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ATS (ATS) Cyclically Adjusted PS Ratio : 2.41 (As of May. 02, 2024)


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What is ATS Cyclically Adjusted PS Ratio?

As of today (2024-05-02), ATS's current share price is $32.18. ATS's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was $13.35. ATS's Cyclically Adjusted PS Ratio for today is 2.41.

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

ATS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.78   Max: 3.98
Current: 2.5

During the past years, ATS's highest Cyclically Adjusted PS Ratio was 3.98. The lowest was 0.93. And the median was 1.78.

ATS's Cyclically Adjusted PS Ratio is ranked worse than
68.49% of 2180 companies
in the Industrial Products industry
Industry Median: 1.435 vs ATS: 2.50

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.

ATS's adjusted revenue per share data for the three months ended in Sep. 2023 was $5.460. 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 $13.35 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


ATS Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ATS'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.

ATS Cyclically Adjusted PS Ratio Chart

ATS Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.02 1.55 2.26 3.20 3.39

ATS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 2.37 2.65 3.39 3.49 3.19

Competitive Comparison of ATS's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, ATS'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.


ATS's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

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

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



ATS 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=32.18/13.35
=2.41

* 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.

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

For example, ATS's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=5.46/125.2304*125.2304
=5.460

Current CPI (Sep. 2023) = 125.2304.

ATS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 1.839 96.945 2.376
201403 1.986 98.604 2.522
201406 1.908 99.473 2.402
201409 2.035 99.394 2.564
201412 2.338 98.367 2.976
201503 2.472 99.789 3.102
201506 2.223 100.500 2.770
201509 2.131 100.421 2.657
201512 2.158 99.947 2.704
201603 2.025 101.054 2.509
201606 2.225 102.002 2.732
201609 1.999 101.765 2.460
201612 1.918 101.449 2.368
201703 2.123 102.634 2.590
201706 2.117 103.029 2.573
201709 2.387 103.345 2.893
201712 2.311 103.345 2.800
201803 2.444 105.004 2.915
201806 2.417 105.557 2.867
201809 2.296 105.636 2.722
201812 2.533 105.399 3.010
201903 2.821 106.979 3.302
201906 2.762 107.690 3.212
201909 2.788 107.611 3.244
201912 3.014 107.769 3.502
202003 2.960 107.927 3.435
202006 2.595 108.401 2.998
202009 2.741 108.164 3.173
202012 3.128 108.559 3.608
202103 3.448 110.298 3.915
202106 4.522 111.720 5.069
202109 4.449 112.905 4.935
202112 4.608 113.774 5.072
202203 5.136 117.646 5.467
202206 5.165 120.806 5.354
202209 4.794 120.648 4.976
202212 5.167 120.964 5.349
202303 5.783 122.702 5.902
202306 5.967 124.203 6.016
202309 5.460 125.230 5.460

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.


ATS  (NYSE:ATS) 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.


ATS Cyclically Adjusted PS Ratio Related Terms

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


ATS (ATS) Business Description

Industry
Traded in Other Exchanges
Address
730 Fountain Street North, Building 2, Cambridge, ON, CAN, N3H 4R7
ATS Corp is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company's products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support. The company's clients come from the life sciences, food and beverage transportation, consumer products and electronics, and energy sectors. The company generates the majority of its sales from the North American and European markets.