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Fisher & Paykel Healthcare (NZSE:FPH) Cyclically Adjusted PS Ratio : 12.07 (As of Apr. 28, 2024)


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What is Fisher & Paykel Healthcare Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Fisher & Paykel Healthcare's current share price is NZ$27.40. Fisher & Paykel Healthcare's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar23 was NZ$2.27. Fisher & Paykel Healthcare's Cyclically Adjusted PS Ratio for today is 12.07.

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

NZSE:FPH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.3   Med: 10.71   Max: 26.54
Current: 12.09

During the past 13 years, Fisher & Paykel Healthcare's highest Cyclically Adjusted PS Ratio was 26.54. The lowest was 3.30. And the median was 10.71.

NZSE:FPH's Cyclically Adjusted PS Ratio is ranked worse than
92.04% of 465 companies
in the Medical Devices & Instruments industry
Industry Median: 2.11 vs NZSE:FPH: 12.09

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.

Fisher & Paykel Healthcare's adjusted revenue per share data of for the fiscal year that ended in Mar23 was NZ$2.729. 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 NZ$2.27 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fisher & Paykel Healthcare Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Fisher & Paykel Healthcare'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.

Fisher & Paykel Healthcare Cyclically Adjusted PS Ratio Chart

Fisher & Paykel Healthcare Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.31 21.34 19.10 12.31 11.76

Fisher & Paykel Healthcare Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 12.31 - 11.76 -

Competitive Comparison of Fisher & Paykel Healthcare's Cyclically Adjusted PS Ratio

For the Medical Instruments & Supplies subindustry, Fisher & Paykel Healthcare'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.


Fisher & Paykel Healthcare's Cyclically Adjusted PS Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Fisher & Paykel Healthcare's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Fisher & Paykel Healthcare's Cyclically Adjusted PS Ratio falls into.



Fisher & Paykel Healthcare 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.

Fisher & Paykel Healthcare's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=27.40/2.27
=12.07

* 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.

Fisher & Paykel Healthcare's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Fisher & Paykel Healthcare's adjusted Revenue per Share data for the fiscal year that ended in Mar23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=2.729/124.5168*124.5168
=2.729

Current CPI (Mar23) = 124.5168.

Fisher & Paykel Healthcare Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.019 99.396 1.277
201503 1.132 99.646 1.415
201603 1.432 100.063 1.782
201703 1.516 102.231 1.846
201803 1.673 103.355 2.016
201903 1.855 104.889 2.202
202003 2.198 107.547 2.545
202103 3.360 109.182 3.832
202203 2.832 116.747 3.020
202303 2.729 124.517 2.729

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.


Fisher & Paykel Healthcare  (NZSE:FPH) 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.


Fisher & Paykel Healthcare Cyclically Adjusted PS Ratio Related Terms

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


Fisher & Paykel Healthcare (NZSE:FPH) Business Description

Traded in Other Exchanges
Address
15 Maurice Paykel Place, East Tamaki, Auckland, NTL, NZL, 2013
Fisher & Paykel Healthcare is one of the three largest respiratory care device companies globally. It is the market leader in hospital use humidifiers, masks and related consumables and the number three player in the at-home treatment of sleep apnoea using respiratory devices. Both the hospital and homecare markets for respiratory devices are growing strongly in the developed markets in which Fisher & Paykel has a presence. The company earns 42% of its revenue in the U.S., 32% in Europe, 18% in Asia-Pacific and the remaining 8% in emerging markets. Fisher conducts its own R&D and has thousands of patents and pending applications. It manufactures in New Zealand and Mexico and has a multichannel distribution model.

Fisher & Paykel Healthcare (NZSE:FPH) Headlines

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