cyclically Adjusted PS Ratio : 6.83 (As of May. 27, 2024)


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What is AMETEK Cyclically Adjusted PS Ratio?

As of today (2024-05-27), AMETEK's current share price is €159.90. AMETEK's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €23.41. AMETEK's Cyclically Adjusted PS Ratio for today is 6.83.

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

WBO:AME' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.3   Med: 5   Max: 7.47
Current: 6.89

During the past years, AMETEK's highest Cyclically Adjusted PS Ratio was 7.47. The lowest was 3.30. And the median was 5.00.

WBO:AME's Cyclically Adjusted PS Ratio is ranked worse than
92.11% of 2194 companies
in the Industrial Products industry
Industry Median: 1.43 vs WBO:AME: 6.89

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.

AMETEK's adjusted revenue per share data for the three months ended in Mar. 2024 was €6.884. 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 €23.41 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AMETEK Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AMETEK'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.

AMETEK Cyclically Adjusted PS Ratio Chart

AMETEK 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 5.74 6.59 7.15 6.13 6.73

AMETEK Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.21 6.77 6.07 6.73 7.26

Competitive Comparison of AMETEK's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, AMETEK'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.


AMETEK's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AMETEK's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



AMETEK 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=159.90/23.41
=6.83

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=6.884/131.7762*131.7762
=6.884

Current CPI (Mar. 2024) = 131.7762.

AMETEK Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.947 100.560 3.862
201409 3.233 100.428 4.242
201412 3.375 99.070 4.489
201503 3.745 99.621 4.954
201506 3.671 100.684 4.805
201509 3.688 100.392 4.841
201512 3.800 99.792 5.018
201603 3.590 100.470 4.709
201606 3.706 101.688 4.803
201609 3.618 101.861 4.681
201612 3.990 101.863 5.162
201703 4.079 102.862 5.226
201706 4.091 103.349 5.216
201709 3.919 104.136 4.959
201712 4.154 104.011 5.263
201803 4.082 105.290 5.109
201806 4.436 106.317 5.498
201809 4.383 106.507 5.423
201812 4.831 105.998 6.006
201903 4.983 107.251 6.122
201906 4.976 108.070 6.068
201909 5.050 108.329 6.143
201912 5.106 108.420 6.206
202003 4.713 108.902 5.703
202006 3.900 108.767 4.725
202009 4.134 109.815 4.961
202012 4.250 109.897 5.096
202103 4.396 111.754 5.184
202106 4.942 114.631 5.681
202109 5.256 115.734 5.985
202112 5.709 117.630 6.396
202203 5.682 121.301 6.173
202206 6.196 125.017 6.531
202209 6.793 125.227 7.148
202212 6.640 125.222 6.988
202303 6.451 127.348 6.675
202306 6.570 128.729 6.726
202309 6.561 129.860 6.658
202312 6.848 129.419 6.973
202403 6.884 131.776 6.884

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.


AMETEK  (WBO:AME) 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.


AMETEK Cyclically Adjusted PS Ratio Related Terms

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


AMETEK (WBO:AME) Business Description

Industry
Traded in Other Exchanges
Address
1100 Cassatt Road, Berwyn, PA, USA, 19312-1177
Ametek is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. About half of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.

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