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Lincoln Electric Holdings (Lincoln Electric Holdings) Cyclically Adjusted PS Ratio : 4.17 (As of May. 15, 2024)


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What is Lincoln Electric Holdings Cyclically Adjusted PS Ratio?

As of today (2024-05-15), Lincoln Electric Holdings's current share price is $230.66. Lincoln Electric Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $55.27. Lincoln Electric Holdings's Cyclically Adjusted PS Ratio for today is 4.17.

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

LECO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.52   Med: 2.53   Max: 4.72
Current: 4.17

During the past years, Lincoln Electric Holdings's highest Cyclically Adjusted PS Ratio was 4.72. The lowest was 1.52. And the median was 2.53.

LECO's Cyclically Adjusted PS Ratio is ranked worse than
82.42% of 2190 companies
in the Industrial Products industry
Industry Median: 1.44 vs LECO: 4.17

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.

Lincoln Electric Holdings's adjusted revenue per share data for the three months ended in Mar. 2024 was $17.023. 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 $55.27 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lincoln Electric Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Lincoln Electric Holdings'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.

Lincoln Electric Holdings Cyclically Adjusted PS Ratio Chart

Lincoln Electric Holdings 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 2.50 2.85 3.08 2.87 3.98

Lincoln Electric Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.27 3.75 3.36 3.98 4.62

Competitive Comparison of Lincoln Electric Holdings's Cyclically Adjusted PS Ratio

For the Tools & Accessories subindustry, Lincoln Electric Holdings'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.


Lincoln Electric Holdings's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

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

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



Lincoln Electric Holdings 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.

Lincoln Electric Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=230.66/55.27
=4.17

* 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.

Lincoln Electric Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Lincoln Electric Holdings's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=17.023/129.4194*129.4194
=17.023

Current CPI (Mar. 2024) = 129.4194.

Lincoln Electric Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 9.019 100.560 11.607
201409 8.978 100.428 11.570
201412 8.737 99.070 11.414
201503 8.538 99.621 11.092
201506 8.773 100.684 11.277
201509 8.748 100.392 11.277
201512 7.875 99.792 10.213
201603 7.840 100.470 10.099
201606 8.599 101.688 10.944
201609 8.449 101.861 10.735
201612 8.508 101.863 10.810
201703 8.724 102.862 10.976
201706 9.392 103.349 11.761
201709 10.037 104.136 12.474
201712 11.230 104.011 13.973
201803 11.404 105.290 14.018
201806 11.949 106.317 14.546
201809 11.227 106.507 13.642
201812 11.521 105.998 14.067
201903 11.881 107.251 14.337
201906 12.339 108.070 14.777
201909 11.775 108.329 14.067
201912 11.931 108.420 14.242
202003 11.546 108.902 13.721
202006 9.873 108.767 11.748
202009 11.145 109.815 13.135
202012 11.489 109.897 13.530
202103 12.554 111.754 14.538
202106 13.737 114.631 15.509
202109 13.429 115.734 15.017
202112 14.131 117.630 15.547
202203 15.614 121.301 16.659
202206 16.521 125.017 17.103
202209 15.980 125.227 16.515
202212 15.900 125.222 16.433
202303 17.792 127.348 18.081
202306 18.191 128.729 18.289
202309 17.772 129.860 17.712
202312 18.234 129.419 18.234
202403 17.023 129.419 17.023

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.


Lincoln Electric Holdings  (NAS:LECO) 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.


Lincoln Electric Holdings Cyclically Adjusted PS Ratio Related Terms

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


Lincoln Electric Holdings (Lincoln Electric Holdings) Business Description

Traded in Other Exchanges
Address
22801 Street Clair Avenue, Cleveland, OH, USA, 44117
Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm's portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $3.8 billion in sales in 2022.
Executives
Michael J Whitehead officer: SVP, Strat. & Business Dev. 22801 SAINT CLAIR AVENUE, CLEVELAND OH 44117
Christopher L Mapes director REGAL BELOIT CORP, 200 STATE STREET, BELOIT WI 53511
Steven B Hedlund officer: V. P. Strategy & Bus. Dev. 22801 ST. CLAIR AVENUE, CLEVELAND OH 44117
Geoffrey P Allman officer: Sr. V.P., Corporate Controller 22801 ST. CLAIR AVENUE, CLEVELAND OH 44117
Michele R Kuhrt officer: Ex. V.P., CIO 22801 SAINT CLAIR AVENUE, CLEVELAND OH 44117
Marc A Howze director DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Jennifer I Ansberry officer: Ex.V.P. General Counsel & Secy 22801 SAINT CLAIR AVENUE, CLEVELAND OH 44117
Bonnie J Fetch director 500 JACKSON STREET, COLUMBUS IN 47201
Kathryn Jo Lincoln director 1741 EAST MORTEN AVE, PHOENIX AZ 85020
Peter M. Pletcher officer: SVP, President International 22801 SAINT CLAIR AVENUE, CLEVELAND OH 44117
Gregory Doria officer: SVP, Pres Harris Products Gr. 22801 SAINT CLAIR AVENUE, CLEVELAND OH 44117
Gabriel Bruno officer: V.P., Corporate Controller 22801 ST. CLAIR AVENUE, CLEVELAND OH 44117
Lisa Dietrich officer: EVP, CIO 22801 SAINT CLAIR AVENUE, CLEVELAND OH 44117
Brian Chambers director ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Thomas A Flohn officer: VP; Pres. (Asia Pac.) 22801 ST. CLAIR AVENUE, CLEVELAND OH 44117