GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Alphatec Holdings Inc (NAS:ATEC) » Definitions » Cyclically Adjusted PS Ratio

Alphatec Holdings (Alphatec Holdings) Cyclically Adjusted PS Ratio : 1.28 (As of Apr. 29, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Alphatec Holdings Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Alphatec Holdings's current share price is $12.44. Alphatec Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $9.71. Alphatec Holdings's Cyclically Adjusted PS Ratio for today is 1.28.

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

ATEC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.44   Max: 1.73
Current: 1.28

During the past years, Alphatec Holdings's highest Cyclically Adjusted PS Ratio was 1.73. The lowest was 0.05. And the median was 0.44.

ATEC's Cyclically Adjusted PS Ratio is ranked better than
67.74% of 465 companies
in the Medical Devices & Instruments industry
Industry Median: 2.11 vs ATEC: 1.28

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.

Alphatec Holdings's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.030. 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 $9.71 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alphatec Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Alphatec Holdings'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.

Alphatec Holdings Cyclically Adjusted PS Ratio Chart

Alphatec Holdings 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 0.37 0.89 0.80 1.01 1.56

Alphatec Holdings 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 1.01 1.33 1.61 1.23 1.56

Competitive Comparison of Alphatec Holdings's Cyclically Adjusted PS Ratio

For the Medical Devices subindustry, Alphatec Holdings'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.


Alphatec Holdings's Cyclically Adjusted PS Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Alphatec Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Alphatec Holdings 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.

Alphatec Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.44/9.71
=1.28

* 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.

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

For example, Alphatec Holdings'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)
=1.03/129.4194*129.4194
=1.030

Current CPI (Dec. 2023) = 129.4194.

Alphatec Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 6.093 99.695 7.910
201406 6.583 100.560 8.472
201409 6.226 100.428 8.023
201412 0.154 99.070 0.201
201503 5.895 99.621 7.658
201506 5.638 100.684 7.247
201509 3.826 100.392 4.932
201512 4.154 99.792 5.387
201603 4.040 100.470 5.204
201606 3.799 101.688 4.835
201609 3.120 101.861 3.964
201612 3.074 101.863 3.906
201703 3.107 102.862 3.909
201706 2.207 103.349 2.764
201709 1.657 104.136 2.059
201712 1.377 104.011 1.713
201803 1.004 105.290 1.234
201806 0.648 106.317 0.789
201809 0.541 106.507 0.657
201812 0.585 105.998 0.714
201903 0.545 107.251 0.658
201906 0.583 108.070 0.698
201909 0.524 108.329 0.626
201912 0.529 108.420 0.631
202003 0.481 108.902 0.572
202006 0.465 108.767 0.553
202009 0.636 109.815 0.750
202012 0.570 109.897 0.671
202103 0.506 111.754 0.586
202106 0.632 114.631 0.714
202109 0.632 115.734 0.707
202112 0.746 117.630 0.821
202203 0.709 121.301 0.756
202206 0.818 125.017 0.847
202209 0.857 125.227 0.886
202212 1.001 125.222 1.035
202303 0.994 127.348 1.010
202306 0.985 128.729 0.990
202309 0.966 129.860 0.963
202312 1.030 129.419 1.030

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.


Alphatec Holdings  (NAS:ATEC) 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.


Alphatec Holdings Cyclically Adjusted PS Ratio Related Terms

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


Alphatec Holdings (Alphatec Holdings) Business Description

Traded in Other Exchanges
Address
1950 Camino Vida Roble, Carlsbad, CA, USA, 92008
Alphatec Holdings Inc is a medical technology company focused on the design, development, and advancement of products for the surgical treatment of spinal disorders associated with disease and degeneration, congenital deformities, and trauma. The company's spine approach technologies include Posterior Cervical Fusion, Anterior Cervical Discectomy and Fusion, Lateral Interbody Fusion, and Posterior Lumbar Interbody Fusion among others.
Executives
David Sponsel officer: EVP, Sales C/O ALPHATEC SPINE, INC., 5818 EL CAMINO REAL, CARLSBAD CA 92008
David M Demski director C/O GLOBUS MEDICAL, INC., 2560 GENERAL ARMISTEAD AVENUE, AUDUBON PA 19403
Patrick Miles director, officer: Executive Chairman 7475 LUSK BLVD., SAN DIEGO CA 92121
Tullis James L L director, 10 percent owner 100 FIRST STAMFORD PLACE, STAMFORD CT 06907
David H Mowry director 9775 TOLEDO, IRVINE CA 92618
Evan Bakst director 225 CENTRAL PARK WEST, APT. 1605, NEW YORK NY 10024
Jennifer N. Pritzker 10 percent owner C/O SQUADRON CAPITAL LLC, 104 S. MICHIGAN AVENUE, SUITE 500, CHICAGO IL 60603
Tyson Eliot Marshall officer: GENERAL COUNSEL & CORP. SEC. 10680 TREENA STREET, SUITE 500, SAN DIEGO CA 92131
Craig E Hunsaker officer: See Remarks C/O ALPHATEC HOLDINGS, INC., 5818 EL CAMINO REAL, CARLSBAD CA 92008
Elizabeth Ann Altman director 10070 BARNES CANYON ROAD, SAN DIEGO CA 92121
Paul Segal 10 percent owner 1700 BROADWAY, 35TH FLOOR, NEW YORK NY 10019
L-5 Healthcare Partners, Llc 10 percent owner, other: Director by deputization 1700 BROADWAY, 35TH FLOOR, NEW YORK NY 10019
John Todd Koning officer: Chief Financial Officer C/O MASIMO CORPORATION, 52 DISCOVERY, IRVINE CA 92618
David R Pelizzon director, 10 percent owner 2850 FRONTIER DR, WARSAW IN 46582
Scott Lish officer: SVP, Development C/O ALPHATEC SPINE, INC., 5818 EL CAMINO REAL, CARLSBAD CA 92008