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AZZ (AZZ) Cyclically Adjusted PS Ratio : 1.73 (As of Apr. 27, 2024)


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What is AZZ Cyclically Adjusted PS Ratio?

As of today (2024-04-27), AZZ's current share price is $71.49. AZZ's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was $41.42. AZZ's Cyclically Adjusted PS Ratio for today is 1.73.

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

AZZ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.7   Max: 3.15
Current: 1.73

During the past years, AZZ's highest Cyclically Adjusted PS Ratio was 3.15. The lowest was 0.80. And the median was 1.70.

AZZ's Cyclically Adjusted PS Ratio is ranked worse than
69.47% of 678 companies
in the Business Services industry
Industry Median: 0.89 vs AZZ: 1.73

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.

AZZ's adjusted revenue per share data for the three months ended in Feb. 2024 was $14.603. 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 $41.42 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AZZ Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AZZ'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.

AZZ Cyclically Adjusted PS Ratio Chart

AZZ Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.18 1.60 1.42 1.04 1.76

AZZ Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.04 0.88 1.21 1.20 1.76

Competitive Comparison of AZZ's Cyclically Adjusted PS Ratio

For the Specialty Business Services subindustry, AZZ'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.


AZZ's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

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

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



AZZ 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=71.49/41.42
=1.73

* 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.

AZZ's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, AZZ's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=14.603/129.4194*129.4194
=14.603

Current CPI (Feb. 2024) = 129.4194.

AZZ Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 8.397 100.373 10.827
201408 7.509 100.352 9.684
201411 8.716 99.635 11.322
201502 7.177 99.032 9.379
201505 8.850 100.333 11.416
201508 8.265 100.548 10.638
201511 9.333 100.135 12.062
201602 7.843 100.040 10.146
201605 9.614 101.355 12.276
201608 7.688 101.617 9.791
201611 8.729 101.829 11.094
201702 7.066 102.779 8.898
201705 7.867 103.256 9.860
201708 7.541 103.587 9.422
201711 8.017 104.072 9.970
201802 7.719 105.052 9.509
201805 10.073 106.148 12.281
201808 8.539 106.383 10.388
201811 9.159 106.338 11.147
201902 7.745 106.649 9.399
201905 11.038 108.048 13.221
201908 8.990 108.245 10.749
201911 11.086 108.519 13.221
202002 9.299 109.139 11.027
202005 8.143 108.175 9.742
202008 7.770 109.662 9.170
202011 8.699 109.793 10.254
202102 -6.344 110.968 -7.399
202105 9.095 113.576 10.364
202108 5.229 115.421 5.863
202111 5.415 117.269 5.976
202202 5.213 119.703 5.636
202205 8.068 123.323 8.467
202208 13.996 124.958 14.496
202211 14.935 125.607 15.388
202302 13.482 126.928 13.747
202305 13.409 128.314 13.524
202308 13.644 129.538 13.632
202311 13.011 129.548 12.998
202402 14.603 129.419 14.603

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.


AZZ  (NYSE:AZZ) 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.


AZZ Cyclically Adjusted PS Ratio Related Terms

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


AZZ (AZZ) Business Description

Industry
Traded in Other Exchanges
Address
3100 West 7th Street, Suite 500, One Museum Place, Fort Worth, TX, USA, 76107
AZZ Inc is a provider of galvanizing and a variety of metal coating solutions and coil coating solutions to a broad range of end markets in North America. In its Metal Coatings segment, the company offers metal finishing services to protect against corrosion, such as hot dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. The Precoat Metals Segment offers aesthetic and corrosion-resistant coatings for steel and aluminum coils.
Executives
Tiffany Moseley officer: Chief Accounting Officer ONE MUSEUM PLACE, 3100 WEST 7TH STREET, SUITE 500, FORT WORTH TX 76107
Ken Lavelle officer: President & GM - Electrical ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107
Kurt L. Russell officer: COO - Precoat Metals ONE MUSEUM PLACE, 3100 WEST 7TH STREET, SUITE 500, FORT WORTH TX 76107
Philip A Schlom officer: VP, Chief Accounting Officer C/O PARKER DRILLING COMPANY, 5 GREENWAY PLAZA, SUITE 100, HOUSTON TX 77046
Thomas E Ferguson director, officer: President and CEO ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
David Kaden director C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Tara D Mackey officer: VP Chief Legal Officer ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76116
Bryan Lee Stovall officer: SVP - Metal Coatings ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
Clive A Grannum director OLIN CORPORATION, 190 CARONDELET PLAZA, SUITE 1530, CLAYTON MO 63105
Carol R Jackson director 777 E. WISCONSIN AVENUE, MILWAUKEE WI 53202
Gary L. Hill officer: President & GM-Industrial ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107
Michael Doucet officer: SVP - Alternative Coatings ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107
Kevern R Joyce director ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
Paul Wesley Fehlman other: Finance ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
Matthew Varley Emery officer: VP CHIEF INFORMATION OFFICER ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107