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American Express Co (American Express Co) Cyclically Adjusted PS Ratio : 4.01 (As of Apr. 27, 2024)


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What is American Express Co Cyclically Adjusted PS Ratio?

As of today (2024-04-27), American Express Co's current share price is $235.64. American Express Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $58.77. American Express Co's Cyclically Adjusted PS Ratio for today is 4.01.

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

AXP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.92   Med: 3.07   Max: 4.31
Current: 4.03

During the past years, American Express Co's highest Cyclically Adjusted PS Ratio was 4.31. The lowest was 1.92. And the median was 3.07.

AXP's Cyclically Adjusted PS Ratio is ranked worse than
60.22% of 367 companies
in the Credit Services industry
Industry Median: 2.87 vs AXP: 4.03

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.

American Express Co's adjusted revenue per share data for the three months ended in Mar. 2024 was $21.885. 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 $58.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Express Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for American Express Co'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.

American Express Co Cyclically Adjusted PS Ratio Chart

American Express Co 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 3.31 3.03 3.62 2.87 3.25

American Express Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.09 3.16 2.63 3.25 3.87

Competitive Comparison of American Express Co's Cyclically Adjusted PS Ratio

For the Credit Services subindustry, American Express Co'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.


American Express Co's Cyclically Adjusted PS Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, American Express Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



American Express Co 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.

American Express Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=235.64/58.77
=4.01

* 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.

American Express Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, American Express Co's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=21.885/129.4194*129.4194
=21.885

Current CPI (Mar. 2024) = 129.4194.

American Express Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.158 100.560 10.499
201409 7.930 100.428 10.219
201412 8.071 99.070 10.544
201503 7.771 99.621 10.095
201506 8.178 100.684 10.512
201509 8.218 100.392 10.594
201512 8.509 99.792 11.035
201603 8.531 100.470 10.989
201606 9.911 101.688 12.614
201609 8.423 101.861 10.702
201612 12.435 101.863 15.799
201703 9.645 102.862 12.135
201706 10.271 103.349 12.862
201709 10.545 104.136 13.105
201712 11.183 104.011 13.915
201803 11.287 105.290 13.874
201806 11.603 106.317 14.124
201809 11.795 106.507 14.332
201812 12.252 105.998 14.959
201903 12.294 107.251 14.835
201906 12.964 108.070 15.525
201909 13.288 108.329 15.875
201912 14.039 108.420 16.758
202003 12.778 108.902 15.185
202006 9.543 108.767 11.355
202009 10.953 109.815 12.908
202012 11.646 109.897 13.715
202103 11.737 111.754 13.592
202106 13.081 114.631 14.769
202109 14.066 115.734 15.729
202112 15.785 117.630 17.367
202203 15.467 121.301 16.502
202206 17.776 125.017 18.402
202209 18.036 125.227 18.640
202212 18.614 125.222 19.238
202303 19.195 127.348 19.507
202306 20.301 128.729 20.410
202309 20.930 129.860 20.859
202312 21.722 129.419 21.722
202403 21.885 129.419 21.885

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.


American Express Co  (NYSE:AXP) 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.


American Express Co Cyclically Adjusted PS Ratio Related Terms

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


American Express Co (American Express Co) Business Description

Address
200 Vesey Street, New York, NY, USA, 10285
American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.
Executives
Jeffrey C Campbell officer: EVP, Chief Financial Officer 4333 AMON CARTER BLVD, FORT WORTH TX 76155
Douglas E. Buckminster officer: Pres, Int'l Consumer & SBS 200 VESEY STREET, M/S 01-50-01, NEW YORK NY 10285
Clayton Walter Joseph Iii director C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Caillec Christophe Le officer: Chief Financial Officer 200 VESEY STREET, NEW YORK NY 10285
Monique Herena officer: Chief Human Resources Officer 225 LIBERTY STREET, NEW YORK NY 10286
Howard Grosfield officer: President, U.S. Consumer Serv 200 VESEY STREET, NEW YORK NY 10285
Quinn Jessica Lieberman officer: Controller 200 VESEY STREET, NEW YORK NY 10285
Raymond Joabar officer: CRO and Pres., GRBC 200 VESEY STREET, NEW YORK NY 10285
Denise Pickett officer: CRO and President, GRBC Group 200 VESEY STREET, NEW YORK NY 10285
Anna Marrs officer: Pres., Global Comm. Services 200 VESEY STREET, NEW YORK NY 10285
Deborah P Majoras director ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Rafael Marquez officer: President, International Card 200 VESEY STREET, NEW YORK NY 10285
Theodore Leonsis director WASHINGTON CAPITALS, 627 N GLEBE RD SUITE 850, ARLINGTON VA 22203
Stephen J Squeri officer: EVP, Chief Information Officer 200 VESEY STREET, NEW YORK NY 10285
Anre D Williams officer: Pres. Global Merchant Services 200 VESEY STREET, NEW YORK NY 10285

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