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CAE (CAE) Cyclically Adjusted PS Ratio : 1.96 (As of Apr. 27, 2024)


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What is CAE Cyclically Adjusted PS Ratio?

As of today (2024-04-27), CAE's current share price is $19.04. CAE's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $9.71. CAE's Cyclically Adjusted PS Ratio for today is 1.96.

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

CAE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.59   Med: 2.44   Max: 4.24
Current: 2.02

During the past years, CAE's highest Cyclically Adjusted PS Ratio was 4.24. The lowest was 1.59. And the median was 2.44.

CAE's Cyclically Adjusted PS Ratio is ranked worse than
63.51% of 211 companies
in the Aerospace & Defense industry
Industry Median: 1.47 vs CAE: 2.02

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.

CAE's adjusted revenue per share data for the three months ended in Dec. 2023 was $2.455. 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 $9.71 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CAE Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CAE'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.

CAE Cyclically Adjusted PS Ratio Chart

CAE Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.21 1.78 3.39 2.84 2.48

CAE 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 2.18 2.48 2.36 2.49 2.22

Competitive Comparison of CAE's Cyclically Adjusted PS Ratio

For the Aerospace & Defense subindustry, CAE'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.


CAE's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CAE's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



CAE 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19.04/9.71
=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.

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

For example, CAE'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)
=2.455/125.4675*125.4675
=2.455

Current CPI (Dec. 2023) = 125.4675.

CAE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.967 98.604 2.503
201406 1.833 99.473 2.312
201409 1.810 99.394 2.285
201412 1.820 98.367 2.321
201503 1.872 99.789 2.354
201506 1.682 100.500 2.100
201509 1.729 100.421 2.160
201512 1.666 99.947 2.091
201603 2.022 101.054 2.511
201606 1.875 102.002 2.306
201609 1.798 101.765 2.217
201612 1.898 101.449 2.347
201703 2.036 102.634 2.489
201706 1.829 103.029 2.227
201709 1.865 103.345 2.264
201712 2.407 103.345 2.922
201803 2.075 105.004 2.479
201806 2.043 105.557 2.428
201809 2.120 105.636 2.518
201812 2.271 105.399 2.703
201903 2.871 106.979 3.367
201906 2.322 107.690 2.705
201909 2.570 107.611 2.996
201912 2.656 107.769 3.092
202003 2.598 107.927 3.020
202006 1.529 108.401 1.770
202009 2.004 108.164 2.325
202012 2.397 108.559 2.770
202103 2.505 110.298 2.850
202106 2.082 111.720 2.338
202109 1.837 112.905 2.041
202112 2.025 113.774 2.233
202203 2.330 117.646 2.485
202206 2.291 120.806 2.379
202209 2.343 120.648 2.437
202212 2.285 120.964 2.370
202303 3.200 122.702 3.272
202306 2.489 124.203 2.514
202309 2.479 125.230 2.484
202312 2.455 125.468 2.455

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.


CAE  (NYSE:CAE) 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.


CAE Cyclically Adjusted PS Ratio Related Terms

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


CAE (CAE) Business Description

Industry
Traded in Other Exchanges
Address
8585 Cote de Liesse, Saint-Laurent, QC, CAN, H4T 1G6
CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company's training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations. Roughly one-third of sales are from the United States, with the remainder split among several other nations.