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easyJet (easyJet) Cyclically Adjusted PS Ratio : 0.41 (As of Apr. 29, 2024)


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What is easyJet Cyclically Adjusted PS Ratio?

As of today (2024-04-29), easyJet's current share price is $6.2814. easyJet's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Sep23 was $15.16. easyJet's Cyclically Adjusted PS Ratio for today is 0.41.

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

EJTTF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 1.09   Max: 2.59
Current: 0.42

During the past 13 years, easyJet's highest Cyclically Adjusted PS Ratio was 2.59. The lowest was 0.24. And the median was 1.09.

EJTTF's Cyclically Adjusted PS Ratio is ranked better than
71.45% of 725 companies
in the Transportation industry
Industry Median: 0.82 vs EJTTF: 0.42

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.

easyJet's adjusted revenue per share data of for the fiscal year that ended in Sep23 was $13.341. 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 $15.16 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


easyJet Cyclically Adjusted PS Ratio Historical Data

The historical data trend for easyJet'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.

easyJet Cyclically Adjusted PS Ratio Chart

easyJet Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 0.41 0.57 0.24 0.33

easyJet Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 0.57 - 0.24 - 0.33

Competitive Comparison of easyJet's Cyclically Adjusted PS Ratio

For the Airlines subindustry, easyJet'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.


easyJet's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, easyJet's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



easyJet 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.2814/15.16
=0.41

* 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.

easyJet's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Sep23 is calculated as:

For example, easyJet's adjusted Revenue per Share data for the fiscal year that ended in Sep23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=13.341/130.1000*130.1000
=13.341

Current CPI (Sep23) = 130.1000.

easyJet Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201409 18.525 100.000 24.101
201509 18.104 100.200 23.506
201609 15.454 101.500 19.809
201709 16.950 104.300 21.143
201809 19.420 106.600 23.701
201909 19.905 108.400 23.890
202009 8.053 109.200 9.594
202109 3.716 112.400 4.301
202209 8.677 122.300 9.230
202309 13.341 130.100 13.341

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.


easyJet  (OTCPK:EJTTF) 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.


easyJet Cyclically Adjusted PS Ratio Related Terms

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


easyJet (easyJet) Business Description

Industry
Traded in Other Exchanges
Address
Hangar 89, London Luton Airport, Luton, Bedfordshire, GBR, LU2 9PF
easyJet PLC is a European low-cost carrier with a focus on Western European markets. The company employs a low-cost no-frills model to offer low fares to customers on short-haul routes. Its operating segment includes Airline that operates easyJet's route network and Holidays that sells holiday packages. It generates maximum revenue from the Airline segment. Geographically, it derives a majority of its revenue from the United Kingdom.

easyJet (easyJet) Headlines

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