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Fortune Brands Innovations (BSP:F1BH34) Cyclically Adjusted PS Ratio : 1.96 (As of Apr. 28, 2024)


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What is Fortune Brands Innovations Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Fortune Brands Innovations's current share price is R$331.84. Fortune Brands Innovations's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$169.28. Fortune Brands Innovations's Cyclically Adjusted PS Ratio for today is 1.96.

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

BSP:F1BH34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.99   Med: 1.88   Max: 3
Current: 1.91

During the past years, Fortune Brands Innovations's highest Cyclically Adjusted PS Ratio was 3.00. The lowest was 0.99. And the median was 1.88.

BSP:F1BH34's Cyclically Adjusted PS Ratio is ranked worse than
79.87% of 1242 companies
in the Construction industry
Industry Median: 0.63 vs BSP:F1BH34: 1.91

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.

Fortune Brands Innovations's adjusted revenue per share data for the three months ended in Dec. 2023 was R$44.769. 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$169.28 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fortune Brands Innovations Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Fortune Brands Innovations'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.

Fortune Brands Innovations Cyclically Adjusted PS Ratio Chart

Fortune Brands Innovations 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 1.86 2.40 2.72 1.55 1.96

Fortune Brands Innovations 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 1.55 1.56 1.88 1.61 1.96

Competitive Comparison of Fortune Brands Innovations's Cyclically Adjusted PS Ratio

For the Building Products & Equipment subindustry, Fortune Brands Innovations'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.


Fortune Brands Innovations's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Fortune Brands Innovations's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Fortune Brands Innovations 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.

Fortune Brands Innovations's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=331.84/169.28
=1.96

* 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.

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

For example, Fortune Brands Innovations'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)
=44.769/129.4194*129.4194
=44.769

Current CPI (Dec. 2023) = 129.4194.

Fortune Brands Innovations Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 12.075 99.695 15.675
201406 13.615 100.560 17.522
201409 15.152 100.428 19.526
201412 16.943 99.070 22.133
201503 18.369 99.621 23.863
201506 22.242 100.684 28.590
201509 29.592 100.392 38.148
201512 29.158 99.792 37.815
201603 25.654 100.470 33.046
201606 28.263 101.688 35.971
201609 26.401 101.861 33.544
201612 27.824 101.863 35.351
201703 23.763 102.862 29.898
201706 28.733 103.349 35.981
201709 27.097 104.136 33.676
201712 29.465 104.011 36.663
201803 27.047 105.290 33.246
201806 36.733 106.317 44.715
201809 39.343 106.507 47.807
201812 38.717 105.998 47.272
201903 35.941 107.251 43.370
201906 41.127 108.070 49.252
201909 42.657 108.329 50.962
201912 42.806 108.420 51.097
202003 48.678 108.902 57.849
202006 51.428 108.767 61.193
202009 63.497 109.815 74.833
202012 -29.571 109.897 -34.824
202103 70.980 111.754 82.200
202106 69.342 114.631 78.287
202109 75.059 115.734 83.934
202112 -36.724 117.630 -40.405
202203 42.124 121.301 44.943
202206 48.299 125.017 50.000
202209 48.184 125.227 49.797
202212 45.954 125.222 47.494
202303 42.155 127.348 42.841
202306 44.300 128.729 44.538
202309 48.738 129.860 48.573
202312 44.769 129.419 44.769

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.


Fortune Brands Innovations  (BSP:F1BH34) 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.


Fortune Brands Innovations Cyclically Adjusted PS Ratio Related Terms

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


Fortune Brands Innovations (BSP:F1BH34) Business Description

Traded in Other Exchanges
Address
520 Lake Cook Road, Suite 300, Deerfield, IL, USA, 60015-5611
Fortune Brands Innovations is a leading home and security products company that operates two segments. The company's $2.6 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures, and the $2.2 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names.

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