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Armstrong World Industries (Armstrong World Industries) Cyclically Adjusted PS Ratio : 4.71 (As of Apr. 27, 2024)


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What is Armstrong World Industries Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Armstrong World Industries's current share price is $116.98. Armstrong World Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $24.84. Armstrong World Industries's Cyclically Adjusted PS Ratio for today is 4.71.

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

AWI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.62   Med: 1.85   Max: 5.01
Current: 4.66

During the past years, Armstrong World Industries's highest Cyclically Adjusted PS Ratio was 5.01. The lowest was 0.62. And the median was 1.85.

AWI's Cyclically Adjusted PS Ratio is ranked worse than
93.96% of 1242 companies
in the Construction industry
Industry Median: 0.63 vs AWI: 4.66

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.

Armstrong World Industries's adjusted revenue per share data for the three months ended in Dec. 2023 was $7.066. 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 $24.84 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Armstrong World Industries Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Armstrong World Industries'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.

Armstrong World Industries Cyclically Adjusted PS Ratio Chart

Armstrong World Industries 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 2.94 2.57 4.22 2.57 3.96

Armstrong World Industries 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 2.57 2.69 2.83 2.84 3.96

Competitive Comparison of Armstrong World Industries's Cyclically Adjusted PS Ratio

For the Building Products & Equipment subindustry, Armstrong World Industries'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.


Armstrong World Industries's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

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

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



Armstrong World Industries 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.

Armstrong World Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=116.98/24.84
=4.71

* 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.

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

For example, Armstrong World Industries'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)
=7.066/129.4194*129.4194
=7.066

Current CPI (Dec. 2023) = 129.4194.

Armstrong World Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 10.669 99.695 13.850
201406 11.919 100.560 15.340
201409 12.232 100.428 15.763
201412 -11.439 99.070 -14.943
201503 9.899 99.621 12.860
201506 5.486 100.684 7.052
201509 6.009 100.392 7.746
201512 -2.294 99.792 -2.975
201603 5.169 100.470 6.658
201606 5.613 101.688 7.144
201609 5.980 101.861 7.598
201612 -1.812 101.863 -2.302
201703 4.033 102.862 5.074
201706 4.201 103.349 5.261
201709 4.372 104.136 5.434
201712 3.976 104.011 4.947
201803 4.225 105.290 5.193
201806 4.726 106.317 5.753
201809 5.019 106.507 6.099
201812 4.778 105.998 5.834
201903 4.891 107.251 5.902
201906 5.462 108.070 6.541
201909 5.598 108.329 6.688
201912 5.018 108.420 5.990
202003 5.181 108.902 6.157
202006 4.233 108.767 5.037
202009 5.131 109.815 6.047
202012 4.983 109.897 5.868
202103 5.248 111.754 6.078
202106 5.821 114.631 6.572
202109 6.113 115.734 6.836
202112 5.935 117.630 6.530
202203 5.987 121.301 6.388
202206 6.874 125.017 7.116
202209 7.050 125.227 7.286
202212 6.692 125.222 6.916
202303 6.818 127.348 6.929
202306 7.231 128.729 7.270
202309 7.787 129.860 7.761
202312 7.066 129.419 7.066

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.


Armstrong World Industries  (NYSE:AWI) 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.


Armstrong World Industries Cyclically Adjusted PS Ratio Related Terms

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


Armstrong World Industries (Armstrong World Industries) Business Description

Traded in Other Exchanges
Address
2500 Columbia Avenue, Lancaster, PA, USA, 17603
Armstrong World Industries Inc is engaged in the design, innovation and manufacture of ceiling and wall solutions in the Americas. The products include mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced-gypsum and felt. The company also manufactures ceiling suspension system (grid) products through a joint venture with Worthington Industries, Inc. called Worthington Armstrong Venture (WAVE).
Executives
Victor Grizzle director, officer: CEO 2500 COLUMBIA AVE, LANCASTER PA 17604-3001
Monica M. Maheshwari officer: SVP, Human Resources 2500 COLUMBIA AVENUE, LANCASTER PA 17603
Mark A Hershey officer: See Remarks ARMSTRONG WORLD INDUSTRIES, INC., 2500 COLUMBIA AVENUE, LANCASTER PA 17604-3001
Christopher P. Calzaretta officer: SVP & CFO 2500 COLUMBIA AVENUE, LANCASTER PA 17603
Richard D Holder director EATON CENTER, 1111 SUPERIOR AVENUE, CLEVELAND OH 44114
William H Osborne director 1415 WEST 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Jill A. Crager officer: SVP Sales Operations 2500 COLUMBIA AVENUE, LANCASTER PA 17603
Dawn M. Kirchner-king officer: SVP & CIO 2500 COLUMBIA AVENUE, LANCASTER PA 17603
Ellen R. Romano officer: SVP, Human Resources C/O 2500 COLUMBIA AVE, LANCASTER PA 17603
Austin So officer: SVP Gen Cnsl, Compliance C/O STONEMOR PARTNERS L.P., 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Charles M Chiappone officer: SVP, Ceiling Solutions 2500 COLUMBIA AVE, LANCASTER PA 17603
James T. Burge officer: Vice President & Controller 2500 COLUMBIA AVENUE, LANCASTER PA 17603
Stephen F Mcnamara officer: VP, Controller C/O ARMSTRONG WORLD INDUSTRIES, INC., PO BOX 3001, LANCASTER PA 17604
Roy W Templin director ARMSTRONG WORLD INDUSTRIES, INC., 2500 COLUMBIA AVENUE, LANCASTER PA 17603
Barbara Loughran director 1999 BRYAN STREET, DALLAS TX 75201