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IDEX (NYSE:IEX) Cyclically Adjusted PS Ratio

: 6.18 (As of Today)
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As of today (2024-04-12), IDEX's current share price is $236.25. IDEX's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $38.23. IDEX's Cyclically Adjusted PS Ratio for today is 6.18.

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

IEX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.72   Med: 5.35   Max: 7.46
Current: 6.18

During the past years, IDEX's highest Cyclically Adjusted PS Ratio was 7.46. The lowest was 2.72. And the median was 5.35.

IEX's Cyclically Adjusted PS Ratio is ranked worse than
90.38% of 2131 companies
in the Industrial Products industry
Industry Median: 1.45 vs IEX: 6.18

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.

IDEX's adjusted revenue per share data for the three months ended in Dec. 2023 was $10.394. 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 $38.23 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


IDEX Cyclically Adjusted PS Ratio Historical Data

The historical data trend for IDEX'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.

IDEX Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.08 6.74 7.25 6.36 5.68

IDEX 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 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 Premium Member Only Premium Member Only Premium Member Only 6.36 6.27 5.73 5.45 5.68

Competitive Comparison

For the Specialty Industrial Machinery subindustry, IDEX'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.


IDEX Cyclically Adjusted PS Ratio Distribution

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

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



IDEX 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=236.25/38.23
=6.18

* 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.

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

For example, IDEX'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)
=10.394/129.4194*129.4194
=10.394

Current CPI (Dec. 2023) = 129.4194.

IDEX Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 6.669 99.695 8.657
201406 6.737 100.560 8.670
201409 6.618 100.428 8.528
201412 6.579 99.070 8.594
201503 6.369 99.621 8.274
201506 6.576 100.684 8.453
201509 6.488 100.392 8.364
201512 6.483 99.792 8.408
201603 6.553 100.470 8.441
201606 7.169 101.688 9.124
201609 6.898 101.861 8.764
201612 6.906 101.863 8.774
201703 7.199 102.862 9.058
201706 7.415 103.349 9.285
201709 7.411 104.136 9.210
201712 7.551 104.011 9.396
201803 7.877 105.290 9.682
201806 8.164 106.317 9.938
201809 8.016 106.507 9.740
201812 7.965 105.998 9.725
201903 8.157 107.251 9.843
201906 8.406 108.070 10.067
201909 8.152 108.329 9.739
201912 7.896 108.420 9.425
202003 7.776 108.902 9.241
202006 7.391 108.767 8.794
202009 7.650 109.815 9.016
202012 7.959 109.897 9.373
202103 8.545 111.754 9.896
202106 8.979 114.631 10.137
202109 9.307 115.734 10.408
202112 9.356 117.630 10.294
202203 9.831 121.301 10.489
202206 10.461 125.017 10.829
202209 10.871 125.227 11.235
202212 10.709 125.222 11.068
202303 11.138 127.348 11.319
202306 11.149 128.729 11.209
202309 10.453 129.860 10.418
202312 10.394 129.419 10.394

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.


IDEX  (NYSE:IEX) 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.


IDEX Cyclically Adjusted PS Ratio Related Terms

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


IDEX (NYSE:IEX) Business Description

Industry
Traded in Other Exchanges
Address
3100 Sanders Road, Suite 301, Northbrook, IL, USA, 60062
Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.2 billion in revenue and $763 million in adjusted operating income in 2022.
Executives
Alejandro Quiroz director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Roopa Unnikrishnan officer: SVP, Strategy&Corp Development 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Marc Uleman officer: Senior VP, Group Executive HST 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
William K Grogan officer: SVP - Chief Financial Officer 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Melissa Aquino officer: Former SVP, Group Exec FMT&FSD 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Livingston Satterthwaite director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Eric D Ashleman officer: SVP - Chief Operating Officer 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Stanfield Paris Watts director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Carl R Christenson director C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Katrina L Helmkamp director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
William M Cook director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Mark A Buthman director P O BOX 619100, DALLAS TX 752619100
Lakecia N Gunter director 3100 SANDER ROAD, SUITE 301, NORTHBROOK IL 60062
Mark A Beck director 2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
David C Parry director 155 HARLEM AVE., GLENVIEW IL 60025

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