Hovnanian Enterprises (Hovnanian Enterprises) Cyclically Adjusted PS Ratio : (As of Apr. 27, 2024)

Hovnanian Enterprises Cyclically Adjusted PS Ratio Chart

Hovnanian Enterprises Annual Data
	Trend	Oct14	Oct15	Oct16	Oct17	Oct18	Oct19	Oct20	Oct21	Oct22	Oct23
Cyclically Adjusted PS Ratio		Get a 7-Day Free Trial					0.07	0.09	0.21	0.09	0.15

Hovnanian Enterprises Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cyclically Adjusted PS Ratio	Get a 7-Day Free Trial															0.13	0.16	0.24	0.15	0.37

Competitive Comparison of Hovnanian Enterprises's Cyclically Adjusted PS Ratio

For the Residential Construction subindustry, Hovnanian Enterprises'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.

Hovnanian Enterprises's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Hovnanian Enterprises's Cyclically Adjusted PS Ratio distribution charts can be found below:

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

Hovnanian Enterprises 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.

Hovnanian Enterprises does not have a history long enough to calculate Cyclically Adjusted Revenue per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PS Ratio for this company.

Hovnanian Enterprises  (NAS:HOVNP.PFD) 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.

Hovnanian Enterprises Cyclically Adjusted PS Ratio Related Terms

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Hovnanian Enterprises (Hovnanian Enterprises) Business Description