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Koninklijke KPN NV (WBO:KPN) Cyclically Adjusted PS Ratio : 2.05 (As of Apr. 30, 2024)


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What is Koninklijke KPN NV Cyclically Adjusted PS Ratio?

As of today (2024-04-30), Koninklijke KPN NV's current share price is €3.424. Koninklijke KPN NV's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was €1.67. Koninklijke KPN NV's Cyclically Adjusted PS Ratio for today is 2.05.

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

WBO:KPN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.8   Max: 2.08
Current: 2.06

During the past 13 years, Koninklijke KPN NV's highest Cyclically Adjusted PS Ratio was 2.08. The lowest was 0.33. And the median was 0.80.

WBO:KPN's Cyclically Adjusted PS Ratio is ranked worse than
73.83% of 298 companies
in the Telecommunication Services industry
Industry Median: 1 vs WBO:KPN: 2.06

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.

Koninklijke KPN NV's adjusted revenue per share data of for the fiscal year that ended in Dec23 was €1.368. 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 €1.67 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Koninklijke KPN NV Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Koninklijke KPN NV'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.

Koninklijke KPN NV Cyclically Adjusted PS Ratio Chart

Koninklijke KPN NV 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 0.92 1.04 1.36 1.59 1.87

Koninklijke KPN NV Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 1.36 - 1.59 - 1.87

Competitive Comparison of Koninklijke KPN NV's Cyclically Adjusted PS Ratio

For the Telecom Services subindustry, Koninklijke KPN NV'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.


Koninklijke KPN NV's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Koninklijke KPN NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Koninklijke KPN NV 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.

Koninklijke KPN NV's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.424/1.67
=2.05

* 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.

Koninklijke KPN NV's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Koninklijke KPN NV's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=1.368/126.4000*126.4000
=1.368

Current CPI (Dec23) = 126.4000.

Koninklijke KPN NV Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 1.719 99.050 2.194
201512 1.644 99.730 2.084
201612 1.595 100.710 2.002
201712 1.357 101.970 1.682
201812 1.341 103.970 1.630
201912 1.309 106.800 1.549
202012 1.258 107.850 1.474
202112 1.260 114.010 1.397
202212 1.300 124.940 1.315
202312 1.368 126.400 1.368

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.


Koninklijke KPN NV  (WBO:KPN) 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.


Koninklijke KPN NV Cyclically Adjusted PS Ratio Related Terms

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


Koninklijke KPN NV (WBO:KPN) Business Description

Address
Wilhelminakade 123, Rotterdam, NLD, 3072 AP
KPN is the incumbent telecom operator in the Netherlands. It has close to 40% share of the broadband market and 20% of the postpaid mobile market, mainly competing with VodafoneZiggo (mobile and fixed) and T-Mobile Netherlands (mainly mobile). KPN is rolling out fiber to the home in the Netherlands and expects to have most of the country covered by 2025.

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