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Baker Hughes (XSWX:BHI) Cyclically Adjusted PS Ratio : (As of May. 28, 2024)


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What is Baker Hughes Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Baker Hughes Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Baker Hughes'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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Baker Hughes Cyclically Adjusted PS Ratio Chart

Baker Hughes Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Cyclically Adjusted PS Ratio
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Baker Hughes Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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Competitive Comparison of Baker Hughes's Cyclically Adjusted PS Ratio

For the Oil & Gas Equipment & Services subindustry, Baker Hughes'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.


Baker Hughes's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Baker Hughes's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Baker Hughes 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.

Baker Hughes's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2017 is calculated as:

For example, Baker Hughes's adjusted Revenue per Share data for the three months ended in Mar. 2017 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2017 (Change)*Current CPI (Mar. 2017)
=5.281/102.8622*102.8622
=5.281

Current CPI (Mar. 2017) = 102.8622.

Baker Hughes Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200706 9.755 87.906 11.415
200709 9.950 87.964 11.635
200712 9.836 88.616 11.417
200803 8.694 90.090 9.927
200806 10.095 92.320 11.248
200809 10.850 92.307 12.091
200812 11.758 88.697 13.636
200903 9.945 89.744 11.399
200906 8.145 91.003 9.206
200909 7.457 91.120 8.418
200912 7.965 91.111 8.992
201003 8.652 91.821 9.692
201006 9.517 91.962 10.645
201009 9.420 92.162 10.514
201012 9.874 92.474 10.983
201103 9.511 94.283 10.376
201106 9.093 95.235 9.821
201109 10.113 95.727 10.867
201112 12.136 95.213 13.111
201203 11.113 96.783 11.811
201206 11.591 96.819 12.314
201209 11.397 97.633 12.007
201212 11.125 96.871 11.813
201303 11.150 98.209 11.678
201306 11.531 98.518 12.039
201309 12.004 98.790 12.499
201312 11.790 98.326 12.334
201403 11.443 99.695 11.807
201406 12.083 100.560 12.360
201409 13.370 100.428 13.694
201412 14.808 99.070 15.375
201503 10.300 99.621 10.635
201506 8.444 100.684 8.627
201509 8.387 100.392 8.593
201512 7.711 99.792 7.948
201603 5.927 100.470 6.068
201606 5.330 101.688 5.392
201609 5.325 101.861 5.377
201612 5.781 101.863 5.838
201703 5.281 102.862 5.281

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.


Baker Hughes  (XSWX:BHI) 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.


Baker Hughes Cyclically Adjusted PS Ratio Related Terms

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Baker Hughes (XSWX:BHI) Business Description

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Traded in Other Exchanges
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Baker Hughes is one of the world's largest integrated oil services providers. Its largest end market is North America, and thus its fortunes are strongly leveraged to U.S. shale activity. By the end of 2017, the firm is set to combine with General Electric's oil and gas division, which is more leveraged to offshore developments, as well as nonupstream energy markets such as liquefied natural gas and refining.

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