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Alphabet(Google) (GOOGL) Cyclically Adjusted PS Ratio : 13.63 (As of Apr. 27, 2024)


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What is Alphabet(Google) Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Alphabet(Google)'s current share price is ARS3210.00. Alphabet(Google)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ARS235.54. Alphabet(Google)'s Cyclically Adjusted PS Ratio for today is 13.63.

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

BUE:GOOGL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.43   Med: 11.74   Max: 17.16
Current: 12.27

During the past years, Alphabet(Google)'s highest Cyclically Adjusted PS Ratio was 17.16. The lowest was 7.43. And the median was 11.74.

BUE:GOOGL's Cyclically Adjusted PS Ratio is ranked worse than
95.55% of 292 companies
in the Interactive Media industry
Industry Median: 1.525 vs BUE:GOOGL: 12.27

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.

Alphabet(Google)'s adjusted revenue per share data for the three months ended in Dec. 2023 was ARS71,775.551. 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 ARS235.54 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alphabet(Google) Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Alphabet(Google)'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.

Alphabet(Google) Cyclically Adjusted PS Ratio Chart

Alphabet(Google) 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 10.78 11.90 15.30 7.50 9.97

Alphabet(Google) 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 7.50 8.38 9.25 9.68 9.97

Competitive Comparison of Alphabet(Google)'s Cyclically Adjusted PS Ratio

For the Internet Content & Information subindustry, Alphabet(Google)'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.


Alphabet(Google)'s Cyclically Adjusted PS Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Alphabet(Google)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Alphabet(Google)'s Cyclically Adjusted PS Ratio falls into.



Alphabet(Google) 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.

Alphabet(Google)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3210.00/235.54
=13.63

* 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.

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

For example, Alphabet(Google)'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)
=71775.551/129.4194*129.4194
=71,775.551

Current CPI (Dec. 2023) = 129.4194.

Alphabet(Google) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 258.729 99.695 335.872
201406 273.863 100.560 352.460
201409 293.085 100.428 377.693
201412 326.016 99.070 425.890
201503 320.095 99.621 415.841
201506 338.064 100.684 434.549
201509 366.694 100.392 472.722
201512 574.282 99.792 744.778
201603 613.402 100.470 790.144
201606 625.414 101.688 795.970
201609 695.262 101.861 883.364
201612 855.595 101.863 1,087.057
201703 788.104 102.862 991.579
201706 883.916 103.349 1,106.888
201709 1,002.764 104.136 1,246.232
201712 1,269.288 104.011 1,579.355
201803 1,290.483 105.290 1,586.232
201806 1,679.317 106.317 2,044.232
201809 2,557.781 106.507 3,108.034
201812 3,063.645 105.998 3,740.594
201903 2,938.755 107.251 3,546.202
201906 3,604.478 108.070 4,316.568
201909 4,703.784 108.329 5,619.535
201912 5,744.309 108.420 6,856.893
202003 5,351.019 108.902 6,359.193
202006 5,533.480 108.767 6,584.145
202009 7,247.111 109.815 8,540.888
202012 9,830.640 109.897 11,577.003
202103 10,592.578 111.754 12,266.945
202106 12,506.998 114.631 14,120.461
202109 13,647.435 115.734 15,261.187
202112 16,404.309 117.630 18,048.498
202203 15,861.889 121.301 16,923.489
202206 17,144.029 125.017 17,747.774
202209 21,215.972 125.227 21,926.336
202212 28,641.239 125.222 29,601.331
202303 31,178.867 127.348 31,686.062
202306 37,973.095 128.729 38,176.841
202309 61,272.810 129.860 61,065.154
202312 71,775.551 129.419 71,775.551

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.


Alphabet(Google)  (BUE:GOOGL) 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.


Alphabet(Google) Cyclically Adjusted PS Ratio Related Terms

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


Alphabet(Google) (GOOGL) Business Description

Address
1600 Amphitheatre Parkway, Mountain View, CA, USA, 94043
Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google's other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home, also contribute to other revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), provide faster internet access (Google Fiber), enable self-driving cars (Waymo), and more.

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