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PENN Entertainment (FRA:PN1) Cyclically Adjusted PS Ratio : 0.42 (As of Apr. 29, 2024)


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What is PENN Entertainment Cyclically Adjusted PS Ratio?

As of today (2024-04-29), PENN Entertainment's current share price is €15.86. PENN Entertainment's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €37.57. PENN Entertainment's Cyclically Adjusted PS Ratio for today is 0.42.

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

FRA:PN1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.63   Max: 3.8
Current: 0.41

During the past years, PENN Entertainment's highest Cyclically Adjusted PS Ratio was 3.80. The lowest was 0.23. And the median was 0.63.

FRA:PN1's Cyclically Adjusted PS Ratio is ranked better than
84.07% of 634 companies
in the Travel & Leisure industry
Industry Median: 1.435 vs FRA:PN1: 0.41

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.

PENN Entertainment's adjusted revenue per share data for the three months ended in Dec. 2023 was €8.446. 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 €37.57 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PENN Entertainment Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PENN Entertainment'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.

PENN Entertainment Cyclically Adjusted PS Ratio Chart

PENN Entertainment 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 0.75 2.52 1.40 0.75 0.64

PENN Entertainment 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 0.75 0.73 0.59 0.56 0.64

Competitive Comparison of PENN Entertainment's Cyclically Adjusted PS Ratio

For the Resorts & Casinos subindustry, PENN Entertainment'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.


PENN Entertainment's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



PENN Entertainment 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.

PENN Entertainment's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.86/37.57
=0.42

* 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.

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

For example, PENN Entertainment'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)
=8.446/129.4194*129.4194
=8.446

Current CPI (Dec. 2023) = 129.4194.

PENN Entertainment Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 5.790 99.695 7.516
201406 6.118 100.560 7.874
201409 6.385 100.428 8.228
201412 6.703 99.070 8.756
201503 6.789 99.621 8.820
201506 6.884 100.684 8.849
201509 7.216 100.392 9.302
201512 7.385 99.792 9.578
201603 7.457 100.470 9.606
201606 7.485 101.688 9.526
201609 8.088 101.861 10.276
201612 6.092 101.863 7.740
201703 7.896 102.862 9.935
201706 7.603 103.349 9.521
201709 7.228 104.136 8.983
201712 6.848 104.011 8.521
201803 6.993 105.290 8.596
201806 7.451 106.317 9.070
201809 7.102 106.507 8.630
201812 8.739 105.998 10.670
201903 9.571 107.251 11.549
201906 9.949 108.070 11.914
201909 10.539 108.329 12.591
201912 10.221 108.420 12.201
202003 8.730 108.902 10.375
202006 2.139 108.767 2.545
202009 6.168 109.815 7.269
202012 5.438 109.897 6.404
202103 6.197 111.754 7.177
202106 7.429 114.631 8.387
202109 7.441 115.734 8.321
202112 7.567 117.630 8.325
202203 7.711 121.301 8.227
202206 8.541 125.017 8.842
202209 9.487 125.227 9.805
202212 8.836 125.222 9.132
202303 9.270 127.348 9.421
202306 9.207 128.729 9.256
202309 10.056 129.860 10.022
202312 8.446 129.419 8.446

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.


PENN Entertainment  (FRA:PN1) 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.


PENN Entertainment Cyclically Adjusted PS Ratio Related Terms

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


PENN Entertainment (FRA:PN1) Business Description

Traded in Other Exchanges
Address
825 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands (such as Hollywood Casino and Ameristar), with land-based casinos representing 90% of total sales in 2022 (10% was from the interactive segment, which includes sports, iGaming, and media revenue). The retail portfolio generates high-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch Nov. 14, 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.

PENN Entertainment (FRA:PN1) Headlines

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