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AAON (AAON) Cyclically Adjusted PS Ratio : 11.67 (As of Apr. 28, 2024)


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What is AAON Cyclically Adjusted PS Ratio?

As of today (2024-04-28), AAON's current share price is $91.15. AAON's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $7.81. AAON's Cyclically Adjusted PS Ratio for today is 11.67.

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

AAON' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.83   Med: 5.98   Max: 11.67
Current: 11.67

During the past years, AAON's highest Cyclically Adjusted PS Ratio was 11.67. The lowest was 2.83. And the median was 5.98.

AAON's Cyclically Adjusted PS Ratio is ranked worse than
98.23% of 1242 companies
in the Construction industry
Industry Median: 0.63 vs AAON: 11.67

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.

AAON's adjusted revenue per share data for the three months ended in Dec. 2023 was $3.679. 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 $7.81 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


AAON Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AAON'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.

AAON Cyclically Adjusted PS Ratio Chart

AAON 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 6.91 8.64 9.15 7.46 9.46

AAON 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 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 7.46 9.19 8.67 7.50 9.46

Competitive Comparison of AAON's Cyclically Adjusted PS Ratio

For the Building Products & Equipment subindustry, AAON'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.


AAON's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

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

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



AAON 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=91.15/7.81
=11.67

* 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.

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

For example, AAON'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)
=3.679/129.4194*129.4194
=3.679

Current CPI (Dec. 2023) = 129.4194.

AAON Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.915 99.695 1.188
201406 1.107 100.560 1.425
201409 1.237 100.428 1.594
201412 1.023 99.070 1.336
201503 0.937 99.621 1.217
201506 1.101 100.684 1.415
201509 1.153 100.392 1.486
201512 1.199 99.792 1.555
201603 1.063 100.470 1.369
201606 1.273 101.688 1.620
201609 1.306 101.861 1.659
201612 1.144 101.863 1.453
201703 1.079 102.862 1.358
201706 1.271 103.349 1.592
201709 1.429 104.136 1.776
201712 1.310 104.011 1.630
201803 1.248 105.290 1.534
201806 1.386 106.317 1.687
201809 1.431 106.507 1.739
201812 1.426 105.998 1.741
201903 1.449 107.251 1.749
201906 1.510 108.070 1.808
201909 1.435 108.329 1.714
201912 1.552 108.420 1.853
202003 1.734 108.902 2.061
202006 1.587 108.767 1.888
202009 1.690 109.815 1.992
202012 1.457 109.897 1.716
202103 1.434 111.754 1.661
202106 1.789 114.631 2.020
202109 1.725 115.734 1.929
202112 1.685 117.630 1.854
202203 2.258 121.301 2.409
202206 2.594 125.017 2.685
202209 2.997 125.227 3.097
202212 3.107 125.222 3.211
202303 3.210 127.348 3.262
202306 3.402 128.729 3.420
202309 3.741 129.860 3.728
202312 3.679 129.419 3.679

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.


AAON  (NAS:AAON) 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.


AAON Cyclically Adjusted PS Ratio Related Terms

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


AAON (AAON) Business Description

Industry
Traded in Other Exchanges
Address
2425 South Yukon Avenue, Tulsa, OK, USA, 74107
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.
Executives
Stephen E Wakefield officer: VP, Engineering 2425 SOUTH YUKON, TULSA OK 74107
Norman H Asbjornson director, 10 percent owner, officer: President AAON INC, 2425 SOUTH YUKON, TULSA OK 74107
Rebecca Thompson officer: Chief Accounting Officer 2425 S YUKON AVE, TULSA OK 74107
David Raymond Stewart director 4221 E. 96TH PLACE, TULSA OK 74137
Gordon Douglas Wichman officer: Vice President 4300 WILLOW BEND DR., LONGVIEW TX 75602
Robert Teis officer: VP, Sales and Marketing 6813 FOXBRIAR DR., TULSA OK 74132
Casey Kidwell officer: VP, Administration 9906 NORTH 108TH EAST PLACE, OWASSO OK 74055
Gary D Fields director 2425 SOUTH YUKON, TULSA OK 74107
Rony D Gadiwalla officer: VP, Information Technology 2425 SOUTH YUKON, TULSA OK 74107
Larry Gene Stewart officer: Vice President 2425 SOUTH YUKON AVE, TULSA OK 74107
Xerxes P Gazder officer: Chief Information Officer 109 N FORESTVIEW LANE, AURORA IL 60502
Stephen O Leclair director 3100 CUMBERLAND BLVD, SUITE 1700, ATLANTA GA 30339
Lackey Paul K Jr director 2200 SOUTH UTICA PL., 6B-GENOA, TULSA OK 74114
Bruce Ware director 3605 PATIENCE BLVD, DALLAS TX 75236
Christopher Douglas Eason officer: Chief Accounting Officer 2425 S YUKON AVE, TULSA OK 74107