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Zoetis (BSP:Z1TS34) Cyclically Adjusted PS Ratio : 10.78 (As of Apr. 28, 2024)


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What is Zoetis Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Zoetis's current share price is R$50.25. Zoetis's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$4.66. Zoetis's Cyclically Adjusted PS Ratio for today is 10.78.

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

BSP:Z1TS34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.58   Med: 12.98   Max: 19.62
Current: 10.42

During the past years, Zoetis's highest Cyclically Adjusted PS Ratio was 19.62. The lowest was 9.58. And the median was 12.98.

BSP:Z1TS34's Cyclically Adjusted PS Ratio is ranked worse than
93.34% of 736 companies
in the Drug Manufacturers industry
Industry Median: 2.06 vs BSP:Z1TS34: 10.42

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.

Zoetis's adjusted revenue per share data for the three months ended in Dec. 2023 was R$1.473. 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$4.66 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zoetis Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Zoetis'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.

Zoetis Cyclically Adjusted PS Ratio Chart

Zoetis 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 - 14.64 19.24 10.41 12.98

Zoetis 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 10.41 11.51 11.63 11.51 12.98

Competitive Comparison of Zoetis's Cyclically Adjusted PS Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Zoetis'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.


Zoetis's Cyclically Adjusted PS Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Zoetis's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Zoetis 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=50.25/4.66
=10.78

* 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.

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

For example, Zoetis'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)
=1.473/129.4194*129.4194
=1.473

Current CPI (Dec. 2023) = 129.4194.

Zoetis Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.318 99.695 0.413
201406 0.323 100.560 0.416
201409 0.352 100.428 0.454
201412 0.433 99.070 0.566
201503 0.430 99.621 0.559
201506 0.457 100.684 0.587
201509 0.590 100.392 0.761
201512 0.617 99.792 0.800
201603 0.538 100.470 0.693
201606 0.518 101.688 0.659
201609 0.507 101.861 0.644
201612 0.539 101.863 0.685
201703 0.486 102.862 0.611
201706 0.529 103.349 0.662
201709 0.536 104.136 0.666
201712 0.612 104.011 0.762
201803 0.572 105.290 0.703
201806 0.684 106.317 0.833
201809 0.782 106.507 0.950
201812 0.784 105.998 0.957
201903 0.723 107.251 0.872
201906 0.773 108.070 0.926
201909 0.847 108.329 1.012
201912 0.894 108.420 1.067
202003 0.978 108.902 1.162
202006 1.050 108.767 1.249
202009 1.260 109.815 1.485
202012 1.214 109.897 1.430
202103 1.379 111.754 1.597
202106 1.283 114.631 1.449
202109 1.378 115.734 1.541
202112 1.462 117.630 1.609
202203 1.303 121.301 1.390
202206 1.373 125.017 1.421
202209 1.399 125.227 1.446
202212 1.433 125.222 1.481
202303 1.401 127.348 1.424
202306 1.429 128.729 1.437
202309 1.439 129.860 1.434
202312 1.473 129.419 1.473

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.


Zoetis  (BSP:Z1TS34) 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.


Zoetis Cyclically Adjusted PS Ratio Related Terms

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


Zoetis (BSP:Z1TS34) Business Description

Traded in Other Exchanges
Address
10 Sylvan Way, Parsippany, NJ, USA, 07054
Zoetis sells anti-infectives, vaccines, parasiticides, diagnostics, and other health products for animals. The firm earns roughly 35% of total revenue from production animals (cattle, pigs, poultry, and so on), and nearly 65% from companion animal (dogs, horses, cats) products. Its U.S. business is heavily skewed toward companion animals, while its international business is slightly skewed toward production animals. The firm has the largest market share in the industry and was previously Pfizer's animal health unit.

Zoetis (BSP:Z1TS34) Headlines

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