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Biogen (XTER:IDP) Cyclically Adjusted PS Ratio : 1.95 (As of Jan. 18, 2025)


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What is Biogen Cyclically Adjusted PS Ratio?

As of today (2025-01-18), Biogen's current share price is €136.15. Biogen's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was €69.72. Biogen's Cyclically Adjusted PS Ratio for today is 1.95.

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

XTER:IDP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.81   Med: 5.9   Max: 22.51
Current: 1.81

During the past years, Biogen's highest Cyclically Adjusted PS Ratio was 22.51. The lowest was 1.81. And the median was 5.90.

XTER:IDP's Cyclically Adjusted PS Ratio is ranked better than
60.31% of 640 companies
in the Drug Manufacturers industry
Industry Median: 2.35 vs XTER:IDP: 1.81

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.

Biogen's adjusted revenue per share data for the three months ended in Sep. 2024 was €15.207. 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 €69.72 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Biogen Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Biogen'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.

Biogen Cyclically Adjusted PS Ratio Chart

Biogen 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 6.44 4.63 3.91 4.00 3.47

Biogen Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.46 3.47 2.82 3.00 2.49

Competitive Comparison of Biogen's Cyclically Adjusted PS Ratio

For the Drug Manufacturers - General subindustry, Biogen'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.


Biogen's Cyclically Adjusted PS Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Biogen's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Biogen 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=136.15/69.72
=1.95

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=15.207/133.0289*133.0289
=15.207

Current CPI (Sep. 2024) = 133.0289.

Biogen Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 9.057 99.070 12.162
201503 10.020 99.621 13.380
201506 9.797 100.684 12.944
201509 10.641 100.392 14.100
201512 11.810 99.792 15.743
201603 11.166 100.470 14.784
201606 11.740 101.688 15.358
201609 12.004 101.861 15.677
201612 12.547 101.863 16.386
201703 12.172 102.862 15.742
201706 12.911 103.349 16.619
201709 12.192 104.136 15.575
201712 13.175 104.011 16.851
201803 11.995 105.290 15.155
201806 13.860 106.317 17.342
201809 14.597 106.507 18.232
201812 15.483 105.998 19.431
201903 15.678 107.251 19.446
201906 16.811 108.070 20.694
201909 17.746 108.329 21.792
201912 18.552 108.420 22.763
202003 18.478 108.902 22.572
202006 20.319 108.767 24.851
202009 18.234 109.815 22.089
202012 15.216 109.897 18.419
202103 14.859 111.754 17.688
202106 15.345 114.631 17.808
202109 15.895 115.734 18.270
202112 16.403 117.630 18.550
202203 15.575 121.301 17.081
202206 16.753 125.017 17.827
202209 17.497 125.227 18.587
202212 16.517 125.222 17.547
202303 15.843 127.348 16.550
202306 15.580 128.729 16.100
202309 16.374 129.860 16.774
202312 14.998 129.419 15.416
202403 14.443 131.776 14.580
202406 15.695 132.554 15.751
202409 15.207 133.029 15.207

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.


Biogen  (XTER:IDP) 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.


Biogen Cyclically Adjusted PS Ratio Related Terms

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


Biogen Business Description

Industry
Address
225 Binney Street, Cambridge, MA, USA, 02142
Biogen and Idec merged in 2003, combining forces to market Biogen's multiple sclerosis drug Avonex and Idec's cancer drug Rituxan. Today, Rituxan and next-generation antibody Gazyva (oncology) and Ocrevus (multiple sclerosis) are marketed via a collaboration with Roche. Biogen markets several multiple sclerosis drugs including Plegridy, Tysabri, Tecfidera, and Vumerity. Biogen's newer products include Spinraza (SMA, with partner Ionis), Leqembi (Alzheimers, with partner Eisai), Skyclarys (Friedreich's Ataxia, Reata), Zurzuvae (postpartum depression, Sage), and Qalsody (ALS, Ionis). Biogen has several drug candidates in phase 3 trials in neurology, immunology, and rare diseases.

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