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Hanesbrands (FRA:HN9) Cyclically Adjusted PS Ratio : 0.24 (As of Apr. 27, 2024)


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What is Hanesbrands Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Hanesbrands's current share price is €4.1695. Hanesbrands's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €17.69. Hanesbrands's Cyclically Adjusted PS Ratio for today is 0.24.

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

FRA:HN9' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.19   Med: 1.16   Max: 2.84
Current: 0.23

During the past years, Hanesbrands's highest Cyclically Adjusted PS Ratio was 2.84. The lowest was 0.19. And the median was 1.16.

FRA:HN9's Cyclically Adjusted PS Ratio is ranked better than
79.2% of 846 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.62 vs FRA:HN9: 0.23

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.

Hanesbrands's adjusted revenue per share data for the three months ended in Dec. 2023 was €3.390. 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 €17.69 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hanesbrands Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hanesbrands'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.

Hanesbrands Cyclically Adjusted PS Ratio Chart

Hanesbrands 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 0.98 0.92 0.95 0.33 0.23

Hanesbrands 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 0.33 0.27 0.23 0.20 0.23

Competitive Comparison of Hanesbrands's Cyclically Adjusted PS Ratio

For the Apparel Manufacturing subindustry, Hanesbrands'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.


Hanesbrands's Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hanesbrands's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Hanesbrands 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.1695/17.69
=0.24

* 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.

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

For example, Hanesbrands'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)
=3.39/129.4194*129.4194
=3.390

Current CPI (Dec. 2023) = 129.4194.

Hanesbrands Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.878 99.695 2.438
201406 2.420 100.560 3.115
201409 2.661 100.428 3.429
201412 3.026 99.070 3.953
201503 2.736 99.621 3.554
201506 3.328 100.684 4.278
201509 3.518 100.392 4.535
201512 3.271 99.792 4.242
201603 2.814 100.470 3.625
201606 3.427 101.688 4.362
201609 4.102 101.861 5.212
201612 3.911 101.863 4.969
201703 3.439 102.862 4.327
201706 3.982 103.349 4.986
201709 4.100 104.136 5.095
201712 3.810 104.011 4.741
201803 3.285 105.290 4.038
201806 4.042 106.317 4.920
201809 4.345 106.507 5.280
201812 4.265 105.998 5.207
201903 3.847 107.251 4.642
201906 4.263 108.070 5.105
201909 4.637 108.329 5.540
201912 2.978 108.420 3.555
202003 3.029 108.902 3.600
202006 3.906 108.767 4.648
202009 4.085 109.815 4.814
202012 3.958 109.897 4.661
202103 3.602 111.754 4.171
202106 4.129 114.631 4.662
202109 4.318 115.734 4.829
202112 4.402 117.630 4.843
202203 4.072 121.301 4.345
202206 4.087 125.017 4.231
202209 4.817 125.227 4.978
202212 3.974 125.222 4.107
202303 3.703 127.348 3.763
202306 3.789 128.729 3.809
202309 4.038 129.860 4.024
202312 3.390 129.419 3.390

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.


Hanesbrands  (FRA:HN9) 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.


Hanesbrands Cyclically Adjusted PS Ratio Related Terms

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


Hanesbrands (FRA:HN9) Business Description

Traded in Other Exchanges
Address
1000 East Hanes Mill Road, Winston-Salem, NC, USA, 27105
Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Maidenform, Bali, Berlei, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers through stores and e-commerce. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina.

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