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Bechtle AG (Bechtle AG) Cyclically Adjusted PS Ratio : 1.07 (As of Apr. 27, 2024)


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What is Bechtle AG Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Bechtle AG's current share price is $9.935. Bechtle AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $9.25. Bechtle AG's Cyclically Adjusted PS Ratio for today is 1.07.

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

BECTY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.31   Max: 2.32
Current: 1.15

During the past years, Bechtle AG's highest Cyclically Adjusted PS Ratio was 2.32. The lowest was 0.93. And the median was 1.31.

BECTY's Cyclically Adjusted PS Ratio is ranked better than
63.1% of 1412 companies
in the Software industry
Industry Median: 1.87 vs BECTY: 1.15

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.

Bechtle AG's adjusted revenue per share data for the three months ended in Dec. 2023 was $3.280. 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 $9.25 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bechtle AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Bechtle AG'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.

Bechtle AG Cyclically Adjusted PS Ratio Chart

Bechtle AG 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 1.68 2.18 2.03 0.91 1.12

Bechtle AG 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 0.91 1.16 0.93 1.11 1.12

Competitive Comparison of Bechtle AG's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, Bechtle AG'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.


Bechtle AG's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Bechtle AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Bechtle AG 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.

Bechtle AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.935/9.25
=1.07

* 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.

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

For example, Bechtle AG'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)
=3.28/123.6675*123.6675
=3.280

Current CPI (Dec. 2023) = 123.6675.

Bechtle AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.288 99.543 1.600
201406 1.302 99.543 1.618
201409 1.265 99.823 1.567
201412 1.511 99.543 1.877
201503 1.069 99.717 1.326
201506 1.222 100.417 1.505
201509 1.222 100.417 1.505
201512 1.447 99.717 1.795
201603 1.246 100.017 1.541
201606 1.290 100.717 1.584
201609 1.301 101.017 1.593
201612 1.566 101.217 1.913
201703 1.363 101.417 1.662
201706 1.466 102.117 1.775
201709 1.653 102.717 1.990
201712 2.012 102.617 2.425
201803 1.870 102.917 2.247
201806 1.789 104.017 2.127
201809 1.944 104.718 2.296
201812 2.444 104.217 2.900
201903 2.224 104.217 2.639
201906 2.261 105.718 2.645
201909 2.231 106.018 2.602
201912 2.817 105.818 3.292
202003 2.378 105.718 2.782
202006 2.343 106.618 2.718
202009 2.563 105.818 2.995
202012 1.957 105.518 2.294
202103 2.440 107.518 2.806
202106 2.368 108.486 2.699
202109 2.385 109.435 2.695
202112 2.688 110.384 3.011
202203 2.411 113.968 2.616
202206 2.379 115.760 2.541
202209 2.301 118.818 2.395
202212 2.972 119.345 3.080
202303 2.615 122.402 2.642
202306 2.597 123.140 2.608
202309 2.506 124.195 2.495
202312 3.280 123.668 3.280

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.


Bechtle AG  (OTCPK:BECTY) 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.


Bechtle AG Cyclically Adjusted PS Ratio Related Terms

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


Bechtle AG (Bechtle AG) Business Description

Industry
Traded in Other Exchanges
Address
Bechtle Platz 1, Neckarsulm, BW, DEU, 74172
Bechtle AG is an information technology provider with operations in Germany, Austria, Switzerland, and other European countries. The company's customers are mainly in the industrial, trade, financial, and public sectors. Bechtle operates through two segments: IT System House and Managed Services, and IT E-commerce. The IT System House and Managed Services segment consist of IT strategy consulting, hardware and software sales, project planning and roll-out, system integrations, IT services and training, and client management, among others. The IT E-commerce segment includes e-procurement services, software solutions, and product marketing through the Internet and telemarketing.

Bechtle AG (Bechtle AG) Headlines

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