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Aflac (BSP:A1FL34) Cyclically Adjusted PS Ratio : 2.64 (As of Apr. 29, 2024)


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What is Aflac Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Aflac's current share price is R$431.00. Aflac's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$163.03. Aflac's Cyclically Adjusted PS Ratio for today is 2.64.

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

BSP:A1FL34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.64   Max: 2.55
Current: 2.48

During the past years, Aflac's highest Cyclically Adjusted PS Ratio was 2.55. The lowest was 0.96. And the median was 1.64.

BSP:A1FL34's Cyclically Adjusted PS Ratio is ranked worse than
83.7% of 405 companies
in the Insurance industry
Industry Median: 0.98 vs BSP:A1FL34: 2.48

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.

Aflac's adjusted revenue per share data for the three months ended in Dec. 2023 was R$32.320. 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 R$163.03 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aflac Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Aflac'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.

Aflac Cyclically Adjusted PS Ratio Chart

Aflac 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 1.89 1.54 1.87 2.19 2.45

Aflac 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 2.19 1.94 2.07 2.26 2.45

Competitive Comparison of Aflac's Cyclically Adjusted PS Ratio

For the Insurance - Life subindustry, Aflac'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.


Aflac's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Aflac's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Aflac 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=431.00/163.03
=2.64

* 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.

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

For example, Aflac'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)
=32.32/129.4194*129.4194
=32.320

Current CPI (Dec. 2023) = 129.4194.

Aflac Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 14.313 99.695 18.581
201406 14.321 100.560 18.431
201409 14.672 100.428 18.908
201412 16.005 99.070 20.908
201503 18.662 99.621 24.244
201506 18.874 100.684 24.261
201509 22.861 100.392 29.471
201512 23.902 99.792 30.998
201603 23.866 100.470 30.743
201606 22.400 101.688 28.509
201609 22.551 101.861 28.652
201612 24.315 101.863 30.893
201703 20.480 102.862 25.768
201706 22.326 103.349 27.958
201709 21.635 104.136 26.888
201712 22.552 104.011 28.061
201803 22.790 105.290 28.013
201806 27.010 106.317 32.879
201809 29.599 106.507 35.967
201812 26.037 105.998 31.790
201903 28.661 107.251 34.585
201906 28.283 108.070 33.871
201909 30.565 108.329 36.516
201912 31.100 108.420 37.124
202003 34.401 108.902 40.882
202006 38.666 108.767 46.008
202009 42.569 109.815 50.169
202012 44.943 109.897 52.927
202103 47.178 111.754 54.635
202106 40.787 114.631 46.049
202109 41.349 115.734 46.238
202112 41.766 117.630 45.952
202203 39.258 121.301 41.885
202206 41.842 125.017 43.316
202209 39.090 125.227 40.399
202212 33.317 125.222 34.434
202303 40.960 127.348 41.626
202306 41.644 128.729 41.867
202309 41.425 129.860 41.285
202312 32.320 129.419 32.320

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.


Aflac  (BSP:A1FL34) 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.


Aflac Cyclically Adjusted PS Ratio Related Terms

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


Aflac (BSP:A1FL34) Business Description

Industry
Traded in Other Exchanges
Address
1932 Wynnton Road, Columbus, GA, USA, 31999
Aflac Inc offers supplemental health insurance and life insurance in the two largest insurance markets in the world, the U.S. and Japan. In addition to its cancer policies, the company has broadened its product offerings to include accident, disability, and long-term-care insurance. It markets its products through independent distributors, selling most of its policies directly to consumers at their places of work.

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