GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Franchise Group Inc (NAS:FRG) » Definitions » Cyclically Adjusted PS Ratio

Franchise Group (Franchise Group) Cyclically Adjusted PS Ratio : 0.74 (As of Apr. 28, 2024)


View and export this data going back to 2012. Start your Free Trial

What is Franchise Group Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Franchise Group's current share price is $29.88. Franchise Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2023 was $40.55. Franchise Group's Cyclically Adjusted PS Ratio for today is 0.74.

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

FRG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.66   Med: 1.05   Max: 1.51
Current: 0.74

During the past years, Franchise Group's highest Cyclically Adjusted PS Ratio was 1.51. The lowest was 0.66. And the median was 1.05.

FRG's Cyclically Adjusted PS Ratio is not ranked
in the Retail - Cyclical industry.
Industry Median: 0.48 vs FRG: 0.74

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.

Franchise Group's adjusted revenue per share data for the three months ended in Jun. 2023 was $29.527. 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 $40.55 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Franchise Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Franchise Group'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.

Franchise Group Cyclically Adjusted PS Ratio Chart

Franchise Group Annual Data
Trend Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.06 1.38 0.69

Franchise Group Quarterly Data
Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 1.21 0.77 0.69 0.72 0.71

Competitive Comparison of Franchise Group's Cyclically Adjusted PS Ratio

For the Specialty Retail subindustry, Franchise Group'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.


Franchise Group's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Franchise Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Franchise Group 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.

Franchise Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=29.88/40.55
=0.74

* 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.

Franchise Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Franchise Group's adjusted Revenue per Share data for the three months ended in Jun. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=29.527/128.7287*128.7287
=29.527

Current CPI (Jun. 2023) = 128.7287.

Franchise Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201307 0.625 98.557 0.816
201310 0.566 98.536 0.739
201401 2.780 98.692 3.626
201404 5.357 100.023 6.894
201407 0.609 100.520 0.780
201410 0.610 100.176 0.784
201501 3.351 98.604 4.375
201504 5.219 99.824 6.730
201507 0.587 100.691 0.750
201510 0.616 100.346 0.790
201601 3.830 99.957 4.932
201604 4.886 100.947 6.231
201607 0.554 101.524 0.702
201610 0.561 101.988 0.708
201701 3.478 102.456 4.370
201704 6.166 103.167 7.694
201707 0.636 103.278 0.793
201710 0.602 104.070 0.745
201801 3.730 104.578 4.591
201804 6.438 105.708 7.840
201807 0.548 106.324 0.663
201810 0.483 106.695 0.583
201901 2.342 106.200 2.839
201904 -3.333 107.818 -3.979
201907 0.563 108.250 0.670
201910 2.199 108.577 2.607
202003 21.228 108.902 25.093
202006 14.227 108.767 16.838
202009 13.547 109.815 15.880
202012 11.745 109.897 13.758
202103 15.491 111.754 17.844
202106 21.091 114.631 23.685
202109 20.228 115.734 22.499
202112 22.948 117.630 25.113
202203 27.622 121.301 29.313
202206 26.625 125.017 27.416
202209 26.326 125.227 27.062
202212 30.460 125.222 31.313
202303 31.565 127.348 31.907
202306 29.527 128.729 29.527

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.


Franchise Group  (NAS:FRG) 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.


Franchise Group Cyclically Adjusted PS Ratio Related Terms

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


Franchise Group (Franchise Group) Business Description

Traded in Other Exchanges
N/A
Address
109 Innovation Court, Suite J, Delaware, OH, USA, 43015
Franchise Group Inc is a personal services company that provides retail federal and state income tax preparation services and related tax settlement products. The vast majority of these offices operate in the United States under the Liberty Tax Service and SiempreTax+ brand names. Liberty Tax also provides online do-it-yourself tax programs within the U.S. The sale of financial products and tax preparation service fees also contribute to sizable percentages of the company's total income. Liberty Tax also operates a smaller portfolio of wholly-owned company offices. The company's reportable segments are Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy's and Sylvan.
Executives
Daniel Meitner Ondeck 10 percent owner 13301 BEALL CREEK CT., POTOMAC MD 20854
Richard W Riley 10 percent owner B RILEY AND CO, 11100 SANTA MONICA BLVD STE 800, LOS ANGELES CA 90025
Bryant R Riley director, 10 percent owner C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Kelleher Thomas J /adv 10 percent owner C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Randall E Paulson 10 percent owner
Nanhi Singh director 109 INNOVATION COURT, SUITE J, DELAWARE OH 43015
Gary S Rich director C/O THE READER'S DIGEST ASSOCIATION, READER'S DIGEST ROAD, PLEASANTVILLE NY 10570
Brian Randall Kahn director, 10 percent owner, officer: Chief Executive Officer 5506 WORSHAM COURT, WINDERMERE FL 34786
Patrick A Cozza director C/O HSBC INSURANCE, 545 WASHINGTON BLVD, JERSEY CITY NJ 07310
Lee A. Wright officer: Chief Commercial Officer C/O DIAMOND CASTLE HOLDINGS, LLC, 280 PARK AVENUE, 25TH FLOOR, EAST TOWER, NEW YORK NY 10017
Andrew M Laurence director C/O API TECHNOLOGIES CORP., ONE NORTH WACKER DRIVE SUITE 4400, CHICAGO IL 60606
Cynthia S Dubin director 1200 E. MARKET STREET, SUITE 650, AKRON OH 44305
Lisa M Fairfax director 2387 LIBERTY WAY, VIRGINIA BEACH VA 23456
Vintage Capital Management Llc director, 10 percent owner, officer: Chief Executive Officer 4705 S APOPKA VINELAND ROAD SUITE 210, ORLANDO FL 32819
B. Riley Financial, Inc. 10 percent owner 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025

Franchise Group (Franchise Group) Headlines

From GuruFocus